On May 2nd, the Government of Ontario announced a new plan to address some of the many factors preventing Ontarians from access to affordable housing. Bill 108 (More Homes, More Choices Act) is a landmark step in helping to improve housing supply and affordability in Ontario. But not everyone is on board. This plan has received both criticism and support from parties across the housing a...Read More

The Bank of Canada today maintained its target for the overnight rate at 1 ¾ per cent. The Bank Rate is correspondingly 2 per cent and the deposit rate is 1 ½ per cent. Recent Canadian economic data are in line with the projections in the Bank’s April Monetary Policy Report (MPR), with accumulating evidence that the slowdown in late 2018 and early 2019 is b...Read More

APRIL 2019 REAL ESTATE MARKET REPORT ...Read More

In real estate circles, there are two pieces of sage advice for those trying to time the market: It’s best to be a winter buyer, and a spring seller. It can be a savvy move for those looking to get on the property ladder to peruse MLS listings in Toronto during the colder months; while there may be fewer properties to choose from, those trying to sell during the holiday season ten...Read More

Over the past few years, we’ve seen housing prices across the GTA skyrocket to incredible highs. And while this might have been great news for sellers, it pushed many buyers out of the market. That said, the fire has dimmed, with prices and sales slowing down over the past few months. But could the spring season bring a spark back to Toronto’s real estate market? Here’s what yo...Read More

By Borrowell To qualify for the best mortgage rates, you’ll need a high credit score. When you apply for a mortgage, lenders use your credit score as a significant factor in determining the rate you receive. Before you start house hunting, be sure to check your credit report and tackle credit issues early to improve your score. Doing so could sa...Read More

Photo by Agung Pandit Wiguna from Pexels There are dozens of amazing neighbourhoods scattered across Toronto for residents to call home. But one particular demographic — young families — has specific requirements, including schools, parks, and detached home options, that can be difficult to find in Toronto’s downtown core. So, what are the top neighbourhoods in Toronto that c...Read More

Toronto needs to think outside the box — or the condo tower — when it comes to solving its housing challenges. Put another way: “It’s time to hack the condo model,” says the executive director of the Ryerson City Building Institute. Its latest report surveys ideas that are creating more middle- and lower-income housing in other cities and at home — n...Read More

When it comes to the Toronto real estate market, everyone has questions. Will the market crash? Should you lock in your mortgage? How the heck can anyone afford to buy in the city? Well, so far, all signs point to a better-balanced market in 2019 and with fixed mortgage rates dropping it might actually be a good time to lock in. But when it comes to buying, there’s a lot more than afforda...Read More

Sales Will Slow as Impact Still Felt from Stress Test This has been a tougher year for the Canadian housing market, as the federal mortgage stress test, along with rising interest rates, has taken a bite out of buyers’ purchasing power and dissuaded would-be sellers from listing. And, thus far, there isn’t any substantial improvement on the horizon. Several real estate associations a...Read More