Filter by area

How Toronto Home Affordability Ran Away Under Justin Trudeau

A look back on how housing affordability became one of the hottest issues in today's Canada.

Read More

Toronto Market Update: Only 4,001 Houses for Sale in Aug As Listings Drop

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.

Read More

Federal Election Primer: Mortgage-Specific Proposals

Of the many measures being put forward, which proposals will actually help Canadians with housing affordability?

Read More

'Housing Now' Stuck + Solving Climate Crisis While Building Homes

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. 

Read More

The Bank of Canada’s Tough Spot

It's hard for the Bank not to acknowledge that our economy is stalling and that rates will likely need to stay put.
Read More

Supply Hits Decade Low In GTA + Federal Housing Policies 'Not Enough'

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. 

Read More

How Gambler’s Hope Perpetuates Toronto Bidding Wars

Home buyers routinely go for stressful and inefficient plays in the strange game that is Toronto real estate - here's what to do instead.

Read More

A Homebuyer Should Know If They — Or Their Lawyer — Will Get The Title Insurance Referral Fee

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?

Read More

The US Fed Maintains Its Slow-and-Steady Approach

 Why US authorities are going slow on winding up Covid economic responses - and how our mortgage rates will be affected.
 
Read More

Condo Frenzy Rages On + T.O Housing At 'Crisis Point'

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. 

Read More

Will Campaign Promises to Curb Foreign Buyers Actually Bring Down Canadian Home Prices?

Ahead of our fall election, all of Canada's political parties are full of ambitious housing policy pitches.

Read More

The Big Toronto Condo Rental Comeback

Following the pandemic-induced slowdown, the number of leased condo units has returned to a historically high level.

Read More

The Current Case for Variable-Rate Mortgages

There is much to suggest that rates will remain low - provided borrowers can tolerate the risk.
Read More

A Centuries-Old Law Requiring Ontario Landowners to Work on Local Roads is Coming Off the Books

Until now, Ontarians who own land could have legally been made to maintain public roads - not a job most are equipped for. 

Read More

Housing Big On GTA Voters' Minds + Where The Federal Parties Stand

In Toronto: GTA voters have their eyes on the federal parties and their housing platforms as downtown rents rise again. 

Read More

What Our Leaders Won't Say About Housing

As Canada heads into an election this fall, here's a closer look at two policy areas that need to be better linked to tackle housing affordability.

Read More

US Inflation Still Hot, But Leveling Off

While North American inflationary pressures in the wake of Covid-19 are a risk - there are signs that such pressures - and the impact they may have on our mortgage rates - may...

Read More

Toronto Market Cooling, Competition Still High + Is WFH Ending?

In Toronto: Cooling market still remains competitive as new house listings plummet and downtown rental demand rebounds.

Read More

Toronto Market Update: Cooling But Still Competitive As New House Listings Down 37%

July's market numbers show that new listing supply for houses is falling faster than for condos.

Read More

Employment Growth Surges, But So Do US Infection Rates

Why Canada and US vaccination rates may impact our economic recoveries - and our mortgage rates - more than job reports normally do.
Read More

Condo Comeback Here To Stay + Priced Out Millennials Leave Cities

In Toronto: While home sales might have dropped, prices roses again in July and the condo market regains its footing.

Read More

Are Investors to Blame for High House Prices?

How differing beliefs about the housing market between buyers and investors leads to very different market outcomes.

Read More

New September Holiday Will Affect Purchase and Sale Closing Dates

If you are buying a selling a home, avoid scheduling your closing date on September 30.

Read More

Thoughts on Last Week’s US Federal Reserve Meeting

Why it is unlikely that the the Bank of Canada will raise the rates that affect our mortgages ahead of its US counterpart.

Read More

Ontario Place Plans Feature Uncertain Timeline + Toronto Gets $132M For Housing

In Toronto: New plans for Ontario place, some homeowners under 35 are property rich, and the city gets $132M from the feds for housing. 

Read More

A Closer Look at the GTA's Cooling Market

Signs that the market is still moving quickly, but not as out-of-control as it was months ago.

Read More

Mortgage-Rate Primer: Five Key Recent Posts

Here's the latest on news and developments  that may impact Canadian mortgage rates. 

Read More

What Expensive Housing Really Costs Toronto + Why Are US 'Blue' Cities So Unaffordable?

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.

Read More

My Take on the Bank of Canada’s Latest Forecasts

How the Bank's thinking may impact our mortgage rates. 
Read More

Toronto Market Report: Average GTA House Price Stays At $1.3M Since Feb

The Toronto area market is still competitive and favouring sellers - but things are cooling down.

Read More

Toronto Slowdown Hits 3rd Month + Why is Chicago Housing Cheaper?

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. 

Read More

Does Toronto Have a Supply or Demand Problem?

There are always some that will perennially argue that a lack of supply is the only problem behind high home prices in Toronto - but it's not that simple.

Read More

What Trigger Could Make Toronto Area Home Prices Fall?

When thinking about what might trigger a decline in home prices, there are generally two broad categories — a fundamental trigger and a behavioural trigger.

Read More

What it will take for Toronto and Vancouver prices to fall?

Realosophy Realty's John Pasalis and Oakwyn Realty's Steve Saretsky join Jessy Bains from Yahoo Finance to discuss what is preventing home prices from decreasing in...
Read More

Should You Buy a Home in Toronto's Overheated Market Today?

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?

Read More

Canadian Employment Surges, But Bond Yields Don’t

The numbers suggest an economic recovery is underway, will higher mortgage rates follow?

Read More

Where Can You Buy a House in the Toronto Area for 700K?

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.

Read More

Why the US Employment Data Are Key for Canadian Mortgage Rates

A key factor to watch will be the cost of worker wages which have risen as the economy re-opens.

Read More

Five-Year Fixed Mortgage Rates Are Back at a Crossroads

Bond yields are moving up, but trends, from US in particular, will also impact where Canadian fixed mortgage rates go.
Read More

Toronto Area Market Cools & Confuses + Hamilton Joins 'Unaffordable' List

In Toronto: A confusing time for buyers as the market suddenly cools...for most homes.

Read More

How Will Canadian Mortgage Rates Be Impacted by New US Rate Timetable?

The US Federal Reserve has moved up its projected increases up from 2023 to 2024 as debate over inflationary pressures continues.

Read More

The 'Financialization’ of Housing Hits Canada + Demand Lessens In T.O

In Toronto: The big Realosophy monthly report is out, which indicates a downward trend in sales from last March's peak. 

Read More

Toronto Market Report: May Sales Up YOY But Down from March 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...

Read More

Is it Possible That Canadian Real Estate Prices Have Hit Their Peak?

Realosophy Realty's John Pasalis and Oakwyn Realty's Steve Saretsky join Jessy Bains from Yahoo Finance to discuss at whether the real estate market can get any hotter or...
Read More

Five Observations About the Bank of Canada’s Latest Policy Statement

The Bank of Canada (BoC) held a steady course at its meeting last week, but where will mortgage rates go from here?

Read More

No Housing Pullback In Sight + Home Ownership 'Distant Dream' For Many

In Toronto: Don't expect a pullback in the housing market anytime soon as sellers are poised for a post-COVID-19 blitz.

Read More

Another year without a pullback in the housing market - What does it mean?

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...

Read More

Why Would a Real Estate Brokerage Warn About a Housing Bubble?

Why only reporting upbeat and positive information is the domain of old school real estate brokerages.

Read More

The US and Canadian Employment Data Disappoint (Again)

Latest economic data suggests Canadian mortgage rates will hold steady.

Read More

Toronto Home Sales Slow in Lockdown, But Prices Ever Higher + Condo FOMO

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.

Read More

Fixed or Variable Mortgage? Let the Current Inflation Debate Be Your Guide

With even experts mixed on where inflation will go, mortgage holders should dig into the debate to decide for themselves.

Read More

$1 Dollar Listings Hit Toronto + Higher Property Taxes to Cool Home Prices?

In Toronto: Clever billboard spotlights Toronto's out-of-reach home prices and a dubious new listing tactic.

Read More

Is Investor Demand for Condos Already Up Again?

As agents suggest that demand from investors for Toronto condos has likely exceeded pre-pandemic levels, we dig into the numbers to see.

Read More

The Mortgage Stress-Test Rate Increases to 5.25% On June 1st

Out catching rays? Here's a quick catch-up on key news that relates to your mortgage.

Read More

Toronto Tops Unaffordable Rankings + BoC Warns Price Spike 'Not Normal'

In Toronto: The city once again ranks as one of the least affordable cities in North America + How can we tackle unaffordability? 

Read More

US Inflation Spikes to Its Highest Level in More Than a Decade

The inflation bogeyman has arrived - but does that mean higher mortgage rates?

Read More

Buyers Exiting Toronto's House Market + Canada's Cost Of Living Crisis

In Toronto: Some buyers exit the market after an exhausting winter as the market for houses shows signs of cooling. 

Read More

Toronto Market Report: 73% of Homes Sell Over Asking - But Signs of Cooling in April

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.

Read More

Disappointing Canada Employment Data Portends Less Inflation (and Lower Mortgage Rates)

Lower Canada jobs numbers could be attributed to our continued lockdowns - but why is the US jobs recovery also lagging amidst high vaccination rates?

Read More

Detatched Home Market Cools + CMHC forsees 14% price increase

In Toronto: The detached home market is cooling but the condo sales slump appears to be over with sales reaching pre-pandemic levels. 

Read More

Court Lets Home Sellers Keep $20K Buyer Deposit After Size Dispute

Can a buyer terminate a transaction and get their deposit back if the published listing significantly overstates the size of a house?

Read More

Why the Bank of Canada Won’t Hike Before the US Fed

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.

Read More

What $716K Gets You Across Canada + Home Buyer Complaints on Rise

In Toronto: In Toronto and Vancouver many own more than one home + homebuyer complaints on the rise.

Read More

Interest Rate Update: The Bank of Canada Blinks

Is the Bank of Canada shifting away from rates staying ultra low - and should mortgage borrowers lock in now?

Read More

Condo Market Springs Back + Federal Government Banks On Supply

In Toronto: The condo market sales spring back to life while vacancies remain high and is the exodus from the core over?

Read More

When Quick Home Flipping Gets the CRA's Attention

Canadians who buy, renovate and sell homes quickly use the principal residence gain tax exemption to enhance their profits - but there may be limits.

Read More

How Does the Canada Federal Budget Impact Home Buyers & Sellers?

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.

Read More

An Important Week Ahead for Canadian Mortgage Rates (and Real Estate)

These are tumultuous times for both Canadian mortgage rates and real estate.

Read More

What Should the Government Do About Canada's Overheating Real Estate Market?

Ahead of this Monday's Federal Budget, John Pasalis shares his views on what our politicians should do to make Canadian homes more affordable.

Read More

All Eyes On Federal Liberal Budget + Toronto Family Home Dream Dead?

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...

Read More

Toronto Market Report: Highest Number of Sales Pushes Average Home Price to $1.1M in March

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.

Read More

The Stress-Test Rate Used for Uninsured Mortgages Is About to Rise

Canada banking regulator tries to cool rising house prices as of June 1st - but are they taking the right approach? 

Read More

Federal Liberal Government Admits Our Real Estate Market Works For Foreigners Not Canadians

A frank admission acknowledges what many have been saying - but does the government really care?

Read More

Toronto Average Home Price Rockets to $1.1M + Officials Try to Cool Market

In Toronto: Amidst a pandemic, Toronto home sales and prices continue to rocket - and this time, suburbs and outburbs are part of the ride.

Read More

What Can Be Done About Rising House Prices?

It's easy to blame interest rates for Canada's current housing unaffordability, but housing policy makers could do more amidst a pandemic-economic crisis.

Read More

Toronto Condo Market Hot Again + Housing Debt Alarms Bank of Canada

In Toronto: Condo market competitive again and home sellers thinking about cashing in on a hot market wonder where they could afford to buy.

Read More

Does Toronto Have a Home Supply Problem?

This month we explore low inventory levels and demand shock in Toronto's housing market. 

Read More

Mortgage Recap: What You Need to Know Now

In a rare week of no new Canada mortgage news, it's a good opportunity to make sure your mortgage planning is in tune with current realities.

Read More

Housing Regulator: T.O. 'High Risk' + 'Flipping' Draws BOC Attention

In Toronto: Regulators finally sound the housing alarm, but is it too late as bidding wars continue to heat up? 

Read More

Shared Spaces: What Can You Do to Common Condo Elements?

Privacy screens and video cameras out while religious decorations allowed in recent Ontario legal rulings on shared condo building/townhouse spaces.

Read More

Government Cool Down Likely to Target Investors vs First Time Buyers

What action should policy makers take to mitigate Canada's runaway home prices - and what are they most likely to do?

Read More

Are the Bank of Canada and CMHC Fuelling a Housing Bubble?

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. 

Read More

Central Bank vs. the Bond Market: Round Two

Where will things go in the ongoing fight between the central banks and the bond market - and what should mortgage borrowers do?

Read More

A Wild Year for Toronto Condos + The Unrelenting 'Canadian Housing Boom'

In Toronto: A wild year for the condo market and Toronto's housing bubble gets international attention.

Read More

How FOMO is Sending Canada's Home Prices Soaring

Why mortgage rate increases are unlikely to dampen buyer enthusiasm, how the Bank of Canada is contributing to it and more.

Read More

Prince Edward County Real Estate: Disconnected From Reality

Over the last several months, prices for PEC homes have become disconnected from reality. 

Read More

The Incredible Turnaround of Toronto's Condo Market

This month we do a data dive on the City of Toronto’s volatile condo market over the past year. 

Read More

The Fight Between the Bond Market and the Bank of Canada

Where will things go for variable and fixed rate mortgage borrowers?

Read More

Toronto's Affordability Crisis + Experts Sound Canada Bubble Alarm

In Toronto: The affordability crisis in the city cannot be ignored, as demand continues to flourish with little supply.

Read More

Toronto Market Report: 79% of Houses Sell Over Asking in February

'Excessive exuberance' on display in the Toronto area real estate market right now.

Read More

Fixed or Variable Mortgage Rate - Which One Should You Choose?

With fixed rates rising, should you be changing your game plan?

Read More

CMHC Acknowledges Its Bad Market Forecast

A closer look at some surprising real estate stories this week.

Read More

Toronto Area RE Bubble Concerns + Average Home Price Surpasses $1M

In Toronto: It's bubbling, that much is clear. What's next for Toronto's red-hot housing market? Very expensive dilapidated garages.  

Read More

Look Out for Work Orders and Permits Before You Buy

Who is responsible when a home is so defective that it is deemed unsafe to occupy?

Read More

Fixed Mortgage Rates Rise on Inflation Fears

Sometimes inflation fears cause more inflation, but there are signs this spike in Canada is temporary. 

Read More

Authorities Acknowledge Housing 'Overheating' + Return Of The Flippers

In Toronto: Bubble signs abound in the city as the CMHC acknowledges a soaring housing market and the return of flippers.

Read More

How Do You (Finally) Win a Bid for a Home in a Crazy Market?

With some homes getting up to 30 offers in the Toronto area right now, how can you get ahead as a buyer? 

Read More

Canadian Fixed Mortgage Rates Are About to Rise

Five-year fixed mortgage rates are on the way up in response to the growing consensus belief that US inflationary pressures will rise quickly. 

Read More

Toronto Real Estate Back To Madness + Examining The Suburban Bubble

In Toronto: An in-depth look at the Toronto suburban housing bubble and where we go from here.  

Read More

Prince Edward County: What Will Happen When The Bubble Ends?

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%.

Read More

How is Real Estate on Fire While Jobs Are on Ice?

Debt Free in 30's Doug Hoyes talks to John Pasalis about the pandemic lockdown, government policy, buyer fatigue and more

Read More

Key Mortgage Tips to Know Now

Happy Family Day to Move Smartly Readers! Here's a review of top mortgage tips for 2021. 

Read More

Stats Behind Toronto Suburbs Bubble +  Home Prices To Surge 10%

In Toronto: The suburban house market is bubbling and what it means, plus where are condo prices rising the fastest? 

Read More

Toronto’s Suburban Housing Bubble

This month we look at Toronto's emerging housing bubble in the suburbs, how it's different from 2017 and how it will end this time around. 

Read More

Home Inspections - Who is Liable?

Can a home inspector avoid legal responsibility if there is an exclusion of liability clause in the inspection contract?

Read More

Lockdowns Trigger a Job Loss Spike and Bond Yields Rise Anyway

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...

Read More

Fewer Houses for Sale Fuelling Toronto Price Increases

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...

Read More

The Data On Toronto Urban Exodus + Can, Auz Real Estate Pandemic-Proof

In Toronto:  The numbers behind the urban exodus and the search for condo affordability, fierce bidding for Toronto homes and a condo bounce back.

Read More

Best Performing Neighbourhoods in Toronto and the GTA - Condos

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. 

Read More

Best Performing Neighbourhoods in Toronto and the GTA - Houses

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...

Read More

Mortgage Rates Depend on Who Wins Between the Virus and the Vaccine

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...

Read More

Toronto Bully Bidders Back + Rental-Condo Listings Jump 132%

In Toronto: Even the bullies are locking heads in a red-hot housing market, while rental-condo listings jump an exorbitant amount. 

Read More

The Expensive Rules of Property Easements

Homeowners are allowed use the surface of a property easement, as long as it doesn’t interfere with the utilities underneath. If it does, costs add up. 

Read More

2021: The Year Ahead — What's Next for Toronto Real Estate?

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.

Read More

The Bank of Canada Finds Vaccine Fueled Hope

Five insights into the Bank of Canada's optimistic forecast due to falling infection rates and large-scale vaccinations, and what that means for your mortgage. 

Read More

Seller Fatigue Hits TO Condos + Rental Vacancy Rate Hits 50-year High

In Toronto: Suburbs becoming unaffordable; seller fatigue in condo market as rental vacancy rate hits a 50-year high in the city. 

Read More

2020: Year in Review — COVID-19 Impacts on Toronto Real Estate

In this month's Move Smartly report, we look back at 2020 and how COVID-19 impacted the Toronto real estate market. 

Read More

A Worst Case Scenario for Your Mortgage

We're in for a tough winter but there's hope. Forecasters expect our economy to rebound robustly and inflation to surge, as consumers spend the cash they saved during the...

Read More

Trolling For Condo Deals + A Home Sales Record For 2020

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. 

Read More

Why are Home Prices Expected to Keep on Rising?

Realosophy's John Pasalis talks to Yahoo Finance about why Toronto's real estate market broke records during what's usually a quiet holiday season.

Read More

Prince Edward County: Seller’s Market Continues But Will It Last?

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.

Read More

Readers Views: Who Keeps the Cash Left Behind in a Home?

What happens when home sellers leave behind possessions, or even cash? Should buyers keep their findings or return it to the sellers? 

Read More

Investors Return to Downtown Toronto Condos As All Sales Surge in Dec

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. 

Read More

Will Job Losses Hasten the Bank of Canada’s Next Rate Cut?

How COVID's second wave will impact unemployment and overall business, increasing the likelihood for another Bank of Canada rate cut.  

Read More

Toronto Condo Investors Set Floor + New Zealand's Housing Wealth Gap

In Toronto: Home prices broke records in 2020, condo prices appear to stop declining, and the challenges of making housing affordable in this city. 

Read More

When Will Toronto’s Downtown Condo Market Return to Normal?

This month's Move Smartly report discusses when Toronto's downtown condo market will return to normal and the many vulnerabilities it faces. 

Read More

2021 Interest Rate Update

Happy New Year to Move Smartly Readers! Here's a look at the current consensus forecast and the fixed and variable mortgage rates for the year ahead. 

Read More

Toronto's Busy Holiday Market + Remote Work's Seismic Impact

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.

Read More

Are Home Buyers the Keepers of $500K Discovered During Renovations?

A couple in Edmonton find $500,000 while renovating their new home. Finders, in Canada though, are not necessarily keepers.

Read More

Top Mortgage Tips Now: Holiday Edition

A very Happy Holidays to Move Smartly Readers! Here's a review of top mortgage tips to take you into 2021 given the crazy year that was. 

Read More

Bubble Like Appreciation in Toronto's Suburbs

This month's Move Smartly report investigates the rapid acceleration in demand and house prices in Toronto's suburban markets. 

Read More

Durham Region Home Prices Spike + Small Condo Investors Struggle

In Toronto: Durham region home prices spike due to Toronto exodus + Mom and Pop condo investors struggle.

Read More

Why Another Bank of Canada Rate Cut May Be on Its Way

How concerns about the Canadian dollar rising against its U.S. counterpart may affect our mortgage rates going forward.

Read More

Top Five Things to Know About Your Mortgage Right Now

These are the key factors that will impact Canadian mortgages and rates going forward.

Read More

Toronto Eyes Vacant Home Tax + Liberals Circle Back On Foreign Buyers

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. 

Read More

What Will Happen to Canadian Mortgage Rates When the Pandemic Ends?

Why predictions of a quick resolution to the pandemic - and rising mortgage rates - may be premature.

Read More

Will Condo Slowdown Impact Detached Market + Developers Target Suburbs

In Toronto: What the condo slowdown could mean for the rest of the market and buyers grow shy in heated environment. 

Read More

The Best and Worst Performing Condos Today

With the Toronto condo market cooling, this month's Move Smartly report investigates which condos are to watch - and which to avoid.

Read More

Why Spiking Inflation Won’t Impact Canadian Mortgage Rates

Inflation spiked last month.

Read More

TO Condo Prices Continue Drop + Covid's Digital Nomads

In Toronto: Condo prices are down 9% from peak and a new study uncovers stark inequality in renting conditions. 

Read More

Have Canadian Mortgage Rates Bottomed?

Bond yields, which fixed mortgage rates are based on, have recently surged, but is this just a blip?

Read More

Toronto Condo Prices Down 9% from Peak

Our lead story in this month's Move Smartly Report unpacks conflicting reports about the condo market.

Read More

Young Tenants Ditch Tiny Condos + Investors Watch And Wait

In Toronto: Young tenants are leaving tiny condos in the city's core, but for investors, it's time to watch and wait. 

Read More

Will October Mark the End of Canada’s Employment Recovery?

With a slowing job recovery and Covid resurgent, mortgage rates are likely to fall further - here's how to take advantage.

Read More

Condo Panic In GTA + Detached Homes Average $1.2M

In Toronto: Housing prices hit new record, but downtown condo sales continue to fall and alarm investors. 

Read More

Fixed- or Variable-Rate Mortgage? Right Now It’s No Contest

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.

Read More

House Sales Still Up, Condo Rents Plunge + Big Banks Not Worried

In Toronto: Single-family homes sales continue unabated while condo rents have plunged and Canada big banks not worried about real estate market.

Read More

Price Edward County Real Estate Unsustainable Due to Covid Demand

Extraordinary demand coupled with low listings are making County real estate unsustainable.

Read More

Buying and Selling During a Pandemic – What to Do First?

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.

Read More

Canadian Inflation Ticks Higher But Impact Remains Subdued

Why inflationary pressures will do little to impact our declining mortgage rates.

Read More

Exodus To Ontario's Small Markets + Canada's Money Laundering Problem

In Toronto: Smaller markets in Ontario gain as exodus out of Toronto continues and safety concerns in the city's 'ghost hotels.' 

Read More

Why the Bank of Canada Ending Mortgage Bond Buying May Matter

Will financial markets remain confident in Canadian real estate as the BoC winds up and keep our mortgage rates at their present lows?

Read More

Home Prices Up, Tiny Condos Down + Poloz Not Really Worried

In Toronto: Home prices soar on pent-up demand due to the pandemic, while tiny condos and condo rents are down.

Read More

Why Are Condo Units for Rent Surging in Toronto?

This month, The Move Smartly Report digs into where Toronto's surge in condo rental supply is coming from.

Read More

Canadian Employment Surges - But For How Long?

Why we are not out of the Sugar Maples by a long shot.

Read More

Toronto Condos For Sale Surge 215% + Cities Most at Risk of Bubbles

In Toronto: Real estate prices and sales were at a high in September, but Condo-geddon looms as listings surge 215%. 

Read More

Will July’s Surge in Canadian Economic Momentum Continue?

While initial numbers have been encouraging, the recovery is now proving to as sluggish as predicted.

Read More

Five Must-Read Posts about Canadian Mortgages and Rates

Essential fall reading to ensure your mortgage is on the right track.

Read More

City Rental Shortage To Skyrocket + Toronto's Slow Approval Times

In Toronto: The rental shortage  in the coming years and slow housing development approval times.

Read More

Why Are Toronto Homes So Unaffordable?

Once again, is the real problem supply or demand?

Read More

So When Will Canadian Mortgage Rates Rise Again?

Given current central bank policy in Canada and the U.S., will variable rate mortgages stay lower than fixed rates over the next five years?

Read More

Rents Fall As Condo Inventory Rises + More Canadians Want To Buy Home

In Toronto: How will the housing market shake out for the rest of this year and what falling rents in the condo market mean.

Read More

Bubble Market in Prince Edward County Real Estate

Record sales, stressed buyers and deals falling apart - contributor Treat Hull urges caution from "The County" in the frenzy to get out of Toronto amidst Covid.

Read More

Will Toronto Area Home Prices Fall in 2020?

Our Monthly Market Report looks at how well major forecasts for Toronto area home prices are holding up six months after the start of the Covid-19 crisis.

Read More

Bank of Canada Confirms Ultra-Low Mortgage Rates Are Here to Stay

Last Wednesday the Bank of Canada (BoC) announced that it would hold its policy rate steady, as was universally expected.

Read More

Numbers Behind City Exodus + Rental Demand Takes Hit

In Toronto: Why people are leaving the big smoke for suburbia and what work from home could mean for the downtown core. 

Read More

Employment Data Confirm Our Recovery Is Still in the Early Innings

While good job numbers normally mean rising mortgage rates, our economy is still far from normal.

Read More

20% Price Surge Smashes Record + Rents Are Lower, But Not For Everyone

In Toronto: Another all-time record is hit as prices surge by 20% and rents are down, but not for everyone. 

Read More

Are We Headed for Too Much Inflation or Not Enough?

If you want to know where mortgage rates are headed, inflation holds the key.

Read More

Single-Family Homes Lead Recovery + Renters Gain Power in Soft Market

In Toronto: Single-family homes lead the way in the construction recovery and renters have more power in softening rental market.

Read More

1 In 3 Say COVID-19 Altered Housing Preferences + A Record-Breaking July

In Toronto: COVID-19 have altered preferences in the housing market and one couple decides to stick with their 'tower' Toronto home. 

Read More

A Theory on Why CMHC President Evan Siddall Went Rogue Last Week

Why is the head of the Canadian Mortgage and Housing Corporation (CMHC) going his own way amidst an economic crisis?

Read More

Hottest TO Markets In Outer Suburbs + Rents Rising But Not Downtown

In Toronto: The hottest housing regions are not in the city as both buyers and renters continue to flock outside the GTA.

Read More

Fixed or Variable? Mortgage Rate Forecast: COVID-19 Edition

Canadian mortgage rates have been on a wild ride of late.

Read More

A Record Breaking July In Toronto + Cottage Dream Reality Check

In Toronto: A record breaking July for the real estate market comes as realtors continue to see exodus from the city. 

Read More

Seven Things You Need to Know About Toronto Real Estate Right Now

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.

Read More

Surprising Toronto Home Price Rise + Condo Sales in Big Drop

In Toronto: Condo sales fall to their lowest rates since the Great Recession but house price activity is returning to pre-pandemic highs. 

Read More

Vertical Life: What Happens When a Condo Neighbour is Smoker?

A new legal judgement suggests that Ontario condo boards must act reasonably towards owners deemed to be non-compliant.

Read More

Prices On The Upswing + Former Airbnb Units Flood Market

In Toronto: Upward pressure on pricing continues as 65 neighbourhoods see a home price increase. 

Read More

The Bank of Canada’s Surprising Admission That Ultra-Low Mortgage Rates Are Here to Stay

COVID-19 is redefining the world as we know it.

Read More

Furnished Condo Listings Spike + Housing Market Belies Downturn

In Toronto: Airbnb conversions into long-term furnished condos spike and potential trouble looms in the housing market. 

Read More

Toronto Real Estate Summit

Join us for the Toronto Real Estate Summit being hosted right here on Move Smartly this July 20 to 23. Watch on demand starting July 20. Free to register.

Read More

Why Our Record Employment Gains Aren’t Impacting Mortgage Rates

Strong jobs numbers in May and June mean little against the backdrop of unprecedented job and income loss due to COVID-19.

Read More

Home Prices Soar + Tory Pressured To Action On Eviction Laws

In Toronto: Home prices soar despite the coronavirus pandemic as John Tory is pressured to action on Ontario's eviction rules. 

Read More

Must-Have Mortgage Tools for Every Home Buyer

Calculators, links and info you need to make the best decisions for you.

Read More

Toronto Buyers Flock to Cottages + Guelph Best Place To Buy In Canada?

In Toronto: CMHC issues a new real estate warning, Toronto buyers flood cottage markets and city grapples with overcrowded housing amid the coronavirus pandemic. 

Read More

How Will Choppy Waters Ahead Impact Canadian Mortgage Rates?

The Bank of Canada joins those forecasting a prolonged and difficult economic road ahead.

Read More

Now Cheaper to Rent vs. Buy Condo in Toronto + Lack of Foreign Student Impact Canada Real Estate?

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.

Read More

Why Record-Low Mortgage Rates Now Seem Inevitable

If you need a mortgage soon, your goal should be to maintain flexibility in case rates continue to fall.

Read More

Toronto Area Housing Market Robust Amidst Pandemic, Rent Drops

In Toronto:  Downtown rents drop for the third consecutive month and while property market remains competitive in GTA even during a pandemic.  

Read More

How is Toronto Real Estate Hot With Unemployment at 14%?

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.

Read More

Beware the Siren Call of HSBC’s 1.99% Five-Year Fixed-Rate Mortgage

The spring real estate market is showing signs of life - and the usual big bank low rate teaser.

Read More

GTA Tops NA Growth + Virtual Showings Become The Norm

In Toronto:  GTA pop growth highest in North America, buyers flock to cottage country as virtual showings increase in popularity.  

Read More

How CMHC’s Surprise Rule Tightening May Help Mortgage Borrowers

Not all mortgage lenders will implement CMHC's tighter rules, opening the door to more competition.

Read More

Toronto Home Sales Trend Upward + Mortgage Rules Tightened Up

In Toronto:  Housing sales are up but risk re-opening setbacks and mortgages controversially tightened.  

Read More

Tenants, Home Sellers Clash in COVID + Canada Home Prices to Drop?

In Toronto:  Buyers starting to get back into the market and would be home sellers and tenants clash.

Read More

Are Home Prices Going to Fall 18% As CMHC Predicts?

Canada's top mortgage body just shared some pretty bleak expectations - should we take heed?

Read More

Why New COVID-19 Legal Clauses in Real Estate Deals Are a Problem

A respected real estate lawyer warns against using untested COVID-19 clauses in property transactions.

Read More

Why Mortgage Minimum Down Payment Shouldn't Be Raised to 10%

Last week, the CMHC's CEO had a surprising suggestion.

Read More

Corona Crisis Week 10: Are Toronto Condo Prices Really Down 10%?

Why the widely reported drop in condo prices in last week's news was misleading.

Read More

TO Home Sales Down 69% + Reimagining Spaces After COVID-19

In the City:  Does 69% drop in sales give new buyers a chance and inside the new real estate mindset.

Read More

Corona Crisis: Mortgage Advice Recap

It's Week 10 - here's a recap of tips to manage your mortgage.

Read More

Corona Crisis Week 9: Toronto Area Real Estate Market Heating Up

The market is now more competitive than it was four weeks ago.

Read More

The COVID-19, Housing Connection + Bank Of Canada Debt Warning

In the City: Home buyers begin to venture out and poor housing connected to higher number of COVID-19 cases.

Read More

Will Record Job Losses Lead to Negative Bond Yields?

The pandemic-induced economic slowdown will lower mortgage rates - but how low will they go?

Read More

Home Sales Hit Record Low + Sidewalk Labs Abandons Toronto Project

In in the City: Home sales hit a record low in April and Google's smart-city project cancelled.

Read More

Should You Break Your Fixed-Rate Mortgage for a Lower Rate?

These five factors will help you figure out whether you'd come out ahead.

Read More

Toronto Area Home Sales Hit a Record Low in April

The Greater Toronto Area saw a record low 2,942 home sales in April 2020.

Read More

Toronto Condos Earning Less Rent + Home Sellers Tested in Pandemic

In Toronto: Average rents for Toronto Area condos have dropped, with downtown falling fastest.

Read More

Average Condo Rents Fall in Toronto

 The average rent for a condo across the Toronto area is down, while units for rent climb.

Read More

Corona Crisis Week 7: Signs of Stability in Toronto’s Real Estate Market

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.

Read More

Canadian Mortgage Rates Are Finally Starting to Fall

In spite of rate cuts and more aggressive measures, mortgage rates haven't lowered - until now. 

Read More

Toronto Condo Sales Plummet + Home Prices Stable - For Now

In Toronto: Condo sales plummet 69%, but one measure shows better news for larger market.

Read More

Corona Crisis Week 6: Is Toronto’s Real Estate Market Stabilizing?

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.

Read More

Is the Bank of Canada’s Firehose Working?

The Bank has acted aggressively to counter the economic shocks induced by the Coronavirus and the decline of oil - and their efforts to lower mortgage rates may finally be...

Read More

No Going Back For Home Buyers + Market Braces For Reckoning

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. 

Read More

Corona Crisis Week 5: Toronto Area Home Sales Down Sharply

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.

Read More

Our New Canadian Mortgage Landscape?

The economic fallout of the coronavirus crisis is making mortgage lenders seize up - and two main factors will determine how cautious they'll be: house prices and job losses.

Read More

Coronavirus Impacts GTA Housing + Steps After The Lockdown

Toronto: What areas are performing the best and worst in the GTA as realtors forge ahead in an uncertain landscape. 

Read More

Corona Crisis Week 4: Best and Worst Performing Real Estate Markets in the GTA

Some markets in the Greater Toronto Area are showing signs of the type of slowdown that requires buyers and sellers to act carefully.

Read More

The Slam Dunk Mortgage Option Right Now (and a Warning about HELOCs)

Why a variable rate mortgage is the clear winner for borrowers right now - while those holding HELOCs should beware. 

Read More

Toronto Home Sales Quickly Decline + Airbnb Seeks Government Help

Toronto: The real estate market comes to a stop as the city takes new measures to halt the coronavirus spread. 

Read More

Corona Crisis Week 3: Toronto's Real Estate Market Hits the Brakes

Toronto real estate market sales have dropped sharply in the third week of Ontario's state of emergency due to Coronavirus pandemic.

Read More

The Bank of Canada Cuts Again and Policy Makers Get Creative

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.

Read More

Latest Info You Should Know on Real Estate & Coronavirus

Toronto: Latest on house prices, mortgage payment defferal, rental eviction freeze and more.

Read More

Toronto Home Prices in 2008 Financial Crisis vs. Corona Crisis (So Far)

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. 

Read More

Mortgage Strategies for the Coronavirus Crisis

Lenders have raised both their fixed and variable mortgage rates to the surprise of many borrowers - here's how to manage your mortgage during this stressful time.

Read More

What You Need to Know About Coronavirus Deferred Mortgage Payment Programs

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.

Read More

Pandemic Uncertainty Casts Pall + Ontario Halts Evictions

In Toronto: Ontario stops evictions amid COVID-19 (coronavirus) pandemic as uncertainty casts a pall on the market. 

Read More

Fixed or Variable? To Be Determined…

As the world goes into lock-down to stem the COVID-19 (Coronavirus), what should we be doing with our mortgages?

Read More

COVID-19's Impact on Toronto Real Estate? Here's a Look Back at SARS

While our present situation is very different, we can take some lessons from the past.
Read More

Home Sales Soar + Coronavirus Hammers Markets

In Toronto: Coronavirus hammers the markets as home sales soar and short-term rentals get pinched. 

Read More

In-Depth Profiles for All Toronto and GTA Neighbourhoods

Research over 500+ Toronto Area neighbourhoods to see which fit your lifestyle needs - and offer the best return on your financial investment.

Read More

The Bank of Canada Finally Cuts and Mortgage Rates Plummet

Global economic shocks have led to unforeseen drops in mortgage interest rates - so what should borrowers do going forward?

Read More

Virus Fears May Up TO Home Prices + Bully Bidders Run Rampant

In Toronto: Coronavirus fears could push home prices even higher, bully buyers run rampant as prices escalate and do millennials really want condos?

Read More

Map of Toronto and GTA by Neighbourhood with Real-Time Real Estate Trends

Find out how local real markets are doing in over 500 Toronto area neighbourhoods - based on real time house price data.

Read More

How Much Longer Will the Bank of Canada Stand Pat?

Why it's unlikely that the Bank of Canada will lower its policy rate - and our mortgage rates - this Wednesday.

Read More

Scorching Competition In Toronto  + Berlin Rent Freeze For 1.5M Apartments

In Toronto: A heated market ripples outward as competition continues to thrive with foreign buyers returning to the scene. 

Read More

How Last Week’s Mortgage Stress-Test Change Will Impact Borrowers

The necessary change would increase buyer budgets today, but likely decrease affordability in hot markets and introduce more volatility for buyers going forward.

Read More

Why Investing in Pre-Construction Condos Could Cost You Money

This week, I talked to BNN Bloomberg about the questions you should be asking yourself before investing in a pre-construction condo.

Read More

FOMO Hits The Toronto Housing Market + Airbnb's Effect On Housing

In Toronto: A supply shortfall pushes house prices north as the fear of missing out returns to the market. 

Read More

Why Relaxing the Mortgage Stress Test Won't Impact Toronto (Too) Much

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...

Read More

Signs Of 2016 Cause Gloom + 'How High Is It Going To Go?'

In Toronto: Flashbacks to 2016 have key players in the housing market concerned as advocates call for more 'aggressive' affordability.

Read More

Is the Mortgage Stress-Test Rate About to Drop?

A drop in the stress-test rate would be good news for borrowers  needing to expand affordability, but should our big banks be calling these shots?

Read More

Number of Toronto Condos for Sale Hits a 25-Year Low

Condos in the Greater Toronto Area are fetching prices 15% higher than last year - but this time, it's not because of higher demand.

Read More

TO Home Prices Expected To Rise 10% + City Puts Vacant Home Tax On Hold

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. 

Read More

Why We Should Be Worried About Toronto Condo Prices Rising

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.

Read More

Canadian Mortgage Rates Move Lower After Coronavirus Fears

An global health crisis is pushing investors towards safe havens, leading to a (lamentably costly) drop in fixed mortgage interest rates.

Read More

New Single Family Home Sales Up + Is Workforce Housing The Answer?

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. 

Read More

Bank of Canada’s Comments Push Fixed Mortgage Rates Lower

No change to policy rate keeps variable mortgage rates steady, but a less optimistic economic outlook pushes down fixed rates. 

Read More

Toronto Homes Less Affordable Than San Fran + Rents Could Rise By 7%

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. 

Read More

Shock for Toronto Condo Investors? + High-End Home Tax to Drain Talent?

In Toronto: Why condo investors may be shocked by falling rents and will a high-end home tax force out Toronto talent?

Read More

What to Expect for Toronto's Real Estate Market in 2020

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.

Read More

Forecast for Canadian Fixed and Variable Mortgage Rates in 2020

In today’s post I offer my predictions of where our fixed and variable mortgage rates are headed in 2020.

Read More

Toronto Market Back To Old Tricks + Newcomers Struggle To Find Housing

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. 

Read More

Tory Vows To Keep Going on Housing In 2020 + 11 Apartments In 7 Years

In Toronto: John Tory vows to redouble efforts on transit and affordable housing in 2020. 

Read More

How To Fit a (Snow &) Mudroom Into a Smaller Home

Drowning in the parkas, snow pants and boots of winter and cramped for space? Consider a less traditional approach to creating a mudroom.

Read More

Home Buyer Advice For A Falling Market + Help For Toronto's Low-Income Renters

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...

Read More

Why Home Buyers Should be Worried About Falling Prices (And What To Do About It)

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...

Read More

Are Changes to the Mortgage Stress Test Coming?

While the mortgage stress test has helped ease overheating housing markets, will the Trudeau government finally address its flaws?

Read More

Ford Gov Pushes Home 'Co-Ownership + City Restricts Density On Queen St.

In Toronto: The provincial government recommends home co-ownership to solve housing crisis. 

Read More

Backing Out of a Home Purchase Can Cost You

This past year’s GTA real estate market may become known as the year of aborted transactions.

Read More

Why You Can’t Afford a Condo in Toronto

One data trend emerges starkly amongst a litany of theories.

Read More

Should I Still Worry About (And How Can I Avoid) Buying a Former Grow Op?

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. 

Read More

Five Takeaways from the Bank of Canada’s Latest Policy Statement

Our current economic conditions suggest that lower interest rates may be coming soon, but the Bank of Canada does not share that assessment - yet.

Read More

Changes I Noticed After I Started Making My Bed Every Morning

Because sometimes better real estate starts with making the best of what you already have.

Read More

Tory Reverses Course On TO Tax Hike + Invest Now in Canada Real Estate?

In Toronto: John Tory reverses course, vowing to increase and extend levy on property tax. 

Read More

Why Our Latest GDP Data Isn’t Likely to Result in Interest Cut Rates - For Now

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.

Read More

Toronto Area Home Prices Climb as New Listings Plummet

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. 

Read More

Price To Surge 2020 + Smaller Cities Take Bite Out Of Toronto Tech

In Toronto: A forecast predicts 6 per cent growth for home prices in 2020 and ending the 'vicious cycle' in social housing. 

Read More

The Latest Inflation Data Bolsters the Bank of Canada’s Patience - Should It?

Fixed and variable mortgage rates are staying put for now - but there's a case for a rate cut in the future.

Read More

Landmark Ruling In Toronto Airbnb Case + Rental Costs Rise In Canada

In Toronto: A provincial tribunal sides with the city in a landmark case against Airbnb landlords.

Read More

The Bank of Canada Can’t Ignore the Lofty Loonie for Much Longer

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.

Read More

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

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

Read More

Calls For A Vacancy Tax In Toronto + The Rebound Continues

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

Read More

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

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

Read More

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

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

Read More

Should Canadian Variable-Rate Borrowers Lock in Now?

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

Read More

Top 5 Playroom Must-Haves

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

Read More

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

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

Read More

Are Condo Units Really Sitting Empty in Toronto?

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

Read More

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

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

Read More

Top 4 Benefits of Kids Sharing A Bedroom

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

Read More

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

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

Read More

Why Electronic Voting is Clicking with Condo Owners

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

Read More

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

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

Read More

How Savvy Canadians Are Saving Thousands on Their Mortgages

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

Read More

Living with Kids in a Condo

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

Read More

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

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

Read More

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

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

Read More

City Sending Mixed Signals on Tackling Housing Shortage

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

Read More

How to Avoid Buying a Home With Illegal Parking

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

Read More

Why Are Canadian Fixed Mortgage Rates Rising Again?

Canadian fixed mortgage rates continued to rise last week.

Read More

The Scramble To Downsize + Where Federal Parties Stand On Housing

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

Read More

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

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

Read More

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

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

Read More

Toronto Area Detached Home Sales Were Up 29% in September

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

Read More

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

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

Read More

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

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

Read More

How to Avoid Buying a Badly Flipped Home

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

Read More

Five Changes to Help Canada’s Housing Affordability Crisis

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

Read More

Cautious Fall for Toronto Buyers + Federal Housing Plans Miss Mark

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

Read More

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

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

Read More

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

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

Read More

Shared Maple Tree Pits Neighbour Against Neighbour in Court Battle

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

Read More

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

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

Read More

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

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

Read More

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

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

Read More

Does First Canadian Title Live Up to its Marketing Promises?

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

Read More

How to Avoid Hidden House Problems

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

Read More

The Bank of Canada’s Surprising Announcement

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

Read More

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

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

Read More

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

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

Read More

Toronto Suburbs Drive Home Sales up 13% in August

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

Read More

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

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

Read More

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

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

Read More

Denmark Introduces the First Mortgage with a Negative Interest Rate

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

Read More

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

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

Read More

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

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

Read More

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

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

Read More

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

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

Read More

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

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

Read More

A Jolt for Joint Property Owners in Ontario

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

Read More

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

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

Read More

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

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

Read More

Why Torontonians Are Moving Less + Hong Kong Eyes Canadian Property

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

Read More

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

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

Read More

Housing Development Dips In Toronto + Mortgage Stress Test Gets Easier

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

Read More

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

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

Read More

The Bank of Canada (Surprisingly) Opts for Caution

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

Read More

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

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

Read More

Toronto Area Condo Sales Dip 3% in June

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

Read More

Toronto Area Detached Home Sales Up 19% in June

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

Read More

The Loonie’s Power (and Its Constraining Impact)

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

Read More

Investors Own 33% Of Toronto Condos + Home Sales Surge

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

Read More

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

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

Read More

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

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

Read More

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

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

Read More

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

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

Read More

Why are Detached Home Sales Booming in York Region?

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

Read More

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

What happens when sellers are late moving out? 

Read More

The Test Stressing Toronto + Canada's Dirty Money Problem

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

Read More

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

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

Read More

What Our Inverted Yield Curve Means for Canadian Mortgage Rates

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

Read More

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

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

Read More

Support for Canada Mortgage Tests + Battle Over Ontario Place Development

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

Read More

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

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

Read More

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

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

Read More

Toronto Condo Projects in Danger + Revisiting the Mortgage Stress Test

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

Read More

Proposed System for Licensing Airbnbs in Prince Edward County

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

Read More

Five Inflation Highlights with Implications for Canadian Mortgage Rates

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

Read More

Foreign Buyers Tax Impacts Greater Toronto + Spring Market Thaws

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

Read More

New Construction Impacting Prince Edward County Real Estate

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

Read More

Homeowners Should Seek Legal Advice When Estate Planning

Why there is no such thing as a simple will.

Read More

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

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

Read More

Toronto Sales and Prices Climb + Basement Rentals Get Condo Prices

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

Read More

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

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

Read More

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

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

Read More

Bank of Canada Update: Rates to Stay Low for Longer

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

Read More

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

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

Read More

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

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

Read More

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

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

Read More

Your Home Isn't Selling - Now What?

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

Read More

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

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

Read More

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

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

Read More

Bank of Canada Governor Poloz Dampens Rate-Cut Speculation

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

Read More

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

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

Read More

Join Us at The Doll Party Fundraiser & Auction

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

Read More

Why Toronto Is Outpacing Vancouver + Sellers Bide Their Time

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

Read More

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

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

Read More

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

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

Read More

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

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

Read More

The New Bank of Justin and Bill

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

Read More

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

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

Read More

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

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

Read More

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

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

Read More

Be Careful When You Review Property Purchase Agreements

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

Read More

The Case for Lower Canadian Mortgage Rates

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

Read More

Sidewalk Labs Threatens To Walk + Home Prices Inch up

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

Read More

A Shared Driveway Leads to a Costly Court Case

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

Read More

Will the Bank of Canada End Rate-Hike Speculation?

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

Read More

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

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

Read More

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

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

Read More

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

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

Read More

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

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

Read More

Why the Bond Market Yawned at Canada’s Jobs Boom

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

Read More

Alarm Over Toronto's Housing Crunch + Overvaluation Warning Backtrack

Read More

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

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

Read More

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

Read More

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

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

Read More

Update on the Bank of Canada’s Worry List

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

Read More

Toronto Makes Affordable Housing Progress + Greenbelt Development Reversal

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

Read More

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

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

Read More

Toronto Condo Market to Worry Investors, Ease for Renters?

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

Read More

Should You Rent to Save More to Buy a Home?

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

Read More

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

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

Read More

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

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

Read More

Did Toronto’s Housing Market Have a Soft Landing?

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

Read More

2019 Canadian Mortgage Rate Forecast: Look Out Below

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

Read More

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

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

Read More

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

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

Read More

Canadian Mortgage Rates Aren’t Headed Higher After All

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

Read More

Toronto Home Prices Rise + Hyper-Concentration Of Jobs Downtown

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

Read More

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

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

Read More

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

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

Read More

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

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

Read More

Rent Control Removal + Secrets Of The Four Seasons

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

Read More

Don't Buy a Home Without Knowing This

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

Read More

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

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

Read More

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

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

Read More

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

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

Read More

Is the Bank of Canada Bullish on Pot?

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

Read More

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

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

Read More

Canadian Wage Growth Decelerates Again

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

Read More

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

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

Read More

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

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

Read More

Is It The Right Time to Downsize?

Is the market too unsettled to be considering a move?

Read More

Toronto Home Owners Are Turning to High Interest Private Debt

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

Read More

How Much Higher Will Canadian Mortgage Rates Go?

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

Read More

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

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

Read More

The One Word That Determines Where Canadian Mortgage Rates Will Go

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

Read More

Are Declines in House Prices Predictable?

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

Read More

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

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

Read More

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

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

Read More

How Debt is Cooling Toronto’s Housing Market

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

Read More

Prince Edward County Will Regulate Short Term Rentals

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

Read More

How Will Our New Trade Agreement Impact Canadian Mortgage Rates?

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

Read More

TO Home Prices Tick Upward + TREB Takes Legal Aim

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

Read More

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

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

Read More

The Unusual Listing Strategy That Can Maximize Your Home Selling Price

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

Read More

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

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

Read More

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

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

Read More

Should Canadian Variable-Rate Borrowers Lock in Now?

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

Read More

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

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

Read More

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

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

Read More

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

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

Read More

Toronto Real Estate Board Warns Agents + Housing Price Crash Unlikely

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

Read More

Cottage Purchasers Need to Know Land Boundaries of Lakefront Property

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

Read More

Proposed Airbnb Regulations Coming for Prince Edward County

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

Read More

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

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

Read More

The Movement Towards Buying Cottages Instead of Homes

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

Read More

The Fight For Sold Data + Housing Market Stabilizes

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

Read More

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

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

Read More

How Your Real Estate Agent Can Lose You a Deal

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

Read More

How NAFTA Uncertainty is Impacting Canadian Mortgage Rates

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

Read More

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

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

Read More

Five Canadian Mortgage Rate Questions for the Rest of 2018

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

Read More

Toronto Area Sold Prices Coming Online + Brexit Hits UK Housing

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

Read More

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

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

Read More

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

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

Read More

The County Report: Bright Future for Picton Harbour

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

Read More

Banning Incentives for Real Estate Lawyers Doesn’t Serve Public

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

Read More

Over One in Four Toronto Area Homes for Sale are Empty

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

Read More

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

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

Read More

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

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

Read More

Five Mortgage-Rate Related News Highlights from Last Week

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

Read More

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

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

Read More

Toronto Sales Rise + Buyers Return To Market

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

Read More

Buy a Home in August, Thank Me Later

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

Read More

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

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

Read More

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

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

Read More

Canadian Inflation Hits a Six-Year High

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

Read More

The County Report: Limited Choice Under $300,000

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

Read More

Insurance Must Cover Badly Built Property

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

Read More

The Bank of Canada Hikes Rates Despite Uncertainty

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

Read More

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

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

Read More

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

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

Read More

How to Protect Yourself When Making Unconditional Offers

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

Read More

Thoughts on the Bank of Canada’s Meeting This Week

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

Read More

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

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

Read More

Bank of Canada Plans to Offer Less Guidance Going Forward

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

Read More

Condo Market Turbulence + Bank of Canada Weighs Mortgage Rules Impact

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

Read More

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

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

Read More

The Bank of Canada Gets Reacquainted with Murphy’s Law

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

Read More

A Directionless Summer + The Young Buyers Club

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

Read More

Why Your Home Isn't Selling On Your Offer Night

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

Read More

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

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

Read More

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

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

Read More

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

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

Read More

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

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

Read More

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

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

Read More

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

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

Read More

High House Prices Widens Inequality + Real Estate Reliance Risks Recession

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

Read More

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

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

Read More

Not All Variable-Rate Mortgage Contracts Are Created Equal

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

Read More

New Home Sales Hit Low + Millennials Want Their Own Backyards

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

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

Read More

Why are Detached House Prices Stable When Sales are Falling?

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

Read More

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

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

Read More

$100K Dispute Over Lot Proves Importance of Land Surveys

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

Read More

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

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

Elsewhere: The American housing...

Read More

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

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

Read More

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

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

Read More

Why Variable-Rate Mortgages Are Becoming More Attractive to Canadians

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

Read More

Fewer Listings Fuel Condo Market + Luxury Home Sales Down

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

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

Read More

Drop in Toronto Condo Listings Keeps Prices Up

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

Read More

Home Prices Steady + Weakest Sales Start Since 2009

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

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

Read More

How 22 Toronto Condo Buyers Ended Up Owning the Wrong Units

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

Read More

The Unfairness of Last Week’s Posted-Rate Hikes

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

Read More

Taxes Toppling Toronto Condos + Death of the Single Family Home

Toronto: Proposed hikes in development charges shock condo industry.

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

Read More

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

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

Read More

Homeowner, Court Tears Strip (Of Land) Off Neighbour

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

Read More

Five Key Questions For The Bank of Canada This Week

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

Read More

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

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

Read More

Costing Toronto's Bubble + Slower March Home Starts

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

Elsewhere: Canadian housing starts slowed...

Read More

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

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

Read More

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

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

Read More

GTA House Prices Falling Furthest Where Investors Once Dominated

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

Read More

Sellers Should Never Sign a Seller Property Information Statement

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

Read More

T.O. Rebounds + Affordability Rises

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

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

Read More

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

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

Read More

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

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

Read More

Toronto's Tale Of Two Markets   

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

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

Read More

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...

Read More

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...

Read More

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...

Read More

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...

Read More

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. 

Read More

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...

Read More

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...

Read More

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...

Read More

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.

...

Read More

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)...

Read More

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...

Read More

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...

Read More

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...

Read More

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...

Read More

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....

Read More

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.

...

Read More

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...

Read More

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...

Read More

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...

Read More

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...

Read More

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.

...

Read More

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...

Read More

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.

...

Read More

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...

Read More

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.

...

Read More

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

Dave Larock in Interest Rate UpdateMortgages and Finances

Read More

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

Dave Larock in Interest Rate UpdateMortgages and Finances

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

In its accompanying statement the...

Read More

You Could Be Liable for Home Tank’s Oil Spill

Bob Aaron in Legal

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

Read More

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...

Read More

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...

Read More

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...

Read More

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.

...

Read More

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...

Read More

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.

...

Read More

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 ...

Read More

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...

Read More

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...

Read More

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...

Read More

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...

Read More

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...

Read More

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...

Read More

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...

Read More

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

Realosophy Team in Media RoundupToronto Real Estate News

Photo Credit: Urban Toronto

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

...

Read More

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

Dave Larock in Interest Rate UpdateMortgages and Finances

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

Read More

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

Realosophy Team in Media RoundupToronto Real Estate News

Photo Credit: See Toronto Now 

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

...

Read More

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

Dave Larock in Interest Rate UpdateMortgages and Finances

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

Read More

Wynne Liberals prioritize Realtor commissions over consumer protection

John Pasalis in Toronto Real Estate News

photo credit Globe and Mail

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

Read More

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...

Read More

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

Bob Aaron in Legal, Condo Buying 

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

Read More

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

Dave Larock in Interest Rate UpdateMortgages and Finances

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

Read More

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

Realosophy Team in Media RoundupToronto Real Estate News

Photo Credit: Daily Hive

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

...

Read More

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

Dave Larock in Interest Rate UpdateMortgages and Finances

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

Read More

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

Realosophy Team in Media RoundupToronto Real Estate News

Photo Credit: CBC

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

This week in...

Read More

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

Dave Larock in Interest Rate UpdateMortgages and Finances

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

Read More

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

Dave Larock in Interest Rate UpdateMortgages and Finances

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

Read More

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

Realosophy Team in Media RoundupToronto Real Estate News

Photo Credit: TripSavvy

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

...

Read More

Condo Sale Complicated by Fire

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

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

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

Read More

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

Realosophy Team in Media RoundupToronto Real Estate News

 

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

This week in Toronto: Home sales...

Read More

When a Property Survey is More Important Than the Deed

Bob Aaron in Legal, Home Buying

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

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

Read More

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

Dave Larock in Interest Rate UpdateMortgages and Finances

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

Read More

Co-op Board v Owner Dispute Becomes Pricey Court Action

Bob Aaron in Legal

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

Read More

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...

Read More

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

Realosophy Team in Media RoundupToronto Real Estate News

Photo Credit: City News

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

...

Read More

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

John Pasalis in Toronto Real Estate News, Home Buying

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

Read More

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...

Read More

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...

Read More

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...

Read More

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...

Read More

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...

Read More

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...

Read More

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...

Read More

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...

Read More

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...

Read More

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...

Read More

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...

Read More

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...

Read More

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...

Read More

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

Read More

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...

Read More

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...

Read More

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...

Read More

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...

Read More

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.

...

Read More

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...

Read More

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: