Move over millennials – you may have some competition. If you think purchasing a home is challenging now – just wait – because the market is about to become a tad more crowded. According to a recent survey done by Royal LePage, over 1.4 million Canadians, between the ages of 54 and 72, are expected […]
Home sales across the Greater Toronto Area (GTA) have climbed nearly 20 per cent in July, proving buyers are returning to the market following months of declining sales. According to the latest Market Figures report by the Toronto Real Estate Board (TREB), 6,961 homes were sold across the GTA last month, an 18.6 per cent […]
While Toronto’s housing market has inevitably shown signs of cooling, the city’s housing segment is continuing to face a high degree of vulnerability to market instability. According to a recent Housing Market Assessment (HMA) released by the Canadian Mortgage and Housing Corporation (CMHC), two of Canada’s largest housing markets, Toronto and Vancouver, are susceptible to […]
We all know that Toronto’s housing market is rated one of the most expensive in Canada, however, according to a recent study, it’s now the third most expensive in North America. A study led by a professor at Simon Fraser University revealed Toronto’s market is not far behind from Vancouver (which ranked first on the […]
Are you struggling to obtain a mortgage because of the new lending guidelines that were implemented at the beginning of the year? Well, if you’re self-employed, qualifying for a mortgage is about to get… a little bit easier. Predominantly due to varying and unpredictable income levels, Canadians who are self-employed have consistently struggled to obtain […]
We’re all too familiar with Toronto’s costly and overheated housing market, where prices seem like they’ll never return back to a reasonable level. A few, of the many, reasons why housing prices have increased so much is due to the increased demand, the lack of supply, record-low vacancy rates, and fewer homes for sale- making […]
Following months of declining activity, Toronto housing market seems like it is on its way to recovery. According to a recent report by the Canadian Real Estate Association (CREA), Toronto home sales saw a 17 per cent incline in June 2018 when compared to May 2018, and the volume of home transactions across the nation […]
Amidst uncertainty on trade actions with the United States, the Bank of Canada (BoC) has raised its benchmark interest rates to 1.5 per cent, a 25-basis point increase and the fourth hike in 12 months. The widely expected interest rate hike, which was announced on Wednesday, is now sitting at the highest level since the […]
After months of dwindling sales and tumbling prices, Toronto’s housing market is finally starting to show signs of recovery, as increased sales are showing home buyers are beginning to re-enter the market. According to the latest Monthly Market Figures by the Toronto Real Estate Board (TREB), home sales and average prices for the month of […]
Affordability has been a major topic of concern in Vancouver and Toronto, Canada’s largest markets. According to a new report, Vancouver affordability is at a critical level while Toronto’s affordability still poses a major challenge despite improvement. RBC released their Housing Trends and Affordability report earlier this week, and illustrates that while the affordability measure […]
