Why five-year variable rates will likely save money versus their fixed-rate equivalents in 2022 (and beyond).
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A deeper dig into a new pitch from 'Key'.
Experts discuss what's ahead and whether 2022 could bring a more balanced market.
Colder weather has had no effect on Toronto’s red hot housing market which continued to show signs of heating up last month.
Why are we are seeing such a huge increase in those wanting to invest instead of live in our homes?
Real buyer demand has explained home prices rises recently, but is a familiar old factor now the story?
Always read the fine print when you rent home equipment like furnaces, A/C, HVACs and water softeners.
The Bank of Canada indicates that rate hikes are likely to come soon. What does that mean for the market?
Our Consumer Price Index (CPI) rose to its highest level in 19 years last month, but the CPI component that matters most of all still lags.
A fair ruling or is it just downright batty?
The steady drumbeat of inflation warnings have variable-rate borrowers wondering whether they should lock into a fixed rate.
The Toronto Area real estate market once again posted strong numbers in October.
With interest rates rising, could Canadian housing prices finally start to cool?
Today’s post highlights what the US Fed said last week, offers my take on the latest US and CDN employment data, and explains why I think the rate-hike hype is getting to be a ...
A self-reinforcing cycle of higher expected inflation leading to higher actual inflation is the primary risk that central bankers now face.
One spooky surprise taught these homeowners an important lesson about disclosure.
In Toronto: Multiple-property owners are now the largest slice of homebuyers as Toronto real estate is 'insanely competitive" right now.
Here is what these experts think you can expect for the fall market in Canada.
Why a recent CBC investigation into unethical behaviour by some buyer agents fails to tell the full story.
In Toronto: Unrealistic seller expectations cause home price jumps and Ontario needs to add more homes than it ever has before just to keep up with population growth.
Here's what this may mean for our mortgage rates.
In Toronto: As September sees another jump in Toronto house prices, the industry calls on government to do something about supply.
Average house prices jump up after months of holding steady as new listings remain historically low and average condo prices rise slightly.
Buying a house with a "private drive" may not be as straightforward as you'd think in Toronto.
The Liberals have proposed many changes to Canadian housing policy - which of these are likely to happen and what will their impacts be?
Will continuing inflation worries in the wake of Covid-19 lead to tightening monetary policy - and the resulting impacts on mortgage rates?
In Toronto: The fight against NIMBYism in the city zeroes in on restrictive zoning laws and a city council decision on rooming houses.
In Toronto: Houses are being built in Canada, just not here. Find out why, along with how September distractions - read: federal election - have distracted the market.
A Superior Court decision in August provides valuable guidance on how buyers and sellers should act when a property suffers substantial damage before closing.
Inflation will likely be a longer-term issue for Canada - but it may not affect our interest rates immediately.
In Toronto: What happened to house prices in this city under the leadership of Justin Trudeau and how the federal parties aim to remedy the GTA's housing problems.
We are finally outraged about high home and rent prices enough to have Canadian politicians pledging to do something about it - will any of the proposals actually work?
A look back on how housing affordability became one of the hottest issues in today's Canada.
A 56% decline from inventory levels year-over-year as the fall market is expected to remain as competitive as it has been this summer.
Of the many measures being put forward, which proposals will actually help Canadians with housing affordability?
In Toronto: Where does Housing Now stand some three years later and what one central Toronto riding thinks when it comes to the election and housing.
In Toronto: The housing supply in the GTA hits its lowest level in a decade as measures in federal party platforms leave much to be desired.
Home buyers routinely go for stressful and inefficient plays in the strange game that is Toronto real estate - here's what to do instead.
When a title insurer pays a referral fee to a lawyer for arranging a policy on a client’s property purchase, who should get the benefit of the fee — the lawyer or the client?
In Toronto: Don't call it a comeback, but the Condo market is on fire. We explained how it happened and why in our Move Smartly feature.
Ahead of our fall election, all of Canada's political parties are full of ambitious housing policy pitches.
Until now, Ontarians who own land could have legally been made to maintain public roads - not a job most are equipped for.
In Toronto: GTA voters have their eyes on the federal parties and their housing platforms as downtown rents rise again.
In Toronto: Cooling market still remains competitive as new house listings plummet and downtown rental demand rebounds.
July's market numbers show that new listing supply for houses is falling faster than for condos.
In Toronto: While home sales might have dropped, prices roses again in July and the condo market regains its footing.
If you are buying a selling a home, avoid scheduling your closing date on September 30.
Why it is unlikely that the the Bank of Canada will raise the rates that affect our mortgages ahead of its US counterpart.
In Toronto: New plans for Ontario place, some homeowners under 35 are property rich, and the city gets $132M from the feds for housing.
In Toronto: As real estate market slows, sellers are readjusting expectations and a new study shows how much expensive GTA housing costs our overall economy.
The Toronto area market is still competitive and favouring sellers - but things are cooling down.
In Toronto: A summer sales slowdown continues into its third month, why is TO so expensive relative to Chicago and Toronto punts rooming house decision.
When thinking about what might trigger a decline in home prices, there are generally two broad categories — a fundamental trigger and a behavioural trigger.
Is it financially safe and worth making so many other sacrifices - like a long commute or living on a busy street - to get into the Toronto area housing market right now?
In the GTA's overheated market, even first-time buyers with good incomes are finding it nearly impossible to afford a home without long commutes to the city.
A key factor to watch will be the cost of worker wages which have risen as the economy re-opens.
In Toronto: A confusing time for buyers as the market suddenly cools...for most homes.
The US Federal Reserve has moved up its projected increases up from 2023 to 2024 as debate over inflationary pressures continues.
In Toronto: The big Realosophy monthly report is out, which indicates a downward trend in sales from last March's peak.
House sales of 7,825 in May are up 157% over last year - but this is due to the anomalies of the COVID-19 lockdown last year - and sales volumes have been trending down since...
In Toronto: Don't expect a pullback in the housing market anytime soon as sellers are poised for a post-COVID-19 blitz.
Will a pullback in the market lead to lower average home prices in the coming months or will prices stay high throughout 2021? What would it take to bring down the average cost...
Why only reporting upbeat and positive information is the domain of old school real estate brokerages.
Latest economic data suggests Canadian mortgage rates will hold steady.
In Toronto: Prices ever higher, sales slow down during lockdown, and confessions from those couldn't - and wouldn't - buy in a home Toronto now.
With even experts mixed on where inflation will go, mortgage holders should dig into the debate to decide for themselves.
In Toronto: Clever billboard spotlights Toronto's out-of-reach home prices and a dubious new listing tactic.
Out catching rays? Here's a quick catch-up on key news that relates to your mortgage.
In Toronto: The city once again ranks as one of the least affordable cities in North America + How can we tackle unaffordability?
The inflation bogeyman has arrived - but does that mean higher mortgage rates?
In Toronto: Some buyers exit the market after an exhausting winter as the market for houses shows signs of cooling.
The most important trend of note now is the start of a gradual cooling down in the market for houses across the Greater Toronto Area.
Lower Canada jobs numbers could be attributed to our continued lockdowns - but why is the US jobs recovery also lagging amidst high vaccination rates?
In Toronto: The detached home market is cooling but the condo sales slump appears to be over with sales reaching pre-pandemic levels.
Can a buyer terminate a transaction and get their deposit back if the published listing significantly overstates the size of a house?
In spite of the BoC's most recent statement signalling earlier rate hikes, variable rate mortgage borrowers may not want to lock in just yet.
In Toronto: In Toronto and Vancouver many own more than one home + homebuyer complaints on the rise.
In Toronto: The condo market sales spring back to life while vacancies remain high and is the exodus from the core over?
While the federal budget won't make homes more affordable in Canada, average buyers and sellers won't be impacted by policy-induced market shocks either.
These are tumultuous times for both Canadian mortgage rates and real estate.
Ahead of this Monday's Federal Budget, John Pasalis shares his views on what our politicians should do to make Canadian homes more affordable.
In Toronto: All eyes are on potential housing market measures in Canadian federal government's budget on Monday, in a year in which the Toronto family home dream appears to...
With 79% of houses and 63% of condos selling over the asking price in a pandemic no less, average home buyers are stressed - and confused.
Canada banking regulator tries to cool rising house prices as of June 1st - but are they taking the right approach?
A frank admission acknowledges what many have been saying - but does the government really care?
In Toronto: Amidst a pandemic, Toronto home sales and prices continue to rocket - and this time, suburbs and outburbs are part of the ride.
In Toronto: Condo market competitive again and home sellers thinking about cashing in on a hot market wonder where they could afford to buy.
In Toronto: Regulators finally sound the housing alarm, but is it too late as bidding wars continue to heat up?
Privacy screens and video cameras out while religious decorations allowed in recent Ontario legal rulings on shared condo building/townhouse spaces.
What action should policy makers take to mitigate Canada's runaway home prices - and what are they most likely to do?
This month we explore the booming housing market in Toronto and across Canada and how new macro-prudential policies can be introduced to help cool the market.
In Toronto: A wild year for the condo market and Toronto's housing bubble gets international attention.
Over the last several months, prices for PEC homes have become disconnected from reality.
This month we do a data dive on the City of Toronto’s volatile condo market over the past year.
Where will things go for variable and fixed rate mortgage borrowers?
In Toronto: The affordability crisis in the city cannot be ignored, as demand continues to flourish with little supply.
'Excessive exuberance' on display in the Toronto area real estate market right now.
With fixed rates rising, should you be changing your game plan?
In Toronto: It's bubbling, that much is clear. What's next for Toronto's red-hot housing market? Very expensive dilapidated garages.
Who is responsible when a home is so defective that it is deemed unsafe to occupy?
In Toronto: Bubble signs abound in the city as the CMHC acknowledges a soaring housing market and the return of flippers.
With some homes getting up to 30 offers in the Toronto area right now, how can you get ahead as a buyer?
In Toronto: An in-depth look at the Toronto suburban housing bubble and where we go from here.
With shortage of listings and continued demand from Toronto migrants, the real estate market was firmly in bubble territory with a price increase of 41%.
In Toronto: The suburban house market is bubbling and what it means, plus where are condo prices rising the fastest?
While lockdowns have lowered infection rates and saved lives, it has negatively impacted our economic momentum and will ultimately add to the time needed for our society to...
Realosophy's John Pasalis talks to Yahoo Finance on the record highs in real estate and why work from home, low inventory, bidding wars, and the Bank of Canada raises housing...
In Toronto: The numbers behind the urban exodus and the search for condo affordability, fierce bidding for Toronto homes and a condo bounce back.
In this post we look at the condominium neighbourhoods within the Toronto and GTA area that have performed well in terms of home price appreciation during 2020.
Given the year we’ve had and the impacts of the COVID-19 pandemic, it’s interesting to note which neighbourhoods within the Toronto and GTA area have performed well in terms of...
We are in the middle of a race between the virus and the cure, and both the timing and the outcome are still very much in question. The direction of mortgage rates depend on...
In Toronto: Even the bullies are locking heads in a red-hot housing market, while rental-condo listings jump an exorbitant amount.
In this month's Move Smartly report, we look at key trends to keep an eye on in the Toronto real estate market during 2021.
In Toronto: Suburbs becoming unaffordable; seller fatigue in condo market as rental vacancy rate hits a 50-year high in the city.
In this month's Move Smartly report, we look back at 2020 and how COVID-19 impacted the Toronto real estate market.
In Toronto: Life returns to the condo market, led by investors looking for value, plus pandemic vaccine creates 'safe' feeling lifting real estate markets to new highs.
The strong seller’s market in Prince Edward County continued in December - for how long depends on second wave Covid-19 lockdowns impact on incomes.
What happens when home sellers leave behind possessions, or even cash? Should buyers keep their findings or return it to the sellers?
Realosophy's John Pasalis talks to BNN's Greg Bonnell about record month in which sales surged 64.5 per cent year-over-year amidst double-digit gains in all property types.
How COVID's second wave will impact unemployment and overall business, increasing the likelihood for another Bank of Canada rate cut.
In Toronto: Home prices broke records in 2020, condo prices appear to stop declining, and the challenges of making housing affordable in this city.
This month's Move Smartly report discusses when Toronto's downtown condo market will return to normal and the many vulnerabilities it faces.
In Toronto: Virtual light show instead of fireworks, soaring prices should worry policy makers heading into the new year and a condo recovery could be coming.
A couple in Edmonton find $500,000 while renovating their new home. Finders, in Canada though, are not necessarily keepers.
In Toronto: Durham region home prices spike due to Toronto exodus + Mom and Pop condo investors struggle.
How concerns about the Canadian dollar rising against its U.S. counterpart may affect our mortgage rates going forward.
These are the key factors that will impact Canadian mortgages and rates going forward.
In Toronto: A vacant home tax could be coming, but is it too late? Plus, why the downtown core is key to the condo recovery.
Why predictions of a quick resolution to the pandemic - and rising mortgage rates - may be premature.
In Toronto: What the condo slowdown could mean for the rest of the market and buyers grow shy in heated environment.
Inflation spiked last month.
In Toronto: Condo prices are down 9% from peak and a new study uncovers stark inequality in renting conditions.
In Toronto: Young tenants are leaving tiny condos in the city's core, but for investors, it's time to watch and wait.
With a slowing job recovery and Covid resurgent, mortgage rates are likely to fall further - here's how to take advantage.
With the Bank of Canada keeping its policy low last week and until 2023, the fixed vs. variable debate is an unusually one-sided one right now.
In Toronto: Single-family homes sales continue unabated while condo rents have plunged and Canada big banks not worried about real estate market.
Extraordinary demand coupled with low listings are making County real estate unsustainable.
As the gap widens between Toronto's hot market for houses and a cooling market for condos, it's more important than ever to put your moves in the right order.
Why inflationary pressures will do little to impact our declining mortgage rates.
In Toronto: Smaller markets in Ontario gain as exodus out of Toronto continues and safety concerns in the city's 'ghost hotels.'
Will financial markets remain confident in Canadian real estate as the BoC winds up and keep our mortgage rates at their present lows?
In Toronto: Home prices soar on pent-up demand due to the pandemic, while tiny condos and condo rents are down.
In Toronto: Real estate prices and sales were at a high in September, but Condo-geddon looms as listings surge 215%.
While initial numbers have been encouraging, the recovery is now proving to as sluggish as predicted.
Essential fall reading to ensure your mortgage is on the right track.
In Toronto: The rental shortage in the coming years and slow housing development approval times.
In Toronto: How will the housing market shake out for the rest of this year and what falling rents in the condo market mean.
Last Wednesday the Bank of Canada (BoC) announced that it would hold its policy rate steady, as was universally expected.
In Toronto: Why people are leaving the big smoke for suburbia and what work from home could mean for the downtown core.
While good job numbers normally mean rising mortgage rates, our economy is still far from normal.
In Toronto: Another all-time record is hit as prices surge by 20% and rents are down, but not for everyone.
If you want to know where mortgage rates are headed, inflation holds the key.
In Toronto: Single-family homes lead the way in the construction recovery and renters have more power in softening rental market.
In Toronto: COVID-19 have altered preferences in the housing market and one couple decides to stick with their 'tower' Toronto home.
Why is the head of the Canadian Mortgage and Housing Corporation (CMHC) going his own way amidst an economic crisis?
In Toronto: The hottest housing regions are not in the city as both buyers and renters continue to flock outside the GTA.
Canadian mortgage rates have been on a wild ride of late.
In Toronto: A record breaking July for the real estate market comes as realtors continue to see exodus from the city.
Our interviews with top experts on the market amidst Covid-19 identified these key factors making an impact now - and what to watch for next.
In Toronto: Condo sales fall to their lowest rates since the Great Recession but house price activity is returning to pre-pandemic highs.
A new legal judgement suggests that Ontario condo boards must act reasonably towards owners deemed to be non-compliant.
In Toronto: Upward pressure on pricing continues as 65 neighbourhoods see a home price increase.
COVID-19 is redefining the world as we know it.
In Toronto: Airbnb conversions into long-term furnished condos spike and potential trouble looms in the housing market.
Strong jobs numbers in May and June mean little against the backdrop of unprecedented job and income loss due to COVID-19.
In Toronto: Home prices soar despite the coronavirus pandemic as John Tory is pressured to action on Ontario's eviction rules.
In Toronto: CMHC issues a new real estate warning, Toronto buyers flood cottage markets and city grapples with overcrowded housing amid the coronavirus pandemic.
The Bank of Canada joins those forecasting a prolonged and difficult economic road ahead.
In Toronto: It's now cheaper to rent than own a condo in Toronto and new build home sales hit 20-year low last month.
In Toronto: Downtown rents drop for the third consecutive month and while property market remains competitive in GTA even during a pandemic.
In spite of three months of economic free fall due to COVID-19, the Toronto real estate market seems to be returning to its pre-pandemic vigour.
The spring real estate market is showing signs of life - and the usual big bank low rate teaser.
In Toronto: GTA pop growth highest in North America, buyers flock to cottage country as virtual showings increase in popularity.
Not all mortgage lenders will implement CMHC's tighter rules, opening the door to more competition.
In Toronto: Housing sales are up but risk re-opening setbacks and mortgages controversially tightened.
In Toronto: Buyers starting to get back into the market and would be home sellers and tenants clash.
Canada's top mortgage body just shared some pretty bleak expectations - should we take heed?
A respected real estate lawyer warns against using untested COVID-19 clauses in property transactions.
Last week, the CMHC's CEO had a surprising suggestion.
Why the widely reported drop in condo prices in last week's news was misleading.
In the City: Does 69% drop in sales give new buyers a chance and inside the new real estate mindset.
The market is now more competitive than it was four weeks ago.
In the City: Home buyers begin to venture out and poor housing connected to higher number of COVID-19 cases.
The pandemic-induced economic slowdown will lower mortgage rates - but how low will they go?
In in the City: Home sales hit a record low in April and Google's smart-city project cancelled.
These five factors will help you figure out whether you'd come out ahead.
In Toronto: Average rents for Toronto Area condos have dropped, with downtown falling fastest.
An increase in months of inventory suggests buyers as slowly re-entering the market - but not all regions across the Toronto area are picking up at the same speed.
In spite of rate cuts and more aggressive measures, mortgage rates haven't lowered - until now.
In Toronto: Condo sales plummet 69%, but one measure shows better news for larger market.
Home sales numbers continue to be down across Toronto and the GTA, but an equal drop in new homes for sale appears to be keeping prices stable.
Toronto: GTA home sales are down sharply and home buyers are warned that they cannot back out of their deals as the real estate market stalls in the Coronavirus crisis.
The Greater Toronto Area saw a sharp decline in both sales and new listings as home buyers and sellers adjust to the reality of the Coronavirus crisis.
Toronto: What areas are performing the best and worst in the GTA as realtors forge ahead in an uncertain landscape.
Some markets in the Greater Toronto Area are showing signs of the type of slowdown that requires buyers and sellers to act carefully.
Why a variable rate mortgage is the clear winner for borrowers right now - while those holding HELOCs should beware.
Toronto: The real estate market comes to a stop as the city takes new measures to halt the coronavirus spread.
Toronto real estate market sales have dropped sharply in the third week of Ontario's state of emergency due to Coronavirus pandemic.
After nearly five years with no decreases, the bank's policy rate has dropped all the way from 1.75% to 0.25% in March alone - but not all mortgage borrowers will benefit.
Toronto: Latest on house prices, mortgage payment defferal, rental eviction freeze and more.
While the Coronavirus (COVID-19) crisis is unprecedented, its impact on the real estate market can be seen in terms of demand and supply effects which tend to be more familiar.
While authorities have announced that Canadians will be able to defer their mortgage payments due to the coronavirus (COVID-19) crisis, some key limits apply.
In Toronto: Ontario stops evictions amid COVID-19 (coronavirus) pandemic as uncertainty casts a pall on the market.
Research over 500+ Toronto Area neighbourhoods to see which fit your lifestyle needs - and offer the best return on your financial investment.
Global economic shocks have led to unforeseen drops in mortgage interest rates - so what should borrowers do going forward?
In Toronto: Coronavirus fears could push home prices even higher, bully buyers run rampant as prices escalate and do millennials really want condos?
Find out how local real markets are doing in over 500 Toronto area neighbourhoods - based on real time house price data.
Why it's unlikely that the Bank of Canada will lower its policy rate - and our mortgage rates - this Wednesday.
In Toronto: A heated market ripples outward as competition continues to thrive with foreign buyers returning to the scene.
The necessary change would increase buyer budgets today, but likely decrease affordability in hot markets and introduce more volatility for buyers going forward.
This week, I talked to BNN Bloomberg about the questions you should be asking yourself before investing in a pre-construction condo.
In Toronto: A supply shortfall pushes house prices north as the fear of missing out returns to the market.
John Pasalis, President of Realosophy Realty, joins BNN Bloomberg to discuss needed changes to Canada's mortgage stress tests - and why it is unlikely to make a big impact on...
In Toronto: Flashbacks to 2016 have key players in the housing market concerned as advocates call for more 'aggressive' affordability.
Condos in the Greater Toronto Area are fetching prices 15% higher than last year - but this time, it's not because of higher demand.
In Toronto: Home prices expected to rise by nearly 10 per cent as supply sinks as city puts plans to tax vacant homes on hold.
Realosophy's John Pasalis talks to BNN's Greg Bonnell about why sharply rising prices - particularly in Toronto's condo sector - might be a cause for concern.
An global health crisis is pushing investors towards safe havens, leading to a (lamentably costly) drop in fixed mortgage interest rates.
In Toronto: Single-family home sales recover as prices fall and how the province's new transit line could delay a major affordable housing project.
No change to policy rate keeps variable mortgage rates steady, but a less optimistic economic outlook pushes down fixed rates.
In Toronto: One study says it's less affordable to live in here than San Francisco or London while another indicates rent could increase seven per cent in 2020.
In Toronto: Why condo investors may be shocked by falling rents and will a high-end home tax force out Toronto talent?
Realosophy's John Pasalis chats with the team at BNN Bloomberg to review Toronto real estate in 2019 - and discuss what's ahead for 2020.
In today’s post I offer my predictions of where our fixed and variable mortgage rates are headed in 2020.
In Toronto: The market is back to its old tricks as prices soar, making it harder for newcomers to find affordable housing in the city.
In Toronto: John Tory vows to redouble efforts on transit and affordable housing in 2020.
In Toronto: What home buyers should do in a falling real estate market, the province and federal governments team up to help low-income renters, and the city declares housing...
While many buyers simply hope for the best, others focus on finding a bargain - but all should instead focus on steering clear of the problem areas that bring an overall market...
In Toronto: The provincial government recommends home co-ownership to solve housing crisis.
Pot's legal in Canada, but there are still good reasons to stay clear of a home that has been used a marijuana grow operation - here's how to do it.
Our current economic conditions suggest that lower interest rates may be coming soon, but the Bank of Canada does not share that assessment - yet.
Because sometimes better real estate starts with making the best of what you already have.
In Toronto: John Tory reverses course, vowing to increase and extend levy on property tax.
Sluggish 3rd quarter data means the Bank of Canada is unlikely to cut its policy rate - though it risks the need for more aggressive cuts in the future.
The Toronto Area real estate market is heating up and getting competitive this winter as sales and prices rise and the number of new listings falls.
In Toronto: A forecast predicts 6 per cent growth for home prices in 2020 and ending the 'vicious cycle' in social housing.
Fixed and variable mortgage rates are staying put for now - but there's a case for a rate cut in the future.
In Toronto: A provincial tribunal sides with the city in a landmark case against Airbnb landlords.
According to the Chinese Zodiac, 2019 is the Year of the Pig, but history may better remember it as the Year of the Falling Interest Rate.
When you have a small kitchen, you can't afford to have appliance regrets - here are a few with lasting power.
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?
Why it's important to know whether a home has heritage designation before you buy - and how to check.
Why momentum is swinging back to the regions - and types of homes - that were hit hardest in last few years.
Variable-rate mortgage borrowers are understandably wondering whether to convert to today’s lower five-year fixed rates. But should they?
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.
Why the variable interest rate may soon join the fixed interest rate - and start falling.
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.
Given how pervasive condos are to city living, why are so many unit owners out of touch with how condos are managed?
All Toronto area regions saw sales grow by double digits - except for Halton.
Why you may want to prioritize flexibility when it comes to your fixed-rate mortgage right now.
In Toronto: The city backs the Liberals, but what will Toronto get back and a fickle housing market leads to lowball offers.
Why the returning Liberal Government's first-time buyer incentives are unlikely to make much of a difference - and what policy changes would.
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?
Canadian fixed mortgage rates continued to rise last week.
In Toronto: Baby boomers scramble for properties as they seek to downsize and a decision on Airbnb looms.
Stuck between a slowing U.S. economy and the risk of fuelling Canadian consumer indebtedness, officials have another reason to delay a rate cut.
In Toronto: Home prices and rents expected to rise in a red-hot market as Under-35s are being left behind.
Toronto's fall real estate market opened with continued demand for detached homes throughout the Toronto area, with York Region leading the way.
As the U.S. economy starts to stall, will Canadian variable-rate borrowers see their first drop in four years?
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.
As Canadians head to the polls for the federal election, here are the policies they should be looking for.
In Toronto: Home buyers flood the fall market but they remain cautious and a new report indicates a crisis in the rental housing supply.
Converging U.S. and Canadian economies makes a variable-rate cut more likely this December.
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.
More Canadian than Toronto neighbours arguing about building an addition on a house? Arguing about a shared maple tree.
What are building permits - and how can they help you avoid buying homes with major problems?
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.
In Toronto: As condos sales continue to boom, landlord and renter antagonism is on the rise.
Owner stuck with $25,000 in court costs over cottage’s pre-existing issues - in spite of paying for title insurance.
In Toronto: Sales in the suburbs are up and the average cost of a one-bedroom rental reaches new and disturbing heights.
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.
Will rising inflation prevent the Bank from cutting its policy rate at its next meeting on September 4?
In Toronto: Signs of life in the 905 housing market after a soggy spring and startling price jump in neighbourhoods over five years.
While Canadian interest rates are likely to go lower, we'd be wrong to envy Danish-style negative interest rates.
The Bank of Canada likely overtightened during its last cycle - will it have to cut rates now that the world economy is slowing?
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.
Toronto area detached home sales in continued to surge in last month - so why are prices falling?
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.
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...
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.
Why we might be excited by the prospect of negative yield bonds - and interest-free or lower mortgages - they would be bad news.
In Toronto: Torontonians moving less due to fewer options, bidding wars return, and the condo poo-poo problem.
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.
In Toronto: New housing development applications dip under Ford government and how to maintain neighbourhood populations as families grow smaller?
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?
The Bank of Canada left its policy rate unchanged at 1.75% last week as expected - and finally opts for caution over optimism.
In Toronto: Home sales up by 19%, condo sales dip 3% and are luxury home sellers opting out of MLS.
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...
In Toronto: Amidst Pride celebrations, debates about Google-affiliated Sidewalk Labs waterfront plans dominate the real estate conversation.
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.
In Toronto: The feds say GTA first-time homebuyers can still benefit from mortgage program despite $560,000 cap
York Region detached homes were the hardest hit by a bubble in 2017 - so why are sales booming again?
What happens when sellers are late moving out?
In Toronto: Are mortgage stress tests making the housing crisis worse in a market with price-sensitive buyers?
Condos have helped to prop up a drooping real estate market in the Toronto area - but has demand for them started to cool?
If you are keeping an eye on mortgage rates, then you have probably been reading a lot about inverted yield curves lately.
The Bank of Canada is signalling an interest rate hike...so why is the bond market betting on a cut?
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...
Is a homeowner obliged to disclose to a potential purchaser that the house was the site of a gang murder?
Research shows that financial stress is among the top reasons couples get divorced. So why do we keep overspending on our homes?
In the City: Condo projects sold since 2016 in danger and Toronto battles the province over inclusionary zoning plans.
Prince Edward County announced its proposed system for licensing Airbnb’s at a packed public meeting on April 16th.
With inflation under control, will weaker economic data mean the Bank of Canada may soon look to cut interest rates?
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.
How will new home construction in Prince Edward County affect housing prices in the years to come?
Why there is no such thing as a simple will.
If it's healthier for the economy when more of us choose longer-term mortgages, Ottawa can do something to make this happen.
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...
Last week we learned that Canadian GDP contracted by 0.14% in February on a month-over-month basis.
In the City: Jaw-dropping 'over asking' price in Toronto, Airbnb has impact on city housing and is housing a human right?
Have the Bank of Canada's overly optimistic forecasts actually hurt our overall economic momentum?
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...
Will the Bank of Canada continue to shift to a more dovish outlook given latest economic developments?
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...
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.
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...
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.
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.
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...
Toronto is doing better at the things that matter most and was less affected by negative factors.
Canadian fixed mortgage rates have been on a steady downward march of late.
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...
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...
A variable-rate mortgage sounds like a slam dunk in the current environment, but it may not be.
In the City: Toronto Community Housing dispute continues while middle-class homebuyers embrace modernist architecture. Elsewhere: Canadians don't think policy alone will solve...
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?
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...
Will the Bank of Canada put an end to rate hike speculation when it meets this week?
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...
Bank of Canada Governor Stephen Poloz way want higher rates, but he needs stable inflation.
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...
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...
A key policy statement from south of the border suggests that our mortgage rates are unlikely to rise in Canada.
Toronto’s own zoning regulations are standing in the way of its goal to create 40,000 affordable housing units.
In the City: Has Toronto found a better way to build affordable housing and Ontario reverses Greenbelt development plan.
The good, the bad and the ugly details that might impact Toronto’s housing market in the year ahead.
In the City: What's in store for the Toronto condo market and politicians tackle the problem of (their own) high rents.
Has the Bank of Canada rushed too far in front of an uncertain economy?
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.
Frothy economic hopes are dissipating, making future mortgage rate increases unlikely.
In the City: Toronto new build home prices post biggest 12-month drop since '96 and is the Condo part going to sober up?
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...
Just like that, all of the dire warnings about rapidly rising Canadian mortgage rates disappeared faster than cookies and carrots on Christmas Eve.
In the City: Toronto home prices continue to rise and what the hyper-concentration of jobs downtown means for housing.
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...
In the City: Toronto real estate is vulnerable to money laundering and the dark side of the housing boom.
The Bank of Canada (BoC) is caught between a rock (rising inflationary pressures) and a hard place (waning economic momentum).
In the City: The province introduces a rent control exemption that could hurt Toronto tenants and the secret of the Four Seasons.
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?"
In the City: Commuting costs eat up house savings for many in the GTA and Toronto suburbs see major price declines.
What happens when an owner receives an incorrect status certificate issued by a condominium corporation?
In the City: Little relief in sight for Toronto home buyers as prices climb in October and the case for 30-year mortgages.
The Ontario government’s decision to repeal the Green Energy Act has also changed the rules for homeowners looking to sell their properties.
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.
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.
In the City: Toronto luxury home sales drop, but high-end condo sales are up and condo boards grapple with cannabis rules.
Will current optimism about Canada's economy push our mortgage rates up?
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...
Existing rentals exempted but a freeze on new rentals to come to most popular areas.
How will the new United States-Mexico-Canada trade agreement (USMCA) impact the Canadian economy - and our mortgage rates?
What happens when the rights of smoking and non-smoking tenants and landlords conflict?
When listing your home for sale, it’s important to choose a selling strategy that is going to help you achieve your goals.
Now that U.S. rates have increased - will Canadians rates mortgage rates follow?
In the City: GTA home sales rebound after a dark period and TREB CEO voices privacy concerns.
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?
In the City: Realtors still lack access to TREB sales data and city council candidates are asked to sign affordable housing pledge.
Home buyers need to come up with the money for a winning bid - even in a declining market.
An insider looks back on the impact of the 2008 U.S. subprime mortgage crisis from a Canadian perspective.
In the City: TREB warns real estate agents and those waiting for a Toronto house price crash likely to be disappointed.
Buyers of lakefront cottages should be aware of whether their land touches the water not only in fact but according to the registered title.
Buyers considering using a property as an airbnb rental should have a viable “Plan B” based on long-term rental.
If the Bank of Canada has moved to responding to fast-moving incoming data, will rates really rise in late October as currently expected?
Can buying in outlying areas normally thought of as 'cottage country' be a viable way to get onto the housing ladder?
In the City: Home prices rise as the housing market stabilizes following a turbulent year.
When will innovative Toronto-area brokerages like Realosophy finally be able to share home sold prices with consumers online?
Many expect the Bank of Canada to raise rates in late October - but does NAFTA uncertainty make that less likely?
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...
While the consensus expects another BoC rate rise in October, economic data between now and then may suggest otherwise.
In the City: End of a long legal fight means Toronto area realtors can now publish home sales data online.
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?
In the City: The Toronto home search moves to smaller Ontario cities and the GTA leads Canadian home sales.
Currently a "jewel in the rough," new plans for the picturesque harbour promise real change.
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?
Why are so many homes sitting empty and why has the number increased over last year?
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?
In the City: Cottage country denizens face off with Toronto buyers and condo buyers get more space in Waterloo and Hamilton.
Here are five news items from last week that should be of interest to anyone keeping an eye on Canadian mortgage rates.
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.
The key question for anyone keeping an eye on Canadian mortgage rates.
Toronto: Will a $10-million housing solution be affordable and Toronto beats the Bay Area in tech jobs.
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...
Toronto: Experts predict a return to normal GTA housing prices and Toronto facing undersupply of new homes.
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.
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.
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...
Toronto: Home prices at 13-month high amid influx of buyers and Mayor's affordable housing plan misses the mark.
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...
Toronto: Condo market may hit turbulence and can the city afford mid-rise housing?
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.
The Bank of Canada just got another reminder about the perils of offering forward guidance.
A trade war with the U.S. would likely impact mortgage borrowers in Canada - in more ways than you might think.
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...
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?
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...
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...
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.
Toronto: High house prices widen the inequality gap and how various Ontarians are fairing in the housing. market.
Can a person be convicted of illegally removing a property-line tree when the City has issued a permit authorizing it?
As the variable-rate mortgage wars rage on, savvy borrowers are advised to look carefully at the terms and conditions in their mortgage contract.
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...
One of the questions I get often from buyers is how house prices can remain stable while sales are declining and inventory is increasing?
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.
A recent court case emphasizes the importance of using a survey and getting accurate property measurements before signing an agreement in a home purchase.
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...
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?
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?
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...
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...
How is it that 22 condominium owners in a north Toronto development do not own the units they are living in?
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...
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...
Gillean Gibb and Liliana Maria Pereira are next-door neighbours on Grosvenor St., in London, Ont.
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...
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...
Toronto's 2017 housing bubble hurt consumers and worsened affordability, with some areas affected far more significantly than others.
Elsewhere: Canadian housing starts slowed...
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...
Last Friday Statistics Canada released our latest employment report, for March.
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...
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?
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...
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...
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...
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...
Dozens of purchasers in a Mississauga condominium project are awaiting news of further developments after the project was destroyed by fire earlier this month.
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.
When the Bank of Canada (BoC) met last week, it left its overnight rate unchanged, as expected.
The only real...
Last Thursday, seemingly out of the blue, President Trump announced that the U.S. would impose a 25% tariff on...
Our January inflation data have provided the latest fuel for the ongoing debate about when the Bank of Canada (BoC)...
After thirteen straight months of impressive gains, Canada’s labour market hit the brakes hard last month.
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...
Last Friday U.S. bond yields surged higher as investors reacted to the release of a stronger-than-expected U.S....
The consensus continues to believe that the Bank of Canada (BoC) will raise its policy rate by another 0.50% to...
The Bank of Canada (BoC) raised its policy rate by 0.25% last week, and it now stands at 1.25%.
Lender prime rates...
In today’s post I offer my forecast for five-year variable rates in 2018. (FYI - You can read my forecast for...
First off, I’d like to wish a very happy new year to my readers.
In today’s post I offer my forecast...
The Bank of Canada (BoC) left its policy rate unchanged last week, as expected.
In its accompanying statement the...
Last Friday Statistics Canada confirmed that our economy added a whopping 79,500 new jobs in November, and that...
Anyone keeping an eye on Canadian mortgage rates should pay close attention to our inflation data, which contain...
Last week we received the Canadian employment data for October, which was better than expected.
Our economy added...
With parts of the new Condominium Act coming into force next week, there is concern about important consumer protection sections in the act...
The Bank of Canada (BoC) left its policy rate unchanged last week, as expected. The Bank also sounded more cautious...
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...
Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...
Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...