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September 14th, 2017

Numbers speak louder than words in the real estate world; many expert investors and future home buyers rely upon them to make informed decisions. These statistics are a sign of the state of the market and could help in making a buying or selling decision. Here are our 5 ways the real estate market has declined in 2017 1. In Vancouver house sales declined by 26% in August 2017 when… Continue Reading

September 14th, 2017

mortgage trends, real estate trends

August 31st, 2017

The effects of the Ontario government’s Fair Housing Plan are now being felt, and nowhere is the impact more evident than in the Greater Toronto Area. Prior to the Fair Housing Plan’s implementation, the GTA real estate market had all the characteristics of a bubble, and the Ontario government had made it clear that it needed to be addressed. These measures appear to be working, as the number of sales… Continue Reading

August 31st, 2017

government, home selling, house buying, real estate trends

June 16th, 2017

Housing prices in Ontario are declining due to new policies implemented by the Ontario Liberal government. Real estate agents in Ontario report more listings posted in Ontario and fewer people bidding for homes. According to the statistics, home prices in Toronto are 20% lower than they were one year ago. In June of last year, there were 40% fewer homes listed for sale in Ontario. A greater supply means lower… Continue Reading

June 16th, 2017

home selling, house buying, real estate trends

April 6th, 2017

Our graphics team have created this infographic to highlight some Canadian Real Estate Association estimates for 2017. This information was sourced from the CREA website and the full report can be found at www.crea.ca/news/crea-updates-resale-housing-forecast-18 Canadian Real Estate Outlook for 2017 Many homeowners in Canada are wondering if the red-hot Canadian real estate market will decline in 2017. The Canadian Real Estate Association is predicting a modest reduction in home values… Continue Reading

April 6th, 2017

real estate trends

March 14th, 2017

For many people living in Toronto, the idea of owning a home is a fantasy and becoming comfortable with renting is required to live in the city. The house bidding wars have been standard practice in Toronto for quite some time, but bidding wars for rental units are becoming common as well. Toronto’s overall condo apartment vacancy rate is 1% according to CMHC, and this is the lowest rate seen… Continue Reading

March 14th, 2017

real estate trends, rentals

January 17th, 2017

Real estate and mortgage statistics are good to know for anyone with a property in Ontario. The information can help in choosing the right mortgage product and you can use these stats to gain some insights to where the market might be headed in the future. The numbers may differ depending on your city and neighborhood but here are some real estate trends that might affect the real estate market… Continue Reading

January 17th, 2017

real estate trends

May 10th, 2016

This just in from CBC news: Average house price in Canada jumps 15% to $508,567 in March. Incredible. But is our housing market really so red hot? Is that average house price representative of what’s really going on across the country? I turned to the Canadian Real Estate Association (CREA) website to learn more. All numbers I share below are from CREA’s latest National Statistics or National Average Price Map… Continue Reading

May 10th, 2016

banks, debt, mortgage trends, real estate trends

April 19th, 2016

In past blog posts, we have looked at the increase in Toronto’s real estate prices. We even explored Why CMHC Considers the Toronto Market Risky. But what triggers a market to rise, instead of simply moving sideways or even falling? Today, let’s explore what causes overinflated house prices. Location, Location, Location I know I’ve said it before, but this real estate catchphrase is still true. Location is one of the… Continue Reading

April 19th, 2016

house buying, real estate trends

December 15th, 2015

With such high real estate prices in Toronto, it’s not surprising the CMHC thinks the market is risky. Earlier this month, the Canadian Mortgage and Housing Corporation (CMHC) once again issued warnings that certain Canadian markets are problematic. When looking specifically at Toronto, their most recent Housing Market Assessment (HMA) report shows that price acceleration and overvaluation are two factors contributing to the problematic conditions. (CMHC) Housing prices are rising… Continue Reading

December 15th, 2015

mortgage rates, mortgage trends, real estate trends

December 8th, 2015

It may only be a few weeks since Justin Trudeau and his Liberal MPs were elected, but that’s not stopping Canadians from anxiously awaiting an update on one issue that hits us right in the pocketbook: the state of Canadian real estate. Throughout the election, we’ve heard talk of the overheated Canadian housing market. Warnings are coming from all over the world. And it’s all over the news. In a… Continue Reading

December 8th, 2015

government, mortgage trends, real estate trends

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