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Looming rate hikes seen dousing Canadian consumers, housing market

6/19/2017 | Posted in Mortgages and Real Estate by Michael Antczak

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Looming rate hikes by the Bank of Canada will put financial stress on indebted Canadians and potentially exacerbate a slowdown in the nation's long housing boom, credit ... 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


Brace for a possible tax on speculative home purchases

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

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The chief economist of the Canadian Real Estate Association says homeowners in the Greater Toronto Area should brace themselves for a possible tax on speculative home ... More


Home Prices Up a Record 2.2% in May

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

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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


BMO CEO downplays housing risk

6/12/2017 | Posted in Real Estate Market by Michael Antczak

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The Bank of Montreal's CEO is downplaying the consequences that would come from a possible correction in house prices, saying the real estate market "essentially heals ... More


Is Toronto's housing market decline for real?

6/8/2017 | Posted in Toronto Real Estate by Michael Antczak

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Why sales and prices seem likely to continue to fall for at least the next two or three months.

... More


Toronto home sales drop most since recession as new rules put brakes on market

6/6/2017 | Posted in GTA Real Estate by Michael Antczak

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Sales of existing homes across the Greater Toronto Area dropped a whopping 20.3 per cent in May from a year ago, while the average home price in the region fell about six per ... More


GTA REALTORS® Release Monthly Resale Housing Market Figures

6/5/2017 | Posted in GTA Real Estate by Michael Antczak

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Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported 10,196 sales through TREB’s MLS® System in May 2017 ... More


Real estate not only more expensive, but also more complex

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

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The only thing increasing faster than GTA home prices is the complexity of the market. Lesser-known but very important changes are already underway that will significantly ... More


GTA Home Sales Plunge 26% Following Ontario Foreign Buyer Tax

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

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On April 20th 2017 the Ontario government introduced their Fair Housing Plan which included a 15% tax on homes purchased by foreign (non-resident) buyers. The provincial ... 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


Housing starts trend higher

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

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

... More


Toronto real estate sales climbed in past week, but overall cooling could be coming

5/2/2017 | Posted in Toronto Real Estate by Michael Antczak

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Early data suggests homebuyers in Canada’s largest city sat on the sidelines as they awaited new market cooling measures, but jumped backed into the market — albeit ... 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

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"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

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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


Overheated Price Appreciation in Greater Toronto Area Reaches New Heights in the First Quarter of 2017

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

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Apprehension grows over the region's steep price gains, causing many to search for property in regions beyond the GTA.

... More


Single Canadians make up a quarter of homebuyers

4/13/2017 | Posted in Home Buyers by Michael Antczak

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Almost 1 in 4 homebuyers is buying on their own, often due to unexpected life changes. A new survey from TD found that 69 per cent of divorced and 35 per cent of widowed ... More


Home Prices Up 0.9% in March

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

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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


Six stunning numbers about Toronto real estate and your personal finances

4/8/2017 | Posted in Toronto Real Estate by Michael Antczak

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From a personal finance point of view, Toronto real estate makes your head spin. Monthly price increases for resale houses in the city are amazing enough in their own ... More


Experts weigh in on hot Toronto house prices

4/8/2017 | Posted in Toronto Real Estate by Michael Antczak

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Interest rates, lack of supply, speculators and foreign buyers may all be contributing to rapid price growth.

... More


Royal Bank CEO 'increasingly concerned' about Toronto, Vancouver housing markets

4/6/2017 | Posted in Real Estate Market by Michael Antczak

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Royal Bank's CEO said he's "increasingly concerned" about the Toronto and Vancouver housing markets and would welcome government intervention in the ... More


GTA REALTORS® Release Resale Housing Market Figures

4/5/2017 | Posted in GTA Real Estate by Michael Antczak

treb-news-8.jpg - Real Estate News

Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported 12,077 residential sales through TREB’s MLS® System in ... More


Banking head speaks out on Toronto real estate market

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

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Governments may have to impose more measures to cool Toronto’s housing market if prices remain “overheated” after the spring buying season, said Bank of Nova ... More


The Toronto housing fix: Be careful what you wish for

3/31/2017 | Posted in Toronto Real Estate by Michael Antczak

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With Toronto housing getting harder and harder to afford, governments are under pressure to “do something” – always a dangerous moment. Several ideas are ... More


Toronto house prices may jump 25% this year: Report

3/27/2017 | Posted in Toronto Real Estate by Michael Antczak

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Toronto’s housing market is likely to stay strong for the rest of the year, with home prices jumping as much as 25 per cent, amid hints that speculators are fuelling ... More


$1 million GTA homes have almost doubled

3/22/2017 | Posted in GTA Real Estate by Michael Antczak

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In the first two months of 2017 there were 2,876 such sales, up from 1,548 in the same period of 2016, a top real estate brokerage reports.

... 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

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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


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