Real Estate News & Articles

5/17/2018 | Posted in Community by Ron Hyde
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Condos can be a problem-solver in today’s real estate market. But there’s also a sense of dread associated with condos, specifically with the monthly maintenance fees ... More

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5/17/2018 | Posted in Rental Market by Ron Hyde
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The cost of renting an apartment is climbing rapidly in many of Canada's largest cities, led by Toronto and nearby places, new data shows. ... More

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5/16/2018 | Posted in Home Buyers by Ron Hyde
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First-time home buyers already struggling with more stringent mortgage rules have been dealt another blow by an increase this week in the Bank of Canada’s five-year mortgage ... More

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5/16/2018 | Posted in Toronto Real Estate by Ron Hyde
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In the face of a correction in Toronto’s housing market, sellers aren’t panicking and prices in Toronto continue to hold steady. ... More

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5/16/2018 | Posted in Canadian Housing Market by Ron Hyde
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The decline in national home sales reported Tuesday by CREA is “disappointing” says TD Economics. ... More

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5/15/2018 | Posted in Canadian Housing Market by Ron Hyde
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Statistics released today by The Canadian Real Estate Association (CREA) show national home sales fell from March to April 2018. ... More

Real Estate & Mortgage News

5/14/2018 | Posted in Commercial Real Estate by Ron Hyde
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The value of permits issued for non-residential structures was $3.0 billion in March, up 4.5% from February (which had posted a 6.4% decline) according to Statistics Canada. ... More

Real Estate & Mortgage News

5/14/2018 | Posted in GTA Real Estate by Ron Hyde
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A city just north of Toronto is making a play to try to position itself as the home for Amazon’s second North American headquarters. ... More

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5/14/2018 | Posted in Mortgages and Real Estate by Ron Hyde
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Despite rising interest and qualifying rates, the luxury sector of the housing market should remain largely unaffected. ... More

Real Estate & Mortgage News

5/14/2018 | Posted in Luxury Real Estate by Ron Hyde
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Luxury home prices across Canada have remained “relatively resilient” this year so far despite lower sales in the Greater Toronto Area (GTA) and Greater Vancouver, ... More

Real Estate & Mortgage News

5/14/2018 | Posted in Canadian Housing Market by Ron Hyde
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After a flat March, the Teranet–National Bank National Composite House Price Index ™  rose 0.2% in April. In the 20-year history of the index, it was the ... More

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5/13/2018 | Posted in Financial Health by Ron Hyde
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Members of Generation X (aged 37 to 52) are finding it hard to save, and the tighter timeline is causing them stress, a Franklin Templeton report finds. ... More

Real Estate & Mortgage News

5/9/2018 | Posted in Home Buyers by Ron Hyde
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The bar is now higher for homebuyers to qualify for mortgages in Canada after the central bank raised a key metric used in stress tests that determine borrowers’ ... More

Real Estate & Mortgage News

5/9/2018 | Posted in Canadian Housing Market by Ron Hyde
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Almost six in 10 Canadian millennials are already homeowners, with more of this age group planning to buy a home in the next two years, according to a Genworth Canada survey ... More

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5/9/2018 | Posted in Mortgage Interest Rates by Ron Hyde
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Bank of Canada will probably raise rates twice this year, likely in the summer and in fall according to Dominion Lending Centres chief economist Sherry Cooper. ... More

Real Estate & Mortgage News

5/8/2018 | Posted in Canadian Housing Market by Ron Hyde
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The trend in housing starts was 225,696 units in April 2018, compared to 226,942 units in March 2018, according to Canada Mortgage and Housing Corporation (CMHC). This trend ... More

Real Estate & Mortgage News

5/3/2018 | Posted in GTA Real Estate by Ron Hyde
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Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 7,792 sales through TREB's MLS® System in April 2018. The ... More

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5/2/2018 | Posted in Financial Health by Ron Hyde
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Bank of Canada governor says heavy debt load poses risk to the economy, but he is confident it can be managed. ... More

Real Estate & Mortgage News

5/1/2018 | Posted in Home Buyers by Ron Hyde
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The Canadian Imperial Bank of Commerce says it will raise its five-year fixed-rate mortgage rate Tuesday by 15 basis points. ... More

Real Estate & Mortgage News

5/1/2018 | Posted in GTA Real Estate by Ron Hyde
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Doug Ford says he would open up the protected Greenbelt around the Toronto area for some development if elected premier this spring. ... More

Real Estate & Mortgage News

5/1/2018 | Posted in GTA Real Estate by Ron Hyde
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The City of Vaughan and the City of Toronto are among the municipalities considering large increases in their local development charges, which are the taxes that cities collect on ... More

Real Estate & Mortgage News

4/30/2018 | Posted in First Time Home Buyers by Ron Hyde
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The home-purchasing power of ‘peak millennials’ aged 25-31 has diminished by around $40,103 (16.5%) since the introduction of the OSFI stress test at the start of ... More

Real Estate & Mortgage News

4/27/2018 | Posted in Mortgage Interest Rates by Ron Hyde
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Two of Canada's biggest banks are raising their benchmark rates for five-year, fixed-rate mortgages. ... More

Real Estate & Mortgage News

4/27/2018 | Posted in GTA Real Estate by Ron Hyde
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Toronto is getting a new casino. The city council approved the much-debated expansion of the Woodbine Racetrack in Etobicoke into a gambling wonderland with five new ... More

Real Estate & Mortgage News

4/27/2018 | Posted in Canadian Housing Market Predictions by Ron Hyde
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The risk of a housing market downturn over the next 12 months remains low – but the probability has slightly increased because of volatility introduced by the recently ... More

Real Estate & Mortgage News

4/27/2018 | Posted in Mortgages and Real Estate by Ron Hyde
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Latest data from Statistics Canada showed that mortgage interest costs increased by 2.8% in March, representing the biggest rise since April 2009. ... More

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4/27/2018 | Posted in Canadian Economy and Housing Market by Ron Hyde
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Canadian households, the main driver of the country’s economy for the past decade, are showing signs of spending fatigue. ... More

Real Estate & Mortgage News

4/26/2018 | Posted in Ontario Real Estate by Ron Hyde
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The impact of the Ontario’s Fair Housing on foreign buyers of the province’s real estate has been revealed by the finance ministry. Finance minister Charles Sousa ... More

Real Estate & Mortgage News

4/26/2018 | Posted in Canadian Housing Market by Ron Hyde
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Canada's housing market overall remains highly vulnerable for the seventh consecutive quarter mainly due to evidence of overvaluation and price acceleration observed in Census ... More

Real Estate & Mortgage News

4/24/2018 | Posted in Canadian Economy and Housing Market by Ron Hyde
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The tightened mortgage underwriting rules which came into effect at the start of the year have contributed to a slower start for the Canadian economy. ... More

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