Home prices across the country have increased, especially in popular urban areas such as Toronto and Vancouver. Many Canadians have felt they have either been completely priced out of the market, or have to settle for a home vastly cheaper than their dream home. It seems many prospective homebuyers are becoming fed up with the […]
Announcements / City
Toronto Housing Market Facing High Degree of Vulnerability
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 […]
City
Toronto Housing Market 3rd Most Expensive in North America
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 […]
Announcements
Are You Self-Employed? Well, Qualifying For A Mortgage Is About To Get Easier For You…
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 […]
Announcements
Baby Boomers Are Staying Put in Their Homes…With No Plan to Downsize
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 […]
Announcements
CREA: Toronto Led Biggest Gains in Home Sales for June – Up 17%
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 […]
Announcements
Bank of Canada Raises Interest Rates, Again
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 […]
Announcements
Toronto’s Housing Market Is Showing Signs of Recovery – Will It Last?
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 […]
City
Housing Affordability Is at Crisis Levels in Vancouver, Is Toronto Next?
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 […]
Announcements
Toronto Ties With Vancouver As Most Expensive City To Live In Canada
The results are in, and after years of back and forth, Toronto has finally tied Vancouver as the most expensive city to live in Canada. According to Mercer’s 24th Annual Cost of Living Survey, released Tuesday, Toronto jumped ten spots on the chart (to 109) and is now equally as expensive to live in as […]
City
The Condo Sector Is Becoming The Leading Market For New Home Buyers
Toronto’s condominium sector is becoming the leading market for new home buyers, and as a result is forcing prices to jump to 25 per cent to $758,370. According to a recent report by the Building Industry and Land Development Association (BILD), the reason for the increase in prices within the condo sector is due to […]