Real Estate News, Articles, Reports, Analysys & Trends

11/25/2024 | Posted in Ontario News by Sheru Asnani
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Ontario is exploring a proposal to allow credit reporting agencies to access Landlord and Tenant Board (LTB) orders for renters with a history of missed payments.

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Ontario debates sharing tenant arrears data with credit agencies

11/25/2024 | Posted in Mortgages and Real Estate by Sheru Asnani
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Effective Thursday, uninsured bank borrowers no longer need to show they can afford a higher rate when switching lenders.

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Canada's banking regulator loosens mortgage stress-test rules. Who will benefit?

11/22/2024 | Posted in Canadian Economy and Interest Rates by Sheru Asnani
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Various signs point to the Bank of Canada (BoC) cutting interest rates by another half percentage point in December, even if the bank hasn’t said so explicitly, CIBC ... More

Hidden Bank of Canada clues point to another big cut: CIBC economists

11/21/2024 | Posted in Canadian Housing Market by Sheru Asnani
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The average income needed to buy a home keeps inching down in cities across Canada, according to the latest data.

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This is how much money you need to make to buy a house in Canada's largest cities

11/14/2024 | Posted in Mortgages and Real Estate by Sheru Asnani
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BMO economist predicts homeowners can absorb higher mortgage rates

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Canada's mortgage renewal wall: A 'headwind' but not a crisis

11/19/2024 | Posted in Canadian Housing Market by Sheru Asnani
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Conditions on the resale market tightened further in October, with a seller’s market that is synonymous with upward price support.

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House prices continue to rise in October as market gains momentum

11/11/2024 | Posted in Real Estate News by Sheru Asnani
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Canada’s rental market has hit a critical low in vacancy levels, but developers are struggling to keep pace with the growing demand for new housing.

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Condo vacancy rates hit new low: Developers pivot to bigger units

11/18/2024 | Posted in Canadian Housing Market by Sheru Asnani
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Home sales activity recorded over Canadian MLS® Systems increased 7.7% on a month-over-month basis in October 2024, reaching its highest level since April 2022.

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Canadian Home Sales See Surprise Jump in October

11/6/2024 | Posted in Mortgages and Real Estate by Sheru Asnani
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Canada's housing affordability cannot be resolved by changing the country's unique mortgage structure, the Bank of Canada's Senior Deputy Governor said on ... More

Bank of Canada says changes to mortgage structure will not resolve housing affordability

10/31/2024 | Posted in First Time Home Buyers by Sheru Asnani
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With the benchmark prices for a home in Toronto or Vancouver at over a million dollars, the prospect of saving enough for a down payment to enter the real estate market can be ... More

What you need to know before helping your child with a home down payment

11/6/2024 | Posted in GTA Real Estate by Sheru Asnani
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Greater Toronto Area (GTA) home sales increased strongly year-over-year in October 2024. Over the same period, new listings were up, but by a lesser annual rate. The result was ... More

TRREB: Sales and Average Selling Price Increases in October

11/4/2024 | Posted in Government and Regulation by Sheru Asnani
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Conservative Leader Pierre Poilievre has written to the provinces’ premiers, asking them to eliminate their sales taxes on new homes that are under $1 million.

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Poilievre asks premiers to axe their sales taxes on new homes worth under $1 million

11/4/2024 | Posted in Mortgages and Real Estate by Sheru Asnani
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Canada's housing agency says risks remain in the mortgage market as over a million contracts are up for renewal next year while a growing share of new mortgages are being ... More

CMHC says risks remain in mortgage market as delinquencies creep up

10/23/2024 | Posted in Commercial Real Estate by Sheru Asnani
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What does today’s 50 basis point interest rate cut mean for the Canadian commercial real estate market?

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BoC slashes interest rates by 50 basis points: What's next for CRE?

10/29/2024 | Posted in Real Estate Market by Sheru Asnani
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A new report says that while fewer young Canadians own a home compared with three years ago, a majority of millennials and Gen Z adults still plan to purchase one in the next ... More

Fewer young Canadians own homes but majority planning to buy within five years: poll

10/28/2024 | Posted in New Developments by Sheru Asnani
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New home sales in the Greater Toronto Area remained sluggish last month, but a new report suggests that the market is now primed for buyers following four consecutive interest ... More

New home sales in Toronto remain low in September despite interest rate cuts: report

10/25/2024 | Posted in Home Buyers by Sheru Asnani
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The federal government allowed 30-year mortgage amortizations for first-time homebuyers purchasing new builds in August, and the new rules are set to expand in December to ... More

Here's why a mortgage broker thinks a 30-year amortization is a 'trap'

10/24/2024 | Posted in Mortgages and Real Estate by Sheru Asnani
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More Canadian homeowners are considering switching to variable rate from fixed rate mortgages after an unusually large interest rate cut by the central bank on Wednesday, ... More

Canadian homeowners consider switch to variable rate mortgages after big rate cut

10/23/2024 | Posted in Canadian Economy and Interest Rates by Sheru Asnani
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The Bank of Canada on Wednesday reduced its key benchmark rate by 50 basis points to 3.75%, its first bigger-than-usual move in more than four years, and hailed signs the ... More

Bank of Canada slashes rates, says monetary policy has worked

10/23/2024 | Posted in Toronto News by Sheru Asnani
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Landlords who plan to evict tenants to renovate their properties may soon be required to apply for a licence and provide additional financial compensation to the tenants they ... More

Toronto landlords who evict tenants to renovate could require renovation licence as early as next summer

10/21/2024 | Posted in Interest Rates by Sheru Asnani
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Five of Canada's biggest banks are now expecting a larger-than-usual interest rate cut from the Bank of Canada after inflation numbers came in lower than anticipated.

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Five of six Canadian banks predict sharper rate cut as inflation slows

10/18/2024 | Posted in Condos For Sale by Sheru Asnani
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New condo sales in the Greater Toronto and Hamilton Area are continuing to drop off, falling 81 per cent in the third quarter of 2024 compared to the same period last year, ... More

New condo sales in GTHA fall 81 per cent in third quarter of 2024: report

10/15/2024 | Posted in Canadian Housing Market by Sheru Asnani
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Following the Bank of Canada's third interest rate cut of the year, national home sales increased slightly in September compared to August. This follows a similar pattern ... More

Canadian Home Sales Edge Up Again Following Third Interest Rate Cut

10/11/2024 | Posted in Interest Rates by Sheru Asnani
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Strong employment results for September have tempered Bank of Canada rate cut expectations for later this month.

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Rate cut showdown: 25 or 50 bps? Economists split on Bank of Canada's next move

10/9/2024 | Posted in Mortgages and Real Estate by Sheru Asnani
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Interest rate cuts by the Bank of Canada in recent months have helped reduce ownership costs for homeowners and buyers and bring about a slight improvement in the overall ... More

Rate drops help boost housing affordability: RBC

10/8/2024 | Posted in Government and Regulation by Sheru Asnani
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The federal government is rolling out another set of mortgage changes aimed at addressing the housing shortage, this time focusing on supporting the construction of secondary ... More

Feds launch mortgage refinancing program to boost secondary suites and ease housing crunch

10/10/2024 | Posted in Canadian Housing Market Predictions by Sheru Asnani
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Royal LePage’s latest housing market forecast predicts a real estate rebound that will see Canada’s “sluggish” markets in recovery mode by spring ... More

Canada's 'sluggish' housing market in recovery mode following interest rate cuts, Royal LePage forecast predicts

10/7/2024 | Posted in Canadian Economy and Interest Rates by Sheru Asnani
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An ex-member of the Bank of Canada’s governing body said officials should cut borrowing costs by half a percentage point later this month.

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Former Bank of Canada Official Sees Jumbo Rate Cut in October

10/3/2024 | Posted in Mortgage News by Sheru Asnani
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Canada’s banking regulator recently relaxed its mortgage stress test rule partly due to concerns about how the public perceives the agency’s role, according to ... More

OSFI eliminated mortgage stress test to avoid losing public confidence: Routledge
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