Real Estate News & Articles

7/13/2020 | Posted in Mortgages and Real Estate by Michael Antczak
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Renewal and refinance activity has spiked since lockdowns were lifted according to a recent report. ... More

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7/9/2020 | Posted in Canadian Housing Market Predictions by Michael Antczak
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Strong June home sales data from Toronto and Vancouver finally gave wary homebuyers and industry professionals the dose of good news that they’d sorely needed. ... More

Real Estate & Mortgage News

7/9/2020 | Posted in Financial Health by Michael Antczak
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Canadian household debt has shown relatively muted increases despite growth in the mortgage segment, according to data from the central bank. ... More

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7/9/2020 | Posted in Commercial Real Estate by Michael Antczak
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A significant fraction of Canadian business tenants are expecting their revenues to bounce back to pre-pandemic levels within 12 months, according to a recent survey by the Bank ... More

Real Estate & Mortgage News

7/8/2020 | Posted in Toronto Real Estate by Michael Antczak
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Toronto’s real estate market appears to be roaring back to life, but some housing industry observers believe prices are being propped up by a combination of government ... More

Real Estate & Mortgage News

7/7/2020 | Posted in Toronto Real Estate by Michael Antczak
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Greater Toronto Area home sales are rebounding from the COVID-19 pandemic and prices are on the rise, but completed transactions are still short of where they were last year, the ... More

Real Estate & Mortgage News

7/7/2020 | Posted in Toronto News by Michael Antczak
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Toronto city council voted to make masks mandatory in enclosed, public places last week following recommendations from the medical officer of health. Most of the GTA is moving in ... More

Real Estate & Mortgage News

7/7/2020 | Posted in GTA Real Estate by Michael Antczak
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Toronto Regional Real Estate Board President Lisa Patel announced that Greater Toronto Area REALTORS® reported 8,701 sales through TRREB’s MLS® System in June 2020. ... More

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7/6/2020 | Posted in Financial Health by Michael Antczak
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Data from the Office of the Superintendent of Bankruptcy Canada (OSB) revealed that federal fiscal support and payment deferrals are helping households retain their purchasing ... More

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7/6/2020 | Posted in Real Estate Tax Evasion by Michael Antczak
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The Canada Revenue Agency has announced that it will be taking a closer look at real estate transactions in the United States to search for Canadians with hidden income. ... More

Real Estate & Mortgage News

6/30/2020 | Posted in Mortgages and Real Estate by Michael Antczak
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While mortgage rates have been tumbling steadily over the last couple of months, many are now in record-setting territory, with certain 1- to 5-year fixed rates now available for ... More

Real Estate & Mortgage News

6/24/2020 | Posted in Canadian Housing Market Predictions by Michael Antczak
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Canada Mortgage and Housing Corp. expects a drop in home prices in the country’s biggest cities amid “severe declines” in home sales and construction. ... More

Real Estate & Mortgage News

6/23/2020 | Posted in Mortgage Interest Rates by Michael Antczak
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Low interest rates will be the norm for the foreseeable future, Bank of Canada Governor Tiff Macklem said earlier this week. ... More

Real Estate & Mortgage News

6/16/2020 | Posted in Commercial Real Estate by Michael Antczak
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Market pause from COVID-19 will likely result in a drop-off in Canadian investment activity for the remainder of the year, although it’s still too early to tell. ... More

Real Estate & Mortgage News

6/15/2020 | Posted in Canadian Housing Market by Michael Antczak
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Statistics released today by the Canadian Real Estate Association (CREA) show national home sales and new listings were up noticeably in May 2020 compared to April, though still ... More

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6/13/2020 | Posted in Financial Health by Michael Antczak
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The ratio of debt to disposable income peaked in 2017 at 178 per cent but it is currently just shy of that level. ... More

Real Estate & Mortgage News

6/12/2020 | Posted in Commercial Real Estate by Michael Antczak
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The commercial segment will likely lose a significant portion of its tenant base, with small businesses being forced to go online, according ... More

Real Estate & Mortgage News

6/12/2020 | Posted in Mortgages and Real Estate by Michael Antczak
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Many Canadians will attempt to purchase new homes before the adjusted rules take effect on July 1. ... More

Real Estate & Mortgage News

6/10/2020 | Posted in Ontario Real Estate by Michael Antczak
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Ontario is replete with markets that are still ripe for investment despite the market impact of COVID-19, according to RE/MAX. ... More

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6/10/2020 | Posted in Commercial Real Estate by Michael Antczak
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Commercial rent collection will not immediately resume at its previous pace even after businesses nationwide have restarted their operations, according to Colliers Canada. ... More

Real Estate & Mortgage News

6/8/2020 | Posted in New Developments by Michael Antczak
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The trend in housing starts was 196,750 units in May 2020, down from 198,644 units in April 2020. ... More

Real Estate & Mortgage News

6/5/2020 | Posted in Rental Market by Michael Antczak
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Ontario is lifting restrictions on short-term rentals today. ... More

Real Estate & Mortgage News

6/4/2020 | Posted in Home Buyers by Michael Antczak
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Canada’s housing agency is tightening rules to make it more difficult for higher-risk borrowers to qualify for mortgage insurance. ... More

Real Estate & Mortgage News

6/3/2020 | Posted in Canadian Economy and Interest Rates by Michael Antczak
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The Bank of Canada held its benchmark interest rate steady at 0.25 per cent on Wednesday and said it thinks the economic impact of COVID-19 on the world's economy ... More

Real Estate & Mortgage News

6/3/2020 | Posted in GTA Real Estate by Michael Antczak
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GTA REALTORS® reported 4,606 sales through TRREB’s MLS® System in May 2020. This result was down by 53.7 per cent compared to May 2019. While the number of sales was ... More

Real Estate & Mortgage News

6/1/2020 | Posted in Canadian Economy and Interest Rates by Michael Antczak
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A new survey of 15 economists from Canadian banks, financial institutions and academia suggest that 0.25% interest rate could be around for more than a year, maybe two. ... More

Real Estate & Mortgage News

6/1/2020 | Posted in Canada Living by Michael Antczak
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COVID-19 has "for all intents and purposes shut down immigration." ... More

Real Estate & Mortgage News

6/1/2020 | Posted in GTA News by Michael Antczak
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The Yonge North Subway Extension, the 7.4 kilometre extension of TTC's Line 1 (Yonge University) to Richmond Hill, looks like it will be moving forward in what will be a boon ... More

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