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3 Small Appliances Worth Having (Even If You Have A Tiny Kitchen)

When you have a small kitchen, you can't afford to have appliance regrets - here are a few with lasting power.

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Calls For A Vacancy Tax In Toronto + The Rebound Continues

In Toronto: A photographic study leads to calls for a vacancy tax on empty properties and how many months' rent does it take to buy a condo? 

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How to Check if a Toronto Home is Heritage Property - And Why It Matters

Why it's important to know whether a home has heritage designation before you buy - and how to check.

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What’s Driving Toronto & Area Housing Market Surge (This Time)

Why momentum is swinging back to the regions - and types of homes - that were hit hardest in last few years.

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Should Canadian Variable-Rate Borrowers Lock in Now?

Variable-rate mortgage borrowers are understandably wondering whether to convert to today’s lower five-year fixed rates. But should they?

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Top 5 Playroom Must-Haves

One of the trickiest rooms to get right in smaller homes is the kid's playroom - here's how to do it.

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Home Prices Rise In October + Pharrell Joins The Toronto Condo Scene

In Toronto: Home prices rise October on the back of a growing population and strong economy, plus Pharrell brings some star power to the Toronto condo scene. 

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Are Condo Units Really Sitting Empty in Toronto?

An investigation into the claim that thousands of Toronto investor-owned condos are sitting empty.

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The Bank of Canada Didn’t Cut Its Rate Last Week, But It Likely Will Soon

Why the variable interest rate may soon join the fixed interest rate - and start falling.

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Top 4 Benefits of Kids Sharing A Bedroom

Worried about making your children share a bedroom? Why creating a successful shared environment may actually benefit them more.

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Tarion Puts Builders Ahead of Homebuyers + Secrets Of The World's Most Liveable City

In Toronto: The province's auditor general lays into Tarion for putting builders ahead of homebuyers and a seven step plan to create affordable housing. 

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Why Electronic Voting is Clicking with Condo Owners

Given how pervasive condos are to city living, why are so many unit owners out of touch with how condos are managed?

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Condo Sales Up 16% in Toronto Area at Start of Fall Market

All Toronto area regions saw sales grow by double digits - except for Halton.

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How Savvy Canadians Are Saving Thousands on Their Mortgages

Why you may want to prioritize flexibility when it comes to your fixed-rate mortgage right now.

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Living with Kids in a Condo

Why you don't need to live in a bigger space just to keep up with the Joneses - or to thrive as a family.

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What A Liberal Minority Will Mean For Housing + A Fickle Toronto Market

In Toronto: The city backs the Liberals, but what will Toronto get back and a fickle housing market leads to lowball offers. 

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What Does the Federal Election Result Mean for Canadian Real Estate?

Why the returning Liberal Government's first-time buyer incentives are unlikely to make much of a difference - and what policy changes would.

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City Sending Mixed Signals on Tackling Housing Shortage

If the city of Toronto was serious about tackling the housing shortage, why would it charge Toronto homeowners $300,000 to legalize three bachelor apartments in their house?

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How to Avoid Buying a Home With Illegal Parking

In the City of Toronto, homes are currently being advertised for sale with front pad parking spots that need to be registered to be considered legal.

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Why Are Canadian Fixed Mortgage Rates Rising Again?

Canadian fixed mortgage rates continued to rise last week.

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The Scramble To Downsize + Where Federal Parties Stand On Housing

In Toronto: Baby boomers scramble for properties as they seek to downsize and a decision on Airbnb looms. 

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If the Bank of Canada Delays Interest-Rate Cuts, It Won’t Be for This Reason

Stuck between a slowing U.S. economy and the risk of fuelling Canadian consumer indebtedness, officials have another reason to delay a rate cut.

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Tough Times For Toronto's Young + Another Real Estate IPO

In Toronto: Home prices and rents expected to rise in a red-hot market as Under-35s are being left behind. 

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Toronto Area Detached Home Sales Were Up 29% in September

Toronto's fall real estate market opened with continued demand for detached homes throughout the Toronto area, with York Region leading the way.

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Falling U.S. Bond Yields Likely to Push Canadian Mortgage Rates Lower

As the U.S. economy starts to stall, will Canadian variable-rate borrowers see their first drop in four years?

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House Price Rise + Toronto Is World's Second Most Overvalued Market

In Toronto: Housing market posts biggest price gain in nearly two years as the city is now the world's second most overvalued property market according to UBS. 

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How to Avoid Buying a Badly Flipped Home

Toronto's booming real estate market and our love of tv reno shows has made the "flip" - a quickly renovated home - part of our everyday vocabulary, but it poses unique risks...

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Five Changes to Help Canada’s Housing Affordability Crisis

As Canadians head to the polls for the federal election, here are the policies they should be looking for.

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Cautious Fall for Toronto Buyers + Federal Housing Plans Miss Mark

In Toronto: Home buyers flood the fall market but they remain cautious and a new report indicates a crisis in the rental housing supply. 

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Why the Bank of Canada Will Likely Match the U. S. Fed’s Next Rate Cut

Converging U.S. and Canadian economies makes a variable-rate cut more likely this December. 

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The Housing 'Birth Year Lottery' + Toronto Home Prices Push Up National Forecast

In Toronto: Real estate 'birth year' lottery separates haves from have-nots, Toronto home prices push up the national forecast and a risky condo project in Yorkville.

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Shared Maple Tree Pits Neighbour Against Neighbour in Court Battle

More Canadian than Toronto neighbours arguing about building an addition on a house? Arguing about a shared maple tree.

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How Building Permit Data Can Help You Avoid Buying a Problem Home

What are building permits - and how can they help  you avoid buying homes with major problems?

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Will the Recent Bond Yield Run-up Push Canadian Mortgage Rates Higher?

While fixed rates seem likely to go up in the short-term, home buyers locking in rates now should ask lenders what will happen if rates fall before they move in.

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Mistrust in Toronto Rental Market + The Young and Property-Less Vote

In Toronto: As condos sales continue to boom, landlord and renter antagonism is on the rise.

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Does First Canadian Title Live Up to its Marketing Promises?

Owner stuck with $25,000 in court costs over cottage’s pre-existing issues - in spite of paying for title insurance.

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How to Avoid Hidden House Problems

Use the latest in data technology to avoid being surprised by these common but ‘invisible’ house problems.

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The Bank of Canada’s Surprising Announcement

While the Bank of Canada sees a rocky economic outlook ahead, it didn't cut rates - yet.

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Supply Shrinks + One-Bedroom Rentals Soar Rise To New Heights

In Toronto: Sales in the suburbs are up and the average cost of a one-bedroom rental reaches new and disturbing heights. 

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Toronto Condo Listed 70 Times on the Market Over Six Years - Without Selling

I've seen many interesting things in Toronto's real estate market over the past twenty years, but recently came across one of the oddest things I've ever seen.

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Toronto Suburbs Drive Home Sales up 13% in August

August home sales in the Greater Toronto (GTA) area were up 13% over the same month last year based on Realosophy Realty's analysis of sales through the Toronto Real Estate...

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Why Inflation Worries Shouldn’t Delay the Bank of Canada’s Rate Cut

Will rising inflation prevent the Bank from cutting its policy rate at its next meeting on September 4?

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Signs Of Life In The 905 + Inside Canada's Rental Crisis

In Toronto: Signs of life in the 905 housing market after a soggy spring and startling price jump in neighbourhoods over five years. 

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Denmark Introduces the First Mortgage with a Negative Interest Rate

While Canadian interest rates are likely to go lower, we'd be wrong to envy Danish-style negative interest rates.

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Why the Bank of Canada Should Cut its Policy Rate at its Next Meeting

The Bank of Canada likely overtightened during its last cycle - will it have to cut rates now that the world economy is slowing?

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Seniors Stay Put, Limiting Supply + House-Building Jobs Fall In Ontario

In Toronto: Sales are up so why are detached house prices falling, seniors staying put and construction workers feel the start of home building slowdown.

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Why Are Detached House Prices Falling When Sales Are Up 29%?

Toronto area detached home sales in continued to surge in last month - so why are prices falling?

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Why Did Markets React as if the U.S. Fed Raised Rates Last Week?

Though the U.S. rate cut last week didn't spur the expected market reaction, it means that Canada mortgage rates will likely stay steady - or lower.

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Chasing Summer Deals in Toronto + Are Low Interest Rates New Global Norm?

In Toronto: Is the summer a good time to look for real estate deals in Toronto, Toronto insists Ottawa include affordable housing when selling off land and a Toronto renter...

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A Jolt for Joint Property Owners in Ontario

Joint ownership of a home in Ontario has meant that a surviving owner becomes the sole owner - but now?

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The County Report: Existing Home Sales Down, Prices Up in Q2

With key housing metrics giving a mixed message on demand in Prince Edward County in the second quarter of the year, new home sales continue to climb.

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Will Lenders Someday Be Paying Us to Take Out A Mortgage? (Don’t Wish For It)

Why we might be excited by the prospect of negative yield bonds - and interest-free or lower mortgages - they would be bad news.

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Why Torontonians Are Moving Less + Hong Kong Eyes Canadian Property

In Toronto: Torontonians moving less due to fewer options, bidding wars return, and the condo poo-poo problem.

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The Mortgage Qualifying Rate Finally Drops, But Without Rhyme or Reason

A key 'stress test' faced by Canadian mortgage borrowers has been slackened - but more changes are required to increase affordability beyond a few thousand dollars.

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Housing Development Dips In Toronto + Mortgage Stress Test Gets Easier

In Toronto: New housing development applications dip under Ford government and how to maintain neighbourhood populations as families grow smaller?

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Analyzing Canada's Housing Market: East Strengthens, West Weakens

Why are house prices sliding in the West of Canada, while the East returns to growth, with the Toronto Area's York Region leading the way?

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The Bank of Canada (Surprisingly) Opts for Caution

The Bank of Canada left its policy rate unchanged at 1.75% last week as expected - and finally opts for caution over optimism.

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Toronto Home Sales Up, Condos Down + What's Driving Up Canada Home Prices?

In Toronto: Home sales up by 19%, condo sales dip 3% and are luxury home sellers opting out of MLS. 

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Toronto Area Condo Sales Dip 3% in June

Toronto area condo prices are now out of reach for many buyers, pushing sales down - so what's keeping prices up?

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Toronto Area Detached Home Sales Up 19% in June

Strong demand continues with sales up 19% over the same month last year, but why aren't we seeing the bidding wars of previous years?

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The Loonie’s Power (and Its Constraining Impact)

Why export-oriented Canada balances its fight against inflation against the need for a competitive dollar.

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Investors Own 33% Of Toronto Condos + Home Sales Surge

In Toronto: Home sales and condo prices increase, one in three condos are investor owned, and why first-time buyers should think twice about buying cottages to get on the...

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Toronto Debates Sidewalk Lab's Plans + Moving Day In Montreal

In Toronto: Amidst Pride celebrations, debates about Google-affiliated Sidewalk Labs waterfront plans dominate the real estate conversation.

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Will the Bank of Canada Lag the U.S. Federal Reserve on Rate Cuts?

The Canadian economy's most recent inflation numbers mean a rate cut is less likely - unless the U.S. Fed forces the Bank of Canada's hand.

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Why Listing Your Place On Airbnb Could Be Trouble + Berlin Fights Gentrification

In Toronto: The feds say GTA first-time homebuyers can still benefit from mortgage program despite $560,000 cap

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A Good Co-Housing Agreement is Key for Co-Buyers

High real estate prices are inspiring more creative buying arrangements between even casual acquaintances - but it's important to proceed carefully.

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Why are Detached Home Sales Booming in York Region?

York Region detached homes were the hardest hit by a bubble in 2017 - so why are sales booming again?

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When You’ve Got the Keys to Your New Home But the Sellers Haven’t Left

What happens when sellers are late moving out? 

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The Test Stressing Toronto + Canada's Dirty Money Problem

In Toronto: Are mortgage stress tests making the housing crisis worse in a market with price-sensitive buyers?

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A Turning Point for Toronto’s Condo Real Estate Market?

Condos have helped to prop up a drooping real estate market in the Toronto area - but has demand for them started to cool?

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What Our Inverted Yield Curve Means for Canadian Mortgage Rates

If you are keeping an eye on mortgage rates, then you have probably been reading a lot about inverted yield curves lately.

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Why the Bank of Canada and the Bond Market Still Don’t See Eye To Eye

The Bank of Canada is signalling an interest rate hike...so why is the bond market betting on a cut?

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Support for Canada Mortgage Tests + Battle Over Ontario Place Development

In Toronto: Battle over Ontario Place, renters condemn 'renoviction' and shipping containers become a community hub. (Oh, and in case you missed it, the Raptors are in the NBA...

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What Happens When You Unknowingly Buy a Home Where There Was a Murder?

Is a homeowner obliged to disclose to a potential purchaser that the house was the site of a gang murder?

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Why Buying a Home Could Be the First Step Towards a Divorce

Research shows that financial stress is among the top reasons couples get divorced. So why do we keep overspending on our homes?

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Toronto Condo Projects in Danger + Revisiting the Mortgage Stress Test

In the City: Condo projects sold since 2016 in danger and Toronto battles the province over inclusionary zoning plans. 

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Proposed System for Licensing Airbnbs in Prince Edward County

Prince Edward County announced its proposed system for licensing Airbnb’s at a packed public meeting on April 16th.

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Five Inflation Highlights with Implications for Canadian Mortgage Rates

With inflation under control, will weaker economic data mean the Bank of Canada may soon look to cut interest rates?

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Foreign Buyers Tax Impacts Greater Toronto + Spring Market Thaws

In the City: The Foreign Buyers tax is doing its job in the Greater Toronto Area while the housing market begins to thaw in May.

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New Construction Impacting Prince Edward County Real Estate

How will new home construction in Prince Edward County affect housing prices in the years to come?

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Homeowners Should Seek Legal Advice When Estate Planning

Why there is no such thing as a simple will.

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How Bank of Canada Governor Poloz Can Help Increase the Appeal of Longer-Term Mortgages

If it's healthier for the economy when more of us choose longer-term mortgages, Ottawa can do something to make this happen.

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Toronto Sales and Prices Climb + Basement Rentals Get Condo Prices

In the City: Toronto sales and prices climb but not all is not well in the 905 and some basement rentals are fetching condo-range rents.Elsewhere: Bank of Canada urges lenders...

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Why Our Latest GDP Data Make the Bank of Canada’s Latest Forecast Seem Bullish

Last week we learned that Canadian GDP contracted by 0.14% in February on a month-over-month basis.

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Jaw-Dropping 'Over Asking' Price in Toronto + Is Housing a Human Right?

In the City: Jaw-dropping 'over asking' price in Toronto, Airbnb has impact on city housing and is housing a human right?

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Bank of Canada Update: Rates to Stay Low for Longer

Have the Bank of Canada's overly optimistic forecasts actually hurt our overall economic momentum?

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Toronto's 'Ghost Hotels' + 50% of Canadians Close to Insolvency

In the City: Now even condos only in reach of Toronto's top earners and ghost hotels cast a pall over the city. Elsewhere: Half of Canadians are $200 away from insolvency, U.S...

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How Will Reduced Business Confidence Impact the Bank of Canada’s Outlook?

Will the Bank of Canada continue to shift to a more dovish outlook given latest economic developments?

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Home Sales Up In April + Toronto Is 12th Most Expensive Housing Market In World

In the City: Home sales perk up after dismal March and Toronto is named the world's 12th most expensive housing market. Elsewhere:  How private lending is distorting the...

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Your Home Isn't Selling - Now What?

What I advise home sellers to do when their home is not selling - and why it differs from the approach often taken by agents.

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Are Canadian Bond Yields About to Push Our Fixed Mortgage Rates Higher?

The five-year Government of Canada (GoC) bond yield, which our five-year fixed mortgage rates are priced on, has been on a wild ride of late.

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40% Of Canadians Live House Poor + Activists Fight Against Rising Rent

In the City: Community housing needs urgent investment from Ottawa and realtors feel the pinch in slowing market. Elsewhere:  40% of Canadians live house poor, an architectural...

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Bank of Canada Governor Poloz Dampens Rate-Cut Speculation

The Bank of Canada is downplaying expectations that its next rate move will be a cut - but it may not have as much choice as it wants.

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I Made My First Real Estate Decision When I Was 23 - And It Wasn’t a Great One

Launched this past fall, TheMindfulBroker.com aims to address a critical gap in our adult education - how to meet our basic need for housing successfully.

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Join Us at The Doll Party Fundraiser & Auction

We're inviting Move Smartly readers to be our guests at The Doll Party  exhibition & fundraising auction event at the Textile Museum of Canada on Thurs April 11th. 

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Why Toronto Is Outpacing Vancouver + Sellers Bide Their Time

In the City: Why Toronto is outpacing Vancouver and new data tweaks will paint a more accurate picture of the housing market. Elsewhere:  Canadian home prices to stay flat...

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Why is Toronto's Real Estate Market Doing Better Than Vancouver's?

Toronto is doing better at the things that matter most and was less affected by negative factors.

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Canadian Mortgage Rates Are Being Pushed Lower by Slowing U.S. Momentum

Canadian fixed mortgage rates have been on a steady downward march of late.

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Toronto and Vancouver Housing Affordability Still in Crisis + 30-Somethings Flee Toronto

In the City: Housing affordability remains in crisis and explaining the exodus out of Toronto. Elsewhere:  What Trudeau's home-buying incentive really means for Canadians, why...

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The New Bank of Justin and Bill

The Liberal Government of Canada has released a budget that seeks to help beleaguered first-time buyers - but will it help?

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Trudeau Targets Millennials With Housing Plan + Dirty Money Drives Up Real Estate In TO

In the City: Dirty money is driving up real estate prices according to one report and developers cancel another sold-out project. Elsewhere: Trudeau targets millennials with...

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Fixed- Versus Variable-Rate Mortgages: Is the Reward Worth the Risk?

A variable-rate mortgage sounds like a slam dunk in the current environment, but it may not be.

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Housing Still Unaffordable As Prices Drop + Canadians Doubt Gov Can Help

In the City: Toronto Community Housing dispute continues while middle-class homebuyers embrace modernist architecture. Elsewhere: Canadians don't think policy alone will solve...

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Be Careful When You Review Property Purchase Agreements

What happens when there is a significant discrepancy between the way a home is described on an MLS listing vs. the Agreement of Purchase and Sale?

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The Case for Lower Canadian Mortgage Rates

Given conflicting economic data, will the Bank of Canada raise or lower rates?

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Sidewalk Labs Threatens To Walk + Home Prices Inch up

In the City: Sidewalk labs threatens to walk and Toronto home prices inch upwards. Elsewhere: Are current Canadian mortgage rules too strict, a Californian town takes on...

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A Shared Driveway Leads to a Costly Court Case

Special issues can arise from shared driveways and other shared property points. 

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Will the Bank of Canada End Rate-Hike Speculation?

Will the Bank of Canada put an end to rate hike speculation when it meets this week?

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Canada House Price Growth Slows + Builder is New Toronto Housing Czar

In the City: Majority of Torontonians want city to have more say in housing issues and new czar tackles affordable housing. Elsewhere: Canada deals with a sluggish GDP, Oregon...

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What the Bank of Canada Governor Wants - and What He Needs

Bank of Canada Governor Stephen Poloz way want higher rates, but he needs stable inflation.  

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Outside-The-Box Ideas For Toronto Housing + Money Laundering Hurts Affordability

In the City: Outside-the-box ideas for Toronto housing and Community housing CEO gets the boot amid controversy.Elsewhere: Banks set to reveal earnings in Canada, money...

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Toronto Housing Innovation Needed + UK Experts Call for Empty Home Tax

In the City:  Does Toronto need more housing innovation and Mayor John Tory's plan for affordable housing. Elsewhere: Disruptive U.S. online brokerage launches in Canada and...

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Why the Bond Market Yawned at Canada’s Jobs Boom

The Canadian economy added 66,800 new jobs in January vs. 8,000 expected - so why aren't our mortgage rates impacted?

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Alarm Over Toronto's Housing Crunch + Overvaluation Warning Backtrack

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What the U.S. Fed’s Dovish Shift Means for Canadian Mortgage Rates

A key policy statement from south of the border suggests that our mortgage rates are unlikely to rise in Canada.

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Province Tells City To Allow More Home Building + Affordability Plan Approved

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‘Idiotic’ Toronto Policy Stymies Mayor’s Affordable Housing Plan

Toronto’s own zoning regulations are standing in the way of its goal to create 40,000 affordable housing units.

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Update on the Bank of Canada’s Worry List

Will the latest in the trouble spots of Canadian oil prices, house prices and global trade policy change the Bank of Canada's intention to hike rates?

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Toronto Makes Affordable Housing Progress + Greenbelt Development Reversal

In the City: Has Toronto found a better way to build affordable housing and Ontario reverses Greenbelt development plan. 

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Toronto Real Estate in 2019:  The Good, the Bad and the Ugly

The good, the bad and the ugly details that might impact Toronto’s housing market in the year ahead.

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Toronto Condo Market to Worry Investors, Ease for Renters?

In the City: What's in store for the Toronto condo market and politicians tackle the problem of (their own) high rents.

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Should You Rent to Save More to Buy a Home?

Is renting until you can save more money the sure-fire solution for an expensive housing market that it seems?

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The Glaring Omission in the Bank of Canada’s Latest Forecast

Has the Bank of Canada rushed too far in front of an uncertain economy?

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TO Home Sales Fall To 10-Year Low + Airbnb Drains Housing Market

In the City: Home sales fall to 10-year low, the luxury market is expected to weather the storm and Airbnb is accused of draining housing stock. 

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Did Toronto’s Housing Market Have a Soft Landing?

A soft landing in the housing market is a moderate and relatively balanced decline in house prices rather than a big 40-50% crash that some housing markets experience when...

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2019 Canadian Mortgage Rate Forecast: Look Out Below

 Frothy economic hopes are dissipating, making future mortgage rate increases unlikely.

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Toronto New Build Home Prices Drop + Condo Party To Sober Up

In the City: Toronto new build home prices post biggest 12-month drop since '96 and is the Condo part going to sober up? 

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Will the U.S. Fed Sooth Nerves or Stay the Course?

The U.S. Federal Reserve is widely expected to hike its policy rate by another 0.25% when it meets this Wednesday. The question that is being actively debated is whether it...

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Canadian Mortgage Rates Aren’t Headed Higher After All

Just like that, all of the dire warnings about rapidly rising Canadian mortgage rates disappeared faster than cookies and carrots on Christmas Eve. 

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Toronto Home Prices Rise + Hyper-Concentration Of Jobs Downtown

In the City: Toronto home prices continue to rise and what the hyper-concentration of jobs downtown means for housing. 

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Will the Bank of Canada Pivot This Week? (Hint: It Should)

The Bank of Canada, in a softening of its stance, is not expected to raise its policy rate this week so variable mortgage rates should hold steady - and perhaps start falling...

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T.O. Real Estate Vulnerable To Money Laundering + Dark Side Of Housing Boom

In the City: Toronto real estate is vulnerable to money laundering and the dark side of the housing boom. 

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Will Last Month’s Inflation Rise Lead to Higher Canadian Mortgage Rates?

The Bank of Canada (BoC) is caught between a rock (rising inflationary pressures) and a hard place (waning economic momentum).

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Rent Control Removal + Secrets Of The Four Seasons

In the City: The province introduces a rent control exemption that could hurt Toronto tenants and the secret of the Four Seasons. 

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Don't Buy a Home Without Knowing This

After studying housing markets for two decades, I have learned that making better real estate decisions is not about luck, or timing, or wealth. 

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Fixed versus Variable: Is the Five-Year Fixed Mortgage Rate Now a No Brainer?

Today’s post returns to the question that every borrower I work with loves to ask: “Should I choose a five-year fixed- or variable-rate mortgage today?"

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Commuting Costs Add Up For GTA + Toronto Suburbs See Price Decline

In the City: Commuting costs eat up house savings for many in the GTA and Toronto suburbs see major price declines. 

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Condo Owner on the Hook for Inaccurate ‘Clean’ Status Certificate

What happens when an owner receives an incorrect status certificate issued by a condominium corporation?

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Is the Bank of Canada Bullish on Pot?

The Bank of Canada continues to signal policy-rate hikes soon, but does the current economic data support additional near-term increases?

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No Break for TO Home Buyers + The Case for 30 Year Mortgages

In the City: Little relief in sight for Toronto home buyers as prices climb in October and the case for 30-year mortgages.

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Canadian Wage Growth Decelerates Again

The Bank of Canada remains on course to raise interest rates - pushing up mortgage rates - but will lagging wage growth give it pause?

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Ford's Call to Derail Energy Audits Will Benefit the Home Sale Process

The Ontario government’s decision to repeal the Green Energy Act has also changed the rules for homeowners looking to sell their properties.

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TO Home Owners Turn To Private Debt + Priced Out of East York

In the City: Home owners turn to high interest private debt, millennials are out of luck in East York and Toronto's affordable housing lottery. 

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Is It The Right Time to Downsize?

Is the market too unsettled to be considering a move?

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Toronto Home Owners Are Turning to High Interest Private Debt

Special Report: Toronto’s twenty-year housing boom has resulted in a negative side effect that homeowners are starting to feel – very high debt levels.

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How Much Higher Will Canadian Mortgage Rates Go?

The Bank of Canada has signalled that rates will continue to rise - but for how long given larger economic data trends?

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Luxury Home Sales Drop + High-End Condo Sales Are Up

In the City: Toronto luxury home sales drop, but high-end condo sales are up and condo boards grapple with cannabis rules. 

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The One Word That Determines Where Canadian Mortgage Rates Will Go

Will current optimism about Canada's economy push our mortgage rates up?

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Are Declines in House Prices Predictable?

Housing markets are notoriously difficult to predict - but data can help home buyers and sellers answer some critical questions.

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U.S. Inflation Slows - But for How Long?

If you’re keeping an eye on Canadian mortgage rates, keep your other eye focused on what is happening south of the border.

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Average Rent Hits New High + How Debt Is Cooling The Market

In the City: How debt may be the newest roadblock in the real estate market, average rent for a one-bedroom condo surpasses $2,000 and mayoral candidates continue to disagree...

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How Debt is Cooling Toronto’s Housing Market

Will the Toronto real estate market return to previously seen highs - or has a major new road block appeared?

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Prince Edward County Will Regulate Short Term Rentals

Existing rentals exempted but a freeze on new rentals to come to most popular areas.

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How Will Our New Trade Agreement Impact Canadian Mortgage Rates?

How will the new United States-Mexico-Canada trade agreement (USMCA) impact the Canadian economy - and our mortgage rates?

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TO Home Prices Tick Upward + TREB Takes Legal Aim

In the City: Home prices tick upward as market tightens and TREB takes legal aim at a brokerage. 

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Clearing the Smoke on Condo No-Smoking Rules Before Cannabis Legalization

What happens when the rights of smoking and non-smoking tenants and landlords conflict?

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The Unusual Listing Strategy That Can Maximize Your Home Selling Price

When listing your home for sale, it’s important to choose a selling strategy that is going to help you achieve your goals.

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How Will the Latest U.S. Rate Hike Impact Canadian Mortgage Rates?

Now that U.S. rates have increased - will Canadians rates mortgage rates follow?

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GTA Home Sales Shake Off Dark Period + TREB Voices Privacy Concerns

In the City: GTA home sales rebound after a dark period and TREB CEO voices privacy concerns. 

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Should Canadian Variable-Rate Borrowers Lock in Now?

After years without rate increases, variable rate borrowers may soon see an increase for the fifth time in a row - is it time to lock into a fixed rate?

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Realtors Lack Access To TREB Data + Toronto Candidates Pressed On Housing

In the City: Realtors still lack access to TREB sales data and city council candidates are asked to sign affordable housing pledge.  

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Make an Offer, but Beware — In an Uncertain market, Property Law Can Hurt You

Home buyers need to come up with the money for a winning bid - even in a declining market.

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A Look Back at The U.S. Housing Crisis Ten Years Later

An insider looks back on the impact of the 2008 U.S. subprime mortgage crisis from a Canadian perspective.

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Toronto Real Estate Board Warns Agents + Housing Price Crash Unlikely

In the City:  TREB warns real estate agents and those waiting for a Toronto house price crash likely to be disappointed. 

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Cottage Purchasers Need to Know Land Boundaries of Lakefront Property

Buyers of lakefront cottages should be aware of whether their land touches the water not only in fact but according to the registered title.

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Proposed Airbnb Regulations Coming for Prince Edward County

Buyers considering using a property  as an airbnb rental should have a viable “Plan B” based on long-term rental.

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The Bank of Canada Holds Rates Steady, But for How Long?

If the Bank of Canada has moved to responding to fast-moving incoming data, will rates really rise in late October as currently expected?

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The Movement Towards Buying Cottages Instead of Homes

Can buying in outlying areas normally thought of as 'cottage country' be a viable way to get onto the housing ladder?

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The Fight For Sold Data + Housing Market Stabilizes

In the City: Home prices rise as the housing market stabilizes following a turbulent year. 

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Why I Fought for Sold Data - and Why The Fight is Not Over

When will innovative Toronto-area brokerages like Realosophy finally be able to share home sold prices with consumers online? 

Read More

How Your Real Estate Agent Can Lose You a Deal

We offered less money and there was another offer on the table for more which the seller turned down - why?

Read More

How NAFTA Uncertainty is Impacting Canadian Mortgage Rates

Many expect the Bank of Canada to raise rates in late October - but does NAFTA uncertainty make that less likely?

Read More

TO Real Estate Board Aims To 'Protect Data' + Younger Renters to Leave?

In the City: The Toronto Real Estate Board tries to 'protect data' after losing anti-competition case and younger residents think about leaving Toronto due to high housing...

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Five Canadian Mortgage Rate Questions for the Rest of 2018

While the consensus expects another BoC rate rise in October, economic data between now and then may suggest otherwise. 

Read More

Toronto Area Sold Prices Coming Online + Brexit Hits UK Housing

In the City: End of a long legal fight means Toronto area realtors can now publish home sales data online. 

Read More

Do the Homeowners or Photographers Own the Rights to Property Photos?

When the sellers of a home hire a stager to help market and sell it, who owns the rights to the before and after photographs? 

Read More

Home Search Moves To Smaller Cities + A Push For Speculation Tax

In the City: The Toronto home search moves to smaller Ontario cities and the GTA leads Canadian home sales.

Read More

The County Report: Bright Future for Picton Harbour

Currently a "jewel in the rough," new plans for the picturesque harbour promise real change.

Read More

Banning Incentives for Real Estate Lawyers Doesn’t Serve Public

If a lawyer receives an incentive from a title insurance company for arranging a client's policy, who should get the benefit: the lawyer or the client?

Read More

Over One in Four Toronto Area Homes for Sale are Empty

Why are so many homes sitting empty and why has the number increased over last year?

Read More

Why the Latest Canadian Employment Headline Is All Hat and No Cattle

Why did Canadian bond yields, which our five-year fixed mortgage rates are priced on, finish lower in spite of a jump in new jobs?

Read More

Cottage Country Faces Toronto Influx + The World's Most Valuable Real Estate

In the City: Cottage country denizens face off with Toronto buyers and condo buyers get more space in Waterloo and Hamilton.

Read More

Five Mortgage-Rate Related News Highlights from Last Week

Here are five news items from last week that should be of interest to anyone keeping an eye on Canadian mortgage rates.

Read More

The County Report: Best Selection Ever for Homes Over $300,000

Buyers of homes over $300,000 in Prince Edward County saw the best selection ever as listings increased to an all-time high this past quarter.

Read More

Toronto Sales Rise + Buyers Return To Market

Toronto: Home sales and prices rise in Toronto region for second straight month as buyers return to the market. 

Read More

Buy a Home in August, Thank Me Later

By July and August, many homes that would have attracted multiple offers weeks prior are sitting on the market for two to three times as long. Why?

Read More

Will Today’s U.S. Growth Surge Spur Canada Rate Cut Down the Road?

The key question for anyone keeping an eye on Canadian mortgage rates. 

Read More

Toronto Leads in Tech Jobs + Will New Waterfront Housing Be Affordable?

Toronto: Will a $10-million housing solution be affordable and Toronto beats the Bay Area in tech jobs. 

Read More

Canadian Inflation Hits a Six-Year High

Last Friday we learned that overall Canadian inflation, as measured by our Consumer Price Index (CPI), came in at 2.5% in June, and that result was higher than the consensus...

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The County Report: Limited Choice Under $300,000

Our new series keeps an analytical eye on the real estate market in Prince Edward County, one of Toronto's most coveted escapes.

Read More

Insurance Must Cover Badly Built Property

Building deficiencies resulting from poorly regulated construction and that affect the sale of a property are now covered under title insurance in the wake of a recent Superior...

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The Bank of Canada Hikes Rates Despite Uncertainty

The Bank of Canada (BoC) raised its overnight rate by 0.25% last Wednesday and it now stands at 1.5%. The move was widely expected, and Canadian lenders quickly increased their...

Read More

Experts Predict Home Prices Return To Normal + Toronto Undersupplied in New Homes

Toronto: Experts predict a return to normal GTA housing prices and Toronto facing undersupply of new homes. 

Read More

Why are Fewer Toronto Area Houses for Sale Than Five Years Ago?

When we look at the number of properties that have been listed for sale in the Greater Toronto Area (GTA) (including Toronto) since 2012, we see a very interesting trend.  

Read More

How to Protect Yourself When Making Unconditional Offers

Even with the general slowdown of the Greater Toronto Area (GTA) real estate market from our peak last year many neighbourhoods are still experiencing high levels of demand.

Read More

Thoughts on the Bank of Canada’s Meeting This Week

It is widely expected that the Bank of Canada (BoC) will raise its overnight rate by another 0.25% when it meets this week, and if it does, lenders will pass that increase on...

Read More

Home Prices Hit 13-Month High + Buyers Return To Market

Toronto: Home prices at 13-month high amid influx of buyers and Mayor's affordable housing plan misses the mark. 

Read More

Bank of Canada Plans to Offer Less Guidance Going Forward

In its most recent policy statement released on May 30, the Bank of Canada (BoC) gave every indication that it would raise its overnight rate, which our variable mortgage rates...

Read More

Condo Market Turbulence + Bank of Canada Weighs Mortgage Rules Impact

Toronto: Condo market may hit turbulence and can the city afford mid-rise housing? 

Read More

How a Fight between Condo and Owner Over a Flower Box Cost $109,000

This is the sad story of a $109,000 flower box. It all began in a large project of 213 condominium garden homes known as Bethamy Woods, in Ottawa.

Read More

The Bank of Canada Gets Reacquainted with Murphy’s Law

The Bank of Canada just got another reminder about the perils of offering forward guidance.

Read More

A Directionless Summer + The Young Buyers Club

This Week in Real Estate in Toronto: A directionless summer draws lowball offers and how people under 30 managed to buy in the city. 

Read More

Why Your Home Isn't Selling On Your Offer Night

How your selling strategy may be confusing buyers - enough to keep them away.

Read More

A Trade War Would Push Down Our Mortgage Rates, But Don’t Wish for It

A trade war with the U.S. would likely impact mortgage borrowers in Canada - in more ways than you might think.

Read More

Buyer Held to Contract After Property Found to be Former Marijuana Grow-Op

The Ontario Court of Appeal has confirmed that a home buyer did not have the right to walk away from the purchase of a property which was found to be a former marijuana...

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How Canada's Mortgage Stress Tests Have Spiked Toronto Condo Prices

The Canadian federal government introduced new mortgage rules in the fall of 2016 to combat rapidly increasing home prices - but have they driven up condo prices instead?

Read More

Will More Job Losses Delay the Bank of Canada’s Next Interest Rate-Hike?

Last Friday Statistics Canada confirmed that our economy lost an estimated 7,500 jobs in May, which was a much worse result than the 23,500 job gain the consensus had been...

Read More

Poll Companion: What Ontario Parties Are Saying On Housing This Election

With an incumbent already conceding defeat and two starkly opposed front-runners, an uncertain Ontario heads to provincial polls this Thurs June 7. Here's a summary of the main...

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Variable Mortgage Rates Are Likely to Rise Soon … Are They Still the Better Bet?

The Bank of Canada (BoC) held its policy rate steady last week but warned in its accompanying statement that our next rate hike is not far off.

Read More

High House Prices Widens Inequality + Real Estate Reliance Risks Recession

Toronto: High house prices widen the inequality gap and how various Ontarians are fairing in the housing. market. 

Read More

Homeowners Should Always Get Neighbours’ Permission Before Taking Down Boundary Trees

Can a person be convicted of illegally removing a property-line tree when the City has issued a permit authorizing it?

Read More

Not All Variable-Rate Mortgage Contracts Are Created Equal

As the variable-rate mortgage wars rage on, savvy borrowers are advised to look carefully at the terms and conditions in their mortgage contract.

Read More

New Home Sales Hit Low + Millennials Want Their Own Backyards

Toronto: New home sales in GTA hit worst April in decades and the city puts focus on two and three bedroom units.

Elsewhere: Mortgage stress tests aren't killing the Canadian...

Read More

Why are Detached House Prices Stable When Sales are Falling?

One of the questions I get often from buyers is how house prices can remain stable while sales are declining and inventory is increasing? 

Read More

Fixed versus Variable? Three Variable-Rate Mortgage Simulations to Help You Decide

In last week’s post I made the case for five-year variable rates over their fixed-rate equivalents, based on my current view of where our economy is headed. 

Read More

$100K Dispute Over Lot Proves Importance of Land Surveys

A recent court case emphasizes the importance of using a survey and getting accurate property measurements before signing an agreement in a home purchase.

Read More

Toronto Home Sellers Aren't Panicking + Buyers Pushed to Hamilton

Toronto: Toronto buyers pushed to Hamilton, Toronto sellers aren't panicking and the mistake that cost sellers millions in last year's bubble. 

Elsewhere: The American housing...

Read More

My House...Digital Drawings of Kids' Dream Homes

We're excited to hear artist and architect Em Cheng talk about her exhibit of digital drawings at the Bloor/Gladstone Library tonight Thurs May 17 at 6:30pm. 1101 Bloor Street...

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The Mistake That Cost Sellers Millions When Toronto's Housing Bubble Burst

This time last year, nearly 1,000 Toronto home buyers and sellers suffered major financial losses - could they have done something differently or was it just bad timing?

Read More

Why Variable-Rate Mortgages Are Becoming More Attractive to Canadians

It’s time for a fresh look at the question every borrower loves to ask: Is now a good time to choose a fixed or variable rate?

Read More

Fewer Listings Fuel Condo Market + Luxury Home Sales Down

Toronto: Why the GTA condo market is still hot and high-end home sales hit by new rules. 

Elsewhere: Canada takes drastic steps to make housing more affordable, high prices in...

Read More

Drop in Toronto Condo Listings Keeps Prices Up

With Toronto Area condo sales down 26% in April 2018, many buyers are wondering why the condo market is still incredibly competitive and prices are still up.

Read More

Home Prices Steady + Weakest Sales Start Since 2009

Toronto: Home prices are steadying but sales are off to weakest start since 2009 recession. 

Elsewhere: BC considers more changes to real estate regulations, examining why New...

Read More

How 22 Toronto Condo Buyers Ended Up Owning the Wrong Units

How is it that 22 condominium owners in a north Toronto development do not own the units they are living in?

Read More

The Unfairness of Last Week’s Posted-Rate Hikes

Last week TD Canada Trust raised its five-year posted rate from 5.14% to 5.59%, and shortly thereafter, Royal Bank and National Bank increased their five-year posted rates from...

Read More

Taxes Toppling Toronto Condos + Death of the Single Family Home

Toronto: Proposed hikes in development charges shock condo industry.

Elsewhere: Did Ontario's real estate tax close the deal, Canada's housing market is still vulnerable to...

Read More

Bank of Canada Offers Hope (For Later), Caution (For Now)

The Bank of Canada (BoC) left its overnight rate unchanged last week, as most market watchers expected. The Bank also released its latest quarterly Monetary Policy Report...

Read More

Homeowner, Court Tears Strip (Of Land) Off Neighbour

Gillean Gibb and Liliana Maria Pereira are next-door neighbours on Grosvenor St., in London, Ont.

Read More

Five Key Questions For The Bank of Canada This Week

The Bank of Canada (BoC) meets this Wednesday, and while most market watchers aren’t expecting the Bank to raise its overnight rate at this meeting there is still the...

Read More

Homeowners Spend $50,000 Fighting Over Small Strip of Land Between Houses

It’s hard to imagine why two neighbours would together spend as much as $50,000 on legal fees in a court fight over a strip of land between their houses that measures only...

Read More

Costing Toronto's Bubble + Slower March Home Starts

Toronto's 2017 housing bubble hurt consumers and worsened affordability, with some areas affected far more significantly than others. 

Elsewhere: Canadian housing starts slowed...

Read More

What You Can Learn From Toronto's 2017 Real Estate Bubble

Today we're releasing a new report featuring my analysis of last year's real estate bubble - why it happened and how it affected home buyers and sellers in Toronto and the...

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What Surprising Market Reaction to Employment Data Means for Our Mortgage Rates

Last Friday Statistics Canada released our latest employment report, for March.

Read More

GTA House Prices Falling Furthest Where Investors Once Dominated

This time last year we published a report Freeholds on Fire: How Investor Demand for Houses is Driving Up Prices in the Greater Toronto Area which looked at how investors in...

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Sellers Should Never Sign a Seller Property Information Statement

Is a purchaser entitled to back out of a real estate purchase deal if she finds out before closing that the home was the site of a murder?

Read More

T.O. Rebounds + Affordability Rises

Toronto's housing market shows signs of a rebound as affordability rises across Canada.

Elsewhere: Millennials behind surge in home buying intentions in Canada, Manhattan home...

Read More

Why Toronto’s Real Estate Market Isn’t Crashing (Anymore)

The headlines and the recent numbers about the Greater Toronto Area’s real estate market have not been great this spring. Average home prices are down 14% in March and sales...

Read More

As Canadian GDP Growth Slows, Will U.S. Economic Momentum Save the Day?

Last week, Statistics Canada confirmed that our economic momentum slowed sharply in January as our GDP fell by 0.1% over the month. The drop was primarily attributed to sharp...

Read More

Toronto's Tale Of Two Markets   

A tale of  two markets in Toronto and top economists weigh in on GTA housing situation.

Elsewhere: BMO says Canadian housing market facing decade of stagnation, HUD scales back...

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Court Rejects Elderly Father’s Bid to Remove Son From Property Title

When a parent registers title to a home in joint names with a child, and the family relationship later breaks down, the results can be unhappy — and expensive — for all...

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Why I Don’t Think The Bank of Canada Will Over-React to the Latest Inflation Data (As the Bond Market Did)

Last week Statistics Canada confirmed that year-over-year overall inflation growth spiked from 1.7% in January to 2.2% in February. At the same time, two of the three gauges...

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More Crash Fears + GTA Growth Spurs Highrises

Toronto crash fears, Milton grows up and A-Rod boosts GTA real estate dreams.

Elsewhere: Scotiabank not worried about Canada debt, California housing problems spillover and...

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What Do You Do When Your Condo Development Has Been Destroyed by Fire?

Dozens of purchasers in a Mississauga condominium project are awaiting news of further developments after the project was destroyed by fire earlier this month.

But the...

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City Relies On 'Volatile' Property Market + Ford Prepares Housing Plans

Is the city's budget too reliant on a 'volatile' property market, Doug Ford readies plans for housing and luxury properties are swept up in Toronto's housing slump. 

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What the Bank of Canada’s Caution Means for Canadian Mortgage Rates

Dave Larock in Interest Rate UpdateMortgages and Finances

When the Bank of Canada (BoC) met last week, it left its overnight rate unchanged, as expected.

The only real...

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Sales Plunge In February + Is A Crash Coming?

 Realosophy Team in Media RoundupToronto Real Estate News

Photo Credit: Blog TO

All you need to know regarding the housing market in Toronto, Canada and abroad.

This week in...

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How Trump’s Tariffs Are Likely to Affect Canadian Mortgage Rates

Dave Larock in Interest Rate UpdateMortgages and Finances

Last Thursday, seemingly out of the blue, President Trump announced that the U.S. would impose a 25% tariff on...

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Slow Sales Could Signal Return To Normal Market + The Supply And Growth Plan Paradox

 Realosophy Team in Media RoundupToronto Real Estate News

Photo Credit: Daily Hive

All you need to know regarding the housing market in Toronto, Canada and abroad.

...

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Our Latest Inflation Data Give the Bank of Canada More Time to Wait

Dave Larock in Interest Rate UpdateMortgages and Finances

Our January inflation data have provided the latest fuel for the ongoing debate about when the Bank of Canada (BoC)...

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Home Prices Rise + Buyers Have The Upper Hand

 Realosophy Team in Media RoundupToronto Real Estate News

Photo Credit: CBC

All you need to know regarding the housing market in Toronto, Canada and abroad.

This week in...

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Why the Bank of Canada Will Be Cautious in 2018 (And It Isn’t Just Because of the January Employment Data)

Dave Larock in Interest Rate UpdateMortgages and Finances

After thirteen straight months of impressive gains, Canada’s labour market hit the brakes hard last month.

Our...

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Jan Home Prices Down + TREB Takes Data Fight To Supreme Court

 Realosophy Team in Media RoundupToronto Real Estate News

Photo Credit: Blog TO

All you need to know regarding the housing market in Toronto, Canada and abroad.

This week in...

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Who Pays When You Slip and Fall on Someone Else’s Property?

Bob Aaron in Legal 

Winter in Toronto can bring the early morning sounds of neighbours’ shovels on driveways and sidewalks, and snowplows on roads.

Failure to clear snow and...

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Will the Latest U.S. Employment Data Push Canadian Fixed Mortgage Rates Higher?

Dave Larock in Interest Rate UpdateMortgages and Finances

Last Friday U.S. bond yields surged higher as investors reacted to the release of a stronger-than-expected U.S....

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Market Hits A Deep Freeze + Home Sales Poised To Fall In 2018

 Realosophy Team in Media RoundupToronto Real Estate News

Photo Credit: Daily Hive

All you need to know regarding the housing market in Toronto, Canada and abroad.

...

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The Least Discussed Risk to Canadian Mortgage Rates in 2018

Dave Larock in Interest Rate UpdateMortgages and Finances

The consensus continues to believe that the Bank of Canada (BoC) will raise its policy rate by another 0.50% to...

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Toronto Moves Up On Least Affordable Cities List + Multiple Offers For Condo Rentals

 Realosophy Team in Media RoundupToronto Real Estate News

Photo Credit: Metro

All you need to know regarding the housing market in Toronto, Canada and abroad.

This week in...

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Property Buyers Should be Aware of Real Estate Lawyers' Legal Standards

Bob Aaron in Legal, Home Buying, Condo Buying

A fact sheet published last month by LawPRO — the Lawyers’ Professional Indemnity Company — provides an interesting insight into...

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Canadian Variable Mortgage Rates Rise Again. Are More Hikes Coming?

Dave Larock in Interest Rate UpdateMortgages and Finances

The Bank of Canada (BoC) raised its policy rate by 0.25% last week, and it now stands at 1.25%.

Lender prime rates...

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Rising Mortgage Rates Unlikely To Slow Down Market + Toronto Has Highest Rental Rates In Canada

 Realosophy Team in Media RoundupToronto Real Estate News

Photo Credit: Daily Hive

All you need to know regarding the housing market in Toronto, Canada and abroad.

...

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Canadian Mortgage Rate Forecast for 2018 – Part 2 (Five-Year Variable Rates)

Dave Larock in Interest Rate UpdateMortgages and Finances

In today’s post I offer my forecast for five-year variable rates in 2018. (FYI - You can read my forecast for...

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What Data Doesn't Tell Us + Toronto Has More Room For Density

 Realosophy Team in Media RoundupToronto Real Estate News

Photo Credit: Toronto Star

All you need to know regarding the housing market in Toronto, Canada and abroad.

...

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Canadian Mortgage Rate Forecast for 2018 – Part 1 (Five-Year Fixed Rates)

Dave Larock in Interest Rate UpdateMortgages and Finances

Welcome back!

First off, I’d like to wish a very happy new year to my readers.

In today’s post I offer my forecast...

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Week In Review: Home Sales Down in 2017 + TREB Blames the Government

 Realosophy Team in Media RoundupToronto Real Estate News

Photo Credit: The Globe and Mail

All you need to know regarding the housing market in Toronto, Canada and abroad.

...

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How the Coming Mortgage Rule Changes Are Likely to Impact Canadians in 2018

Dave Larock in Interest Rate UpdateMortgages and Finances

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The Bank of Canada Remains Cautious … For at Least as Long As Rising Wage Pressures Will Allow

Dave Larock in Interest Rate UpdateMortgages and Finances

The Bank of Canada (BoC) left its policy rate unchanged last week, as expected.

In its accompanying statement the...

Read More

You Could Be Liable for Home Tank’s Oil Spill

Bob Aaron in Legal

A recent decision of the Ontario Superior Court warns homeowners that a distributor’s delivery of fuel oil does not mean that their tanks are safe. It also...

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The Inconvenient Truth About the Latest Employment Report

Dave Larock in Interest Rate UpdateMortgages and Finances

Last Friday Statistics Canada confirmed that our economy added a whopping 79,500 new jobs in November, and that...

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Week In Review: Hot Housing Market Balances City Budget + Rental Housing Falls To 16-Year Low

 Realosophy Team in Media RoundupToronto Real Estate News

Photo Credit: CP 24

All you need to know regarding the housing market in Toronto, Canada and abroad.

This week in...

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The Mortgage Rule Changes That Need to Be Changed

Dave Larock in Interest Rate UpdateMortgages and Finances

On January 1, 2018, our regulators will implement a sixth round of mortgage rule changes as part of their ongoing...

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Week In Review: Developers Can't Afford Land In Toronto + What New Federal Housing Plan Means

 Realosophy Team in Media RoundupToronto Real Estate News

Photo Credit: Toronto Star 

All you need to know regarding the housing market in Toronto, Canada and abroad.

...

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How Canadian Mortgage Rates Are Benefiting from Our Current Inflationary “Sweet Spot”

Dave Larock in Interest Rate UpdateMortgages and Finances

Anyone keeping an eye on Canadian mortgage rates should pay close attention to our inflation data, which contain...

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Week In Review: Is It Cheaper To Buy A House Than A Condo + A Transit Miracle On King St.

Realosophy Team in Media RoundupToronto Real Estate News

Photo Credit: Macleans

All you need to know regarding the housing market in Toronto, Canada and abroad.

...

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A Detailed Look At Canada’s Mortgage Stress-Test Rate

Dave Larock in Interest Rate UpdateMortgages and Finances

As of January 1, 2018, everyone who borrows from a federally regulated mortgage lender must qualify using the ...

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Week In Review: GTA Condo Prices Top Houses + The Need For Denser Housing

Realosophy Team in Media RoundupToronto Real Estate News

Photo Credit: CBC

All you need to know regarding the housing market in Toronto, Canada and abroad.

This week in...

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Why condos are more expensive than houses in the Greater Toronto Area

John Pasalis in Toronto Real Estate News, Condo Buying

Ryerson’s City Building Institute published an interesting paper this week that concluded that builders are not building...

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Why Strong Employment Growth Shouldn’t Translate into Higher Canadian Mortgage Rates (For Now)

Dave Larock in Interest Rate UpdateMortgages and Finances

Last week we received the Canadian employment data for October, which was better than expected.

Our economy added...

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Government Has No Excuse for Delaying Consumer Protection Sections of New Condominium Act

Bob Aaron in Condo Buying, Legal

With parts of the new Condominium Act coming into force next week, there is concern about important consumer protection sections in the act...

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The Bank of Canada Holds Rates Steady and Dampens Rate-Hike Expectations

Dave Larock in Interest Rate UpdateMortgages and Finances

The Bank of Canada (BoC) left its policy rate unchanged last week, as expected. The Bank also sounded more cautious...

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Delayed Action on Consumer Protection for Homeowners a Sad Reflection on Provincial Government

Bob Aaron in Legal

The Ontario government acted with speed in imposing a new non-resident tax on real estate purchases.

But when it comes to protecting consumer deposits on...

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New Mortgage Rules Announced: The Good, The Bad and The Ugly

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

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Week In Review: Is Toronto The Ideal Place To Build A Neighbourhood Of The Future + New Mortgage Stress Test

Realosophy Team in Media RoundupToronto Real Estate News

Photo Credit: Urban Toronto

All you need to know regarding the housing market in Toronto, Canada and abroad.

...

Read More

Why Slowing Consumer Spending Will Put a Lid on Canadian Mortgage Rates

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

Read More

Week In Review: House Price Correction Eases + Market Puzzles The Experts

Realosophy Team in Media RoundupToronto Real Estate News

Photo Credit: See Toronto Now 

All you need to know regarding the housing market in Toronto, Canada and abroad.

...

Read More

What Will September’s Accelerating Wage Growth Mean for Canadian Mortgage Rates?

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

Read More

Wynne Liberals prioritize Realtor commissions over consumer protection

John Pasalis in Toronto Real Estate News

photo credit Globe and Mail

Yesterday the Ontario provincial government announced plans to add more regulation to the practice of...

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Is Toronto’s real estate market still crashing?

John Pasalis in Toronto Real Estate News

If you’re considering buying a home in the Greater Toronto Area, it’s really tough to make sense of what is really happening in the...

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Condo Corps Need to Deal with Marijuana Use Before it Becomes a Problem

Bob Aaron in Legal, Condo Buying 

When marijuana becomes legal next summer, landlords, tenants and condominium owners can expect an increase in disputes related to both...

Read More

Good News for Variable-Rate Mortgage Borrowers: Governor Poloz Shifts the Bank of Canada Into Neutral (For Now)

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

Read More

Week In Review: TREB Urges Caution Over Vacant-Home Tax + Why The Worst May Be Yet To Come

Realosophy Team in Media RoundupToronto Real Estate News

Photo Credit: Daily Hive

All you need to know regarding the housing market in Toronto, Canada and abroad.

...

Read More

How Inflation Is Likely to Impact Canadian Mortgage Rates in the Near Future

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

Read More

Week In Review: Condos Buck The Housing Crunch In Toronto + Market Feels Effect Of Foreign-Buyers Tax

Realosophy Team in Media RoundupToronto Real Estate News

Photo Credit: CBC

All you need to know regarding the housing market in Toronto, Canada and abroad.

This week in...

Read More

How the Loonie’s Value Is Likely to Impact Canadian Mortgage Rates In the Near Future

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

Read More

The Bank of Canada Raises Rates Again and Speculation Grows That It May Not Be Done Yet

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

Read More

Week In Review: Home Prices Sink Further In August + The Buyers Are Back

Realosophy Team in Media RoundupToronto Real Estate News

Photo Credit: TripSavvy

All you need to know regarding the housing market in Toronto, Canada and abroad.

...

Read More

Condo Sale Complicated by Fire

Bob Aaron in Legal, Condo Buying, Home Buying, Home Selling

Editor's Note: This article was first published in July 2017.

What happens if a real estate purchase and sale...

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Week In Review: Home Sales Plunge In GTA + The Case For Midrise Housing

Realosophy Team in Media RoundupToronto Real Estate News

 

All you need to know regarding the housing market in Toronto, Canada and abroad.

This week in Toronto: Home sales...

Read More

When a Property Survey is More Important Than the Deed

Bob Aaron in Legal, Home Buying

Is a property survey important? Is it necessary if the buyer gets title insurance?

I’ve often said that a survey is the most important...

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Does It Still Pay to Shop Around for the Best Mortgage Rate?

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

Read More

Co-op Board v Owner Dispute Becomes Pricey Court Action

Bob Aaron in Legal

A recent case involving a Toronto co-ownership building illustrates why expensive court proceedings are not always the solution to disputes between owners...

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Why Aren’t Average Incomes Rising More Rapidly?

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

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Week In Review: Buyers and Sellers Try To Stay Afloat + Complications After The Big Chill

Realosophy Team in Media RoundupToronto Real Estate News

Photo Credit: City News

All you need to know regarding the housing market in Toronto, Canada and abroad.

...

Read More

Why Some Toronto Neighbourhoods Are Likely to See Prices Fall Even Further

John Pasalis in Toronto Real Estate News, Home Buying

In my last blog post (The GTA Neighbourhoods Home Buyers Should Avoid), I walked through a metric we use at Realosophy to...

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Buyer Paid for Property He Did Not Get

Bob Aaron in Home BuyingLegal

The most important thing a real estate lawyer must do for his purchaser clients is to confirm the exact dimensions, and location, of the...

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Five Key Questions for Mortgage Borrowers to Focus On

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

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Week In Review: Buyers And Sellers Play The Waiting Game + Home Construction Bounces Back

Realosophy Team in Media RoundupToronto Real Estate News

Photo Credit: CBC

All you need to know regarding the housing market in Toronto, Canada and abroad.

This week in...

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The GTA Neighbourhoods Home Buyers Should Avoid

John Pasalis in Toronto Real Estate News, Home Buying

I recently stopped by TVO’s The Agenda to discuss the latest market stats with the Toronto Star’s Tess Kalinowski, and...

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What Do Strong Job Growth and Weak Wage Growth Mean for Our Mortgage Rates?

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

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Week In Review: Buyers Retreat In Toronto + Condos Continue To Dominate

Realosophy Team in Media RoundupToronto Real Estate News

Photo Credit: Macleans 

All you need to know regarding the housing market in Toronto, Canada and abroad.

This week in...

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Why This is the Best and Worst Time to Buy a Home in Toronto

John Pasalis in Toronto Real Estate News, Home Buying

 

“Be fearful when others are greedy and greedy when others are fearful”  -  Warren Buffett

Acclaimed investor Warren...

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Canadian GDP Surges Higher in May. Will Mortgage Rates Follow?

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

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Week In Review: Condo Crazy In Toronto + A Return To Sanity

Realosophy Team in Media RoundupToronto Real Estate News

Photo Credit: CBC

All you need to know regarding the housing market in Toronto, Canada and abroad.

This week in...

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Three Reasons Why I Think the Market Is Overestimating the Future Path For Canadian Mortgage Rates

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

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Week In Review: A Buyer's Market In Toronto + The King and Spadina Boom

Realosophy Team in Media RoundupToronto Real Estate News

Photo Credit: CTV

All you need to know regarding the housing market in Toronto, Canada and abroad.

This week in...

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Canadian Variable Mortgage Rates Rise for the First Time in Over Seven Years. What’s Next?

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

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Week In Review: Is Toronto Housing Market On Verge Of Severe Correction? + Home Buyers Lose Steam and Cash in Canada

Realosophy Team in Media RoundupToronto Real Estate News

Photo Credit: CP 24

All you need to know regarding the housing market in Toronto, Canada and abroad.

This week in...

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Rate Hikes Are Now a Virtual Certainty In Both Canada and the U.S. After the Release of the Latest Employment Data

Dave Larock in Interest Rate UpdateMortgages and Finances

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Ontario court rules Wychwood homeowners are not obligated to pay park maintenance fees

Bob Aaron in Legal

Taddle Creek Pond in Wychwood. Photo Credit: By Wordconcepts - Own work, CC BY-SA 4.0

Collecting homeowner fees to maintain private roads and other shared...

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Week In Review: What Ontario's Foreign Home Buyer Data Means + Housing Anxiety Persists Across Canada

Realosophy Team in Media RoundupToronto Real Estate News

Photo Credit: City TV

All you need to know regarding the housing market in Toronto, Canada and abroad.

This week in...

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Three Takeaways from Ontario’s Newly Released Foreign Home Buyer Data

John Pasalis in Toronto Real Estate News

The province of Ontario just announced that 4.7% of the 18,282 homes purchased in the Greater Golden Horseshoe between April 24th and...

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Canadian Mortgage Rates Are Rising – Should Variable-Rate Borrowers Lock In?

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

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Week In Review: Homeowners Caught Between Buying and Selling + Provincial Government Considers a Change in Rules

Realosophy Team in Media RoundupToronto Real Estate News

Photo Credit: Toronto Star

All you need to know regarding the housing market in Toronto, Canada and abroad.

...

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Home Inspection Act finally passed

Bob Aaron in Legal

Editor's Note: This article was first published last month (May 2017).

The Ontario government last month finally passed legislation to regulate the home...

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The Latest Inflation Data Give Us the Proof in the Bank of Canada’s Rhetorical Pudding

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

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‘Escalation’ clause ignites privacy, ethics code concerns

Bob Aaron in Legal, Home Buying, Home Selling

The Ontario Real Estate Association (OREA), which represents 70,000 real estate agents and brokers, has become involved in a...

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The Bank of Canada May Test the Courage of Variable-Rate Borrowers Sooner Than Expected

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

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Watch: The Cooling of an Overheated Market

Realosophy President and Move Smartly Writer John Pasalis joined Toronto Star’s Tess Kalinowski on TVO’s The Agenda's Nam Kiwanuka to talk about the cooling real estate market...

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Week In Review: GTA Sales Decline Continues + Millennials Would Vote for Home Affordability

Realosophy Team in Media RoundupToronto Real Estate News

Photo Credit: Daily Hive

All you need to know regarding the housing market in Toronto, Canada and abroad.

...

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Real estate tax demands lawyers verify the unverifiable

Bob Aaron in Legal

Editor's Note: This article was first published last month (May 2017).

Last month’s introduction of the 15-per-cent Non-Resident Speculation Tax has...

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‘Detached’ home for sale is actually linked to property next door

Bob Aaron in Legal, Home Buying

When is a detached house not detached? That was the question facing the “Smiths” late last month.

The couple came to see me after they signed...

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More Jobs Don’t Mean More Pay … for Now

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

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Why the Latest U.S. Employment Report Disappointed and Why the Fed Is About To Raise Rates Anyway

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

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How to Avoid Buying a Home with Illegal Parking

With the surge in real estate prices over the past few years, it’s not a wonder that the Toronto real estate market has seen an uptick in the number of homes being flipped,...

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How Bidding on a Home in Toronto Just Got Worse

John Pasalis in Toronto Real Estate News , Home Buying

If there is one part of the home buying process that all of Toronto hates – it’s when you have to compete for a home...

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Week In Review: Buying at Peak Fears Rise in Toronto + Is Canada a Real Estate Addict?

Realosophy Team in Media RoundupToronto Real Estate News

Photo Credit: Daily Hive

All you need to know regarding the housing market in Toronto, Canada and abroad.

...

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The Bank of Canada Warns … and Waits

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

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Week In Review: Home Sales Plunge in GTA + Mortgage Worries For Canadians

Realosophy Team in Media RoundupToronto Real Estate News

Photo Credit: Toronto Star

All you need to know regarding the housing market in Toronto, Canada and abroad.

...

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GTA Home Sales Plunge 26% Following Ontario Foreign Buyer Tax

John Pasalis in Toronto Real Estate News

On April 20th 2017 the Ontario government introduced their Fair Housing Plan which included a 15% tax on homes purchased by foreign...

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Pick or Pass: How to Use Data to Help You Make a Smarter Condo Investment Decision

Last week we touched on how to assess the impact of investors when evaluating a condo building – this week we’re going to take it one step further by delving into three other...

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Why a Smaller Down Payment Comes with a Lower Mortgage Rate

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

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From Bidding Wars to Lowball Offers – Toronto’s roller coaster real estate market

John Pasalis in Toronto Real Estate News

The first half of 2017 has been a roller coaster ride for Toronto’s real estate market.

The first 3 months of the year were the most...

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Should You Choose a Fixed or Variable Mortgage Rate Today?

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

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Week In Review: Home Sellers Get A Taste Of Buyers' Anxiety + Affordability Crisis Hits Toronto

Realosophy Team in Media RoundupToronto Real Estate News

Photo Credit: CBC

All you need to know regarding the housing market in Toronto, Canada and abroad.

This week in...

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The Latest Canada and U.S. Employment Data Raise the Same Vexing Question

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

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Pick or Pass: What Makes a Condo a Good Investment?

The condo market in Toronto seems to be unfazed by the introduction of the Ontario Government’s new Fair Housing Plan. In some instances, the number of units bought by...

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Week In Review: Toronto Real Estate Slows + Anxious Home Buyers Hold Back

Realosophy Team in Media RoundupToronto Real Estate News

Photo Credit: CBC

All you need to know regarding the housing market in Toronto, Canada and abroad.

This week in...

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Is Your Mortgage Lender About To Go Bust?

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

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Week In Review: Investors Cashing Out in Toronto + Politicians Meddling in Real Estate?

Realosophy Team in Media RoundupToronto Real Estate News

Photo Credit: The Globe and Mail

All you need to know regarding the housing market in Toronto, Canada and abroad.

...

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Wychwood Park Homeowners Fight Fee

Bob Aaron in Legal, Home Buying

Taddle Creek Pond in Wychwood. Photo Credit: By Wordconcepts - Own work, CC BY-SA 4.0

 

A 2016 decision of the Ontario Divisional Court has...

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Pick or Pass: A House Flip Gone Wrong

This week I wanted to highlight a listing I viewed over the long weekend with clients of mine that were looking for a home in the Bedford Park area. Anyone who knows the area...

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Five Factors That Are Now Pushing Canadian Bond Yields Lower

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

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Week In Review: Foreign Buyers Tax Comes To Ontario + Richmond Hill Hottest Market in Canada

Realosophy Team in Media RoundupToronto Real Estate News

Photo Credit: CBC

All you need to know regarding the housing market in Toronto, Canada and abroad.

This week in...

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Ontario's New Fair Housing Plan - The Good and the Bad

John Pasalis in Toronto Real Estate News

The Ontario government has responded to the rapid growth in house prices and rents in the Greater Toronto Area by releasing what they...

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Use your weekends to explore a career in real estate

Realosophy Team in Realosophy Team

Have you wondered about becoming a real estate agent, but worried about taking the plunge?

We’ve designed the Realosophy Sales Assistant...

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What the Bank of Canada Thinks of the Recent Surge in Our Economic Momentum

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

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Missing deed registration cut-off by seconds adds $157,000 to tax bill

Bob Aaron in Legal

When the city of Toronto increased its municipal land transfer tax on March 1, no one could have imagined that the failure to grandfather any transactions...

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Why Haven’t Low Unemployment Rates Led to Rising Inflation?

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

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New Listings Surge 62% as Toronto Home Owners Cash in on Hot Real Estate Market

John Pasalis in Toronto Real Estate News

The first week of April saw the number of new listings of freehold houses (detached, semi-detached and townhouses) surge 62% over last...

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Pick or Pass: Is a Special Assessment the Reason Why This Home is Still on the Market?

Recently, there were two homes on the market with the same offer date and my clients were trying to figure out which one they would offer on – one in Port Credit, Mississauga...

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Week In Review: Ontario Urged To Cool Toronto Real Estate + Is Vancouver Loneliest City?

Realosophy Team in Media RoundupToronto Real Estate News

Photo Credit: CBC

All you need to know regarding the housing market in Toronto, Canada and abroad.

This week in...

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Pick or Pass: What You Need to Know About Pre-Construction Condos (That Sales Reps Might Not Tell You)

From a legal perspective, buying a pre-construction condo can be an even more involved process than buying a resale property as there are many additional aspects to consider –...

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House Prices Up over 60% in GTA's Hottest Areas

John Pasalis in Toronto Real Estate News

Toronto's real estate market continued to defy gravity in March when the average price for a home climbed to $922,757 in March 2017, a...

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What Will Better Than Expected GDP Growth Mean for Canadian Mortgage Rates?

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

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Week In Review: TO Eyes Vacancy Tax + Bubble Fears

Realosophy Team in Media RoundupToronto Real Estate News

Photo Credit: BLOG TO

All you need to know regarding the housing market in Toronto, Canada and abroad.

This week in...

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Legal Fight Over Toronto’s Trump Tower is Far From Over

Bob Aaron in Legal

Photo Credit: By Secondarywaltz (Own work), CC BY-SA 3.0 via Wikimedia Commons

The Supreme Court of Canada has written the latest chapter in the ongoing...

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A (Rare) Quiet Week for Canadian Mortgage Rates

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

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Week In Review: Speculators Super-Heat Toronto Market + What Federal Budget Means For Housing

Realosophy Team in Media RoundupToronto Real Estate News

Photo Credit: CBC

All you need to know regarding the housing market in Toronto, Canada and abroad.

This week in...

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Data Shows That Investors Are Now Speculating on Single Family Houses Across GTA

John Pasalis in Toronto Real Estate News

Last year I wrote about a trend I had been noticing in the Toronto area real estate market - whether at our office or at dinner...

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How Will Canadian Mortgage Rates Be Affected by the U.S. Federal Reserve’s Latest Rate Hike?

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

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Pick or Pass: Are You Throwing Your Money Away on Monthly Condo Fees?

 

More home buyers are considering condo style living as an alternative to freehold housing due to the widening price gap between the two types. Although a viable housing...

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Week In Review: Foreign Buyer Tax Not Enough for TO? + Housing Boom Refills Empty Nests

Realosophy Team in Media RoundupToronto Real Estate News

Photo Credit: CTV

All you need to know regarding the housing market in Toronto, Canada and abroad.

This week in...

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Insurance Company Beaten as Exclusions Do Not Apply to Dam Burst

Bob Aaron in Legal

Not all insurance policies exclude coverage for floods entering a house from the outside.

Last month I wrote about a $2-million claim for catastrophic...

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What Will Happen to Canadian Mortgage Rates When the Fed Raises Its Policy Rate This Wednesday?

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

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Week in Review: Toronto House Hunters Get Desperate + Ontario Rethinks Foreign Buyer Tax

Realosophy Team in Media RoundupToronto Real Estate News

Photo Credit: NOW Magazine

All you need to know regarding the housing market in Toronto, Canada and abroad.

...

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Sellers beware if information is not correct

Bob Aaron in Legal, Home Selling

Patrick Gladu and wife Danielle Boyer-Gladu purchased a property in Sturgeon Falls, Ont., back in 2009.

The house had been advertised on the...

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Why the Spread Between Canadian Five-Year Fixed and Variable Mortgage Rates Is Set to Widen

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

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Week In Review: A 'Vancouver Style' Cooling for Toronto + Sticker Shock Sets In

Realosophy Team in Media RoundupToronto Real Estate News

Photo Credit: CBC

All you need to know regarding the housing market in Toronto, Canada and abroad.

This week in...

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$2 million in water damage not covered by insurance

Bob Aaron in Legal

Imagine turning to your insurance company after catastrophic damages to your house and being told, “You’re not covered.”

That’s what happened to Hassan...

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Five U.S. Observations and What They Mean for the Canadian Economy and Our Mortgage Rates

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

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Pick or Pass: Could you Spot a Blacklisted Condo?

Nicole Harrington in Listings of the Week

Toronto’s housing market is as diverse as its people: ranging in price, size, and location. I pick a Toronto listing or trend to focus...

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Week In Review: Toronto Housing Market Heading For Paralysis? + A Warning For Realtors

Realosophy Team in Media RoundupToronto Real Estate News

Photo Credit: CBC

All you need to know regarding the housing market in Toronto, Canada and abroad.

This week in...

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Devious tenants must be stopped from gaming system

Bob Aaron in Legal

Anyone interested in becoming a landlord in Ontario could learn some lessons from a recent court case which demonstrates how an unscrupulous tenant was...

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Are Toronto House Prices Booming Because Too Many People Want to Live Here?

John Pasalis in Toronto Real Estate News

In the late 1980's economists Robert Shiller and Karl Case began to challenge the long standing assumption that all home buying...

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Week In Review: The Toronto Bubble Is Real + What Drives Housing Prices?

Realosophy Team in Media RoundupToronto Real Estate News

Photo Credit: Global News

All you need to know regarding the housing market in Toronto, Canada and abroad.

...

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Will Another Month of Impressive Jobs Gains Fuel a Rise in Canadian Mortgage Rates?

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

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Caution to those Buying a Home Based on School District

Back in October I wrote a blog post on the correlation between high performing school districts and how they affect home value. The basic premise of the post was to show that...

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Week In Review: Condo Demand Heats Up + A Million Dollars For A Tear-down

Realosophy Team in Media RoundupToronto Real Estate News

Photo Credit: Notable

All you need to know regarding the housing market in Toronto, Canada and abroad.

This week in...

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The U.S. Federal Reserve Maintains a Cautious Approach to Future Rate Hikes

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

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Week In Review: Toronto Price Surge Expected + Condo Sales Push Records

Realosophy Team in Media RoundupToronto Real Estate News

  Photo Credit: Toronto Star

All you need to know regarding the housing market in Toronto, Canada and abroad.

...

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GTA Detached Home Prices Up 28% in January

John Pasalis in Toronto Real Estate News

The Greater Toronto Area's real estate market is off to a very hot start in 2017.  The table below shows the average price for a...

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Will Canadian Mortgage Rates Get Trumped?

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

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Pick or Pass: How Overpaying for a Home May Hurt You

Nicole Harrington in Listings of the Week

Toronto’s housing market is as diverse as its people: ranging in price, size, and location. I pick a Toronto listing or trend to focus...

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Week In Review: High Real Estate Prices Spill Over + Cooling Measures for Toronto?

Realosophy Team in Media RoundupToronto Real Estate News

Photo Credit: Jordan Morrison 

All you need to know regarding the housing market in Toronto, Canada and abroad.

...

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Kitec plumbing in condos should be revealed

Bob Aaron in Legal, Condo Buying

Should condominium corporations disclose the existence of Kitec plumbing to potential buyers on their status certificates? That was the...

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Uncertainty Reigns at The Bank of Canada

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

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Week In Review: Downtown Home Skyrockets In Value + Condo Rental Market Shortage

Realosophy Team in Media RoundupToronto Real Estate News

Source: CP 24

All you need to know regarding the housing market in Toronto, Canada and abroad.

This week in Toronto:...

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Ontario court upholds condo rule banning Airbnb and short-term rentals

Bob Aaron in Legal

Condo owners who rented their suite for short-term stays violated the building’s rules, an Ontario court ruled earlier this month.

The Ottawa condo’s...

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All Eyes on the Bank of Canada This Week

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

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Pick or Pass: The Neighbourhood to Watch for 2017

Nicole Harrington in Listings of the Week 

Toronto’s housing market is as diverse as its people: ranging in price, size, and location. I pick a Toronto listing or trend to...

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Week In Review: Luxury Home Sales Boom + A Push For Increased Supply

Realosophy Team in Media RoundupToronto Real Estate News

Source: CP 24

All you need to know regarding the housing market in Toronto, Canada and abroad.

This week in Toronto:...

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A Look Ahead for Canadian Mortgage Rates in 2017

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

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Week In Review: Home Prices Will Climb + The Anatomy Of A Real Estate Disaster

Realosophy Team in Media RoundupToronto Real Estate News

Source: Toronto Life

All you need to know regarding the housing market in Toronto, Canada and abroad.

This week in...

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Home inspections are your best friend

Bob Aaron in Legal, Home Buying

What happens if you discover water flowing below the floor in a newly-purchased house and you have to completely gut the basement to remove...

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Week In Review: Toronto Least Affordable Market In Canada + Doomsday Scenario For Canadian Housing

Realosophy Team in Media RoundupToronto Real Estate News

Source: Torontoist

All you need to know regarding the housing market in Toronto, Canada and abroad.

This week in...

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Tax burden of housing sector must be shared by all

Bob Aaron in Legal

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Variable Mortgage Rates Grow More Appealing for Canadians

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

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Pick or Pass: How a "Must Have" List Can Help Your Home Buying

Nicole Harrington in Listings of the Week 

Toronto’s housing market is as diverse as its people: ranging in price, size, and location. I pick a Toronto listing or trend to...

Read More

Week In Review: Toronto's Market Heats Up Again + What Will 'Generation Rent' Be Able to Afford?

Realosophy Team in Media RoundupToronto Real Estate News

Source: CTV

All you need to know regarding the housing market in Toronto, Canada and abroad.

This week in Toronto:...

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The Bank of Canada Bolsters Its Cautious Rate View

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

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The New Canadian Mortgage Landscape

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

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Pick or Pass: Affordable Spots for Buyers - Condo Edition

Nicole Harrington in Listings of the Week 

Toronto’s housing market is as diverse as its people: ranging in price, size, and location. I pick a Toronto listing or trend to...

Read More

Week In Review: The Market Takes A Breath + Housing Prices Hurt Canada's Middle Class

Realosophy Team in Media RoundupToronto Real Estate News

Source: Albinger

All you need to know regarding the housing market in Toronto, Canada and abroad.

This week in...

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Supreme Court Upholds Title-insurance Victory

Bob Aaron in Legal, Home Buying

The Supreme Court of Canada has written the final chapter in one of the most important title-insurance cases of this generation.

The story...

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The Coming Test for Canadian Bond Yields

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

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Week In Review: Condo Builders Can't Keep Up With Demand + A New Way Forward For Housing

Realosophy Team in Media RoundupToronto Real Estate News

Source: Toronto Star

All you need to know regarding the housing market in Toronto, Canada and abroad.

This week in...

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What if my Prospective Condo Corporation is Involved in Litigation?

Bob Aaron in Legal, Home Buying, Condo Buying

What should a buyer do when the status certificate for their condominium purchase shows that the corporation is involved in...

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The Canadian Mortgage Landscape Is About To Change

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

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Pick or Pass: Building Permits – the Good, the Bad, and the Ugly

Nicole Harrington in Listings of the Week 

Toronto’s housing market is as diverse as its people: ranging in price, size, and location. I pick a Toronto listing or trend to...

Read More

Week In Review: Stressful Housing Economics in Toronto + Money Vanishes in Vancouver's Housing Market

Realosophy Team in Media RoundupToronto Real Estate News

Source: CBC

All you need to know regarding the housing market in Toronto, Canada and abroad.

This week in Toronto:...

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Home Prices Up Over 50% In GTA’s Hottest Neighbourhoods

John Pasalis in Toronto Real Estate News

Earlier this month the Toronto Real Estate Board announced that the average price of a detached home in the 905 region was up 29.4%...

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Why It’s Too Soon to Know How a Trump Presidency Will Affect Our Mortgage Rates

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

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The Real Reason TD Raised Its Mortgage Prime Rate Last Week

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

Read More

The Bank of Canada Changes the Way That It Monitors Inflation

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

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Lawyers Selling Homes Could Upset the Realty Apple Cart

Bob Aaron in Legal, Real Estate Trends

An interesting development in Picton, Ont., provides a glimpse into a possible future business model for real-estate brokerages.

A law...

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Want A Cheaper Loonie? No Need to Cut Rates If Jawboning Does the Trick

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

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Pick or Pass: So, Let’s Talk About Malvern

Nicole Harrington in Listings of the Week 

Toronto’s housing market is as diverse as its people, ranging in price, size, and location. I pick a Toronto listing or trend to...

Read More

What Canada’s Latest Mortgage Rule Changes Mean for You – Part Four

Dave Larock in Interest Rate Update, Mortgages and Finance

In Part One of my four-part series covering our Department of Finance’s latest round of mortgage-rule changes, we...

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What Canada’s Latest Mortgage Rule Changes Mean for You – Part Three

Dave Larock in Interest Rate Update, Mortgages and Finance

In Part One of this series about the upcoming mortgage-rule changes, we focused on the first change that takes...

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Week In Review: 905 Heats Up + Changes for Canada's Housing Market

Realosophy Team in Media RoundupToronto Real Estate News

Source: CBC

All you need to know regarding the housing market in Toronto, Canada and abroad.

This week in Toronto:...

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Make Sure Home Seller’s Promises are Met Before Closing

Bob Aaron in Legal, Home Buying, Home Selling

A small claims court decision released last year underscores the importance of careful wording of seller promises in agreements...

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What Canada’s Latest Mortgage Rule Changes Mean for You – Part Two

Dave Larock in Interest Rate UpdateMortgages and Finances

In Part One, we focused on the mortgage-rule change that will take effect on October 17, 2016. Today, in Part Two,...

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R Listing: Do School Districts Affect Home Values?

Nicole Harrington in Listings of the Week 

 Here's my closer look at a recent Realosophy listing brought to market by our busy sales team - along with key insights and the...

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Week In Review: Is This A Good Time To Buy In Toronto + How Mortgage Changes Affect You

Realosophy Team in Media RoundupToronto Real Estate News

Source: CP

All you need to know regarding the housing market in Toronto, Canada and abroad.

This week in Toronto:...

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What Canada’s Mortgage Rule Changes Mean For You - Part 1

Dave Larock in Interest Rate UpdateMortgages and Finances

** Update on the Mortgage Qualifying Rate stress-test that was to be implemented on Oct 17th – The Department of...

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How Would Higher Mortgage Rates Affect You at Renewal?

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

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Is This a Good Time to Buy a Home in Toronto?

John Pasalis in Toronto Real Estate News, Home Buying

As I started my own home search a few months ago I found myself in an interesting position – for an owner of a real...

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Pick or Pass: Affordable Spots for First-Time-Home-Buyers

Nicole Harrington in Listings of the Week 

Toronto’s housing market is as diverse as its people: ranging in price, size, and location. I pick a Toronto listing or trend to...

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Don't Buy Unregistered New Homes

Bob Aaron in Legal, Home Buying

Tarion Warranty Corporation has warned Ontario’s builders and real-estate agents they can be charged and fined if involved in the sale of an...

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Why Last Week Matters to Future Canadian Mortgage Rates

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

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Pick or Pass: If It Looks Too Good to Be True, It Just Might Be

Nicole Harrington in Listings of the Week 

Toronto’s housing market is as diverse as its people: ranging in price, size, and location. I pick a Toronto listing to focus on each...

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The Tipping Point for Toronto’s Real Estate Market

John Pasalis in Toronto Real Estate News

Torontonians have become so accustomed to hearing about how competitive the real estate market is and how quickly prices are rising...

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Quiet Announcement Could Have Big Impact on Canadian Mortgage Rates

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

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Week In Review: Toronto Is Canada's Hottest Market + An Ugly Choice for Cities

Realosophy Team in Media RoundupToronto Real Estate News

Source: Notable

All you need to know regarding the housing market in Toronto, Canada and abroad.

This week in...

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R Listing: Why Condo Towns are the Next Big Thing

Nicole Harrington in Listings of the Week 

Here's my closer look at a recent Realosophy listing brought to market by our busy sales team - along with key insights and the...

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Tarion needs to increase homebuyers deposit protection

Bob Aaron in Legal, Home Buying

An interim report on the Tarion warranty corporation should have gone further to protect home buyers’ purchase deposits.

Special adviser J....

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Are You Buying the Hope That Bank of Canada is Selling?

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

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Extravagant fees crush legal basement apartments - and density goals

Bob Aaron in Toronto Real Estate News

In the face of a serious housing shortage in the GTA, the City of Toronto is actively discouraging homeowners from legally adding one or...

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Week In Review: Toronto Home Prices Soar (Again) + Industry Pushes for Townhomes

Realosophy Team in Media RoundupToronto Real Estate News

Source: See Toronto Now 

All you need to know regarding the housing market in Toronto, Canada and abroad.

...

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The Real Reason the U.S. Federal Reserve Might Raise Rates

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

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Week In Review: The Foreign Capital Debate Continues + Is Canada Sitting On A Housing Bubble?

Realosophy Team in Media RoundupToronto Real Estate News

Source: CP 24

All you need to know regarding the housing market in Toronto, Canada and abroad.

This week in Toronto:...

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The (U.S.) Elephant’s Latest Twitches and Grunts

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

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R-Listing: Why East York is Super Hot for Families

Nicole Harrington in Listings of the Week 

 

Here's my closer look at a recent Realosophy listing brought to market by our busy sales team - along with key insights and the...

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Five of My Most Read Posts In Case You Missed Them the First Time

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

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Week In Review: Developers Sit On Land In Toronto + Lack Of Supply Drives Surge

Realosophy Team in Media RoundupToronto Real Estate News

Source: Blog TO

All you need to know regarding the housing market in Toronto, Canada and abroad.

This week in...

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Are Canadian Variable Mortgage Rates Headed Lower?

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

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Pick or Pass: Time for You to Consider Regent Park?

Nicole Harrington in Listings of the Week 

Toronto’s housing market is as diverse as its people: ranging in price, size, and location. I pick a Toronto listing to focus on each...

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Week In Review: Condo Inventory Falls To Decade Low + What Foreign Buyer Tax Means

Realosophy Team in Media RoundupToronto Real Estate News

Source: Wikipedia Commons

All you need to know regarding the housing market in Toronto, Canada and abroad.

...

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When All Else Fails, Canadian Economy Policy Makers Pray for Rain

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

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Pick or Pass: Why is this House Over 60 Days on Market?

Nicole Harrington in Listings of the Week 

Toronto’s housing market is as diverse as its people: ranging in price, size, and location. I pick a Toronto listing to focus on each...

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Week In Review: Offshore Buyers Head To Toronto After B.C. Law

Realosophy Team in Media RoundupToronto Real Estate News

Source: Blog TO

All you need to know regarding the housing market in Toronto, Canada and abroad.

This week in...

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Tenants shouldn’t be able to ‘game the system’

Bob Aaron in Legal

How many times do Ontario judges have to cry out for changes to the landlord and tenant court procedure to prevent tenants from “gaming the system” before...

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Why the U.S. Federal Reserve Won’t Be Hiking Its Policy Rate Any Time Soon

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

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Week In Review: Finally a Bubble In Toronto? + BC Taxes Foreign Buyers

Realosophy Team in Media RoundupToronto Real Estate News

Source: CBC

All you need to know regarding the housing market in Toronto, Canada and abroad.

This week in Toronto:...

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Dangerous real-estate document a path to court

Bob Aaron in Legal, Home Selling

The Seller Property Information Statement (SPIS) continues to be the single most dangerous document in current use in the real estate market.

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First Signs of a Real Estate Bubble in Toronto?

John Pasalis in Toronto Real Estate News

Readers of this blog know that I am not one to call bubbles lightly (or every month for the past few years, like some). Something may...

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Inflation in Canada Remains Benign

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

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Pick of the 6ix: Is This Small Town the Next Big Thing?

Nicole Harrington in Listings of the Week 

Toronto’s housing market is as diverse as its people: ranging in price, size, and location. We pick the top Toronto listing in each...

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Week In Review: CHMC Calms Condo Market Fears + Housing Spurs BC Budget Surplus

Realosophy Team in Media RoundupToronto Real Estate News

Source: Global

All you need to know regarding the housing market in Toronto, Canada and abroad.

This week in...

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The Bank of Canada’s Latest Comments Bolster the Lower-for-Longer Rate View

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

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Week In Review: Optimism Grows In Toronto + Luxury Market Soars

Realosophy Team in Media RoundupToronto Real Estate News

Source: 123RF

All you need to know regarding the housing market in Toronto, Canada and abroad.

This week in Toronto:...

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Web-based money transfer to streamline real-estate closings - but is it needed?

Bob Aaron in Legal

Editor's Note: This post was first published on July 2, 2016.

Will home buyers willingly pay an extra $148 to help lawyers close their purchase...

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Why I Found Last Week’s Change To The Mortgage Qualifying-Rate Puzzling

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

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Pick of the 6ix: Would You Leave the City for This Home?

Nicole Harrington in Listings of the Week 

Toronto’s housing market is as diverse as its people: ranging in price, size, and location. We pick the top Toronto listing in each...

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Your latest update on Brexit - and impact on Canadian mortgages

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

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Why is This House Back on the Market?

Nicole Harrington in Listings of the Week 

Editor's Note: Due to error, this post was recently reposted. It refers to a listing that was previously available. We apologize for...

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How the Brexit Affects Canadian Mortgage Rates

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

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Week In Review: No Summer Slowdown + The Brexit Impact On Real Estate

Realosophy Team in Media RoundupToronto Real Estate News

Source: Toronto Star

All you need to know regarding the housing market in Toronto, Canada and abroad.

This week in...

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Urbancorp bankruptcy reveals Tarion warranty shortcomings

Bob Aaron in Condo Buying, Home Buying, Legal

The recent insolvency of the Urbancorp builder group, and its impact on hundreds of would-be home buyers who wanted to complete...

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The U.S. Federal Reserve Morphs (Once Again) from Hawk to Dove

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

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This Week's Pick of the 6ix: A Legal Triplex

Nicole Harrington in Listings of the Week 

Toronto’s housing market is as diverse as its people: ranging in price, size, and location. We pick the top Toronto listing in each...

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Week In Review: Toronto Fears Housing (Again) + Taxing Paris Second Homes

Realosophy Team in Media RoundupToronto Real Estate News

Source: Yahoo

All you need to know regarding the housing market in Toronto, Canada and abroad.

This week in...

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Reduce, postpone or avoid real estate death taxes

Bob Aaron in Legal

 

The soaring values of GTA-area homes has made it an increasingly expensive proposition to die while owning real estate.

Huge probate taxes, officially...

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The Next Mortgage-Rule Change That Our Government Should Make

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

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Pick of the 6ix: Toronto's Listing of the Week

Nicole Harrington in Listings of the Week 

Toronto’s housing market is as diverse as its people: ranging in price, size, and décor. We pick the top Toronto listing in each...

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Week In Review: Poloz Sounds The Alarm In Toronto and Vancouver

Realosophy Team in Media RoundupToronto Real Estate News

Source: CBC

All you need to know regarding the housing market in Toronto, Canada and abroad.

This week in Toronto:...

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Latest U.S. Jobs Data Should End Speculation About Interest Rate Hike

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

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Pick of the 6ix: Toronto's Listing of the Week

Nicole Harrington in Listings of the Week 

Toronto’s housing market is as diverse as its people: ranging in price, size, and décor. We pick the top Toronto listing in each...

Read More

Week In Review: Hottest May for Toronto Real Estate + New Pape Subway?

Realosophy Team in Media RoundupToronto Real Estate News

Source: Blog TO

All you need to know regarding the housing market in Toronto, Canada and abroad.

This week in...

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Here’s how much a subway running under your home will cost you

Toronto’s subway story just got exciting-scary.

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Why the Bank of Canada Punted with Its Latest Statement

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

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Top Pick in the 6ix: Toronto ListingsThis Week

Nicole Harrington in Listings of the Week

Toronto’s housing market is as diverse as its people, ranging in price, size, and décor. We pick the top Toronto listing in each...

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Week In Review: Wait List For Affordable Housing Grows + America's Great Housing Divide

Realosophy Team in Media RoundupToronto Real Estate News

Source: CBC

All you need to know regarding the housing market in Toronto, Canada and abroad.

This week in Toronto:...

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Get a survey even if your agent says no

Bob Aaron in Legal, Home Buying

With cottage-buying season now underway, it’s important to remember that a land survey is the single most important document in the whole...

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All Eyes on the Bank of Canada This Week

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

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Six in the Six: Top Toronto Listings this Week - Luxury

Nicole Harrington in Listings of the Week

This is the luxury edition of the six in the six, where we highlight the top listings in each category weekly. Who made the cut this...

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Week In Review: Move Up or Move Out + Market Cooling?

Realosophy Team in Media RoundupToronto Real Estate News

Source: CBC

All you need to know regarding the housing market in Toronto, Canada and abroad.

This week in Toronto:...

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How China’s Future Might Affect Our Economy and Mortgage Rates

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

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Six in the Six: Top Toronto Listings this Week - GTA

Nicole Harrington in Listings of the Week

This is the GTA edition of the six in the six, where we highlight the top listings in each category weekly. Who made the cut this...

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Week In Review: Landmark Ruling Opens Up Toronto MLS + Fewer Listings For Spring

Realosophy Team in Media RoundupToronto Real Estate News

Source: Blog TO 

All you need to know regarding the housing market in Toronto, Canada and abroad.

This week in...

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New company to bypass lawyers in real estate money transfers

Bob Aaron in Legal

A new business to transfer funds in real estate purchases and sales is being proposed in Ontario.

The plan is to take control of all closing funds, move...

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How The Loonie’s Value Affects Your Mortgage Rates

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

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Week In Review: How Housing Is A Health Issue + Prices Go Up Big

Realosophy Team in Media RoundupToronto Real Estate News

Source: CBC

All you need to know regarding the housing market in Toronto, Canada and abroad.

This week in Toronto:...

Read More

Six in the Six: Top Toronto Listings this Week

Nicole Harrington in Listings of the Week

Toronto’s housing market is as diverse as its people: ranging in price, size, and décor. We pick the top Toronto listings in each...

Read More

Are all Condos a Good Investment?

John Pasalis in Condo Buying

Many research focused home buyers looking to make a smart home buying decision will often invest a lot of their time studying the average price per...

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What the U.S. Fed's Caution Means for Canadian Mortgages

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

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Six in the Six: Top Toronto Listings This Week

Nicole Harrington in Listings of the Week

Toronto’s housing market is as diverse as its people, ranging in price, size, and décor. We pick the top Toronto listings in each...

Read More

Week In Review: Spring Sweepstakes + The CMHC Makes A Verdict

Realosophy Team in Media RoundupToronto Real Estate News

Source: CBC

All you need to know regarding the housing market in Toronto, Canada and abroad.

This week in Toronto:...

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Regulating Ontario’s home inspectors is taking too long

Bob Aaron in Legal, Home Buying, Condo Buying

 

There’s good news and bad news for homebuyers who would like to see a formal licensing protocol instituted for the province’s...

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Will the Latest Canadian Inflation Data Affect Our Mortgage Rates?

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

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Week in Review: Undersupply Is The Problem in Toronto

Realosophy Team in Media RoundupToronto Real Estate News

Source: Toronto Sun

All you need to know regarding the housing market in Toronto, Canada and abroad.

This week in...

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Will a New Coffee Shop Increase my Home Value?

Nicole Harrington in Real Insight

For about a year now we have been seeing articles touting the ability of Starbucks, and other consumer facing retailers, to dramatically...

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Be wary of HST rebate rules when buying a new home

Bob Aaron in Legal in Home Buying, Condo Buying

A decision by the Tax Court of Canada last month has muddied the waters about who is — and is not — entitled to the new-home...

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Why the Bank of Canada Is Stuck in Neutral

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

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Week In Review: Millennials Remain Optimistic + Housing Boom Rolls On

Realosophy Team in Media RoundupToronto Real Estate News

Source: CP 24

All you need to know regarding the housing market in Toronto, Canada and abroad.

This week in...

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Toronto's Hottest Neighbourhoods - 2016

 

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Thinking about a career in real estate?

Realosophy Team in Realosophy News

Have you wondered about becoming a real estate agent, but worried about taking the plunge?

We’ve designed the Realosophy Sales Assistant...

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Can You Afford to Buy a Home in Toronto?

Nicole Harrington in Home Buying 

 

Feeling Priced Out? What Options do New Home Buyers Have in the Toronto Market?

With houses selling for hundreds of thousands of...

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Did the Market Overreact To the Latest Canadian Employment Data?

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

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Week In Review: Toronto Remains Hot + Canadians Have Faith In Housing Market

Realosophy Team in Media RoundupToronto Real Estate News

Source: Toronto Star

All you need to know regarding the housing market in Toronto, Canada and abroad.

This week in...

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Why Toronto's Real Estate Market is so Fiercely Competitive Right Now

John Pasalis in Toronto Real Estate News

If you're a buyer looking for a home in Toronto right now, you probably know first hand how competitive the market is.  You are...

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Why Markets Aren’t Likely To Overreact To the Latest U.S. Employment Data

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

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Week In Review: Widening the gap between Condo towers + Dousing fears of a collapse

Realosophy Team in Media RoundupToronto Real Estate News

Source: Globe and Mail

All you need to know regarding the housing market in Toronto, Canada and abroad.

This week in...

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Three U.S. Trends That Could Push Canadian Mortgage Rates Higher

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

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Week In Review: What The Federal Budget Means For Toronto

Realosophy Team in Media RoundupToronto Real Estate News

Source: Blog TO

All you need to know regarding the housing market in Toronto, Canada and abroad.

This week in...

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What the U.S. Fed’s Surprising Shift in Tone Means for Canadian Mortgage Rates

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...

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Week In Review: A Frenzy In The Suburbs + Toronto Eyes New Powers

Realosophy Team in Media RoundupToronto Real Estate News

Source: Blog TO

All you need to know regarding the housing market in Toronto, Canada and abroad.

This week in...

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Week In Review: Bully Bidders In Toronto + Battles In The Suburbs

Realosophy Team in Media RoundupToronto Real Estate News

Source: The Star

All you need to know regarding the housing market in Toronto, Canada and abroad.

This week in...

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Condo buyers beware: How some builders overcharge for taxes

Bob Aaron in Legal, Condo Buying

Editor's Note: This article was first published Feb 13 2016.

Thousands of purchasers of new condominiums are being overcharged for property...

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Late mortgage payment charges contrary to Interest Act

Bob Aaron in Legal

Editor's Note: This article was first published on Feb 1 2016.

A decision of the Ontario Court of Appeal has ruled that late payment charges and default...

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Will Canadian Mortgage Rates Rise Given Latest U.S. Employment Data?

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Mon morning for analysis that...

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Week In Review: A Sales Surge In February + Buyers Turn To Condos

Realosophy Team in Media RoundupToronto Real Estate News

Source: WikiCommons

All you need to know regarding the housing market in Toronto, Canada and abroad.

This week in...

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Protecting condo buyers from changes in final sale agreements

Bob Aaron in Legal, Condo Buying

Recent lawsuits over material changes in final sale agreements have ended with the courts ordering buyers’ deposits fully refunded.

Three...

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Should You Choose a Fixed or Variable Mortgage Rate Today?

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Mon morning for analysis that...

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Week In Review: Buyers Envy in Toronto + Rental Market Picks Up Steam

Realosophy Team in Media RoundupToronto Real Estate News

Source: The Globe and Mail

All you need to know regarding the housing market in Toronto, Canada and abroad.

This week

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How to Avoid Buying At the Peak of a Real Estate Bubble

John Pasalis in Home Buying

No home buyer wants to be the sad buyer in our chart below who bought their house at the absolute peak of a real estate bubble, just before prices...

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With Negative Interest Rates, All That Glisters Is Not Gold

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Mon morning for analysis that...

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Week In Review: Housing Correction Coming? + Radical Regional Differences

Realosophy Team in Media RoundupToronto Real Estate News

Source: Toronto Star

All you need to know regarding the housing market in Toronto, Canada and abroad.

This week in...

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The Science of Home Buying

John Pasalis in Toronto Real Estate News, Home Buying

For decades, real estate agents have been helping home buyers with the art of buying a home. They have advised them on...

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Week In Review: Shadow Flipping Draws Concern + Morgan Stanley Pays Up

Realosophy Team in Media RoundupToronto Real Estate News

Source: CBC

All you need to know regarding the housing market in Toronto, Canada and abroad.

This week in Toronto: ...

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Making Sense of Real Estate Bubbles

John Pasalis in Toronto Real Estate News

Bubbles are always easy to call after the fact, but things are far less clear when you’re in one.

The fact that leading economists...

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Why Lower Canadian and U.S. Employment Reports Not All Bad

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Mon morning for analysis that...

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Week In Review: Toronto's east end is the hottest + Canada's real estate problem

Realosophy Team in Media RoundupToronto Real Estate News

Source: City TV

All you need to know regarding the housing market in Toronto, Canada and abroad.

This week in...

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How the U.S Federal Reserve Surprised Markets Last Week

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Mon morning for analysis that...

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Week In Review: Toronto buyers jump in + CMHC issues warning

Realosophy Team in Media RoundupToronto Real Estate News

Source: The Globe

All you need to know regarding the housing market in Toronto, Canada and abroad.

This week in...

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Why the Bank of Canada Didn’t Deliver its Expected Rate Cut

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Mon morning for analysis that...

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Week In Review: Toronto Seniors Bigger Buyers of Condos Than Millenials

Realosophy Team in Media RoundupToronto Real Estate News

Source: Weekend Trips

All you need to know regarding the housing market in Toronto, Canada and abroad.

This week in...

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You Will Live in Your Current Home for 10 Years and Other Surprising Facts

John Pasalis in Toronto Real Estate News

The Toronto Real Estate Board published the results of a survey of recent and intending home buyers which reveals some interesting...

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Why Aren’t Canadian Mortgage Rates Falling When They Should?

Dave Larock in Interest Rate UpdateMortgages and Finances

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Week In Review: Trudeau and Tory meet with housing in mind and Canada's housing boom could come to an end

Realosophy Team in Media RoundupToronto Real Estate News

Source: Blog To

All you need to know regarding the housing market in Toronto, Canada and abroad.

This week in...

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Why Toronto Home Prices won’t Fall in 2016

John Pasalis in Toronto Real Estate News

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What Latest Canada and U.S. Employment Data Mean for Our Mortgage Rates

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Mon morning for analysis that...

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Week In Review: Toronto's housing market primed for strong year and millennials lead the way

Realosophy Team in Media RoundupToronto Real Estate News

Source: Weekend Trips

All you need to know regarding the housing market in Toronto, Canada and abroad.

This week in...

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Five Factors That Will Drive Canadian Mortgage Rates in 2016

Dave Larock in Interest Rate UpdateMortgages and Finances

Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Mon morning for analysis that...