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.
Eric Glazenberg's blog
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.
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.
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.
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.
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.
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, 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.
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.
TORONTO, December 3, 2019 - The RE/MAX 2020 Housing Market Outlook Report forecasts that the highs and lows of the Canadian housing market will level out in 2020 with an estimated 3.7% increase in the average residential sales price.