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Is the Real Estate Market Going to Crash?

Tuesday Mar 2nd, 2021

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Is the Real Estate Market Going to Crash

Is the Real Estate Market Going to Crash? While many areas of the economy have contracted, the housing market has stayed remarkably strong. But can the good news last? When COVID-related shutdowns began in March, real estate brokers and clients scrambled to respond to the shift. Record-low interest rates caused some lenders to call a halt to new underwriting, and homeowners debated whether or not to put their houses on the market. However, those first days of uncertainty ushered in a... [read more]

Greater Toronto Area (GTA) Real Estate Sales jump by 24.3% in July 2019 while Home Prices increase moderately by 3.2%

Tuesday Aug 6th, 2019

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Greater Toronto Area (GTA) Real Estate Sales jump by 24.3% in July 2019 while Home Prices increase moderately by 3.2% TORONTO, August 6, 2019 – Toronto Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 8,595 sales through TREB’s MLS® System in July 2019. This result was up by 24.3 per cent compared to July 2018. On a month-over-month basis, sales were up by 5.1 per cent, after preliminary seasonal adjustment. New... [read more]

2020 Outlook: Real Estate Market Forecast

Thursday Jan 2nd, 2020

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2020 Outlook: Real Estate Market Forecast

2020 Outlook: Real Estate Market Forecast After a two year slump, the future's looking bright again for Canadian real estate. Economists expect positive growth in the national housing market in 2020, supported by low mortgage rates, a solid job market, and a rising population. In fact, in a recent report, RBC Economics called 2019 a “turning point for Canada’s housing market.”1 To understand why—and where the market is headed—we take a closer look at... [read more]

Real Estate Market set to take off with 17% Increase in Sales and 12% Price Increase in December 2019 in Grater Toronto Area (GTA)

Tuesday Jan 7th, 2020

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December 2019 GTA Sales Increase

Real Estate Market set to take off with 17% Increase in Sales and 12% Price Increase in December 2019 in Grater Toronto Area (GTA) TORONTO, January 7, 2020 - Toronto Real Estate Board President Michael Collins reported that December 2019 residential sales reported through TREB’s MLS® System by Greater Toronto Area REALTORS® were up by 17.4 per cent year-over-year to 4,399. Total sales for calendar year 2019 amounted to 87,825 – up by 12.6 per cent compared to the... [read more]

Bank of Canada maintains overnight rate target at 1 ¾ percent - January 22, 2020

Wednesday Jan 22nd, 2020

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Bank of Canada Rate Announcement

Bank of Canada maintains overnight rate target at 1 ¾ percent - January 22, 2020 The Bank of Canada today maintained its target for the overnight rate at 1 ¾ percent. The Bank Rate is correspondingly 2 percent and the deposit rate is 1 ½ percent. The global economy is showing signs of stabilization, and some recent trade developments have been positive. However, there remains a high degree of uncertainty and geopolitical tensions have re-emerged, with... [read more]

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