4/5/2024 | Posted in Canadian Housing Market by Jim Turnbull
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The Canada Mortgage and Housing Corp. is forecasting home prices could match peak levels seen in early 2022 by next year and reach new highs by 2026. ... More
8/6/2023 | Posted in Mortgages and Real Estate by Jim Turnbull
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With the Bank of Canada’s interest rate hikes aimed at fighting inflation, the housing market in Canada experienced a slight drop in prices, according to a new report from ... More
4/21/2020 | Posted in Canadian Housing Market by Jim Turnbull
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Canadian home prices could fall a “relatively modest” five per cent by July as some owners are forced to sell in the face of the economic hardship brought on by ... More
1/30/2020 | Posted in Canadian Housing Market by Jim Turnbull
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Quarterly price trend report shows most major markets posted gains. ... More
8/10/2019 | Posted in Mortgages and Real Estate by Jim Turnbull
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The recent slowdown in Canada’s hottest housing markets is turning a corner and a potential new price boom is threatening to frustrate would-be buyers’ hopes. ... More
5/1/2019 | Posted in Mortgages and Real Estate by Jim Turnbull
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The Canadian government should consider being flexible on its new mortgage lending rules because the impact has been longer-lasting and more significant than expected, ... More
4/11/2019 | Posted in Canadian Housing Market by Jim Turnbull
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While this season usually brings a wave of interested buyers, economists wonder if we’ll see a spring thaw in the market this year. ... More
5/14/2018 | Posted in Luxury Real Estate by Jim Turnbull
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Luxury home prices across Canada have remained “relatively resilient” this year so far despite lower sales in the Greater Toronto Area (GTA) and Greater Vancouver, ... More
2/8/2018 | Posted in Real Estate Market by Jim Turnbull
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New Canadian home prices stalled for the first time in almost three years, another signal that the boom in Toronto has been slowed by higher interest rates and tougher rules for ... More
1/4/2018 | Posted in Mortgages and Real Estate by Jim Turnbull
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By all indications, 2017 has proven to be a tumultuous period in the mortgage and real estate spheres, but a markets observer argued that this year will offer a measure of respite ... More
10/10/2017 | Posted in Real Estate Market by Jim Turnbull
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Conventional economic factors including population, incomes and borrowing costs accounted for less than half of the 40% surge in Toronto home prices between 2010 and 2016, ... More
8/25/2017 | Posted in GTA Real Estate by Jim Turnbull
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The basic lesson: A property is worth what a buyer is willing to pay ... More
8/22/2017 | Posted in Mortgages and Real Estate by Jim Turnbull
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Canadians have qualified for much larger mortgages over the past two decades due to record-low interest rates, and that has impacted affordability according to the Fraser ... More
7/6/2017 | Posted in Toronto Real Estate by Jim Turnbull
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New statistics released by the Toronto Real Estate Board once again confirm everyone didn't just wake up to a shortage of land overnight. ... More
6/21/2017 | Posted in GTA Real Estate by Jim Turnbull
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Internal mid-month statistics for June from the Toronto Real Estate Board show average prices in the Greater Toronto Area shed almost 6.4 per cent in just two weeks with sales ... More
6/14/2017 | Posted in Real Estate Market by Jim Turnbull
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In May, the Teranet–National Bank National Composite House Price Index™ was up 2.2% from the previous month, the largest May gain in the 19-year history of the index. ... More
5/25/2017 | Posted in Real Estate Market by Jim Turnbull
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Efforts to rein in Toronto's hot housing market and recent problems at mortgage lender Home Capital are unlikely to hurt Canada's national real estate market as low ... More
4/5/2017 | Posted in GTA Real Estate by Jim Turnbull
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Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported 12,077 residential sales through TREB’s MLS® System in March ... More
3/27/2017 | Posted in Toronto Real Estate by Jim Turnbull
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Toronto’s housing market is likely to stay strong for the rest of the year, with home prices jumping as much as 25 per cent, amid hints that speculators are fuelling demand ... More
3/22/2017 | Posted in Toronto Real Estate by Jim Turnbull
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The ever-rising home prices in Toronto are set to gather pace and require policy measures to curb speculation according to economists. ... More
3/22/2017 | Posted in GTA Real Estate by Jim Turnbull
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In the first two months of 2017 there were 2,876 such sales, up from 1,548 in the same period of 2016, a top real estate brokerage reports. ... More
3/20/2017 | Posted in Real Estate News by Jim Turnbull
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Ontario Finance Minister Charles Sousa is urging Ottawa to address speculative investing in the country's housing markets by changing how such profits are taxed. ... More
Canadian home prices climb another 1% in biggest February increase on record as Toronto stays strong
3/14/2017 | Posted in Real Estate Market by Jim Turnbull
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Canadian home prices rose in February as prices continued to climb in the hot Toronto market, data showed on Tuesday in a report that was unlikely to alleviate concerns from some ... More
3/7/2017 | Posted in Real Estate Market by Jim Turnbull
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Vacancy rates are tight across Canada as residents find themselves priced out of the housing market. ... More
3/6/2017 | Posted in Ontario Real Estate by Jim Turnbull
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The continued boom in the housing market in the Greater Toronto Area continues to push other Ontario markets higher. ... More
3/6/2017 | Posted in Toronto Real Estate by Jim Turnbull
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The government remains “very focused” on monitoring the Canadian housing market, Finance Minister Bill Morneau said. His remarks come amid rising prices in Toronto and ... More
3/5/2017 | Posted in Toronto Real Estate by Jim Turnbull
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Add Canada’s largest bank to the growing chorus of lenders worrying about unsustainable price growth in Toronto. Sparking speculation that further mortgage rule changes ... More
2/24/2017 | Posted in GTA Real Estate by Jim Turnbull
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A new record has been set in the Greater Toronto Area with the average single-family ground-oriented home now surpassing $1 million, the Building Industry and Land Development ... More
2/17/2017 | Posted in GTA Real Estate by Jim Turnbull
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Well, this may be the first time in recent memory a big bank economist has used the feared B-word in relation to real estate. Bubble. ... More
2/14/2017 | Posted in Real Estate Market by Jim Turnbull
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In January, the Teranet–National Bank National Composite House Price Index™ was up 0.5% from the previous month, matching the largest January increases in the 18-year ... More
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