Michael Antczak | Real Estate Sales Representative Serving Vaughan, Kleinburg | RE/MAX Premier Inc., Brokerage | Real Estate Mike for All Your Real Estate Needs

Canada Real Estate News and Articles | My Blog

Canadian home sales drop sharply in May

6/15/2017 | Posted in Real Estate Market by Michael Antczak

crea-news-18.jpg - Real Estate News

According to statistics released today by The Canadian Real Estate Association (CREA), national home sales posted a sizeable decline in May 2017.

... More


CREA Updates Resale Housing Market Forecast

6/15/2017 | Posted in Real Estate News by Michael Antczak

crea-forecast-update-97.jpg - Real Estate News

The Canadian Real Estate Association (CREA) has updated its forecast for home sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate ... More


Home Prices Up a Record 2.2% in May

6/14/2017 | Posted in Real Estate Market by Michael Antczak

teranet-national-bank-16.jpg - Real Estate News

In May, the Teranet–National Bank National Composite House Price Index™ was up 2.2% from the previous month, the largest May gain in the 19-year history of the ... More


Why consumers should be wary of using the wildly popular home equity lines of credit as ATMs

6/9/2017 | Posted in Financial Health by Michael Antczak

contract-real-estate-mortgage-102.jpg - Real Estate News

A federal agency is warning consumers addicted to home equity lines of credit — a product increasingly driving debt — could find themselves at increased risk ... More


Canada home prices not coming down yet thanks to low rates: Reuters poll

5/25/2017 | Posted in Real Estate Market by Michael Antczak

business-meeting-notes-105.jpg - Real Estate News

Efforts to rein in Toronto's hot housing market and recent problems at mortgage lender Home Capital are unlikely to hurt Canada's national real estate market as low ... More


House prices can't climb faster than incomes forever

5/18/2017 | Posted in GTA Real Estate by Michael Antczak

property-prices-down-71.jpg - Real Estate News

For the last three years, analysts have been predicting a Canadian housing crash and ensuing recession, yet the economy continues to chug along and house prices are still ... More


Canadian home sales drop in April

5/15/2017 | Posted in Real Estate Market by Michael Antczak

crea-news-18.jpg - Real Estate News According to statistics released today by The Canadian Real Estate Association (CREA), national home sales declined in April 2017. ... More


Sharpest 12 Month Rise On Record For Toronto and Hamilton Home Prices

5/12/2017 | Posted in Real Estate Market by Michael Antczak

teranet-national-bank-16.jpg - Real Estate News

In April, the Teranet–National Bank National Composite House Price Index™ was up 1.2% from the previous month. This gain is similar to that reported for April of ... More


High house prices prompt Moody's downgrade for Canadian banks

5/11/2017 | Posted in Financial Health by Michael Antczak

marketing-analysys-104.jpg - Real Estate News

Moody’s has downgraded its ratings for six Canadian banks due to their exposure to risk from high house prices and household debt.

... More


Housing starts trend higher

5/9/2017 | Posted in Real Estate Market by Michael Antczak

cmhc-news-7.jpg - Real Estate News

The 6-month trend of Canadian housing starts was up in April, reaching 213,768 units compared to 210,702 in March.

... More


Activity in Canada's largest urban centres encouraging local buyers to relocate to surrounding markets : Re/Max

4/25/2017 | Posted in Real Estate Market by Michael Antczak

sold-remax-43.jpg - Real Estate News

"Move-over" buyers from Toronto and Vancouver turning to surrounding areas to find a balance of affordability, square footage, and access to ... More


Canadian home sales edge higher from February to March

4/18/2017 | Posted in Real Estate Market by Michael Antczak

crea-news-18.jpg - Real Estate News

According to statistics released today by The Canadian Real Estate Association (CREA), national home sales were up on a month-over-month basis in March 2017.

... More


Bank of Canada maintains overnight rate target at 1/2 per cent

4/12/2017 | Posted in Mortgage Interest Rates by Michael Antczak

bank-of-canada-84.jpg - Real Estate News

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the ... More


Home Prices Up 0.9% in March

4/12/2017 | Posted in Real Estate Market by Michael Antczak

teranet-national-bank-16.jpg - Real Estate News

In March, the Teranet–National Bank National Composite House Price Index™ was up 0.9% from the previous month, the largest March rise in 10 years. This increase is ... More


Toronto and Vancouver housing affordability still at high-stress levels: RBC

4/4/2017 | Posted in Real Estate Market by Michael Antczak

toronto-vancouver-real-estate-90.jpg - Real Estate News

The fourth quarter of 2016 saw Canadian housing costs remain at overheated levels despite the imposition of various federal and provincial measures to address the prevalent ... More


Ontario urging Ottawa to change tax rules in bid to curb real estate speculation

3/20/2017 | Posted in Real Estate News by Michael Antczak

real-estate-market-growth-125.jpg - Real Estate News

Ontario Finance Minister Charles Sousa is urging Ottawa to address speculative investing in the country's housing markets by changing how such profits are taxed.

... More


Mortgage premium hikes reduce case for borrowing to boost down payment

3/20/2017 | Posted in Mortgages and Real Estate by Michael Antczak

couple-laptop-106.jpg - Real Estate News

With mortgage insurance premiums rising, homebuyers whose down payments are just shy of 20 per cent may be considering whether to tap extra sources of credit in order to avoid ... More


US Federal Reserve hikes key interest rate to twice that of Canada's

3/15/2017 | Posted in Mortgage Interest Rates by Michael Antczak

us--canada-121.jpg - Real Estate News

The Federal Reserve has raised its benchmark interest rate for the second time in three months and signalled that any further hikes this year will be gradual. Higher rates ... More


Canadian home sales climb in February

3/15/2017 | Posted in Real Estate Market by Michael Antczak

crea-news-18.jpg - Real Estate News

According to statistics released today by The Canadian Real Estate Association (CREA), national home sales were up on a month-over-month basis in February 2017.

... More


CREA Updates and Extends Resale Housing Market Forecast

3/15/2017 | Posted in Real Estate Market by Michael Antczak

crea-forecast-update-97.jpg - Real Estate News

The Canadian Real Estate Association (CREA) has updated its forecast for home sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate ... More


Canadian home prices climb another 1% in biggest February increase on record as Toronto stays strong

3/14/2017 | Posted in Real Estate Market by Michael Antczak

teranet-national-bank-16.jpg - Real Estate News

Canadian home prices rose in February as prices continued to climb in the hot Toronto market, data showed on Tuesday in a report that was unlikely to alleviate concerns from ... More


41% of Chinese buyers say they want Toronto real estate for schooling: Study

3/8/2017 | Posted in Foreign Buyers by Michael Antczak

canadian-real-estate-markets-62.jpg - Real Estate News

The top reason why foreign buyers from China want to get into the Canadian housing market is education, not investment, according to data from a popular global real estate ... More


New home construction picks up, offering latest evidence of economic momentum

3/8/2017 | Posted in Real Estate News by Michael Antczak

cmhc-reports-2.jpg - Real Estate News

The pace of home construction in Canada picked up last month and a lot of the push came from Ontario, the federal housing agency said Wednesday, offering the latest evidence ... More


Canada's red hot real estate heats up apartment market to heights not seen in 30 years

3/7/2017 | Posted in Real Estate Market by Michael Antczak

sold-house-23.jpg - Real Estate News

Vacancy rates are tight across Canada as residents find themselves priced out of the housing market.

... More


Government "very focused" on monitoring housing market: Finance Minister

3/6/2017 | Posted in Toronto Real Estate by Michael Antczak

real-estate-67.jpg - Real Estate News

The government remains “very focused” on monitoring the Canadian housing market, Finance Minister Bill Morneau said. His remarks come amid rising prices in Toronto ... More


Foreigners are already heavily invested in Canada's housing market, whether they're landlords or not

2/27/2017 | Posted in Foreign Buyers by Michael Antczak

mortgage-rates---interest-rates-48.jpg - Real Estate News

One puzzle around the run-up in Canadian home prices is the extent to which foreign money is the driver. The idea is that rich people from places like China are buying up homes ... More


Chunk of foreign buyers locked out of market

2/19/2017 | Posted in Foreign Buyers by Michael Antczak

home-for-sale-39.jpg - Real Estate News

Chinese influence on Canada’s real estate market may be coming to an abrupt end due to new rules that lock their funds.

... More


Canadian home sales edge down from December to January

2/15/2017 | Posted in Real Estate Market by Michael Antczak

crea-news-18.jpg - Real Estate News

According to statistics released today by The Canadian Real Estate Association (CREA), national home sales were down slightly in January 2017 on a month-over-month basis.

... More


Home Prices Up 0.5% in January

2/14/2017 | Posted in Real Estate Market by Michael Antczak

teranet-national-bank-16.jpg - Real Estate News

In January, the Teranet–National Bank National Composite House Price Index™ was up 0.5% from the previous month, matching the largest January increases in the ... More


Canadian housing starts begin 2017 on a high, fuelled by Ontario

2/12/2017 | Posted in Real Estate News by Michael Antczak

cmhc-reports-2.jpg - Real Estate News

Canadian housing starts unexpectedly rose in January as Ontario saw a strong increase on ground breaking of new homes, suggesting home construction got off to a ... More


FOR SELLERS
Are you thinking of selling your property
and would like to know how much it can sell for?
Click here to get your property appraised for FREE!
FOR BUYERS
Thinking of buying a home or investment property?
Sign-up for FREE to get immediate access to listings
in your desired area as soon as they hit the market!
PROPERTY SEARCH IN GTA
Are you thinking of buying your first property,
downsizing, or looking to upgrade to bigger and better?
Click here to search through thousands of listings!