When a government fails to do the hard work of planning and investing the necessary capital required for such a big undertaking, it should be no surprise that the political...
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This week's Canadian mortgage news and tips from expert David Larock.
Toronto, the biggest city in one of the fastest growing countries in the world, is facing an unprecedented housing availability and affordability crisis. Will the federal and...
The current high interest rate cycle, which started in 2022, has continued to push home sales in the Greater Toronto Area to historic low levels.
An expert look at Canada’s economy to get some insight into how the broader macroeconomic trends might impact Canada’s housing market in the months ahead.
This week's Canadian mortgage news and tips from expert David Larock.
It’s darker out there in more ways than one — we try to weather it together with our monthly Toronto-Vancouver real estate roundtable for November with Urmi, Steve and John.
In our monthly consumer Q&A, ‘‘The Situation’, Urmi asks and John responds to the detailed questions that real estate consumers across the GTA have sent in.
This week's Canadian mortgage news and tips.
For many at the federal level, it's convenient to blame cities for "gate-keeping" and "NIMBY" policies that prevent more housing from being built - is this fair?
This week's Canadian mortgage news and tips.
Anecdotal evidence suggests that investors are starting to look to deleverage properties in the Toronto are - does the data suggest this is part of a larger trend?
This week in Canadian mortgage news and tips.
We’re back with our October monthly Toronto-Vancouver real estate roundtable with Urmi, Steve and John!
We are finally starting to see some inventory build up as listings start to increase while sales slow heading into the fall market.
Weekly update on the latest in Canadian mortgage news and numbers.
We received the latest GDP data for both Canada and the US last week, and today’s post will start with my take on how it will likely impact our mortgage rates over the near term.
In our September episode of the consumer Q&A, ‘‘The Situation’, Urmi asks John to respond to the detailed questions that real estate consumers across the GTA are asking right now.
There was a lot of mortgage-related news last week.
What this week's news means for Canadian mortgage borrowers.
School’s back and it’s time for our monthly Toronto-Vancouver real estate roundtable for September with Urmi, Steve and John!
Toronto’s housing market continued to cool as we moved towards the end of the summer season.
It's always felt hard to be a renter in Toronto - but a dig into the numbers shows the problem has gotten much worse.
Last week we learned that our Gross Domestic Product (GDP) contracted by 0.2% in the second quarter on an annualized basis, well below both the consensus forecast of +1.2% and the...
Last week Statistics Canada confirmed that our headline Consumer Price Index (CPI) increased from 2.8% to 3.3% in July (annualized).
With over 60,000 real estate agents working in Toronto, how can you ensure your agent is working properly to best represent your interests?
Your Weekly Canadian Mortgage Update
It's time for our August monthly roundtable — once again, Urmi talks to Steve in Vancouver and John in Toronto about the latest in real estate news and trends.
A closer look at weekly, rather than monthly numbers, reflects the same market slowdown being seen on-the-ground in the Toronto area real estate market.
Last week Statistics Canada confirmed that our economy shed approximately 6,000 jobs in July, a far cry from the 20,000 increase that the consensus was anticipating.
Just when and why a decent income stopped being enough to buy a home in the Toronto area - and just what is our ever expensive market running on instead?
Canada’s population grew by just over 1.2 million people during the second quarter of 2023.
In our new feature, "Move Smartly Ideas", I talk to Urmi about what I'm reading, writing and talking about right now.
A closer look at weekly, rather than monthly numbers, reflects the same market slowdown being seen on-the-ground in the Toronto area real estate market.
It's time for our July monthly roundtable — once again, Urmi talks to Steve in Vancouver and John in Toronto!
Fixed mortgage rates rose again last week, and the Bank of Canada (BoC) is expected to hike its policy rate by another 0.25% when it meets this Wednesday.
Last week included several data releases that were noteworthy for anyone keeping an eye on Canadian mortgage rates.
If you’re in the market for a mortgage today, you may be experiencing some sticker shock now that mortgage rates have risen to their highest levels in about twenty years.
It’s that time again - our June roundtable with Steve in Vancouver and John in Toronto is live!
This was the first month since last June that saw house prices increase year-over-year.
In our regular Move Smartly feature, "The Situation," lead contributor John Pasalis responds to the questions that real estate consumers are asking right now.
Last week the Bank of Canada (BoC) surprised financial markets by raising its policy rate by another 0.25%.
Toronto City Council has just voted turn over the ban on fourplexes in the city's so called "yellow zone" of single family homes - so what does it all mean?
It’s May roundtable time with Steve in Vancouver and John in Toronto!
The Canadian Consumer Price Index (CPI) increased by 4.4% on a year-over-year basis in April, up from 4.3% in March.
The US Consumer Price Index (CPI) increased by 4.9% on a year-over-year (YoY) basis in April, and by 0.4% on a month-over-month (MoM) basis.
Right now, Toronto is seeing a massive shift in housing zoning policies both at the municipal and provincial level.
A 20-year low in the number of homes being listed for sale is causing Toronto area house prices to rise again, despite today's high interest rates.
Last week the US Federal Reserve joined the Bank of Canada (BoC) when it shifted to the talk-tough-and-do-nothing phase of its monetary-policy cycle.
Last week Statistics Canada confirmed that our GDP increased by 0.1% in February on a month-over-month basis (MoM).
In our regular Move Smartly feature, "The Situation," lead contributor John Pasalis responds to the questions that real estate consumers are asking right now.
Last week, Statistics Canada confirmed that our Consumer Price Index (CPI) dropped to 4.3% in March on a year-over-year basis, down from 5.2% in February and well below the peak...
Politicians and many media outlets appear to be confused about when home prices began spiralling out of control.
The Bank of Canada (BoC) held its policy rate steady last week, and that was welcome news for variable-rate borrowers who have watched their rates increase by 4.25% over the past...
It’s finally April, and once again, time for our Toronto and Vancouver real estate roundtable!
Amidst continuing historically low levels of home sales, the competition for houses is surprisingly intense in Greater Toronto Area (GTA) as demand outpaces listings.
All eyes will be on the Bank of Canada (BoC) when it meets this Wednesday.
Why Canadian banks are working with buyers to lower payments by extending amortization periods and more.
In today’s upside-down world, good news for our economy is bad news for our mortgage rates because it increases the likelihood that the Bank of Canada (BoC) will either hike its...
A mortgage specialist helps us better understand the headlines that tell us where rates are now - and where rates might be going next.
When central bankers cranked up their policy rates to combat runaway inflation, they knew that it would create economic pain.
“Why would anyone pursue seemingly hopeless litigation over the right of way to a mutual driveway?”
It’s March Madness time and also time for another Toronto-Van City Real Estate Roundtable with Urmi, John and Steve!
Watch my recent live market update chat where I share my report highlights and answer your questions on our Move Smartly YouTube channel.
In spite of historically low sales levels and high interest rates, the demand bottleneck typical of the first quarter is making its annual appearance.
This month, I respond to some of the bigger questions consumers and viewers are asking right now.
New statistics show high levels of local investor investment in Ontario's housing market.
Real-life tips from a Toronto legal firm that represents many parties in home buying and selling transactions that run into issues.
Let’s start with this week’s most welcome news.
I respond to another round of consumers experiencing challenging real estate situations and decisions across the Toronto area right now.
Toronto area sales levels continue to hit historical lows, but low listing levels keep prices flat.
A data specialist helps us better understand the many factors that tell us where the market is now - and might be going next.
The US Federal Reserve raised its policy rate by another 0.25% up to a target range of 4.50% to 4.75%.
The Bank of Canada (BoC) hiked by another 0.25% last Wednesday.
Last week we received the latest US inflation data, for December, and the results came in at or a little below consensus forecasts.
2022 home prices are up year-over-year, but this obscures a tumultuous year in which prices hit new highs at the start, fell sharply in the middle, and have stayed flat since.
New Year, New Roundtable! Urmi talks to John and Steve about what we can expect to see as Canada faces an uncertain housing market in 2023.
Aside from a small dip during Covid, Toronto rents are ever higher for both condos and houses - as buying becomes more out of reach for many.
In our monthly feature, home owners and would be buyers and sellers ask questions about the complex real estate situations they are facing across the GTA.
As we head to the end of 2022, Urmi talks to John and Steve about top real estate stories in Canada & world right now - Canadians facing financial stress as interest rates rise...
Most recent market numbers from November show that prices in the Toronto area market are plateauing - for now.
The current policy rate is now 4.25% - what's next in the new year?
This week, the Bank will be meeting to decide where our interest rates will go next.
In our new series, home owners and would be buyers and sellers share the questions - and tricky situations - they are facing across the GTA.
Latest numbers continue to show a stalemate - for now.
Why the celebration is likely premature - and what Canadian mortgage borrowers should do now.
In our monthly discussion, Urmi talks to John and Steve about top real estate stories in Canada & world right now - a global housing slump, Canada specific risks and where will...
Short-term options for mortgage borrowers do not look enticing - when might things begin to change?
The path forward is far from certain - I take a close look at the data to see what might happen next.
US and Canadian bond yields continued their seemingly inexorable rise last week.
September market numbers are out - and I review how they stack up against on the ground realities now.
What economic research says about how real estate prices tend to move when the market changes suddenly.
Rising rents are keeping investors optimistic - for now.
With demand for real estate falling off dramatically, why aren't we seeing the build-up of homes on the market we'd expect?
Why I believe the US Federal Reserve will surprise markets with more-hawkish-than-expected policy-rate language this week.
August market numbers are out - and I review how they stack up against on the ground realities now.
What's happening now and what is likely to happen next.
The number of homes listed under the critical $1 million mark increases as the Toronto area real estate market continues to slow down.
This month, Urmi, Steve and John discuss the ongoing market slowdown, next Bank of Canada rate hike and look back to the last high-rate markets of 1981 and 1990 in Canada.
All eyes will be on the Bank of Canada (BoC) when it meets this week.
Areas that rose the highest during the Covid-boom are falling the most.
Home buyers and sellers can avoid expensive legal judgments with more straightforward options to resolve a contract dispute.
Toronto is the first municipality in the GTA to return to pre-pandemic prices.
And why I have decided to alter my near-term rate forecast.
Average house price down to $1,285,222 in July, down 1% over last year, while average condo prices slid to $738,930, still 7% up over last year.
In this latest video in a special series, lead contributor, John Pasalis of Realosophy Realty, explains what you need to do to secure a better outcome in an uncertain time.
Each month, Move Smartly editor, Urmi Desai, sits down with housing analysts & realtors Steve Saretsky in Vancouver and lead contributor John Pasalis in Toronto.
In the fourth of a special series, lead contributor, John Pasalis of Realosophy Realty, explains how buyers need to be thinking when making offers in a falling Toronto area market.
Here is my take on how US and Canadian employment momentum (or the lack thereof) will impact Canadian mortgage rates.
It's a question a lot of people are asking me - here's what buyers are really asking and how I respond.
In today’s post I focus on three economic signposts and explain how they inform my outlook for Canadian fixed and variable mortgage rates.
Why things are different from the last time we saw a market downturn in 2017.
Here are five key observations relating to last week’s jumbo-sized Bank of Canada rate hike.
Latest market numbers show that Toronto's house and condo prices falling up to 20% from peaks earlier this year though staying slightly up year-over-year.
Authorities try to reduce the risk of mortgage borrower distress given potential home price drops - but fail to address one rising risk.
Since February 2022, condo sales and prices are declining far more rapidly in the suburbs than in the City of Toronto.
A detailed look at last month's inflation data and the implications for Canadian mortgage rates.
We haven't seen numbers like this since the height of the onset of Covid-19 pandemic.
Early signs of a slowdown on-the-ground now strongly showing in the latest market numbers.
Here's a quick recap to ensure you are on top of the latest news you need to know.
A clarification on the amount of HST to be applied to assignment sales after a confusing budget announcement.
How consumer - and agent - anxiety is playing a role.
Over the last decade in the Toronto area, this increase has averaged 8% per year - but not this year.
The slowdown we were first seeing on the ground over the past two months is now showing in the numbers.
And what it means for Canadian mortgages.
The big news in the housing market has been surging interest rates.
Canadian mortgage rates have been on a tear lately.
Mortgage rates have surged higher of late.
While March 2022 housing market numbers were well above those of 2021 and 2020, there are some signs of cooling as average prices fall slightly from February.
Today's post offers five key points from the Bank of Canada's latest communications surrounding its 0.50% policy-rate hike.
In today’s post I outline the new housing-related measures that were announced in the 2022 federal budget and offer my take on their likely impact.
Some buyers are hoping to 'flip' pre-con units before they have to close on - and actually pay for - them.
Today’s post explains why the most recent round of fixed-rate mortgage hikes will impact the market in new and significant ways.
The numbers for February continued to show a hot market.
Russia's war on Ukraine has the potential to significantly impact the global economy, and relatedly, our mortgage rates.
I expect the BoC to hike its policy rate this Wednesday, and in today's post I offer my take on whether variable-rate borrowers should respond by locking in.
Your recent mortgage must-knows all in one place!
High prices, intense buyer competition and worries about potential market crashes makes buying a house or condo today a far more complex prospect.
Cold weather and snow storms in January did nothing to cool down Toronto’s red hot housing market.
As rising interest rates and other market cooling factors arise, will home prices necessarily fall?
A closer look at the more likely - though yet to be seen - factors.
The BoC just confirmed that it will soon begin to raise its policy rate. The key questions for variable-rate mortgage borrowers are: How fast and by how much?
New listings in a high potential area of east-end Toronto fuel an even bigger vision.
Condo buyers were pulled eastward in the search for affordability.
Suburban area homes are hot in the search for affordability.
The bond market is now assigning about 80% odds of a BoC rate hike this Wednesday. I continue to take the other side of that bet, and the latest inflation data helps support my...
Record year of 119,532 home sales, surpassing the previous record of 112,288 in 2016.
A deeper dig into a new pitch from 'Key'.
Experts discuss what's ahead and whether 2022 could bring a more balanced market.
Colder weather has had no effect on Toronto’s red hot housing market which continued to show signs of heating up last month.
Why are we are seeing such a huge increase in those wanting to invest instead of live in our homes?
Real buyer demand has explained home prices rises recently, but is a familiar old factor now the story?
Always read the fine print when you rent home equipment like furnaces, A/C, HVACs and water softeners.
The Bank of Canada indicates that rate hikes are likely to come soon. What does that mean for the market?
Our Consumer Price Index (CPI) rose to its highest level in 19 years last month, but the CPI component that matters most of all still lags.
A fair ruling or is it just downright batty?
The steady drumbeat of inflation warnings have variable-rate borrowers wondering whether they should lock into a fixed rate.
The Toronto Area real estate market once again posted strong numbers in October.
With interest rates rising, could Canadian housing prices finally start to cool?
Today’s post highlights what the US Fed said last week, offers my take on the latest US and CDN employment data, and explains why I think the rate-hike hype is getting to be a bit...
A self-reinforcing cycle of higher expected inflation leading to higher actual inflation is the primary risk that central bankers now face.
One spooky surprise taught these homeowners an important lesson about disclosure.
In Toronto: Multiple-property owners are now the largest slice of homebuyers as Toronto real estate is 'insanely competitive" right now.
Here is what these experts think you can expect for the fall market in Canada.
Why a recent CBC investigation into unethical behaviour by some buyer agents fails to tell the full story.
In Toronto: Unrealistic seller expectations cause home price jumps and Ontario needs to add more homes than it ever has before just to keep up with population growth.
Here's what this may mean for our mortgage rates.
In Toronto: As September sees another jump in Toronto house prices, the industry calls on government to do something about supply.
Average house prices jump up after months of holding steady as new listings remain historically low and average condo prices rise slightly.
Buying a house with a "private drive" may not be as straightforward as you'd think in Toronto.
The Liberals have proposed many changes to Canadian housing policy - which of these are likely to happen and what will their impacts be?
Will continuing inflation worries in the wake of Covid-19 lead to tightening monetary policy - and the resulting impacts on mortgage rates?
In Toronto: The fight against NIMBYism in the city zeroes in on restrictive zoning laws and a city council decision on rooming houses.
In Toronto: Houses are being built in Canada, just not here. Find out why, along with how September distractions - read: federal election - have distracted the market.
A Superior Court decision in August provides valuable guidance on how buyers and sellers should act when a property suffers substantial damage before closing.
Inflation will likely be a longer-term issue for Canada - but it may not affect our interest rates immediately.
In Toronto: What happened to house prices in this city under the leadership of Justin Trudeau and how the federal parties aim to remedy the GTA's housing problems.
We are finally outraged about high home and rent prices enough to have Canadian politicians pledging to do something about it - will any of the proposals actually work?
A look back on how housing affordability became one of the hottest issues in today's Canada.
A 56% decline from inventory levels year-over-year as the fall market is expected to remain as competitive as it has been this summer.
Of the many measures being put forward, which proposals will actually help Canadians with housing affordability?
In Toronto: Where does Housing Now stand some three years later and what one central Toronto riding thinks when it comes to the election and housing.
In Toronto: The housing supply in the GTA hits its lowest level in a decade as measures in federal party platforms leave much to be desired.
Home buyers routinely go for stressful and inefficient plays in the strange game that is Toronto real estate - here's what to do instead.
When a title insurer pays a referral fee to a lawyer for arranging a policy on a client’s property purchase, who should get the benefit of the fee — the lawyer or the client?
In Toronto: Don't call it a comeback, but the Condo market is on fire. We explained how it happened and why in our Move Smartly feature.
Ahead of our fall election, all of Canada's political parties are full of ambitious housing policy pitches.
Until now, Ontarians who own land could have legally been made to maintain public roads - not a job most are equipped for.
In Toronto: GTA voters have their eyes on the federal parties and their housing platforms as downtown rents rise again.
In Toronto: Cooling market still remains competitive as new house listings plummet and downtown rental demand rebounds.
July's market numbers show that new listing supply for houses is falling faster than for condos.
In Toronto: While home sales might have dropped, prices roses again in July and the condo market regains its footing.
If you are buying a selling a home, avoid scheduling your closing date on September 30.
Why it is unlikely that the the Bank of Canada will raise the rates that affect our mortgages ahead of its US counterpart.
In Toronto: New plans for Ontario place, some homeowners under 35 are property rich, and the city gets $132M from the feds for housing.
In Toronto: As real estate market slows, sellers are readjusting expectations and a new study shows how much expensive GTA housing costs our overall economy.
The Toronto area market is still competitive and favouring sellers - but things are cooling down.
In Toronto: A summer sales slowdown continues into its third month, why is TO so expensive relative to Chicago and Toronto punts rooming house decision.
When thinking about what might trigger a decline in home prices, there are generally two broad categories — a fundamental trigger and a behavioural trigger.
Is it financially safe and worth making so many other sacrifices - like a long commute or living on a busy street - to get into the Toronto area housing market right now?
In the GTA's overheated market, even first-time buyers with good incomes are finding it nearly impossible to afford a home without long commutes to the city.
A key factor to watch will be the cost of worker wages which have risen as the economy re-opens.
In Toronto: A confusing time for buyers as the market suddenly cools...for most homes.
The US Federal Reserve has moved up its projected increases up from 2023 to 2024 as debate over inflationary pressures continues.
In Toronto: The big Realosophy monthly report is out, which indicates a downward trend in sales from last March's peak.
House sales of 7,825 in May are up 157% over last year - but this is due to the anomalies of the COVID-19 lockdown last year - and sales volumes have been trending down since...
In Toronto: Don't expect a pullback in the housing market anytime soon as sellers are poised for a post-COVID-19 blitz.
Will a pullback in the market lead to lower average home prices in the coming months or will prices stay high throughout 2021? What would it take to bring down the average cost of...
Why only reporting upbeat and positive information is the domain of old school real estate brokerages.
Latest economic data suggests Canadian mortgage rates will hold steady.
In Toronto: Prices ever higher, sales slow down during lockdown, and confessions from those couldn't - and wouldn't - buy in a home Toronto now.
With even experts mixed on where inflation will go, mortgage holders should dig into the debate to decide for themselves.
In Toronto: Clever billboard spotlights Toronto's out-of-reach home prices and a dubious new listing tactic.
Out catching rays? Here's a quick catch-up on key news that relates to your mortgage.
In Toronto: The city once again ranks as one of the least affordable cities in North America + How can we tackle unaffordability?
The inflation bogeyman has arrived - but does that mean higher mortgage rates?
In Toronto: Some buyers exit the market after an exhausting winter as the market for houses shows signs of cooling.
The most important trend of note now is the start of a gradual cooling down in the market for houses across the Greater Toronto Area.
Lower Canada jobs numbers could be attributed to our continued lockdowns - but why is the US jobs recovery also lagging amidst high vaccination rates?
In Toronto: The detached home market is cooling but the condo sales slump appears to be over with sales reaching pre-pandemic levels.
Can a buyer terminate a transaction and get their deposit back if the published listing significantly overstates the size of a house?
In spite of the BoC's most recent statement signalling earlier rate hikes, variable rate mortgage borrowers may not want to lock in just yet.
In Toronto: In Toronto and Vancouver many own more than one home + homebuyer complaints on the rise.
In Toronto: The condo market sales spring back to life while vacancies remain high and is the exodus from the core over?
While the federal budget won't make homes more affordable in Canada, average buyers and sellers won't be impacted by policy-induced market shocks either.
These are tumultuous times for both Canadian mortgage rates and real estate.
Ahead of this Monday's Federal Budget, John Pasalis shares his views on what our politicians should do to make Canadian homes more affordable.
In Toronto: All eyes are on potential housing market measures in Canadian federal government's budget on Monday, in a year in which the Toronto family home dream appears to have...
With 79% of houses and 63% of condos selling over the asking price in a pandemic no less, average home buyers are stressed - and confused.
Canada banking regulator tries to cool rising house prices as of June 1st - but are they taking the right approach?
A frank admission acknowledges what many have been saying - but does the government really care?
In Toronto: Amidst a pandemic, Toronto home sales and prices continue to rocket - and this time, suburbs and outburbs are part of the ride.
In Toronto: Condo market competitive again and home sellers thinking about cashing in on a hot market wonder where they could afford to buy.
In Toronto: Regulators finally sound the housing alarm, but is it too late as bidding wars continue to heat up?
Privacy screens and video cameras out while religious decorations allowed in recent Ontario legal rulings on shared condo building/townhouse spaces.
What action should policy makers take to mitigate Canada's runaway home prices - and what are they most likely to do?
This month we explore the booming housing market in Toronto and across Canada and how new macro-prudential policies can be introduced to help cool the market.
In Toronto: A wild year for the condo market and Toronto's housing bubble gets international attention.
Over the last several months, prices for PEC homes have become disconnected from reality.
This month we do a data dive on the City of Toronto’s volatile condo market over the past year.
Where will things go for variable and fixed rate mortgage borrowers?
In Toronto: The affordability crisis in the city cannot be ignored, as demand continues to flourish with little supply.
'Excessive exuberance' on display in the Toronto area real estate market right now.
With fixed rates rising, should you be changing your game plan?
In Toronto: It's bubbling, that much is clear. What's next for Toronto's red-hot housing market? Very expensive dilapidated garages.
Who is responsible when a home is so defective that it is deemed unsafe to occupy?
In Toronto: Bubble signs abound in the city as the CMHC acknowledges a soaring housing market and the return of flippers.
With some homes getting up to 30 offers in the Toronto area right now, how can you get ahead as a buyer?
In Toronto: An in-depth look at the Toronto suburban housing bubble and where we go from here.
With shortage of listings and continued demand from Toronto migrants, the real estate market was firmly in bubble territory with a price increase of 41%.
In Toronto: The suburban house market is bubbling and what it means, plus where are condo prices rising the fastest?
While lockdowns have lowered infection rates and saved lives, it has negatively impacted our economic momentum and will ultimately add to the time needed for our society to...
Realosophy's John Pasalis talks to Yahoo Finance on the record highs in real estate and why work from home, low inventory, bidding wars, and the Bank of Canada raises housing...
In Toronto: The numbers behind the urban exodus and the search for condo affordability, fierce bidding for Toronto homes and a condo bounce back.
In this post we look at the condominium neighbourhoods within the Toronto and GTA area that have performed well in terms of home price appreciation during 2020.
Given the year we’ve had and the impacts of the COVID-19 pandemic, it’s interesting to note which neighbourhoods within the Toronto and GTA area have performed well in terms of...
We are in the middle of a race between the virus and the cure, and both the timing and the outcome are still very much in question. The direction of mortgage rates depend on who...
In Toronto: Even the bullies are locking heads in a red-hot housing market, while rental-condo listings jump an exorbitant amount.
In this month's Move Smartly report, we look at key trends to keep an eye on in the Toronto real estate market during 2021.
In Toronto: Suburbs becoming unaffordable; seller fatigue in condo market as rental vacancy rate hits a 50-year high in the city.
In this month's Move Smartly report, we look back at 2020 and how COVID-19 impacted the Toronto real estate market.
In Toronto: Life returns to the condo market, led by investors looking for value, plus pandemic vaccine creates 'safe' feeling lifting real estate markets to new highs.
The strong seller’s market in Prince Edward County continued in December - for how long depends on second wave Covid-19 lockdowns impact on incomes.
What happens when home sellers leave behind possessions, or even cash? Should buyers keep their findings or return it to the sellers?
Realosophy's John Pasalis talks to BNN's Greg Bonnell about record month in which sales surged 64.5 per cent year-over-year amidst double-digit gains in all property types.
How COVID's second wave will impact unemployment and overall business, increasing the likelihood for another Bank of Canada rate cut.
In Toronto: Home prices broke records in 2020, condo prices appear to stop declining, and the challenges of making housing affordable in this city.
This month's Move Smartly report discusses when Toronto's downtown condo market will return to normal and the many vulnerabilities it faces.
In Toronto: Virtual light show instead of fireworks, soaring prices should worry policy makers heading into the new year and a condo recovery could be coming.
A couple in Edmonton find $500,000 while renovating their new home. Finders, in Canada though, are not necessarily keepers.
In Toronto: Durham region home prices spike due to Toronto exodus + Mom and Pop condo investors struggle.
How concerns about the Canadian dollar rising against its U.S. counterpart may affect our mortgage rates going forward.
These are the key factors that will impact Canadian mortgages and rates going forward.
In Toronto: A vacant home tax could be coming, but is it too late? Plus, why the downtown core is key to the condo recovery.
Why predictions of a quick resolution to the pandemic - and rising mortgage rates - may be premature.
In Toronto: What the condo slowdown could mean for the rest of the market and buyers grow shy in heated environment.
Inflation spiked last month.
In Toronto: Condo prices are down 9% from peak and a new study uncovers stark inequality in renting conditions.
In Toronto: Young tenants are leaving tiny condos in the city's core, but for investors, it's time to watch and wait.
With a slowing job recovery and Covid resurgent, mortgage rates are likely to fall further - here's how to take advantage.
With the Bank of Canada keeping its policy low last week and until 2023, the fixed vs. variable debate is an unusually one-sided one right now.
In Toronto: Single-family homes sales continue unabated while condo rents have plunged and Canada big banks not worried about real estate market.
Extraordinary demand coupled with low listings are making County real estate unsustainable.
As the gap widens between Toronto's hot market for houses and a cooling market for condos, it's more important than ever to put your moves in the right order.
Why inflationary pressures will do little to impact our declining mortgage rates.
In Toronto: Smaller markets in Ontario gain as exodus out of Toronto continues and safety concerns in the city's 'ghost hotels.'
Will financial markets remain confident in Canadian real estate as the BoC winds up and keep our mortgage rates at their present lows?
In Toronto: Home prices soar on pent-up demand due to the pandemic, while tiny condos and condo rents are down.
In Toronto: Real estate prices and sales were at a high in September, but Condo-geddon looms as listings surge 215%.
While initial numbers have been encouraging, the recovery is now proving to as sluggish as predicted.
Essential fall reading to ensure your mortgage is on the right track.
In Toronto: The rental shortage in the coming years and slow housing development approval times.
In Toronto: How will the housing market shake out for the rest of this year and what falling rents in the condo market mean.
Last Wednesday the Bank of Canada (BoC) announced that it would hold its policy rate steady, as was universally expected.
In Toronto: Why people are leaving the big smoke for suburbia and what work from home could mean for the downtown core.
While good job numbers normally mean rising mortgage rates, our economy is still far from normal.
In Toronto: Another all-time record is hit as prices surge by 20% and rents are down, but not for everyone.
If you want to know where mortgage rates are headed, inflation holds the key.
In Toronto: Single-family homes lead the way in the construction recovery and renters have more power in softening rental market.
In Toronto: COVID-19 have altered preferences in the housing market and one couple decides to stick with their 'tower' Toronto home.
Why is the head of the Canadian Mortgage and Housing Corporation (CMHC) going his own way amidst an economic crisis?
In Toronto: The hottest housing regions are not in the city as both buyers and renters continue to flock outside the GTA.
Canadian mortgage rates have been on a wild ride of late.
In Toronto: A record breaking July for the real estate market comes as realtors continue to see exodus from the city.
Our interviews with top experts on the market amidst Covid-19 identified these key factors making an impact now - and what to watch for next.
In Toronto: Condo sales fall to their lowest rates since the Great Recession but house price activity is returning to pre-pandemic highs.
A new legal judgement suggests that Ontario condo boards must act reasonably towards owners deemed to be non-compliant.
In Toronto: Upward pressure on pricing continues as 65 neighbourhoods see a home price increase.
COVID-19 is redefining the world as we know it.
In Toronto: Airbnb conversions into long-term furnished condos spike and potential trouble looms in the housing market.
Strong jobs numbers in May and June mean little against the backdrop of unprecedented job and income loss due to COVID-19.
In Toronto: Home prices soar despite the coronavirus pandemic as John Tory is pressured to action on Ontario's eviction rules.
In Toronto: CMHC issues a new real estate warning, Toronto buyers flood cottage markets and city grapples with overcrowded housing amid the coronavirus pandemic.
The Bank of Canada joins those forecasting a prolonged and difficult economic road ahead.
In Toronto: It's now cheaper to rent than own a condo in Toronto and new build home sales hit 20-year low last month.
In Toronto: Downtown rents drop for the third consecutive month and while property market remains competitive in GTA even during a pandemic.
In spite of three months of economic free fall due to COVID-19, the Toronto real estate market seems to be returning to its pre-pandemic vigour.
The spring real estate market is showing signs of life - and the usual big bank low rate teaser.
In Toronto: GTA pop growth highest in North America, buyers flock to cottage country as virtual showings increase in popularity.
Not all mortgage lenders will implement CMHC's tighter rules, opening the door to more competition.
In Toronto: Housing sales are up but risk re-opening setbacks and mortgages controversially tightened.
In Toronto: Buyers starting to get back into the market and would be home sellers and tenants clash.
Canada's top mortgage body just shared some pretty bleak expectations - should we take heed?
A respected real estate lawyer warns against using untested COVID-19 clauses in property transactions.
Last week, the CMHC's CEO had a surprising suggestion.
Why the widely reported drop in condo prices in last week's news was misleading.
In the City: Does 69% drop in sales give new buyers a chance and inside the new real estate mindset.
The market is now more competitive than it was four weeks ago.
In the City: Home buyers begin to venture out and poor housing connected to higher number of COVID-19 cases.
The pandemic-induced economic slowdown will lower mortgage rates - but how low will they go?
In in the City: Home sales hit a record low in April and Google's smart-city project cancelled.
These five factors will help you figure out whether you'd come out ahead.
In Toronto: Average rents for Toronto Area condos have dropped, with downtown falling fastest.
An increase in months of inventory suggests buyers as slowly re-entering the market - but not all regions across the Toronto area are picking up at the same speed.
In spite of rate cuts and more aggressive measures, mortgage rates haven't lowered - until now.
In Toronto: Condo sales plummet 69%, but one measure shows better news for larger market.
Home sales numbers continue to be down across Toronto and the GTA, but an equal drop in new homes for sale appears to be keeping prices stable.
Toronto: GTA home sales are down sharply and home buyers are warned that they cannot back out of their deals as the real estate market stalls in the Coronavirus crisis.
The Greater Toronto Area saw a sharp decline in both sales and new listings as home buyers and sellers adjust to the reality of the Coronavirus crisis.
Toronto: What areas are performing the best and worst in the GTA as realtors forge ahead in an uncertain landscape.
Some markets in the Greater Toronto Area are showing signs of the type of slowdown that requires buyers and sellers to act carefully.
Why a variable rate mortgage is the clear winner for borrowers right now - while those holding HELOCs should beware.
Toronto: The real estate market comes to a stop as the city takes new measures to halt the coronavirus spread.
Toronto real estate market sales have dropped sharply in the third week of Ontario's state of emergency due to Coronavirus pandemic.
After nearly five years with no decreases, the bank's policy rate has dropped all the way from 1.75% to 0.25% in March alone - but not all mortgage borrowers will benefit.
Toronto: Latest on house prices, mortgage payment defferal, rental eviction freeze and more.
While the Coronavirus (COVID-19) crisis is unprecedented, its impact on the real estate market can be seen in terms of demand and supply effects which tend to be more familiar.
While authorities have announced that Canadians will be able to defer their mortgage payments due to the coronavirus (COVID-19) crisis, some key limits apply.
In Toronto: Ontario stops evictions amid COVID-19 (coronavirus) pandemic as uncertainty casts a pall on the market.
Research over 500+ Toronto Area neighbourhoods to see which fit your lifestyle needs - and offer the best return on your financial investment.
Global economic shocks have led to unforeseen drops in mortgage interest rates - so what should borrowers do going forward?
In Toronto: Coronavirus fears could push home prices even higher, bully buyers run rampant as prices escalate and do millennials really want condos?
Find out how local real markets are doing in over 500 Toronto area neighbourhoods - based on real time house price data.
Why it's unlikely that the Bank of Canada will lower its policy rate - and our mortgage rates - this Wednesday.
In Toronto: A heated market ripples outward as competition continues to thrive with foreign buyers returning to the scene.
The necessary change would increase buyer budgets today, but likely decrease affordability in hot markets and introduce more volatility for buyers going forward.
This week, I talked to BNN Bloomberg about the questions you should be asking yourself before investing in a pre-construction condo.
In Toronto: A supply shortfall pushes house prices north as the fear of missing out returns to the market.
John Pasalis, President of Realosophy Realty, joins BNN Bloomberg to discuss needed changes to Canada's mortgage stress tests - and why it is unlikely to make a big impact on the...
In Toronto: Flashbacks to 2016 have key players in the housing market concerned as advocates call for more 'aggressive' affordability.
Condos in the Greater Toronto Area are fetching prices 15% higher than last year - but this time, it's not because of higher demand.
In Toronto: Home prices expected to rise by nearly 10 per cent as supply sinks as city puts plans to tax vacant homes on hold.
Realosophy's John Pasalis talks to BNN's Greg Bonnell about why sharply rising prices - particularly in Toronto's condo sector - might be a cause for concern.
An global health crisis is pushing investors towards safe havens, leading to a (lamentably costly) drop in fixed mortgage interest rates.
In Toronto: Single-family home sales recover as prices fall and how the province's new transit line could delay a major affordable housing project.
No change to policy rate keeps variable mortgage rates steady, but a less optimistic economic outlook pushes down fixed rates.
In Toronto: One study says it's less affordable to live in here than San Francisco or London while another indicates rent could increase seven per cent in 2020.
In Toronto: Why condo investors may be shocked by falling rents and will a high-end home tax force out Toronto talent?
Realosophy's John Pasalis chats with the team at BNN Bloomberg to review Toronto real estate in 2019 - and discuss what's ahead for 2020.
In today’s post I offer my predictions of where our fixed and variable mortgage rates are headed in 2020.
In Toronto: The market is back to its old tricks as prices soar, making it harder for newcomers to find affordable housing in the city.
In Toronto: John Tory vows to redouble efforts on transit and affordable housing in 2020.
In Toronto: What home buyers should do in a falling real estate market, the province and federal governments team up to help low-income renters, and the city declares housing 'a...
While many buyers simply hope for the best, others focus on finding a bargain - but all should instead focus on steering clear of the problem areas that bring an overall market...
In Toronto: The provincial government recommends home co-ownership to solve housing crisis.
Pot's legal in Canada, but there are still good reasons to stay clear of a home that has been used a marijuana grow operation - here's how to do it.
Our current economic conditions suggest that lower interest rates may be coming soon, but the Bank of Canada does not share that assessment - yet.
Because sometimes better real estate starts with making the best of what you already have.
In Toronto: John Tory reverses course, vowing to increase and extend levy on property tax.
Sluggish 3rd quarter data means the Bank of Canada is unlikely to cut its policy rate - though it risks the need for more aggressive cuts in the future.
The Toronto Area real estate market is heating up and getting competitive this winter as sales and prices rise and the number of new listings falls.
In Toronto: A forecast predicts 6 per cent growth for home prices in 2020 and ending the 'vicious cycle' in social housing.
Fixed and variable mortgage rates are staying put for now - but there's a case for a rate cut in the future.
In Toronto: A provincial tribunal sides with the city in a landmark case against Airbnb landlords.
According to the Chinese Zodiac, 2019 is the Year of the Pig, but history may better remember it as the Year of the Falling Interest Rate.
When you have a small kitchen, you can't afford to have appliance regrets - here are a few with lasting power.
In Toronto: A photographic study leads to calls for a vacancy tax on empty properties and how many months' rent does it take to buy a condo?
Why it's important to know whether a home has heritage designation before you buy - and how to check.
Why momentum is swinging back to the regions - and types of homes - that were hit hardest in last few years.
Variable-rate mortgage borrowers are understandably wondering whether to convert to today’s lower five-year fixed rates. But should they?
In Toronto: Home prices rise October on the back of a growing population and strong economy, plus Pharrell brings some star power to the Toronto condo scene.
Why the variable interest rate may soon join the fixed interest rate - and start falling.
In Toronto: The province's auditor general lays into Tarion for putting builders ahead of homebuyers and a seven step plan to create affordable housing.
Given how pervasive condos are to city living, why are so many unit owners out of touch with how condos are managed?
All Toronto area regions saw sales grow by double digits - except for Halton.
Why you may want to prioritize flexibility when it comes to your fixed-rate mortgage right now.
In Toronto: The city backs the Liberals, but what will Toronto get back and a fickle housing market leads to lowball offers.
Why the returning Liberal Government's first-time buyer incentives are unlikely to make much of a difference - and what policy changes would.
If the city of Toronto was serious about tackling the housing shortage, why would it charge Toronto homeowners $300,000 to legalize three bachelor apartments in their house?
Canadian fixed mortgage rates continued to rise last week.
In Toronto: Baby boomers scramble for properties as they seek to downsize and a decision on Airbnb looms.
Stuck between a slowing U.S. economy and the risk of fuelling Canadian consumer indebtedness, officials have another reason to delay a rate cut.
In Toronto: Home prices and rents expected to rise in a red-hot market as Under-35s are being left behind.
Toronto's fall real estate market opened with continued demand for detached homes throughout the Toronto area, with York Region leading the way.
As the U.S. economy starts to stall, will Canadian variable-rate borrowers see their first drop in four years?
In Toronto: Housing market posts biggest price gain in nearly two years as the city is now the world's second most overvalued property market according to UBS.
As Canadians head to the polls for the federal election, here are the policies they should be looking for.
In Toronto: Home buyers flood the fall market but they remain cautious and a new report indicates a crisis in the rental housing supply.
Converging U.S. and Canadian economies makes a variable-rate cut more likely this December.
In Toronto: Real estate 'birth year' lottery separates haves from have-nots, Toronto home prices push up the national forecast and a risky condo project in Yorkville.
More Canadian than Toronto neighbours arguing about building an addition on a house? Arguing about a shared maple tree.
What are building permits - and how can they help you avoid buying homes with major problems?
While fixed rates seem likely to go up in the short-term, home buyers locking in rates now should ask lenders what will happen if rates fall before they move in.
In Toronto: As condos sales continue to boom, landlord and renter antagonism is on the rise.
Owner stuck with $25,000 in court costs over cottage’s pre-existing issues - in spite of paying for title insurance.
In Toronto: Sales in the suburbs are up and the average cost of a one-bedroom rental reaches new and disturbing heights.
I've seen many interesting things in Toronto's real estate market over the past twenty years, but recently came across one of the oddest things I've ever seen.
Will rising inflation prevent the Bank from cutting its policy rate at its next meeting on September 4?
In Toronto: Signs of life in the 905 housing market after a soggy spring and startling price jump in neighbourhoods over five years.
While Canadian interest rates are likely to go lower, we'd be wrong to envy Danish-style negative interest rates.
The Bank of Canada likely overtightened during its last cycle - will it have to cut rates now that the world economy is slowing?
In Toronto: Sales are up so why are detached house prices falling, seniors staying put and construction workers feel the start of home building slowdown.
Toronto area detached home sales in continued to surge in last month - so why are prices falling?
Though the U.S. rate cut last week didn't spur the expected market reaction, it means that Canada mortgage rates will likely stay steady - or lower.
In Toronto: Is the summer a good time to look for real estate deals in Toronto, Toronto insists Ottawa include affordable housing when selling off land and a Toronto renter fights...
With key housing metrics giving a mixed message on demand in Prince Edward County in the second quarter of the year, new home sales continue to climb.
Why we might be excited by the prospect of negative yield bonds - and interest-free or lower mortgages - they would be bad news.
In Toronto: Torontonians moving less due to fewer options, bidding wars return, and the condo poo-poo problem.
A key 'stress test' faced by Canadian mortgage borrowers has been slackened - but more changes are required to increase affordability beyond a few thousand dollars.
In Toronto: New housing development applications dip under Ford government and how to maintain neighbourhood populations as families grow smaller?
Why are house prices sliding in the West of Canada, while the East returns to growth, with the Toronto Area's York Region leading the way?
The Bank of Canada left its policy rate unchanged at 1.75% last week as expected - and finally opts for caution over optimism.
In Toronto: Home sales up by 19%, condo sales dip 3% and are luxury home sellers opting out of MLS.
In Toronto: Home sales and condo prices increase, one in three condos are investor owned, and why first-time buyers should think twice about buying cottages to get on the housing...
In Toronto: Amidst Pride celebrations, debates about Google-affiliated Sidewalk Labs waterfront plans dominate the real estate conversation.
The Canadian economy's most recent inflation numbers mean a rate cut is less likely - unless the U.S. Fed forces the Bank of Canada's hand.
In Toronto: The feds say GTA first-time homebuyers can still benefit from mortgage program despite $560,000 cap
York Region detached homes were the hardest hit by a bubble in 2017 - so why are sales booming again?
What happens when sellers are late moving out?
In Toronto: Are mortgage stress tests making the housing crisis worse in a market with price-sensitive buyers?
Condos have helped to prop up a drooping real estate market in the Toronto area - but has demand for them started to cool?