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Low-rise home prices in the Toronto area are now down 27% from the February 2022 peak — one of the sharpest corrections we’ve seen in decades.August data shows that low-rise sales...
The latest releases from Statistics Canada provided further confirmation that our economy is slowing.
Canadian inflation: Last Tuesday Statistics Canada confirmed that our Consumer Price Index (CPI) declined from 1.9% in June to 1.7% in July on a year-over-year basis, lower than...
The unauthorized use of real estate lockboxes for unsupervised access to listed properties continues to be a matter of concern to the Real Estate Council of Ontario (RECO) and...
Bond-market investors are now pricing in about a 95% chance that the US Federal Reserve will cut its policy rate at its next meeting on September 17.
It's very early days - but on the ground, are would-be buyers more interested in the house segment of the market at least?
Last week Statistics Canada estimated that our economy shed an estimated 41,000 jobs in July, reversing about half of the gains we saw in June. (I am happy to report that,...
The Bank of Canada (BoC) held its policy rate steady last week, as expected.
Highlights From Last Week
There were no significant economic data releases last week, so most of the market’s attention focused on US President Trump’s threat to hit Canada with a...Let’s roll out the red carpet and sell our new homes to foreign investors.
Statistics Canada released our latest inflation data, for June.
US economic data continue to hold up, despite the ongoing uncertainty about tariff impacts and US President Trump’s next moves.
Quick Summary: The US economy added more jobs than expected in June. That job strength will bolster US Federal Reserve Chair Jerome Powell’s plan to be patient with more rate...
Navigating a real estate agent’s creative bag of euphemisms, writes Bob Aaron, is key to cracking the code when searching for a home — like this handyman special with its low...
Quick Summary: Last week Statistics Canada confirmed that our key measures of core inflation cooled a little in May and our GDP decreased by 0.1% in April (month-over-month)....
As more 3-bedroom homes are bought by investors and converted into rentals, young families are quietly disappearing from our cities.
Canada Mortgage and Housing Corporation (CMHC) has quietly moved the goalposts on one of the most urgent public policy issues of our time.
My Monday Morning Mortgage Rate Updates will be offered in a revised format going forward.
When I offer a view on where mortgage rates may be headed, it is only after carefully weighing the question: What if I’m wrong?
Over the past year, a growing concern has emerged in Toronto’s condo market: that a wave of investor defaults could cause major damage to newly completed condo projects.
Latest market stats show increased signs of a market at a standstill.
The Bank of Canada (BoC) held its policy rate steady last week as the consensus expected it would.
The spring housing market in Toronto has officially stalled.
Last week the US Federal Reserve left its policy rate unchanged for the third time in a row, and we learned that the Canadian economy shed jobs in April.
It's roundtable time again! Urmi talks to John in Toronto and Steve in Vancouver about all things real estate.
The recent movements in Government of Canada (GoC) bond yields and, by association, our fixed mortgage rates, have been primarily determined by US President Donald Trump’s erratic...
WATCH ABOVE OR READ FULL REPORT BELOW: This is the executive summary of The Great Sell-Off, a report exploring how housing in Canada has shifted from a source of shelter to a...
Last week was mercifully quiet for news affecting Canadian mortgage rates.
The Toronto Star just reported that Toronto added nearly 269,000 people from July 2023 to July 2024, making it the fastest-growing city in both Canada and the U.S. for the second...
With the value of the average Toronto home running north of $1 million, it can be tempting for parents to add their children to title to avoid paying the government’s 1.5 per...
People often see headlines about the GTA housing market and assume those trends apply directly to their own home and neighbourhood. But the reality is far more nuanced.
The Bank of Canada (BoC) held its policy rate at 2.75% last week, which it considers to be the mid-point of its neutral range (the level where it is neither stimulating demand nor...
I’ve long been a critic of Canada’s obsession with treating homes and condos as speculative investments.
Bond-market investors do not expect the Bank of Canada (BoC) to cut its policy rate when it meets this Wednesday. They are pricing in 60% odds that the Bank stands pat.
Canada’s sluggish housing market has triggered another round of finger-pointing, with many economists and industry voices blaming government taxes - especially sales taxes and...
Last Wednesday US President Trump announced new tariffs on imports from nearly every country on the planet. Even Heard Island, located off the coast of Australia and occupied...
Pierre Poilievre’s proposed capital gains deferral plan has sparked debate about its potential impact on Canada’s housing market.
Last week Statistics Canada released our latest GDP data. The results were better than expected, for the second month in a row, mostly because buyers were front running US...
Last week, Prime Minister Mark Carney proposed waiving the GST on new homes up to $1 million—but only for first-time buyers. Conservative leader Pierre Poilievre had originally...
Last week the US Federal Reserve left its policy rate unchanged, as expected
Toronto’s rental market remains highly active, with demand for condominium rentals continuing to surge.
The Bank of Canada (BoC) cut its policy rate by another 0.25% last week, as expected. Variable-rate mortgageborrowers will see their rates drop by the same amount in short order.
When most people think about housing policy in Canada, they think of it through an economic lens – supply and demand.
Last week, Statistics Canada confirmed that our employment growth slowed in February.
Last week Statistics Canada provided a final look at how our economy was evolving in the pre-Trump era.
The Bank of Canada (BoC) won’t be feeling much Valentine’s Day love for our most recent inflation data, released by Statistics Canada last week.
US inflation increased again in January, for the fourth consecutive month.
Canadians are rightly outraged by Donald Trump’s new tariffs, but many fail to grasp just how profoundly these measures will reshape Canada’s economy and its position in the world...
It’s hard to believe it has only been a week since President Trump announced he was slapping 25% tariffs on Canadian imports. Chaos has a way of slowing down time.
The Bank of Canada (BoC) reduced its policy rate by another 0.25% last Wednesday. Variable-rate mortgage rates decreased by the same amount shortly thereafter.
Last week, Statistics Canada released our latest inflation data, for December, and the results came in basically as expected.
It's time for our first our monthly ‘The Situation’ consumer Q/A segment of the year!
Here are my Top 5 risks facing Toronto’s housing market in 2025.
Last week contained noteworthy developments for anyone keeping an eye on mortgage rates.
A decision of the Ontario Superior Court last summer is a reminder to home buyers that they cannot rely on the contents of a published listing unless any details of importance...
As we move into 2025, it’s worth looking back to see how sales, listings and prices in 2024 compared to previous years.
Last Friday we received the latest US and Canadian employment reports, for December, and both headline prints came in higher than expected.
It’s our first roundtable of the year with my co-host John Pasalis in Toronto and Steve Saretsky in Vancouver.
Happy New Year and welcome back.
I would like to wish my readers a healthy and happy holiday season.
One of the most important real estate cases of the year was released by the Ontario Court of Appeal this month.
Last Wednesday, the Bank of Canada (BoC) cut its policy rate by another 0.50%, as expected. That means our variable mortgage rates will be reduced by the same amount in short...
Toronto Resale Housing Market: A Tale of Two Halves in 2024
Last Friday brought some surprising holiday cheer for anyone keeping an eye on Canadian mortgage rates.
Last Friday Statistics Canada confirmed that our GDP increased by only 1% quarter-over-quarter (QoQ) in Q3, down from 2.2% in Q2.
Last week Statistics Canada confirmed that our Consumer Price Index (CPI) increased to 2.0% in October, above the consensus forecast of 1.9%.
The Liberal Federal Government continues to make a sharp policy turn in greatly reducing Canada's immigration numbers - how will it impact our housing market?
Will fixed mortgage rates keep falling?
As pre-construction condo sales flatline - what factor is really to blame?
Last week was packed with news worth noting for Canadians keeping an eye on mortgage rates.
After six sluggish months, Toronto’s housing market finally turned a corner as sales surged 45% year over year for low-rise homes and 32% for condominiums in October.
The market for Airbnb houses and condos is likely to take a significant hit in the wake of a ruling earlier this year by the Tax Court of Canada, which held that the sale of a...
Canadian mortgage borrowers have benefitted from some helpful tailwinds of late.
The Bank of Canada (BoC) reduced its policy rate by 0.50% last Wednesday, from 4.25% to 3.75%.
The Bank of Canada (BoC) needs to sharply reduce its policy rate, and fast.
This week, Urmi talks to John about how his own research into how investors impact the housing market as he completes his own doctoral degree on the same.
Recapping the latest mortgage news over the past few weeks
While the Toronto area experienced an unseasonably warm September this year, the housing market remained cool.
Last week provided a reminder of why bond yields and mortgage rates are so difficult to forecast.
It’s October Roundtable Rumble time!
Judge finds it foreseeable sellers might rely on proceeds of sale to meet obligations to buy another house. Bob Aaron says it’s best to have backup financing.
Last week the Office of the Superintendent of Financial Institutions (OSFI), our banking regulator, announced that it will no longer require any renewing mortgage borrowers to...
It's time for your questions on our September consumer Q/A segment, ‘The Situation’.
In our latest Move Smartly ideas discussion, we assess whether the Liberal Federal Government's announced mortgage changes will help make housing more affordable as claimed.
Latest happenings in Canada and the U.S. made for a big week in Canadian mortgage news.
The US Federal Reserve meets this week, and the market unanimously expects that it will reduce its policy rate for the first time since the start of the pandemic.
Why wasn't opposition leader Pierre Poilievre, like so many other Canadian leaders, able to see the problem earlier?
Last week the Bank of Canada (BoC) dropped its policy rate from 4.50% to 4.25%, as expected.
What buyers and sellers do in September will set the tone for the rest of the season.
The Bank of Canada probably won’t cut by 0.50% this Wednesday, but I think they will wish they had when all is said and done.
From earlier this month, one of our hotter Toronto-Vancouver real estate roundtables.
Last week saw encouraging developments on both sides of the 49th parallel for anyone hoping that Canadian mortgage rates will continue to drop.
In our latest Move Smartly ideas discussion, I explore what lessons we can - and can't - learn from the drive to building mass affordable housing around this world.
The latest US economic data have US bond-market investors paring back their bets on a 0.50% rate cut by the US Federal Reserve at its next meeting on September 18.
Over 100,000 existing homes could be freed up to address the 3.5 million home gap needed to restore affordability - so why isn't Canada's leading housing agency acting on this?
We lost 2,800 jobs on a net basis last month, following a net loss of 1,400 jobs in June. The latest result was well below the consensus forecast of +25,000.
The Greater Toronto Area has a record 11,079 condominium units available for sale, the highest number of units for any month in any year.
Bond yields plunged last week as investors repositioned themselves for a US led global economic slowdown.
The Bank of Canada (BoC) cut its policy rate by another 0.25% last Wednesday, lowering it to 4.5%.
From earlier this month, a world-spanning July episode of the Toronto-Vancouver real estate roundtable with John in Greece, Steve in Vancouver and Urmi in Toronto!
Today’s post explains why I think the Bank of Canada will cut this week, and several more times in short order.
Last week we learned that US inflation cooled in June. That was welcome news for anyone keeping an eye on Canadian mortgage rates.
The number of condos available for sale in the Toronto area has reached another new record high — so will this surge ease our housing shortage?
The market’s initial reaction to new economic data is worth noting, but if you’re trying to predict where mortgage rates are headed, it is also important to keep an eye on longer...
Move Smartly mortgage expert David Larock explains what Canadian mortgage holders need to know each week.
It's time for your questions on our June consumer Q/A segment, ‘The Situation’.
It doesn’t take long for anyone keeping an eye on Canadian mortgage rates to see the impact on them from US economic developments.
While most media headlines regarding Toronto’s condo market have focused on the record number of units listed for sale, there is a bigger and more troubling risk that few have...
The outlook for Canada’s economy and housing market is challenging, with more difficulties likely before any improvement.
The US Federal Reserve held its policy rate steady last week, as expected.
Some prominent real estate industry figures are predicting boom times will return to the Toronto housing market - what can home buyers and sellers really expect?
It’s the first summer episode for the Toronto-Vancouver real estate roundtable time with Urmi, Steve and John!
The Bank of Canada (BoC) reduced its policy rate from 5.00% to 4.75% last week, marking its first cut since it slashed its policy rate by 1.50% in March 2020 during the early...
At the end of May, the Toronto area had 9,951 condominiums available for sale, the highest number of units for sale for any month in recent history.
The Bank of Canada (BoC) meets this Wednesday, and bond-market investors now put the odds of a 0.25% rate cut at about 70%.
Canada's population is experiencing rapid growth, but housing starts are plummeting, raising concerns for the future of Toronto's housing market. This article explores the...
Last week, Statistics Canada confirmed that inflation pressures declined again in April.
Deciding on the most effective pricing strategy when selling your home can be a critical factor in achieving a successful sale. This post explores the two primary approaches to...
Normally the busiest time of the year, soft demand for houses and a spike in condo listings stand out in last month's market statistics.
Bond yields finally broke lower last week, and that has relieved some of the pressure on our fixed- mortgage rates.
It's time for your questions on our May consumer Q/A segment, ‘The Situation’.
While many in Canada argue yes, data and the experience of other economically liberal countries says otherwise.
Today’s post explains why our fixed and variable mortgage rates will likely be heading in opposite directions in the near future.
Our fallen productivity is a "national emergency."
Government spending is high on both sides of border - here's how it may matter to our mortgage rates.
Canada’s governing Liberals have released a federal budget to solve the housing crisis as they head off low polling numbers ahead of next year’s election.
Five key observations about the Bank's latest communications, which will be of interest to anyone keeping an eye on Canadian mortgage rates.
The latest stats are in for March 2024.
It’s Toronto-Vancouver real estate roundtable time with Urmi, Steve and John!
When will much anticipated rate cuts start happening?
The latest in the Liberal federal government’s pre-budget policy offensive will do little to help renters.
Mortgage-related news made headlines again last week.
It's time for our popular consumer Q/A segment, ‘The Situation’ on the latest Move Smartly show episode.
Urmi talks to Gregor Craigie, a journalist, Host of ‘This Island’ on CBC Radio One in Victoria, and author of the new book, “Our Crumbling Foundation: How We Solve Canada’s...
A major new announcement on a change to Canada's immigration targets will have a bigger impact on our housing affordability crisis than it may first appear.
Last week was chock full of news with implications for Canadian mortgage rates.
Selling a tenanted property in Ontario to a buyer who wishes to occupy for own use sometimes requires more complicated negotiations.
Each month in this live session, I discuss the latest stats, on the ground realities and answer consumer questions about the Toronto area real estate market right now.
While Canada may have a massive housing shortage, it suddenly does not have a shortage of ideas to solve our housing crisis.
Last week the Bank of Canada held its policy rate steady at 5%.
It’s time for our March Toronto-Vancouver real estate roundtable with Urmi, Steve and John!
Latest data shows Toronto’s housing market remained competitive in February, but a significant increase in new listings is taking some heat out of the market.
In our latest monthly consumer Q&A, I respond to the detailed questions that real estate consumers across the GTA are asking now.
It will be a shock if the Bank of Canada moves its policy rate when it meets this week.
Is Toronto in a Housing Bubble That's About to Burst?
This week, John and I engage in a lively discussion with economist Mikal Skuterud about Canada's changing migration landscape, challenging some common myths, assessing impacts on...
I look into the data to understand why Toronto area condo rents have been falling over the last 5 months.
There are many things home buyers and sellers need to know if they are considering buying or selling a tenanted property in Ontario.
A closer look at the data suggests a soft landing may still be elusive.
The market is heating up as we’re back with our Feb Toronto-Vancouver real estate roundtable with Urmi, Steve and John!
The housing market in the Toronto area became far more competitive in January thanks to a rapid increase in the number of sales and moderate to no growth in the number of new...
Last week continued a run of surprisingly strong economic data on both sides of the 49th parallel.
In our latest monthly consumer Q&A, I respond to the detailed questions that real estate consumers across the GTA are asking now.
The federal government is now scrambling to reign in Canada's spiking foreign student numbers - how will this impact the housing market?
The Bank of Canada held its policy rate at 5% last week, as expected.
We return to our semi-regular feature, Move Smartly ideas, where Urmi and John unpack and discuss some of the bigger issues impacting the housing market in Toronto and Canada.
The Bank of Canada (BoC) isn’t expected to cut its policy rate when it meets this Wednesday, so the focus this time will be for hints on the timing of when the first one will...
Each month in this live session, I discuss the latest stats, on the ground realities and answer consumer questions about the Toronto area real estate market right now.
Why did our federal government ignore the warnings if the impact of Canada’s high population growth on housing was so obvious?
The GTA’s housing market ended the year with the lowest number of home sales in over 20 years.
Shelter costs are the biggest component of inflation - so will the Bank of Canada start to measure inflation without it, knowing its own rate moves have an impact?
It’s a New Year — and we’re back with our first roundtable for 2024 on Toronto-Vancouver real estate roundtable with Urmi, Steve and John!
This week's Canadian mortgage news and tips from expert David Larock.
The year ends with a likely change to the higher-for-longer interest-rate view.
Is Toronto’s housing market turning another corner after being sluggish over the past few months?
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 from expert David Larock.
Pawel Kosicki and Megan Munro found they didn’t, and a judge ruled an individual can’t acquire ownership by encroaching on public land, says Bob Aaron.
This week's Canadian mortgage news and tips from expert David Larock.
This week on the Move Smartly show - why aren't the 'big' numbers in housing as well known as other economic figures we follow religiously like GDP and inflation targets?
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...
This week's Canadian mortgage news and tips from expert David Larock.
Does it make sense for neighbours to spend tens of thousands of dollars on legal fees over what a judge described as an insignificant piece of disputed land along the shared...
A closer look at the data reveals that the market for low-rise houses and condos is performing unevenly across the Greater Toronto Area’s (GTA) five regions.
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...
This week's Canadian mortgage news and tips from expert David Larock.
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.
Case shows using joint ownership as an estate planning tool to avoid the payment of probate when one owner dies is risky, writes Bob Aaron.
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?
When the value of a house is affected by a history of murder, suicide, ghosts, or hauntings, it is generally referred to as stigmatized, explains Bob Aaron.
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.
The Bank of Canada (BoC) held its policy rate steady last week. That means our variable mortgage and home-equity line-of-credit rates will remain at their current levels, at least...
It's always felt hard to be a renter in Toronto - but a dig into the numbers shows the problem has gotten much worse.
It's something that many agents don't like to discuss - here's why.
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?
Anyone these days can generate an emoji, but without ample evidence to confirm the source, its use is neither efficient, nor reliable, says Bob Aaron.
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.
Weekly Interest Rate Update
The Bank of Canada (BoC) hiked its policy rate by another 0.25% last Wednesday, as widely expected. That means our variable mortgage rates will increase by the same amount in...
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.
All Canadian mortgage rates moved higher last week.
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%.
Will the Bank of Canada hike its policy rate when it meets this Wednesday?
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!
Justice of the peace found noise caused by pickleball was unreasonable and disturbed inhabitants and that this breached town bylaws.
The Canadian Consumer Price Index (CPI) increased by 4.4% on a year-over-year basis in April, up from 4.3% in March.
This example shows Ontario’s laws must ensure an end to discrimination in housing throughout the province.
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.
It failed to consider these fairly, take his concerns seriously, and provide timely responses and decisions during the process.
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?”
The inflation debate has suddenly taken a backseat to concerns about systemic financial risk in both the US and Europe.
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.
Last week was a busy one for anyone keeping an eye on Canadian mortgage rates.
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.
Last week Statistics Canada confirmed that our Consumer Price Index (CPI) fell from 6.3% in December to 5.9% in January on a year-over-year (YoY) basis.
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.
Last week we learned the Canadian economy added an estimated 150,000 new jobs in January, ten times higher than the consensus estimate of 15,000.
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.
Most forecasters expect the Bank of Canada (BoC) to hike its policy rate by another 0.25% when it meets this 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.
Expect more volatility over the next 12 months, where good news equals bad news, and both pivots - and crashes - aren't likely.
All owners of residential property in the City of Toronto must file an online declaration of the occupancy status of their property before February 2, 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.
Why this holiday season is unprecedented for reasons beyond this Christmas weekend's 'weather bomb.'
After long denying the role that foreign buyers play in Canada's housing market, the federal government and authorities are not targeting the real problem.
What a long, strange trip 2022 has been.
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.
What you need to know - and why these rates are different from what we saw in 2008 south of the border.
But it make take some time before inflation starts dropping.
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...
Last week was an eventful one for anyone keeping an eye on Canadian mortgage rates.
Why this isn't the pivot that some have been anticipating.
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.
I hope that you all enjoyed a happy Thanksgiving weekend.
What economic research says about how real estate prices tend to move when the market changes suddenly.
And what it means for Canadian mortgage holders.
And why Canada's rate hiking cycle may not last as long.
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.
Why a 0.50% increase by the Bank of Canada is a better option than the 0.75% hike the consensus expects this Wednesday.
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.
Let’s try something different this week.
Early signs of a slowdown on-the-ground now strongly showing in the latest market numbers.
A contrarian case for inflation and interest rates falling back more quickly than most forecasts predict.
How you need to adjust your strategy in a suddenly changing market.
Here's a quick recap to ensure you are on top of the latest news you need to know.
Some areas that saw the fastest price gains during the pandemic are now coming down.
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.
The Bank of Canada (BoC) has faced plenty of criticism of late. What does this mean for fixed and variable mortgage rates going forward?
Over the last decade in the Toronto area, this increase has averaged 8% per year - but not this year.
Surging prices continue to dominate the headlines, but last week’s US inflation data offered the first glimmer of hope that inflation may finally have peaked.
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.
How a new measure to target property speculation might disrupt the market.
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.
The numbers show that Canada's home prices standout amongst comparable countries.
Today's post compares the risk of borrowing at five-year fixed rates after their recent dramatic rise to the risk that five-year variable rates will surge even higher.
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.
The Bank of Canada hiked last week and the key questions now are: How fast will its policy-rate rise and how high will it ultimately go?
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!
Bob Aaron: "Home prices would plummet, as they did with the new levy in ’74. I vividly recall that the housing market crashed overnight."
High prices, intense buyer competition and worries about potential market crashes makes buying a house or condo today a far more complex prospect.
US inflation surged higher last week and took our fixed mortgage rates along for the ride. In today's post, I explain why US inflation fear may soon peak out.
Cold weather and snow storms in January did nothing to cool down Toronto’s red hot housing market.
Our economy shed 200,000 jobs in January. Strangely, GoC bond yields surged higher on the same day that news was released, and today’s post explains why.
How Canada's immigration rate affects home prices
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.
He was a successful advocate of affordable homes in Toronto. And he was part of my family.
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.
There is widespread speculation that the Bank of Canada (BoC) will start to raise its policy rate at its upcoming meeting on January 26.
Why five-year variable rates will likely save money versus their fixed-rate equivalents in 2022 (and beyond).
A deeper dig into a new pitch from 'Key'.
Experts discuss what's ahead and whether 2022 could bring a more balanced market.
Prospective purchasers cannot rely on a published listing when it comes to the interior size of a home.
Why a change who's behind the demand for homes makes all the difference.
Normally the news quiets down as we head into the holidays, but last week was packed with important updates for anyone keeping an eye on mortgage rates.
Colder weather has had no effect on Toronto’s red hot housing market which continued to show signs of heating up last month.
The Bank of Canada held rates steady last week and also pushed back against the bond market’s bet on a more rapid rate-hike timetable.
Over 50% of Generation "Z" have given up on ever being able to afford a home in Toronto.
Last week had five important updates that have implications for our mortgage rates, spanning from Omicron to the latest employment and GDP data
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...
Ontario realtors are now joining experts and activists in calling for zoning rule changes to address Toronto's housing supply problem.
A deep data dive takes us past some familiar complaints to find the real reasons our supply of homes can't meet demand.
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.
How seriously should we take the latest alarm from Canada's top housing authority?
Variable mortgage rates can seem like a scary option in these uncertain times, but are they really that risky? My answer might surprise you.
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.
While bonds and the fixed-mortgage rates they are based on may rise, policy rate hikes - and variable rate rises - are less likely.
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.
What America's top financial body's next move may mean for Canadian mortgage rates.
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.
Following the pandemic-induced slowdown, the number of leased condo units has returned to a historically high level.
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.
As Canada heads into an election this fall, here's a closer look at two policy areas that need to be better linked to tackle housing affordability.
While North American inflationary pressures in the wake of Covid-19 are a risk - there are signs that such pressures - and the impact they may have on our mortgage rates - may be...
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.
How differing beliefs about the housing market between buyers and investors leads to very different market outcomes.
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.
Signs that the market is still moving quickly, but not as out-of-control as it was months ago.
Here's the latest on news and developments that may impact Canadian mortgage rates.
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.
There are always some that will perennially argue that a lack of supply is the only problem behind high home prices in Toronto - but it's not that simple.
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?
The numbers suggest an economic recovery is underway, will higher mortgage rates follow?
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.
As agents suggest that demand from investors for Toronto condos has likely exceeded pre-pandemic levels, we dig into the numbers to see.
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.
Is the Bank of Canada shifting away from rates staying ultra low - and should mortgage borrowers lock in now?
In Toronto: The condo market sales spring back to life while vacancies remain high and is the exodus from the core over?
Canadians who buy, renovate and sell homes quickly use the principal residence gain tax exemption to enhance their profits - but there may be limits.
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.
It's easy to blame interest rates for Canada's current housing unaffordability, but housing policy makers could do more amidst a pandemic-economic crisis.
In Toronto: Condo market competitive again and home sellers thinking about cashing in on a hot market wonder where they could afford to buy.
This month we explore low inventory levels and demand shock in Toronto's housing market.
In a rare week of no new Canada mortgage news, it's a good opportunity to make sure your mortgage planning is in tune with current realities.
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.
Where will things go in the ongoing fight between the central banks and the bond market - and what should mortgage borrowers do?
In Toronto: A wild year for the condo market and Toronto's housing bubble gets international attention.
Why mortgage rate increases are unlikely to dampen buyer enthusiasm, how the Bank of Canada is contributing to it and more.
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?
A closer look at some surprising real estate stories this week.
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?
Sometimes inflation fears cause more inflation, but there are signs this spike in Canada is temporary.
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?
Five-year fixed mortgage rates are on the way up in response to the growing consensus belief that US inflationary pressures will rise quickly.
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%.
Debt Free in 30's Doug Hoyes talks to John Pasalis about the pandemic lockdown, government policy, buyer fatigue and more.
Happy Family Day to Move Smartly Readers! Here's a review of top mortgage tips for 2021.
In Toronto: The suburban house market is bubbling and what it means, plus where are condo prices rising the fastest?
This month we look at Toronto's emerging housing bubble in the suburbs, how it's different from 2017 and how it will end this time around.
Can a home inspector avoid legal responsibility if there is an exclusion of liability clause in the inspection contract?
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.
Homeowners are allowed use the surface of a property easement, as long as it doesn’t interfere with the utilities underneath. If it does, costs add up.
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.
Five insights into the Bank of Canada's optimistic forecast due to falling infection rates and large-scale vaccinations, and what that means for your mortgage.
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.
We're in for a tough winter but there's hope. Forecasters expect our economy to rebound robustly and inflation to surge, as consumers spend the cash they saved during the...
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.
Realosophy's John Pasalis talks to Yahoo Finance about why Toronto's real estate market broke records during what's usually a quiet holiday season.
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.
Happy New Year to Move Smartly Readers! Here's a look at the current consensus forecast and the fixed and variable mortgage rates for the year ahead.
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.
A very Happy Holidays to Move Smartly Readers! Here's a review of top mortgage tips to take you into 2021 given the crazy year that was.
This month's Move Smartly report investigates the rapid acceleration in demand and house prices in Toronto's suburban markets.
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.
With the Toronto condo market cooling, this month's Move Smartly report investigates which condos are to watch - and which to avoid.
Inflation spiked last month.
In Toronto: Condo prices are down 9% from peak and a new study uncovers stark inequality in renting conditions.
Bond yields, which fixed mortgage rates are based on, have recently surged, but is this just a blip?
Our lead story in this month's Move Smartly Report unpacks conflicting reports about the condo market.
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.
In Toronto: Housing prices hit new record, but downtown condo sales continue to fall and alarm investors.
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.
This month, The Move Smartly Report digs into where Toronto's surge in condo rental supply is coming from.
Why we are not out of the Sugar Maples by a long shot.
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.
Once again, is the real problem supply or demand?
Given current central bank policy in Canada and the U.S., will variable rate mortgages stay lower than fixed rates over the next five years?
In Toronto: How will the housing market shake out for the rest of this year and what falling rents in the condo market mean.
Record sales, stressed buyers and deals falling apart - contributor Treat Hull urges caution from "The County" in the frenzy to get out of Toronto amidst Covid.
Our Monthly Market Report looks at how well major forecasts for Toronto area home prices are holding up six months after the start of the Covid-19 crisis.
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.
Join us for the Toronto Real Estate Summit being hosted right here on Move Smartly this July 20 to 23. Watch on demand starting July 20. Free to register.
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.
Calculators, links and info you need to make the best decisions for you.
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.
If you need a mortgage soon, your goal should be to maintain flexibility in case rates continue to fall.
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.
It's Week 10 - here's a recap of tips to manage your mortgage.
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.
The Greater Toronto Area saw a record low 2,942 home sales in April 2020.
In Toronto: Average rents for Toronto Area condos have dropped, with downtown falling fastest.
The average rent for a condo across the Toronto area is down, while units for rent climb.
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.
The Bank has acted aggressively to counter the economic shocks induced by the Coronavirus and the decline of oil - and their efforts to lower mortgage rates may finally be working.
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.
The economic fallout of the coronavirus crisis is making mortgage lenders seize up - and two main factors will determine how cautious they'll be: house prices and job losses.
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.
Lenders have raised both their fixed and variable mortgage rates to the surprise of many borrowers - here's how to manage your mortgage during this stressful time.
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.
As the world goes into lock-down to stem the COVID-19 (Coronavirus), what should we be doing with our mortgages?
In Toronto: Coronavirus hammers the markets as home sales soar and short-term rentals get pinched.
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.
A drop in the stress-test rate would be good news for borrowers needing to expand affordability, but should our big banks be calling these shots?
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.
Drowning in the parkas, snow pants and boots of winter and cramped for space? Consider a less traditional approach to creating a mudroom.
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...
While the mortgage stress test has helped ease overheating housing markets, will the Trudeau government finally address its flaws?
In Toronto: The provincial government recommends home co-ownership to solve housing crisis.
This past year’s GTA real estate market may become known as the year of aborted transactions.
One data trend emerges starkly amongst a litany of theories.
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?
One of the trickiest rooms to get right in smaller homes is the kid's playroom - here's how to do it.
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.
An investigation into the claim that thousands of Toronto investor-owned condos are sitting empty.
Why the variable interest rate may soon join the fixed interest rate - and start falling.
Worried about making your children share a bedroom? Why creating a successful shared environment may actually benefit them more.
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.
Why you don't need to live in a bigger space just to keep up with the Joneses - or to thrive as a family.
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?
In the City of Toronto, homes are currently being advertised for sale with front pad parking spots that need to be registered to be considered legal.
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.
Toronto's booming real estate market and our love of tv reno shows has made the "flip" - a quickly renovated home - part of our everyday vocabulary, but it poses unique risks for...
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.
Use the latest in data technology to avoid being surprised by these common but ‘invisible’ house problems.
While the Bank of Canada sees a rocky economic outlook ahead, it didn't cut rates - yet.
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.
August home sales in the Greater Toronto (GTA) area were up 13% over the same month last year based on Realosophy Realty's analysis of sales through the Toronto Real Estate...
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...
Joint ownership of a home in Ontario has meant that a surviving owner becomes the sole owner - but now?
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.
Toronto area condo prices are now out of reach for many buyers, pushing sales down - so what's keeping prices up?
Strong demand continues with sales up 19% over the same month last year, but why aren't we seeing the bidding wars of previous years?
Why export-oriented Canada balances its fight against inflation against the need for a competitive dollar.
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
High real estate prices are inspiring more creative buying arrangements between even casual acquaintances - but it's important to proceed carefully.
York Region detached homes were the hardest hit by a bubble in 2017 - so why are sales booming again?
What happens when sellers are late moving out?
In Toronto: Are mortgage stress tests making the housing crisis worse in a market with price-sensitive buyers?
Condos have helped to prop up a drooping real estate market in the Toronto area - but has demand for them started to cool?
If you are keeping an eye on mortgage rates, then you have probably been reading a lot about inverted yield curves lately.
The Bank of Canada is signalling an interest rate hike...so why is the bond market betting on a cut?
In Toronto: Battle over Ontario Place, renters condemn 'renoviction' and shipping containers become a community hub. (Oh, and in case you missed it, the Raptors are in the NBA...
Is a homeowner obliged to disclose to a potential purchaser that the house was the site of a gang murder?
Research shows that financial stress is among the top reasons couples get divorced. So why do we keep overspending on our homes?
In the City: Condo projects sold since 2016 in danger and Toronto battles the province over inclusionary zoning plans.
Prince Edward County announced its proposed system for licensing Airbnb’s at a packed public meeting on April 16th.
With inflation under control, will weaker economic data mean the Bank of Canada may soon look to cut interest rates?
In the City: The Foreign Buyers tax is doing its job in the Greater Toronto Area while the housing market begins to thaw in May.
How will new home construction in Prince Edward County affect housing prices in the years to come?
Why there is no such thing as a simple will.
If it's healthier for the economy when more of us choose longer-term mortgages, Ottawa can do something to make this happen.
In the City: Toronto sales and prices climb but not all is not well in the 905 and some basement rentals are fetching condo-range rents.Elsewhere: Bank of Canada urges lenders to...
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 Vancouver...
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.
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 through...
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 home...
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 laundering...
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 bubbles...
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 will...
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...
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 on...
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 costs.
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 to...
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 Areacondo 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 market...
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 (MPR),...
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 possibility...
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 0.14...
Toronto's 2017 housing bubble hurt consumers and worsened affordability, with some areas affected far more significantly than others.
Elsewhere: Canadian housing starts slowed in...
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 Greater...
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 the...
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 are...
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 concerned.
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 that...
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 UK's...
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 decision...
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 question...
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.
This week in...
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 economy...
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.
This week in...
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 0.75%...
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.
This week in...
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.
This week...
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 for...
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.
This...
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 Bank...
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 result...
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.
This...
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.
This week in...
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 Mortgage...
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 that...
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 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...
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