Real estate news

Real estate news

  • Construction industry remains robust during hard times
    on November 24, 2020 at 2:35 pm

    The health and safety of workers is, and remains, the most important concern of the Residential Construction Council of Ontario (RESCON).

  • COVID-19 turns cottages into hot commodities
    on November 24, 2020 at 2:35 pm

    Following trends seen in New York and London, people are leaving the Greater Toronto Area for spacious pastures, but unlike the former two cities, a pattern unique to the GTA has emerged.

  • Strong October real estate market could decline in November
    on November 24, 2020 at 2:35 pm

    Canadian homes sales declined marginally by 0.7% in October from a month earlier, but actual activity compared to a year ago increased by 32.1% because of how many people have chosen to upgrade their households, likely as a result of the COVID-19 pandemic, according to the Canadian Real Estate Association.

  • Toronto supplanted as Canada’s most expensive 1-bedroom rental city
    on November 24, 2020 at 2:35 pm

    Renting a one-bedroom apartment in North York nets landlords $25 more a month than in Toronto, making it Canada’s most expensive city for that type of rental, according to a new report from Rentals.ca and Bullpen Research & Consulting.

  • Canada’s housing market is slumping: REIN
    on November 24, 2020 at 2:35 pm

    Despite headlines to the contrary, Canada’s housing market is in the early stages of a slump, claims a new report from the Real Estate Investment Network (REIN).

  • Land assessments make or break developers
    on November 24, 2020 at 2:35 pm

    When he ran Mutual Gain in 1990 as a cost consultant for banks, Mike Bowering often spoke in front of the Ontario Home Builders’ Association, where attendees wanted to hear about lumber and other construction costs.

  • What investors can do in lieu of mortgage deferrals
    on November 24, 2020 at 2:35 pm

    Many real estate investors took advantage of mortgage deferrals that were offered at the beginning of the COVID-19 pandemic, and while they thought they had received reprieves, they, in fact, opened up another can of worms.

  • Why you should refinance your mortgage now
    on November 24, 2020 at 2:35 pm

    Historically low interest rates have been the impetus for a homebuying frenzy that’s swept much of Canada, but it’s also presented a unique, if a once in a lifetime, opportunity for real estate investors.

  • Canadian Real Estate Prices Surge In Growth… Except For Condos
    by Daniel Wong on November 23, 2020 at 6:06 pm

    Canadian real estate saw prices surge across the country, but not in all segments. Canadian Real Estate Association (CREA) data show the national index saw price growth speed up in October. A breakdown of the index reveals a different picture though. Since the beginning of the pandemic, single-family home prices experienced a price surge. Meanwhile, The post Canadian Real Estate Prices Surge In Growth… Except For Condos appeared first on Better Dwelling.

  • Add Greenery to Reduce Stress, Studies Show
    on November 23, 2020 at 6:00 am

    “Plant therapy” is a coping method for those hunkering down at home.

  • 7 Suburbs With the Most Affordable Big Homes
    on November 23, 2020 at 6:00 am

    Find out where home shoppers are finding the largest homes for the least amount of money outside major city centers.

  • Home Buyers Increasingly Seeking Friendly Neighbors
    on November 23, 2020 at 6:00 am

    “A lot of people can’t stand where they’re living now. They want to feel part of a community,” says one real estate pro.

  • NAR Launches the American Property Owners Alliance
    on November 23, 2020 at 6:00 am

    The new nonprofit group seeks to be the voice for millions of property owners across the country.

  • Report: iBuyers Lose Half Their Market Share
    on November 23, 2020 at 6:00 am

    Despite housing's recovery during the pandemic, iBuying activity continues to lag. 

  • This Week’s Top Stories: Canadian Real Estate Prices Forecasted To Fall Next Year, and Debt...
    by Better Dwelling on November 22, 2020 at 5:17 pm

    Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Real Estate Prices To Fall Up To 26%, Bay Street Firm Warns Institutions A Bay Street firm is warning institutional clients of falling real estate prices. The firm’s latest model suggests prices may fall up to 11% at the national The post This Week’s Top Stories: Canadian Real Estate Prices Forecasted To Fall Next Year, and Debt Problems To Get Worse appeared first on Better Dwelling.

  • Canadian Real Estate Prices To Fall Up To 26%, Bay Street Firm Warns Institutions
    by Stephen Punwasi on November 20, 2020 at 6:22 pm

    Canadian real estate prices may take a big tumble, Bay Street researchers warn. Veritas Investment Research, a prominent Canadian firm, sent institutional clients a real estate forecast. The firm warned real estate price declines are unlikely, except in the event of supply shock. They now believe supply shock may arrive soon, and can send prices The post Canadian Real Estate Prices To Fall Up To 26%, Bay Street Firm Warns Institutions appeared first on Better Dwelling.

  • CRA: 800,000 Ineligible People Did Not Get CERB, But They’re Checking Applications
    by Stephen Punwasi on November 20, 2020 at 3:13 pm

    Canada’s national tax agency clarified a major news organization’s allegations of CERB “ineligibility” is, well… not entirely accurate. The Canada Revenue Agency (CRA)  responded to our request for clarification on tax-filer application data yesterday. CRA spokesperson Pamela Tourigny didn’t just clarify the data, but also generously provided their take on CERB fraud, and how they The post CRA: 800,000 Ineligible People Did Not Get CERB, But They’re Checking Applications […]

  • Mortgage Rates Sink to All-Time Low of 2.72%
    on November 20, 2020 at 6:00 am

    As a result of low rates, homebuying activity is at its highest level since 2006, NAR says.

  • Build Your Business on Data, Not Your Charm
    on November 20, 2020 at 6:00 am

    If you don’t lead sellers into listings with integrity, you risk getting into dicey situations. Relying on research and ethics will protect you, your business, and your clients. From the virtual 2020 REALTORS® Conference & Expo, Nov. 2-18

  • Get Your Brokerage Up and Running
    on November 20, 2020 at 6:00 am

    Tips and tools for new broker-owners who are carving their path as business leaders. From the virtual 2020 REALTORS® Conference & Expo, Nov. 2-18

  • Why 5G Matters to Real Estate
    on November 20, 2020 at 6:00 am

    The emergence of super-fast wireless speeds will potentially widen buyers’ home searches and accelerate growth in real estate technology. From the virtual 2020 REALTORS® Conference & Expo, Nov. 2-18

  • Canada Saw Tens of Thousands of Six-Figure Earners Apply For Emergency Income
    by Stephen Punwasi on November 19, 2020 at 9:42 pm

    Canada’s emergency benefit applications are giving a little more insight into income disruption. Canada Revenue Agency data presented to the House of Commons shows a breakdown of CERB applicant income from last year. The data, first reported by Blacklock’s Reporter, shows hundreds of thousands of applicants didn’t file taxes at the time of application. More The post Canada Saw Tens of Thousands of Six-Figure Earners Apply For Emergency Income appeared first on Better Dwelling.

  • How to Be Code Compliant
    on November 19, 2020 at 6:00 am

    Learn about some of the most common Code of Ethics violations that can trip up even the most well-intentioned REALTORS®. From the virtual 2020 REALTORS® Conference & Expo, Nov. 2-18

  • This couple moved to Toronto during the pandemic. They got a 500-square-foot condo for $2,100 a...
    by Ali Amad on November 18, 2020 at 10:27 pm

    In early 2020, Garry and Paidraic were living in London, with plans to move to Toronto in the summer. The pandemic made it a whole lot more complicated The post This couple moved to Toronto during the pandemic. They got a 500-square-foot condo for $2,100 a month appeared first on Toronto Life.

  • CIBC: Canadians Have $90 Billion In Excess Cash, As Government Doubles Income Lost
    by Stephen Punwasi on November 18, 2020 at 7:00 pm

    Canadian households are sitting on a record amount of cash, waiting to be spent. CIBC Economics’ latest report shows tens of billions in cash just sitting in accounts in Q2 2020. The increase is due to a combination of government supports, lack of places to spend, and payment deferrals. Canadian Households Saved $90 Billion More The post CIBC: Canadians Have $90 Billion In Excess Cash, As Government Doubles Income Lost appeared first on Better Dwelling.

  • Canadian Real Estate Sales Slow For The First Time Since The Beginning of Pandemic
    by Daniel Wong on November 17, 2020 at 7:58 pm

    Canadian real estate is still booming, but slowing faster than seasonally expected. Canadian Real Estate Association (CREA) data shows sales made a small decline in October. The decline only shows in the board’s seasonally adjusted numbers. Unadjusted sales still show large growth, but the rate decelerated for the first time since the pandemic. Canadian Real The post Canadian Real Estate Sales Slow For The First Time Since The Beginning of Pandemic appeared first on Better Dwelling.

  • CMHC Finds Toronto and Vancouver Mortgage Debt Ratios Fall, But Not As It Seems
    by Stephen Punwasi on November 16, 2020 at 6:33 pm

    Canadian mortgage debt indicators are looking better, but the state-owned housing agency is putting a big asterisk beside them. Canada Mortgage and Housing Corporation (CMHC) data shows the mortgage debt to income ratio made a sharp drop in Q2 2020. Typically this would mean households had a sudden windfall, and can suddenly handle their debt The post CMHC Finds Toronto and Vancouver Mortgage Debt Ratios Fall, But Not As It Seems appeared first on Better Dwelling.

  • This Week’s Top Stories: Canadian Household Debt Passes GDP By A Lot, and Over 254,000 Mortgages...
    by Better Dwelling on November 15, 2020 at 5:55 pm

    Time for your cheat sheet on this week’s most important stories.  Canadian Real Estate Canadian Household Debt Reaches 115% Of GDP, Here’s Why That’s Bad Canadian household debt is swelling, while gross domestic product (GDP) has been falling. The ratio reached 115% in Q2 2020, up from 101% the previous quarter. Even pre-pandemic this number The post This Week’s Top Stories: Canadian Household Debt Passes GDP By A Lot, and Over 254,000 Mortgages Still On Deferral appeared first on […]

  • These long-time Torontonians were retirement ready. So they bought a $475,000 home in Belleville
    by Mathew Silver on November 14, 2020 at 4:48 pm

    The pandemic significantly sped up this couple's retirement timeline The post These long-time Torontonians were retirement ready. So they bought a $475,000 home in Belleville appeared first on Toronto Life.

  • Bank of Canada Ended The Mortgage Program That Inflated Prices… Kind of
    by Stephen Punwasi on November 13, 2020 at 9:21 pm

    Canada’s central bank is still buying tens of million of mortgage bonds. Bank of Canada (BoC) data shows the balance of Canada Mortgage Bonds (CMBs) they hold, increased this week. The increase is a couple of weeks after the pandemic program to buy these has ended. However, it appears that didn’t mean they were going The post Bank of Canada Ended The Mortgage Program That Inflated Prices… Kind of appeared first on Better Dwelling.

  • A Toronto couple could work remotely. So they moved to this $1.6-million Blue Mountain mansion
    by Jean Grant on November 9, 2020 at 6:07 pm

    Parker and Chrissi wanted an outdoorsy lifestyle. So they sold their place at Pape and Danforth and looked for something outside of the GTA The post A Toronto couple could work remotely. So they moved to this $1.6-million Blue Mountain mansion appeared first on Toronto Life.

  • These twenty-somethings were content with condo living. Then they found a detached in Rexdale for...
    by Ali Amad on November 5, 2020 at 10:18 pm

    Even with four pets squeezed into 695 square feet, Danica and Paul liked their condo. But when their friend purchased a detached for just $550,000, the couple wondered whether they could afford a home of their own The post These twenty-somethings were content with condo living. Then they found a detached in Rexdale for $735,000 appeared first on Toronto Life.

  • A Toronto couple wanted more space during lockdown. They bought this Grimsby bungalow for $690,000
    by Mathew Silver on November 5, 2020 at 8:37 pm

    Stuck in a Humber Bay Shores apartment, paying $2,640 a month, the Shauches wanted more outdoor space for their dog The post A Toronto couple wanted more space during lockdown. They bought this Grimsby bungalow for $690,000 appeared first on Toronto Life.