Real Estate News, Articles, Reports, Analysys & Trends

1/27/2023 | Posted in Canada Living by Sheru Asnani
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Local officials and investigators say that the trend is especially apparent in two provinces

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Mortgage fraud on the rise in major markets

1/25/2023 | Posted in Canadian Economy and Interest Rates by Sheru Asnani
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The Bank of Canada on Wednesday hiked its key interest rate to 4.5%, the highest level in 15 years, and became the first major central bank fighting global inflation to say it ... More

Bank of Canada hikes rates, becomes first major central bank to signal pause

1/25/2023 | Posted in Mortgage News by Sheru Asnani
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Canada’s national arrears rate ticked up from its all-time low in October, according to data from the Canadian Bankers Association.

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Arrears rate rises from its all-time low

1/24/2023 | Posted in Interest Rates by Sheru Asnani
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The Federal Reserve and Bank of Canada can afford to pause interest-rate increases now because inflation pressures are easing rapidly, according to a Bank of Montreal ... More

Fed and Bank of Canada have reason to pause hikes, says strategist

1/20/2023 | Posted in Canadian Economy and Interest Rates by Sheru Asnani
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Economists don't believe the Bank of Canada is ready to hit the brakes on its interest rate-hiking cycle just yet, even as signs grow that inflation is easing and the ... More

BoC expected to deliver eighth consecutive rate hike, but it's probably the last one

1/19/2023 | Posted in Rental Market by Sheru Asnani
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New report highlights rent rate movements in major urban markets

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Canada rent prices - what's the latest?

1/19/2023 | Posted in Home Owners by Sheru Asnani
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An increasing number of Canadians appear to be tapping into their homes for extra cash.

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More Canadians turning to reverse mortgages amid savings crunch

1/16/2023 | Posted in Canadian Housing Market by Sheru Asnani
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Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were up on a month-over-month basis in December 2022.

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Canadian home sales edge up to end 2022

1/14/2023 | Posted in Canadian Housing Market by Sheru Asnani
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Home prices in Canada likely won't drop much further due to the country's ongoing shortage of new homes, even as rising interest rates curb some demand in the market, ... More

Home prices are falling, but likely won't fall much further thanks to housing shortage: CMHC deputy chief economist

1/13/2023 | Posted in Mortgage News by Sheru Asnani
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Canada's banking regulator has unveiled three new regulatory proposals that could further restrict mortgage lending pending a just-launched consultation period.

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OSFI proposes new mortgage restrictions

1/13/2023 | Posted in Canadian Housing Market by Sheru Asnani
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National aggregate home price posts single-digit year-over-year decline in Q4 over 2021; double-digit growth compared to 2020 and 2019

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Canada ends 2022 with modest decline in national aggregate home price; prices remain well above pre-pandemic levels

1/11/2023 | Posted in Canada Living by Sheru Asnani
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The federal government is offering a new tax credit to help make it easier for Canadians to care for adult relatives in their own homes.

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Federal tax credit for multi-generational home renovations now available to Canadians

1/11/2023 | Posted in GTA News by Sheru Asnani
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Municipalities in the GTA may see property tax hikes from 5% to 100% in the next year following the provincial government’s implementation of the More Homes Built Faster ... More

GTA municipalities respond to More Homes Built Faster with rate hikes up to 100%

1/11/2023 | Posted in Ontario News by Sheru Asnani
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Homeowners and renters in Ontario pay some of the most expensive fees across the country, but a few cities in the province have more affordable prices.

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These Ontario cities offer the lowest housing fees in the province: report

1/11/2023 | Posted in Commercial Real Estate by Sheru Asnani
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In a new analysis of the Canadian commercial real estate market, the firm sees some potential for investors despite economic headwinds

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Canadian CRE is an opportunity, but risk is elevated says Morguard

1/3/2023 | Posted in Mortgages and Real Estate by Sheru Asnani
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Despite a strong start to the year, real estate in 2022 was largely defined by a lack of affordability, spurred by one of the most polarizing interest rate hike cycles in Bank ... More

What to Expect From Canadian Real Estate in 2023

1/4/2023 | Posted in Foreign Buyers by Sheru Asnani
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Is federal policy the answer to the country's years-old housing affordability crisis?

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Canada's two-year housing ban on foreign homebuyers takes effect

1/4/2023 | Posted in GTA Condo Market by Sheru Asnani
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Price corrections, launch delays and changing expectations are marking the first quarter of this year, and developers may want to get rid of balconies to save costs this ... More

Balconies, prices and launches - oh my! Condo predictions for 2023

1/3/2023 | Posted in Canada Living by Sheru Asnani
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New immigration numbers show Canada has again set a record for permanent residents, welcoming 431,645 new permanent residents in 2022. What are the effects of the current ... More

Canada welcomed record number of immigrants in 2022

1/3/2023 | Posted in Commercial Real Estate by Sheru Asnani
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The Greater Toronto Area multi-residential investment market markedly decelerated over the course of 2022, according to Avison Young.

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How is GTA multi-residential investment faring?

12/23/2022 | Posted in Commercial Real Estate by Sheru Asnani
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Colliers report reveals insights from global investors' survey conducted in October and November

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Which CRE assets are the best options for 2023?

12/22/2022 | Posted in Foreign Buyers by Sheru Asnani
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Starting in the new year, foreign commercial enterprises and people will be prohibited from purchasing residential properties in Canada for two years.

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Regulations for ban on foreign homebuyers announced, law coming into effect Jan. 1

12/21/2022 | Posted in Canadian Economy and Interest Rates by Sheru Asnani
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The end of the central bank's rate hikes may be imminent – a development that could be a welcome boost for homebuyers

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Could the latest BoC announcement stabilize Canada's housing market?

12/20/2022 | Posted in Home Buyers by Sheru Asnani
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High home prices and rising interest rates over the course of 2022 have made it significantly harder for buyers to qualify for the average mortgage.

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A $200,000+ income is now needed to qualify for an average mortgage in Toronto & Vancouver

12/19/2022 | Posted in Rental Market by Sheru Asnani
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The cost of rent in Canada has been on an uptrend since the pandemic, and in November reached an average of $2,024. That’s a 12% jump since last year and up 2.5% since ... More

The average rent in Canada has surpassed $2,000

12/15/2022 | Posted in Home Buyers by Sheru Asnani
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Canada's banking regulator confirmed today it will leave the mortgage stress test for uninsured mortgages unchanged.

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OSFI leaves mortgage stress test unchanged

12/15/2022 | Posted in Canadian Housing Market by Sheru Asnani
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Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were down on a month-over-month basis in November 2022.

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Canadian home sales edge down from October to November

12/8/2022 | Posted in Canadian Economy and Interest Rates by Sheru Asnani
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"This is a significant difference in language, basically telling you that the Bank is willing to stop at this point if the data behaves"

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Bank of Canada could be done on hikes for now: CIBC's Tal
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