Real Estate News & Articles

5/6/2021 | Posted in Home Buyers by Ron Hyde
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Whether you’re starting your home search or you just bid on the place of your dreams, getting denied for a mortgage will stop you cold. ... More

Real Estate & Mortgage News

5/5/2021 | Posted in GTA Real Estate by Ron Hyde
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Home sales in the Greater Toronto Area (GTA) set a new record for April and amounted to more than quadruple that from April 2020 – the first full month of the pandemic. ... More

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5/4/2021 | Posted in First Time Home Buyers by Ron Hyde
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Long-awaited tweaks to the government’s First-Time Home Buyer Incentive came into effect on Monday. ... More

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5/4/2021 | Posted in Ontario Real Estate by Ron Hyde
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If you thought Canadian residential detached and semi-detached prices were out of control, take a look at Ontario’s cottage country. ... More

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5/4/2021 | Posted in Commercial Real Estate by Ron Hyde
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Growing e-commerce sales, coupled with the need for greater inventory space, continue to stimulate the industrial property market in the Greater Toronto Area, according to Avison ... More

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5/4/2021 | Posted in Home Buyers by Ron Hyde
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Unconditional offers are poor choices and our courts have shown little empathy for failed purchasers, repeatedly holding that vendors have no obligation to accommodate purchasers ... More

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5/3/2021 | Posted in Condo Market by Ron Hyde
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Toronto had 125 cranes actively working on multiresidential towers in March, according to the RLB Crane Index, dwarfing the total of any other North American city. ... More

Real Estate & Mortgage News

5/1/2021 | Posted in Mortgage Advice by Ron Hyde
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Many Canadians are under the assumption their mortgage is as good as done once they have a mortgage pre-approval. ... More

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5/1/2021 | Posted in Canadian Housing Market by Ron Hyde
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TD Bank is forecasting that home prices have further to rise yet before finally starting to lose steam by the end of the year. ... More

Real Estate & Mortgage News

4/30/2021 | Posted in Home Buyers by Ron Hyde
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Effective June 1, the federal mortgage stress test increases to 5.25 per cent, or about four times higher than what major lenders are actually charging ... More

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4/27/2021 | Posted in First Time Home Buyers by Ron Hyde
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Effective May 3, 2021, the Federal Government will be expanding the First Time Home Buyer Incentive program to enhance eligibility in Toronto, Vancouver and Victoria Census ... More

Real Estate & Mortgage News

4/27/2021 | Posted in Home Owners by Ron Hyde
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If you’re like most Canadians, you’re more likely to tackle a home renovation than sell your current house and buy another or purchase an investment property. ... More

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4/23/2021 | Posted in Canadian Economy and Housing Market by Ron Hyde
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Finance Minister Chrystia Freeland says the country needs a boost in the supply of housing to help make prices more affordable, but suggests there may be other steps governments ... More

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4/23/2021 | Posted in Toronto Real Estate by Ron Hyde
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Toronto’s condo market, battered by a pandemic that sent city residents looking for more space, is bouncing back. ... More

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4/23/2021 | Posted in First Time Home Buyers by Ron Hyde
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The mass urban exodus that has been observed in Toronto and across Canada throughout the pandemic doesn't appear to be slowing down anytime soon, and a new survey confirms ... More

Real Estate & Mortgage News

4/22/2021 | Posted in Home Sellers by Ron Hyde
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Home prices in many Canadian markets have climbed to records during the pandemic, but it seems the majority of homeowners are planning to stay the course, and haven’t yet ... More

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4/22/2021 | Posted in Interest Rates by Ron Hyde
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Bank of Canada announced that it will hold its target for the overnight rate at the effective lower bound of 0.25%, and that it will be adjusting its weekly net purchases of ... More

Real Estate & Mortgage News

4/22/2021 | Posted in Commercial Real Estate by Ron Hyde
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Greater Toronto Area (GTA) commercial real estate investment hit a record $6.07 billion in the first quarter, surpassing the previous Q1 record of $5.77 billion set in 2018. ... More

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4/21/2021 | Posted in Rental Market by Ron Hyde
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The vacancy rate in newer apartment buildings is now six times higher than it was immediately prior to the COVID-19 pandemic but there are increasing signs that the exodus from ... More

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4/21/2021 | Posted in Canadian Economy and Interest Rates by Ron Hyde
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The Bank of Canada announced that it will pare back asset purchases by one-quarter and indicated that it’s moving up its expected timeline for interest-rate hikes, citing a ... More

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4/21/2021 | Posted in Foreign Buyers by Ron Hyde
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A provision in the latest budget proposal by the Liberal government will impose a new tax aimed at foreign owners of Canadian residential real estate, should the budget get ... More

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4/21/2021 | Posted in Commercial Real Estate by Ron Hyde
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Despite mounting pandemic pressures, Canada’s commercial assets remained a focus of investor activity over recent months, according to a new study by Altus Group. ... More

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4/20/2021 | Posted in First Time Home Buyers by Ron Hyde
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The ongoing surge in home prices across the country is discouraging a large number of young non-homeowners, many of whom say they’re giving up on the dream of homeownership ... More

Real Estate & Mortgage News

4/19/2021 | Posted in Canadian Housing Market by Ron Hyde
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The trend in housing starts was 273,664 units in March 2021, up from 252,636 units in February 2021, according to Canada Mortgage and Housing Corporation (CMHC). ... More

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