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2019 Begins "New Era" in GTA Rental Market History Says Urbanation

Toronto, January 7, 2020 - The supply of purpose built rental homes in the Greater Toronto Area was soaring at the end of last year.

Urbanation’s figures for Q4 2019 show that there were 12,367 units under construction by the end of the quarter, the highest level since the 1970s when modern rent controls were enacted.

GTA REALTORS® Release December & Annual 2019 Stats

Toronto, January 7, 2020 -  Toronto Real Estate Board President Michael Collins reported that December 2019 residential sales transacted through TREB's MLS® System by Greater Toronto Area REALTORS® were up by 17.4% year-over-year to 4,399.  Total sales for calendar year 2019 amounted to 87,825 – up by 12.% compared to the decade low 78,015 sales reported in 2018.

US-Iran Tensions Could Impact Canadian Mortgage Rates

Vancouver, December 19, 2019 - The increased tension between the US and Iran following the sudden airstrike that killed a top Iranian general is set to help maintain lower mortgage rates.

Any escalation of conflict typically drives investors to buy US-backed bonds and mortgage-backed securities, leading to lower mortgage rates both in the US and in Canada.

Canadians are cutting back on debt amid fears of recession

Toronto, January 2, 2019 - Most Canadians held back from increasing their debt burden in 2019 and 1 in 5 say debt repayment is their top financial priority for 2020.

A new poll from CIBC has discovered that 71% are concerned about paying more for household goods in the next year while 55% are worried about a potential recession.

CRA Acts Against Real Estate Tax Evasion in British Columbia

Vancouver, December 19, 2019 - The Canada Revenue Agency continues to ramp up enforcement action against those believed to be involved in real estate related tax evasion.

Fitch: Canadian Mortgage Performance To Remain Stable In 2020

Canadian mortgage lenders shouldn’t worry too much about the performance of their loans in 2020 according to a new report from Fitch Ratings.

TORONTO, December 18, 2019 - The firm says that performance should remain solid next year as strong employment, projected income growth, and low interest rates support mortgage performance across North America.

For Canada specifically, a slight increase to 0.3% is forecast, but this is near historic lows.

The Multiple Offer Strategy From A Seller's Perspective

TORONTO, December 16, 2019 - If you're a home owner looking to sell in the new year, one strategy recommended by many realtors involves setting up your home listing for multiple offers.  While this approach can pay dividends if executed properly, it also runs the risk of backfiring, potentially causing a listing to fail at its initial attempt at selling.

An estate sale can take time

TORONTO, December 12, 2019 - Selling a property after a loved one passes can be an emotional and stressful time.  Some heirs may be in a hurry to dispose of the property and move on.  However, selling a property owned by an estate isn’t a quick or easy process, says lawyer Barry Fish of Fish and Associates in Thornhill, Ont., who has been practicing real estate and estate law since 1973. “You’re not going to list the home the next day,” he says.

Toronto Home Prices Rising At Their Fastest Pace In Over Two Years...

TORONTO, December 5, 2019 - Toronto’s home prices extended gains in November, and are now accelerating at the quickest annual pace since 2017 as demand continues to outpace a dwindling supply of listings.

TREB Releases October 2019 Market Figures As Reported by GTA REALTORS®

TORONTO, December 4, 2019 - Toronto Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 7,090 sales through TREB's MLS® System in November 2019 – a 14.2 per cent increase compared to November 2018. On a GTA-wide basis, sales were up year-over-year for all major market segments. Annual sales growth in ground oriented home types, including detached houses, led the way.

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