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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...

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Homeowner, Court Tears Strip (Of Land) Off Neighbour

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

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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...

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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...

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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...

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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.

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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?

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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...

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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...

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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...

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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...

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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.

...

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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...

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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.

...

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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...

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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...

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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...

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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.

...

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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...

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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...

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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...

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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...

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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.

...

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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...

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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...

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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.

...

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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.

...

Read More

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...

Read More

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...

Read More

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...

Read More

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.

...

Read More

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...

Read More

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...

Read More

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...

Read More

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.

...

Read More

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...

Read More

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.

...

Read More

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...

Read More

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...

Read More

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:...

Read More

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...

Read More

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...

Read More

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...

Read More

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...

Read More

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...

Read More

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...

Read More

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...

Read More

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.

...

Read More

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...

Read More

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...

Read More

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...

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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:...

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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...

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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...

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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 Roundup