What Our Inverted Yield Curve Means for Canadian Mortgage Rates
If you are keeping an eye on mortgage rates, then you have probably been reading a lot about inverted yield curves lately.
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If you are keeping an eye on mortgage rates, then you have probably been reading a lot about inverted yield curves lately.
The Bank of Canada is signalling an interest rate hike...so why is the bond market betting on a cut?
In Toronto: Battle over Ontario Place, renters condemn 'renoviction' and shipping containers become a community hub. (Oh, and in case you missed it, the Raptors are in the NBA...
Is a homeowner obliged to disclose to a potential purchaser that the house was the site of a gang murder?
Research shows that financial stress is among the top reasons couples get divorced. So why do we keep overspending on our homes?
In the City: Condo projects sold since 2016 in danger and Toronto battles the province over inclusionary zoning plans.
Prince Edward County announced its proposed system for licensing Airbnb’s at a packed public meeting on April 16th.
With inflation under control, will weaker economic data mean the Bank of Canada may soon look to cut interest rates?
In the City: The Foreign Buyers tax is doing its job in the Greater Toronto Area while the housing market begins to thaw in May.
How will new home construction in Prince Edward County affect housing prices in the years to come?
Why there is no such thing as a simple will.
If it's healthier for the economy when more of us choose longer-term mortgages, Ottawa can do something to make this happen.
In the City: Toronto sales and prices climb but not all is not well in the 905 and some basement rentals are fetching condo-range rents.Elsewhere: Bank of Canada urges lenders...
Last week we learned that Canadian GDP contracted by 0.14% in February on a month-over-month basis.
In the City: Jaw-dropping 'over asking' price in Toronto, Airbnb has impact on city housing and is housing a human right?
Have the Bank of Canada's overly optimistic forecasts actually hurt our overall economic momentum?
In the City: Now even condos only in reach of Toronto's top earners and ghost hotels cast a pall over the city. Elsewhere: Half of Canadians are $200 away from insolvency, U.S...
Will the Bank of Canada continue to shift to a more dovish outlook given latest economic developments?
In the City: Home sales perk up after dismal March and Toronto is named the world's 12th most expensive housing market. Elsewhere: How private lending is distorting the...
What I advise home sellers to do when their home is not selling - and why it differs from the approach often taken by agents.
The five-year Government of Canada (GoC) bond yield, which our five-year fixed mortgage rates are priced on, has been on a wild ride of late.
In the City: Community housing needs urgent investment from Ottawa and realtors feel the pinch in slowing market. Elsewhere: 40% of Canadians live house poor, an architectural...
The Bank of Canada is downplaying expectations that its next rate move will be a cut - but it may not have as much choice as it wants.
Launched this past fall, TheMindfulBroker.com aims to address a critical gap in our adult education - how to meet our basic need for housing successfully.
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.
In the City: Why Toronto is outpacing Vancouver and new data tweaks will paint a more accurate picture of the housing market. Elsewhere: Canadian home prices to stay flat...
Toronto is doing better at the things that matter most and was less affected by negative factors.
Canadian fixed mortgage rates have been on a steady downward march of late.
In the City: Housing affordability remains in crisis and explaining the exodus out of Toronto. Elsewhere: What Trudeau's home-buying incentive really means for Canadians, why...
The Liberal Government of Canada has released a budget that seeks to help beleaguered first-time buyers - but will it help?
In the City: Dirty money is driving up real estate prices according to one report and developers cancel another sold-out project. Elsewhere: Trudeau targets millennials with...
A variable-rate mortgage sounds like a slam dunk in the current environment, but it may not be.
In the City: Toronto Community Housing dispute continues while middle-class homebuyers embrace modernist architecture. Elsewhere: Canadians don't think policy alone will solve...
What happens when there is a significant discrepancy between the way a home is described on an MLS listing vs. the Agreement of Purchase and Sale?
Given conflicting economic data, will the Bank of Canada raise or lower rates?
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...
Special issues can arise from shared driveways and other shared property points.
Will the Bank of Canada put an end to rate hike speculation when it meets this week?
In the City: Majority of Torontonians want city to have more say in housing issues and new czar tackles affordable housing. Elsewhere: Canada deals with a sluggish GDP, Oregon...
Bank of Canada Governor Stephen Poloz way want higher rates, but he needs stable inflation.
In the City: Outside-the-box ideas for Toronto housing and Community housing CEO gets the boot amid controversy.Elsewhere: Banks set to reveal earnings in Canada, money...
In the City: Does Toronto need more housing innovation and Mayor John Tory's plan for affordable housing. Elsewhere: Disruptive U.S. online brokerage launches in Canada and...
The Canadian economy added 66,800 new jobs in January vs. 8,000 expected - so why aren't our mortgage rates impacted?
In the City: A new report on the housing crunch in Toronto and an agency dials back the overvaluation warning.
A key policy statement from south of the border suggests that our mortgage rates are unlikely to rise in Canada.
In the City: Province tells Toronto to cut red tape to allow more house building and the Mayor's housing affordability plan is approved.
Toronto’s own zoning regulations are standing in the way of its goal to create 40,000 affordable housing units.
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?
In the City: Has Toronto found a better way to build affordable housing and Ontario reverses Greenbelt development plan.
The good, the bad and the ugly details that might impact Toronto’s housing market in the year ahead.
In the City: What's in store for the Toronto condo market and politicians tackle the problem of (their own) high rents.
Is renting until you can save more money the sure-fire solution for an expensive housing market that it seems?
Has the Bank of Canada rushed too far in front of an uncertain economy?
In the City: Home sales fall to 10-year low, the luxury market is expected to weather the storm and Airbnb is accused of draining housing stock.
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...
Frothy economic hopes are dissipating, making future mortgage rate increases unlikely.
In the City: Toronto new build home prices post biggest 12-month drop since '96 and is the Condo part going to sober up?
The U.S. Federal Reserve is widely expected to hike its policy rate by another 0.25% when it meets this Wednesday. The question that is being actively debated is whether it...
Just like that, all of the dire warnings about rapidly rising Canadian mortgage rates disappeared faster than cookies and carrots on Christmas Eve.
In the City: Toronto home prices continue to rise and what the hyper-concentration of jobs downtown means for housing.
The Bank of Canada, in a softening of its stance, is not expected to raise its policy rate this week so variable mortgage rates should hold steady - and perhaps start falling...
In the City: Toronto real estate is vulnerable to money laundering and the dark side of the housing boom.
The Bank of Canada (BoC) is caught between a rock (rising inflationary pressures) and a hard place (waning economic momentum).
In the City: The province introduces a rent control exemption that could hurt Toronto tenants and the secret of the Four Seasons.
After studying housing markets for two decades, I have learned that making better real estate decisions is not about luck, or timing, or wealth.
Today’s post returns to the question that every borrower I work with loves to ask: “Should I choose a five-year fixed- or variable-rate mortgage today?"
In the City: Commuting costs eat up house savings for many in the GTA and Toronto suburbs see major price declines.
What happens when an owner receives an incorrect status certificate issued by a condominium corporation?
The Bank of Canada continues to signal policy-rate hikes soon, but does the current economic data support additional near-term increases?
In the City: Little relief in sight for Toronto home buyers as prices climb in October and the case for 30-year mortgages.
The Bank of Canada remains on course to raise interest rates - pushing up mortgage rates - but will lagging wage growth give it pause?
The Ontario government’s decision to repeal the Green Energy Act has also changed the rules for homeowners looking to sell their properties.
In the City: Home owners turn to high interest private debt, millennials are out of luck in East York and Toronto's affordable housing lottery.
Special Report: Toronto’s twenty-year housing boom has resulted in a negative side effect that homeowners are starting to feel – very high debt levels.
The Bank of Canada has signalled that rates will continue to rise - but for how long given larger economic data trends?
In the City: Toronto luxury home sales drop, but high-end condo sales are up and condo boards grapple with cannabis rules.
Will current optimism about Canada's economy push our mortgage rates up?
Housing markets are notoriously difficult to predict - but data can help home buyers and sellers answer some critical questions.
If you’re keeping an eye on Canadian mortgage rates, keep your other eye focused on what is happening south of the border.
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...
Will the Toronto real estate market return to previously seen highs - or has a major new road block appeared?
Existing rentals exempted but a freeze on new rentals to come to most popular areas.
How will the new United States-Mexico-Canada trade agreement (USMCA) impact the Canadian economy - and our mortgage rates?
In the City: Home prices tick upward as market tightens and TREB takes legal aim at a brokerage.
What happens when the rights of smoking and non-smoking tenants and landlords conflict?
When listing your home for sale, it’s important to choose a selling strategy that is going to help you achieve your goals.
Now that U.S. rates have increased - will Canadians rates mortgage rates follow?
In the City: GTA home sales rebound after a dark period and TREB CEO voices privacy concerns.
After years without rate increases, variable rate borrowers may soon see an increase for the fifth time in a row - is it time to lock into a fixed rate?
In the City: Realtors still lack access to TREB sales data and city council candidates are asked to sign affordable housing pledge.
Home buyers need to come up with the money for a winning bid - even in a declining market.
An insider looks back on the impact of the 2008 U.S. subprime mortgage crisis from a Canadian perspective.
In the City: TREB warns real estate agents and those waiting for a Toronto house price crash likely to be disappointed.
Buyers of lakefront cottages should be aware of whether their land touches the water not only in fact but according to the registered title.
Buyers considering using a property as an airbnb rental should have a viable “Plan B” based on long-term rental.
If the Bank of Canada has moved to responding to fast-moving incoming data, will rates really rise in late October as currently expected?
Can buying in outlying areas normally thought of as 'cottage country' be a viable way to get onto the housing ladder?
In the City: Home prices rise as the housing market stabilizes following a turbulent year.
When will innovative Toronto-area brokerages like Realosophy finally be able to share home sold prices with consumers online?
We offered less money and there was another offer on the table for more which the seller turned down - why?
Many expect the Bank of Canada to raise rates in late October - but does NAFTA uncertainty make that less likely?
In the City: The Toronto Real Estate Board tries to 'protect data' after losing anti-competition case and younger residents think about leaving Toronto due to high housing...
While the consensus expects another BoC rate rise in October, economic data between now and then may suggest otherwise.
In the City: End of a long legal fight means Toronto area realtors can now publish home sales data online.
When the sellers of a home hire a stager to help market and sell it, who owns the rights to the before and after photographs?
In the City: The Toronto home search moves to smaller Ontario cities and the GTA leads Canadian home sales.
Currently a "jewel in the rough," new plans for the picturesque harbour promise real change.
If a lawyer receives an incentive from a title insurance company for arranging a client's policy, who should get the benefit: the lawyer or the client?
Why are so many homes sitting empty and why has the number increased over last year?
Why did Canadian bond yields, which our five-year fixed mortgage rates are priced on, finish lower in spite of a jump in new jobs?
In the City: Cottage country denizens face off with Toronto buyers and condo buyers get more space in Waterloo and Hamilton.
Here are five news items from last week that should be of interest to anyone keeping an eye on Canadian mortgage rates.
Buyers of homes over $300,000 in Prince Edward County saw the best selection ever as listings increased to an all-time high this past quarter.
Toronto: Home sales and prices rise in Toronto region for second straight month as buyers return to the market.
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?
The key question for anyone keeping an eye on Canadian mortgage rates.
Toronto: Will a $10-million housing solution be affordable and Toronto beats the Bay Area in tech jobs.
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...
Our new series keeps an analytical eye on the real estate market in Prince Edward County, one of Toronto's most coveted escapes.
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...
The Bank of Canada (BoC) raised its overnight rate by 0.25% last Wednesday and it now stands at 1.5%. The move was widely expected, and Canadian lenders quickly increased their...
Toronto: Experts predict a return to normal GTA housing prices and Toronto facing undersupply of new homes.
When we look at the number of properties that have been listed for sale in the Greater Toronto Area (GTA) (including Toronto) since 2012, we see a very interesting trend.
Even with the general slowdown of the Greater Toronto Area (GTA) real estate market from our peak last year many neighbourhoods are still experiencing high levels of demand.
It is widely expected that the Bank of Canada (BoC) will raise its overnight rate by another 0.25% when it meets this week, and if it does, lenders will pass that increase on...
Toronto: Home prices at 13-month high amid influx of buyers and Mayor's affordable housing plan misses the mark.
In its most recent policy statement released on May 30, the Bank of Canada (BoC) gave every indication that it would raise its overnight rate, which our variable mortgage rates...
Toronto: Condo market may hit turbulence and can the city afford mid-rise housing?
This is the sad story of a $109,000 flower box. It all began in a large project of 213 condominium garden homes known as Bethamy Woods, in Ottawa.
The Bank of Canada just got another reminder about the perils of offering forward guidance.
This Week in Real Estate in Toronto: A directionless summer draws lowball offers and how people under 30 managed to buy in the city.
How your selling strategy may be confusing buyers - enough to keep them away.
A trade war with the U.S. would likely impact mortgage borrowers in Canada - in more ways than you might think.
The Ontario Court of Appeal has confirmed that a home buyer did not have the right to walk away from the purchase of a property which was found to be a former marijuana...
The Canadian federal government introduced new mortgage rules in the fall of 2016 to combat rapidly increasing home prices - but have they driven up condo prices instead?
Last Friday Statistics Canada confirmed that our economy lost an estimated 7,500 jobs in May, which was a much worse result than the 23,500 job gain the consensus had been...
With an incumbent already conceding defeat and two starkly opposed front-runners, an uncertain Ontario heads to provincial polls this Thurs June 7. Here's a summary of the main...
The Bank of Canada (BoC) held its policy rate steady last week but warned in its accompanying statement that our next rate hike is not far off.
Toronto: High house prices widen the inequality gap and how various Ontarians are fairing in the housing. market.
Can a person be convicted of illegally removing a property-line tree when the City has issued a permit authorizing it?
As the variable-rate mortgage wars rage on, savvy borrowers are advised to look carefully at the terms and conditions in their mortgage contract.
Toronto: New home sales in GTA hit worst April in decades and the city puts focus on two and three bedroom units.
Elsewhere: Mortgage stress tests aren't killing the Canadian...
One of the questions I get often from buyers is how house prices can remain stable while sales are declining and inventory is increasing?
In last week’s post I made the case for five-year variable rates over their fixed-rate equivalents, based on my current view of where our economy is headed.
A recent court case emphasizes the importance of using a survey and getting accurate property measurements before signing an agreement in a home purchase.
Toronto: Toronto buyers pushed to Hamilton, Toronto sellers aren't panicking and the mistake that cost sellers millions in last year's bubble.
Elsewhere: The American housing...
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...
This time last year, nearly 1,000 Toronto home buyers and sellers suffered major financial losses - could they have done something differently or was it just bad timing?
It’s time for a fresh look at the question every borrower loves to ask: Is now a good time to choose a fixed or variable rate?
Toronto: Why the GTA condo market is still hot and high-end home sales hit by new rules.
Elsewhere: Canada takes drastic steps to make housing more affordable, high prices in...
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.
Toronto: Home prices are steadying but sales are off to weakest start since 2009 recession.
Elsewhere: BC considers more changes to real estate regulations, examining why New...
How is it that 22 condominium owners in a north Toronto development do not own the units they are living in?
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...
Toronto: Proposed hikes in development charges shock condo industry.
Elsewhere: Did Ontario's real estate tax close the deal, Canada's housing market is still vulnerable to...
The Bank of Canada (BoC) left its overnight rate unchanged last week, as most market watchers expected. The Bank also released its latest quarterly Monetary Policy Report...
Gillean Gibb and Liliana Maria Pereira are next-door neighbours on Grosvenor St., in London, Ont.
The Bank of Canada (BoC) meets this Wednesday, and while most market watchers aren’t expecting the Bank to raise its overnight rate at this meeting there is still the...
It’s hard to imagine why two neighbours would together spend as much as $50,000 on legal fees in a court fight over a strip of land between their houses that measures only...
Toronto's 2017 housing bubble hurt consumers and worsened affordability, with some areas affected far more significantly than others.
Elsewhere: Canadian housing starts slowed...
Today we're releasing a new report featuring my analysis of last year's real estate bubble - why it happened and how it affected home buyers and sellers in Toronto and the...
Last Friday Statistics Canada released our latest employment report, for March.
This time last year we published a report Freeholds on Fire: How Investor Demand for Houses is Driving Up Prices in the Greater Toronto Area which looked at how investors in...
Is a purchaser entitled to back out of a real estate purchase deal if she finds out before closing that the home was the site of a murder?
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...
The headlines and the recent numbers about the Greater Toronto Area’s real estate market have not been great this spring. Average home prices are down 14% in March and sales...
Last week, Statistics Canada confirmed that our economic momentum slowed sharply in January as our GDP fell by 0.1% over the month. The drop was primarily attributed to sharp...
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...
When a parent registers title to a home in joint names with a child, and the family relationship later breaks down, the results can be unhappy — and expensive — for all...
Last week Statistics Canada confirmed that year-over-year overall inflation growth spiked from 1.7% in January to 2.2% in February. At the same time, two of the three gauges...
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...
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...
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.
Dave Larock in Interest Rate Update, Mortgages and Finances
When the Bank of Canada (BoC) met last week, it left its overnight rate unchanged, as expected.
The only real...
Realosophy Team in Media Roundup, Toronto Real Estate News
All you need to know regarding the housing market in Toronto, Canada and abroad.
This week in...
Dave Larock in Interest Rate Update, Mortgages and Finances
Last Thursday, seemingly out of the blue, President Trump announced that the U.S. would impose a 25% tariff on...
Realosophy Team in Media Roundup, Toronto Real Estate News
All you need to know regarding the housing market in Toronto, Canada and abroad.
...
Dave Larock in Interest Rate Update, Mortgages and Finances
Our January inflation data have provided the latest fuel for the ongoing debate about when the Bank of Canada (BoC)...
Realosophy Team in Media Roundup, Toronto Real Estate News
All you need to know regarding the housing market in Toronto, Canada and abroad.
This week in...
Dave Larock in Interest Rate Update, Mortgages and Finances
After thirteen straight months of impressive gains, Canada’s labour market hit the brakes hard last month.
Our...
Realosophy Team in Media Roundup, Toronto Real Estate News
All you need to know regarding the housing market in Toronto, Canada and abroad.
This week in...
Dave Larock in Interest Rate Update, Mortgages and Finances
Last Friday U.S. bond yields surged higher as investors reacted to the release of a stronger-than-expected U.S....
Realosophy Team in Media Roundup, Toronto Real Estate News
All you need to know regarding the housing market in Toronto, Canada and abroad.
...
Dave Larock in Interest Rate Update, Mortgages and Finances
The consensus continues to believe that the Bank of Canada (BoC) will raise its policy rate by another 0.50% to...
Realosophy Team in Media Roundup, Toronto Real Estate News
All you need to know regarding the housing market in Toronto, Canada and abroad.
This week in...
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...
Dave Larock in Interest Rate Update, Mortgages 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...
Realosophy Team in Media Roundup, Toronto Real Estate News
All you need to know regarding the housing market in Toronto, Canada and abroad.
...
Dave Larock in Interest Rate Update, Mortgages and Finances
In today’s post I offer my forecast for five-year variable rates in 2018. (FYI - You can read my forecast for...
Realosophy Team in Media Roundup, Toronto Real Estate News
All you need to know regarding the housing market in Toronto, Canada and abroad.
...
Dave Larock in Interest Rate Update, Mortgages 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...
Realosophy Team in Media Roundup, Toronto Real Estate News
Photo Credit: The Globe and Mail
All you need to know regarding the housing market in Toronto, Canada and abroad.
...
Dave Larock in Interest Rate Update, Mortgages and Finances
The Bank of Canada (BoC) left its policy rate unchanged last week, as expected.
In its accompanying statement the...
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...
Dave Larock in Interest Rate Update, Mortgages and Finances
Last Friday Statistics Canada confirmed that our economy added a whopping 79,500 new jobs in November, and that...
Realosophy Team in Media Roundup, Toronto Real Estate News
All you need to know regarding the housing market in Toronto, Canada and abroad.
This week in...
Dave Larock in Interest Rate Update, Mortgages and Finances
On January 1, 2018, our regulators will implement a sixth round of mortgage rule changes as part of their ongoing...
Realosophy Team in Media Roundup, Toronto Real Estate News
All you need to know regarding the housing market in Toronto, Canada and abroad.
...
Dave Larock in Interest Rate Update, Mortgages and Finances
Anyone keeping an eye on Canadian mortgage rates should pay close attention to our inflation data, which contain...
Realosophy Team in Media Roundup, Toronto Real Estate News
All you need to know regarding the housing market in Toronto, Canada and abroad.
...
Dave Larock in Interest Rate Update, Mortgages and Finances
As of January 1, 2018, everyone who borrows from a federally regulated mortgage lender must qualify using the ...
Realosophy Team in Media Roundup, Toronto Real Estate News
All you need to know regarding the housing market in Toronto, Canada and abroad.
This week in...
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...
Dave Larock in Interest Rate Update, Mortgages and Finances
Last week we received the Canadian employment data for October, which was better than expected.
Our economy added...
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...
Dave Larock in Interest Rate Update, Mortgages and Finances
The Bank of Canada (BoC) left its policy rate unchanged last week, as expected. The Bank also sounded more cautious...
The Ontario government acted with speed in imposing a new non-resident tax on real estate purchases.
But when it comes to protecting consumer deposits on...
Dave Larock in Interest Rate Update, Mortgages and Finances
Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...
Realosophy Team in Media Roundup, Toronto Real Estate News
All you need to know regarding the housing market in Toronto, Canada and abroad.
...
Dave Larock in Interest Rate Update, Mortgages and Finances
Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...
Realosophy Team in Media Roundup, Toronto Real Estate News
All you need to know regarding the housing market in Toronto, Canada and abroad.
...
Dave Larock in Interest Rate Update, Mortgages and Finances
Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...
John Pasalis in Toronto Real Estate News
Yesterday the Ontario provincial government announced plans to add more regulation to the practice of...
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...
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...
Dave Larock in Interest Rate Update, Mortgages and Finances
Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...
Realosophy Team in Media Roundup, Toronto Real Estate News
All you need to know regarding the housing market in Toronto, Canada and abroad.
...
Dave Larock in Interest Rate Update, Mortgages and Finances
Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...
Realosophy Team in Media Roundup, Toronto Real Estate News
All you need to know regarding the housing market in Toronto, Canada and abroad.
This week in...
Dave Larock in Interest Rate Update, Mortgages and Finances
Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...
Dave Larock in Interest Rate Update, Mortgages and Finances
Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...
Realosophy Team in Media Roundup, Toronto Real Estate News
All you need to know regarding the housing market in Toronto, Canada and abroad.
...
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...
Realosophy Team in Media Roundup, Toronto Real Estate News
All you need to know regarding the housing market in Toronto, Canada and abroad.
This week in Toronto: Home sales...
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...
Dave Larock in Interest Rate Update, Mortgages and Finances
Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...
A recent case involving a Toronto co-ownership building illustrates why expensive court proceedings are not always the solution to disputes between owners...
Dave Larock in Interest Rate Update, Mortgages and Finances
Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...
Realosophy Team in Media Roundup, Toronto Real Estate News
All you need to know regarding the housing market in Toronto, Canada and abroad.
...
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...
Bob Aaron in Home Buying, Legal
The most important thing a real estate lawyer must do for his purchaser clients is to confirm the exact dimensions, and location, of the...
Dave Larock in Interest Rate Update, Mortgages and Finances
Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...
Realosophy Team in Media Roundup, Toronto Real Estate News
All you need to know regarding the housing market in Toronto, Canada and abroad.
This week in...
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...
Dave Larock in Interest Rate Update, Mortgages and Finances
Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...
Realosophy Team in Media Roundup, Toronto Real Estate News
All you need to know regarding the housing market in Toronto, Canada and abroad.
This week in...
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...
Dave Larock in Interest Rate Update, Mortgages and Finances
Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...
Realosophy Team in Media Roundup, Toronto Real Estate News
All you need to know regarding the housing market in Toronto, Canada and abroad.
This week in...
Dave Larock in Interest Rate Update, Mortgages and Finances
Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...
Realosophy Team in Media Roundup, Toronto Real Estate News
All you need to know regarding the housing market in Toronto, Canada and abroad.
This week in...
Dave Larock in Interest Rate Update, Mortgages and Finances
Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...
Realosophy Team in Media Roundup, Toronto Real Estate News
All you need to know regarding the housing market in Toronto, Canada and abroad.
This week in...
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...
Realosophy Team in Media Roundup, Toronto Real Estate News
All you need to know regarding the housing market in Toronto, Canada and abroad.
This week in...
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...
Dave Larock in Interest Rate Update, Mortgages and Finances
Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...
Realosophy Team in Media Roundup, Toronto Real Estate News
All you need to know regarding the housing market in Toronto, Canada and abroad.
...
Editor's Note: This article was first published last month (May 2017).
The Ontario government last month finally passed legislation to regulate the home...
Dave Larock in Interest Rate Update, Mortgages and Finances
Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...
Bob Aaron in Legal, Home Buying, Home Selling
The Ontario Real Estate Association (OREA), which represents 70,000 real estate agents and brokers, has become involved in a...
Dave Larock in Interest Rate Update, Mortgages and Finances
Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...
Realosophy President and Move Smartly Writer John Pasalis joined Toronto Star’s Tess Kalinowski on TVO’s The Agenda's Nam Kiwanuka to talk about the cooling real estate market...
Realosophy Team in Media Roundup, Toronto Real Estate News
All you need to know regarding the housing market in Toronto, Canada and abroad.
...
Editor's Note: This article was first published last month (May 2017).
Last month’s introduction of the 15-per-cent Non-Resident Speculation Tax has...
Bob Aaron in Legal, Home Buying
When is a detached house not detached? That was the question facing the “Smiths” late last month.
The couple came to see me after they signed...
Dave Larock in Interest Rate Update, Mortgages and Finances
Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...
Dave Larock in Interest Rate Update, Mortgages and Finances
Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...
With the surge in real estate prices over the past few years, it’s not a wonder that the Toronto real estate market has seen an uptick in the number of homes being flipped,...
John Pasalis in Toronto Real Estate News , Home Buying
If there is one part of the home buying process that all of Toronto hates – it’s when you have to compete for a home...
Realosophy Team in Media Roundup, Toronto Real Estate News
All you need to know regarding the housing market in Toronto, Canada and abroad.
...
Dave Larock in Interest Rate Update, Mortgages and Finances
Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...
Realosophy Team in Media Roundup, Toronto Real Estate News
All you need to know regarding the housing market in Toronto, Canada and abroad.
...
John Pasalis in Toronto Real Estate News
On April 20th 2017 the Ontario government introduced their Fair Housing Plan which included a 15% tax on homes purchased by foreign...
Last week we touched on how to assess the impact of investors when evaluating a condo building – this week we’re going to take it one step further by delving into three other...
Dave Larock in Interest Rate Update, Mortgages and Finances
Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...
John Pasalis in Toronto Real Estate News
The first half of 2017 has been a roller coaster ride for Toronto’s real estate market.
The first 3 months of the year were the most...
Dave Larock in Interest Rate Update, Mortgages and Finances
Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...
Realosophy Team in Media Roundup, Toronto Real Estate News
All you need to know regarding the housing market in Toronto, Canada and abroad.
This week in...
Dave Larock in Interest Rate Update, Mortgages and Finances
Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...
The condo market in Toronto seems to be unfazed by the introduction of the Ontario Government’s new Fair Housing Plan. In some instances, the number of units bought by...
Realosophy Team in Media Roundup, Toronto Real Estate News
All you need to know regarding the housing market in Toronto, Canada and abroad.
This week in...
Dave Larock in Interest Rate Update, Mortgages and Finances
Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...
Realosophy Team in Media Roundup, Toronto Real Estate News
Photo Credit: The Globe and Mail
All you need to know regarding the housing market in Toronto, Canada and abroad.
...
Bob Aaron in Legal, Home Buying
Taddle Creek Pond in Wychwood. Photo Credit: By Wordconcepts - Own work, CC BY-SA 4.0
A 2016 decision of the Ontario Divisional Court has...
This week I wanted to highlight a listing I viewed over the long weekend with clients of mine that were looking for a home in the Bedford Park area. Anyone who knows the area...
Dave Larock in Interest Rate Update, Mortgages and Finances
Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...
Realosophy Team in Media Roundup, Toronto Real Estate News
All you need to know regarding the housing market in Toronto, Canada and abroad.
This week in...
John Pasalis in Toronto Real Estate News
The Ontario government has responded to the rapid growth in house prices and rents in the Greater Toronto Area by releasing what they...
Realosophy Team in Realosophy Team
Have you wondered about becoming a real estate agent, but worried about taking the plunge?
We’ve designed the Realosophy Sales Assistant...
Dave Larock in Interest Rate Update, Mortgages and Finances
Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...
When the city of Toronto increased its municipal land transfer tax on March 1, no one could have imagined that the failure to grandfather any transactions...
Dave Larock in Interest Rate Update, Mortgages and Finances
Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...
John Pasalis in Toronto Real Estate News
The first week of April saw the number of new listings of freehold houses (detached, semi-detached and townhouses) surge 62% over last...
Recently, there were two homes on the market with the same offer date and my clients were trying to figure out which one they would offer on – one in Port Credit, Mississauga...
Realosophy Team in Media Roundup, Toronto Real Estate News
All you need to know regarding the housing market in Toronto, Canada and abroad.
This week in...
From a legal perspective, buying a pre-construction condo can be an even more involved process than buying a resale property as there are many additional aspects to consider –...
John Pasalis in Toronto Real Estate News
Toronto's real estate market continued to defy gravity in March when the average price for a home climbed to $922,757 in March 2017, a...
Dave Larock in Interest Rate Update, Mortgages and Finances
Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...
Realosophy Team in Media Roundup, Toronto Real Estate News
All you need to know regarding the housing market in Toronto, Canada and abroad.
This week in...
Photo Credit: By Secondarywaltz (Own work), CC BY-SA 3.0 via Wikimedia Commons
The Supreme Court of Canada has written the latest chapter in the ongoing...
Dave Larock in Interest Rate Update, Mortgages and Finances
Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...
Realosophy Team in Media Roundup, Toronto Real Estate News
All you need to know regarding the housing market in Toronto, Canada and abroad.
This week in...
John Pasalis in Toronto Real Estate News
Last year I wrote about a trend I had been noticing in the Toronto area real estate market - whether at our office or at dinner...
Dave Larock in Interest Rate Update, Mortgages and Finances
Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...
More home buyers are considering condo style living as an alternative to freehold housing due to the widening price gap between the two types. Although a viable housing...
Realosophy Team in Media Roundup, Toronto Real Estate News
All you need to know regarding the housing market in Toronto, Canada and abroad.
This week in...
Not all insurance policies exclude coverage for floods entering a house from the outside.
Last month I wrote about a $2-million claim for catastrophic...
Dave Larock in Interest Rate Update, Mortgages and Finances
Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...
Realosophy Team in Media Roundup, Toronto Real Estate News
All you need to know regarding the housing market in Toronto, Canada and abroad.
...
Bob Aaron in Legal, Home Selling
Patrick Gladu and wife Danielle Boyer-Gladu purchased a property in Sturgeon Falls, Ont., back in 2009.
The house had been advertised on the...
Dave Larock in Interest Rate Update, Mortgages and Finances
Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...
Realosophy Team in Media Roundup, Toronto Real Estate News
All you need to know regarding the housing market in Toronto, Canada and abroad.
This week in...
Imagine turning to your insurance company after catastrophic damages to your house and being told, “You’re not covered.”
That’s what happened to Hassan...
Dave Larock in Interest Rate Update, Mortgages and Finances
Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...
Nicole Harrington in Listings of the Week
Toronto’s housing market is as diverse as its people: ranging in price, size, and location. I pick a Toronto listing or trend to focus...
Realosophy Team in Media Roundup, Toronto Real Estate News
All you need to know regarding the housing market in Toronto, Canada and abroad.
This week in...
Anyone interested in becoming a landlord in Ontario could learn some lessons from a recent court case which demonstrates how an unscrupulous tenant was...
John Pasalis in Toronto Real Estate News
In the late 1980's economists Robert Shiller and Karl Case began to challenge the long standing assumption that all home buying...
Realosophy Team in Media Roundup, Toronto Real Estate News
All you need to know regarding the housing market in Toronto, Canada and abroad.
...
Dave Larock in Interest Rate Update, Mortgages and Finances
Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...
Back in October I wrote a blog post on the correlation between high performing school districts and how they affect home value. The basic premise of the post was to show that...
Realosophy Team in Media Roundup, Toronto Real Estate News
All you need to know regarding the housing market in Toronto, Canada and abroad.
This week in...
Dave Larock in Interest Rate Update, Mortgages and Finances
Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...
Realosophy Team in Media Roundup, Toronto Real Estate News
All you need to know regarding the housing market in Toronto, Canada and abroad.
...
John Pasalis in Toronto Real Estate News
The Greater Toronto Area's real estate market is off to a very hot start in 2017. The table below shows the average price for a...
Dave Larock in Interest Rate Update, Mortgages and Finances
Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...
Nicole Harrington in Listings of the Week
Toronto’s housing market is as diverse as its people: ranging in price, size, and location. I pick a Toronto listing or trend to focus...
Realosophy Team in Media Roundup, Toronto Real Estate News
All you need to know regarding the housing market in Toronto, Canada and abroad.
...
Bob Aaron in Legal, Condo Buying
Should condominium corporations disclose the existence of Kitec plumbing to potential buyers on their status certificates? That was the...
Dave Larock in Interest Rate Update, Mortgages and Finances
Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...
Realosophy Team in Media Roundup, Toronto Real Estate News
All you need to know regarding the housing market in Toronto, Canada and abroad.
This week in Toronto:...
Condo owners who rented their suite for short-term stays violated the building’s rules, an Ontario court ruled earlier this month.
The Ottawa condo’s...
Dave Larock in Interest Rate Update, Mortgages and Finances
Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...
Nicole Harrington in Listings of the Week
Toronto’s housing market is as diverse as its people: ranging in price, size, and location. I pick a Toronto listing or trend to...
Realosophy Team in Media Roundup, Toronto Real Estate News
All you need to know regarding the housing market in Toronto, Canada and abroad.
This week in Toronto:...
Dave Larock in Interest Rate Update, Mortgages and Finances
Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...
Realosophy Team in Media Roundup, Toronto Real Estate News
All you need to know regarding the housing market in Toronto, Canada and abroad.
This week in...
Bob Aaron in Legal, Home Buying
What happens if you discover water flowing below the floor in a newly-purchased house and you have to completely gut the basement to remove...
Realosophy Team in Media Roundup, Toronto Real Estate News
All you need to know regarding the housing market in Toronto, Canada and abroad.
This week in...
Dave Larock in Interest Rate Update, Mortgages and Finances
Editor's Note: The Interest Rate Update appears weekly on this blog - check back every Monday morning for analysis...
Nicole Harrington in Listings of the Week
Toronto’s housing market is as diverse as its people: ranging in price, size, and location. I pick a Toronto listing or trend to...
