Real Estate News & Articles

12/7/2022 | Posted in Canadian Economy and Interest Rates by Heather Lemieux Group
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The Bank of Canada is increasing its key overnight interest rate by 50 basis points to 4.25 per cent. This is the seventh consecutive increase since the Bank began hiking rates in ... More

Real Estate & Mortgage News

12/7/2022 | Posted in Rental Market by Heather Lemieux Group
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Royal Bank of Canada economists say the country has reached a record number of renters as the number of people renting has increased at three times the rate of homeowners in the ... More

Real Estate & Mortgage News

12/6/2022 | Posted in GTA Real Estate by Heather Lemieux Group
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Homeownership market activity in November continued to be influenced by the impact of higher borrowing costs on affordability. Sales were down markedly compared to the same period ... More

Real Estate & Mortgage News

12/5/2022 | Posted in Home Buyers by Heather Lemieux Group
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With Canada’s banking regulator set to deliver its verdict in mid-December on whether changes to the mortgage stress test are required, a prominent economist at one of the ... More

Real Estate & Mortgage News

12/4/2022 | Posted in Canadian Economy and Interest Rates by Heather Lemieux Group
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The Bank of Canada is expected to increase interest rates once more this week, capping off a tumultuous year for the central bank. ... More

Real Estate & Mortgage News

12/2/2022 | Posted in Interest Rates by Heather Lemieux Group
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The Bank of Canada is expected to conclude a historic year marked by high inflation and aggressive monetary policy tightening with one more interest rate hike on Wednesday. ... More

Real Estate & Mortgage News

11/30/2022 | Posted in Toronto News by Heather Lemieux Group
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Residential properties unoccupied for more than 6 months per year may be subject to Toronto's new Vacant Home Tax. All residential property owners must declare the occupancy ... More

Real Estate & Mortgage News

11/29/2022 | Posted in Mortgage Interest Rates by Heather Lemieux Group
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Fixed mortgage rates are slowly following bond yields and trending downward. ... More

Real Estate & Mortgage News

11/29/2022 | Posted in Recreational Properties by Heather Lemieux Group
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Canada's popular ski regions have posted double-digit year-over-year home price appreciation1 since the beginning of 2022, despite rising interest rates and price declines in ... More

Real Estate & Mortgage News

11/23/2022 | Posted in Home Buyers by Heather Lemieux Group
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Variable-rate mortgage holders who have recently purchased their homes will be especially burdened by the prevailing rate-hike environment, according to Bank of Canada senior ... More

Real Estate & Mortgage News

11/23/2022 | Posted in GTA Real Estate by Heather Lemieux Group
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The market is still reeling from the pronounced slowdown seen in the overall Canadian housing sector this year, new report says ... More

Real Estate & Mortgage News

11/22/2022 | Posted in Rental Market by Heather Lemieux Group
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Having already surpassed pre-pandemic levels, the average rent in Canada continued to rise in October. ... More

Real Estate & Mortgage News

11/21/2022 | Posted in Mortgages and Real Estate by Heather Lemieux Group
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At least two of Canada’s largest mortgage lenders allow borrowers to shift a portion of their interest costs onto the principal owed on their mortgages, helping them cope ... More

Real Estate & Mortgage News

11/16/2022 | Posted in Canadian Economy and Interest Rates by Heather Lemieux Group
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While Governor Tiff Macklem had left the door open to another oversized increase, the inflation data was seen supporting a downshift to a standard 25-bp increase, with the option ... More

Real Estate & Mortgage News

11/16/2022 | Posted in Canadian Housing Market by Heather Lemieux Group
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Sales data shows some positive signs and Scotiabank believes the market could be on course for better days ahead. ... More

Real Estate & Mortgage News

11/15/2022 | Posted in Canadian Housing Market by Heather Lemieux Group
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Statistics released today by the Canadian Real Estate Association (CREA) show national home sales edged a little higher in October 2022. ... More

Real Estate & Mortgage News

11/15/2022 | Posted in Real Estate Investments by Heather Lemieux Group
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The residential segment accounted for much of the deceleration, Statistics Canada says ... More

Real Estate & Mortgage News

11/15/2022 | Posted in Home Buyers by Heather Lemieux Group
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Already a source of huge debate in the mortgage industry since its introduction, the mortgage stress test came under scrutiny from executives at top Canadian lenders during a ... More

Real Estate & Mortgage News

11/13/2022 | Posted in Toronto News by Heather Lemieux Group
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Toronto has been recognized as one of the top 25 best cities across the globe to live and work in for 2023. ... More

Real Estate & Mortgage News

11/10/2022 | Posted in Toronto Real Estate by Heather Lemieux Group
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Activity in Toronto’s housing market appears to be levelling off following a sharp decline over the spring that saw home prices drop significantly. ... More

Real Estate & Mortgage News

11/9/2022 | Posted in Commercial Real Estate by Heather Lemieux Group
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The trends in these areas were reflective of the softening market fundamentals across the GTA ... More

Real Estate & Mortgage News

11/8/2022 | Posted in Mortgage Interest Rates by Heather Lemieux Group
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Plus: The trajectory of interest rates throughout the year to date ... More

Real Estate & Mortgage News

11/3/2022 | Posted in Toronto Real Estate by Heather Lemieux Group
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A multi-month slide in Toronto home prices slowed in October, as sellers stepped back in hope the market will improve if they wait. ... More

Real Estate & Mortgage News

11/3/2022 | Posted in GTA Real Estate by Heather Lemieux Group
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Despite the continued housing market transition to a higher borrowing cost environment, the average selling price in the Greater Toronto Area (GTA) found some support near $1.1 ... More

Real Estate & Mortgage News

11/3/2022 | Posted in Canadian Economy and Interest Rates by Heather Lemieux Group
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The Bank of Canada is almost done with its current series of rate hikes, but consumers should brace for higher borrowing costs before the end, according to central bank governor ... More

Real Estate & Mortgage News

11/3/2022 | Posted in Commercial Real Estate by Heather Lemieux Group
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Extreme caution appears to be the prevailing strategy among the region's office tenants, new report says ... More

Real Estate & Mortgage News

11/1/2022 | Posted in Canada Living by Heather Lemieux Group
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The federal government is planning a massive increase in the number of immigrants entering Canada, which will have a huge effect on the real estate market. ... More

Real Estate & Mortgage News

11/1/2022 | Posted in Mortgages and Real Estate by Heather Lemieux Group
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A new survey has found that 53% of Canadian mortgage borrowers are concerned about the prospect of higher monthly payments at renewal time. ... More

Real Estate & Mortgage News

10/27/2022 | Posted in Rental Market by Heather Lemieux Group
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The cost of renting a one-bedroom condominium in Toronto is now up more than 20 per cent year-over-year, as higher borrowing costs leave some would-be buyers on the sidelines. ... More

Real Estate & Mortgage News

10/26/2022 | Posted in Mortgage Interest Rates by Heather Lemieux Group
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The move marks the latest "supersized" rate jump of 2022 ... More

Real Estate & Mortgage News
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