5/17/2018 | Posted in Rental Market by Michael Antczak
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The cost of renting an apartment is climbing rapidly in many of Canada's largest cities, led by Toronto and nearby places, new data shows. ... More

Real Estate & Mortgage News

  5/16/2018 | Posted in Home Buyers by Michael Antczak
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First-time home buyers already struggling with more stringent mortgage rules have been dealt another blow by an increase this week in the Bank of Canada’s five-year mortgage ... More

Real Estate & Mortgage News

  5/16/2018 | Posted in Canadian Housing Market by Michael Antczak
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The decline in national home sales reported Tuesday by CREA is “disappointing” says TD Economics. ... More

Real Estate & Mortgage News

  5/15/2018 | 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 fell from March to April 2018. ... More

Real Estate & Mortgage News

  5/14/2018 | Posted in Luxury Real Estate by Michael Antczak
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Luxury home prices across Canada have remained “relatively resilient” this year so far despite lower sales in the Greater Toronto Area (GTA) and Greater Vancouver, ... More

Real Estate & Mortgage News

  5/14/2018 | Posted in Canadian Housing Market by Michael Antczak
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After a flat March, the Teranet–National Bank National Composite House Price Index ™  rose 0.2% in April. In the 20-year history of the index, it was the ... More

Real Estate & Mortgage News

  5/9/2018 | Posted in Canadian Housing Market by Michael Antczak
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Almost six in 10 Canadian millennials are already homeowners, with more of this age group planning to buy a home in the next two years, according to a Genworth Canada survey ... More

Real Estate & Mortgage News

  5/8/2018 | Posted in Canadian Housing Market by Michael Antczak
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The trend in housing starts was 225,696 units in April 2018, compared to 226,942 units in March 2018, according to Canada Mortgage and Housing Corporation (CMHC). This trend ... More

Real Estate & Mortgage News

  4/30/2018 | Posted in First Time Home Buyers by Michael Antczak
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The home-purchasing power of ‘peak millennials’ aged 25-31 has diminished by around $40,103 (16.5%) since the introduction of the OSFI stress test at the start of ... More

Real Estate & Mortgage News

  4/27/2018 | Posted in Canadian Housing Market Predictions by Michael Antczak
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The risk of a housing market downturn over the next 12 months remains low – but the probability has slightly increased because of volatility introduced by the recently ... More

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  4/26/2018 | Posted in Canadian Housing Market by Michael Antczak
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Canada's housing market overall remains highly vulnerable for the seventh consecutive quarter mainly due to evidence of overvaluation and price acceleration observed in Census ... More

Real Estate & Mortgage News

  4/24/2018 | Posted in Canadian Economy and Housing Market by Michael Antczak
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The tightened mortgage underwriting rules which came into effect at the start of the year have contributed to a slower start for the Canadian economy. ... More

Real Estate & Mortgage News

  4/15/2018 | Posted in Home Buyers by Michael Antczak
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A recent survey conducted found that a growing proportion of Canadian homebuyers reported feeling pinched by the stress tests which came into effect January 2018. ... More

Real Estate & Mortgage News

  4/12/2018 | Posted in Canadian Housing Market by Michael Antczak
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The Teranet–National Bank National Composite House Price Index™  was unchanged in March – the first time outside a recession when the March composite index ... More

Real Estate & Mortgage News

  4/10/2018 | Posted in Canadian Housing Market by Michael Antczak
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The trend in housing starts was 226,842 units in March 2018, compared to 225,804 units in February 2018, according to Canada Mortgage and Housing Corporation (CMHC). This ... More

Real Estate & Mortgage News

  4/5/2018 | Posted in Home Buyers by Michael Antczak
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The results of a fresh study conducted by Royal Bank of Canada showed that fully 32% of Canadians are likely to buy a home in the next two years (up by 7% from last ... More

Real Estate & Mortgage News

  3/26/2018 | Posted in Canadian Housing Market by Michael Antczak
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Multiple factors including new mortgage rules and increasing interest rates made themselves felt in the Canadian housing market in February as prices declined in 7 out of 11 major ... More

Real Estate & Mortgage News

  3/25/2018 | Posted in Canadian Housing Market Predictions by Michael Antczak
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Canada's housing market is getting a big helping hand from house-hungry millennials, but that will come to an end in the next several years, bringing with it an era of ... More

Real Estate & Mortgage News

  3/19/2018 | Posted in Mortgages and Real Estate by Michael Antczak
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Canada’s uninsured mortgage market reached an eight-year high in January as government steps to reduce taxpayer exposure to the housing market gain traction, according to ... More

Real Estate & Mortgage News

  3/15/2018 | 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 declined further in February 2018. ... More

Real Estate & Mortgage News

  3/14/2018 | Posted in Canadian Housing Market by Michael Antczak
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The Royal Bank of Canada (RBC) expects economic growth to slow down this year amid looming interest rates hikes and lower consumer spending. Its latest economic outlook pegs gross ... More

Real Estate & Mortgage News

  3/5/2018 | Posted in Mortgages and Real Estate by Michael Antczak
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Canada’s economy decelerated more than expected in the second half of last year, amid signs indebted households have begun slowing down spending. ... More

Real Estate & Mortgage News

  2/20/2018 | Posted in Canadian Housing Market by Michael Antczak
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The slow down in the Canadian housing market seen late in 2017 is likely to get worse before it improves according to RBC Economics. ... More

Real Estate & Mortgage News

  2/15/2018 | 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 fell sharply in January 2018. ... More

Real Estate & Mortgage News

  2/14/2018 | Posted in Canadian Housing Market by Michael Antczak
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In January the Teranet–National Bank National Composite House Price Index™  rose 0.3% from the previous month, a tic higher than the historical average for ... More

Real Estate & Mortgage News

  2/9/2018 | Posted in Canadian Housing Market by Michael Antczak
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Nearly 10% of mortgages issued in Vancouver and Toronto in 2016 went to non-permanent foreign residents aged under 25 years old, according to the Canada Mortgage and Housing ... More

Real Estate & Mortgage News

  1/25/2018 | Posted in Canadian Housing Market by Michael Antczak
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Canada remains one of the bright stars in the global real estate market despite a slowdown in 2018. ... More

Real Estate & Mortgage News

  1/22/2018 | Posted in Canadian Housing Market by Michael Antczak
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Canada’s real estate market will hit a slow patch in 2018 as tighter mortgage stress tests apply pressure and the impact could be exacerbated if an expected interest rate ... More

Real Estate & Mortgage News

  1/15/2018 | 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 continued to climb in December 2017. Home sales posted their fifth ... More

Real Estate & Mortgage News

  1/12/2018 | Posted in Canadian Housing Market by Michael Antczak
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In December the Teranet–National Bank National Composite House Price Index™  edged up 0.2% from the previous month, interrupting a three-month run of ... More

Real Estate & Mortgage News