Real Estate News & Articles

2/7/2023 | Posted in Canadian Housing Market by Marti Philp
SHARE

Investors made up between one-fifth and one-third of home purchases in 2020, according to new data from Statistics Canada. ... More

Investors made up 20-30% of home purchases during the pandemic: StatCan

2/3/2023 | Posted in Toronto News by Marti Philp
SHARE

The deadline for Toronto homeowners to declare whether or not their property is occupied has been extended until the end of the month, Mayor John Tory has announced. ... More

Vacant home tax deadline pushed back until end of the month

2/3/2023 | Posted in GTA Real Estate by Marti Philp
SHARE

As we moved from 2022 into 2023, the Greater Toronto Area (GTA) housing market unfolded as expected. The number of January sales and the overall average selling price were similar ... More

GTA Real Estate Market Starts the New Year the Same as It Ended Last Year

2/3/2023 | Posted in Mortgages and Real Estate by Marti Philp
SHARE

An analysis of homeowners' loan-to-value ratios reveals resilient position despite challenges. ... More

Are mortgage borrowers a risk to Canadian housing market?

2/2/2023 | Posted in Home Owners by Marti Philp
SHARE

As Canadian homeowners grapple with the Bank of Canada's flurry of interest rate hikes, one in three say they won't be able to handle higher rates for long before they are ... More

45% with variable mortgages say they would have to sell in under 9 months: Yahoo/Maru Poll

1/31/2023 | Posted in Condo Market by Marti Philp
SHARE

Multi-family housing sales in the GTHA continued its downward trend through the back half of 2022, with condo, townhouse and apartment sales levels all declining over 50 per cent ... More

Zonda Urban estimates at least 25,000 new condo units for the GTHA in 2023

1/30/2023 | Posted in Interest Rates by Marti Philp
SHARE

While rates have been steadily climbing for variable mortgages, fixed mortgage rates have been moving in the opposite direction. ... More

Fixed mortgage rates are falling

1/30/2023 | Posted in Canadian Economy and Housing Market by Marti Philp
SHARE

But the Bank of Canada has a tricky balancing act that cannot decimate real estate. ... More

Canadian inflation set to ease amid rapid cooling of housing market

1/28/2023 | Posted in Commercial Real Estate by Marti Philp
SHARE

The Greater Toronto Area office market saw its vacancy reach double-digit levels during Q4 2022 amid markedly increased caution among stakeholders, who are still awaiting clarity ... More

How did the GTA office market perform as 2022 drew to a close?

1/27/2023 | Posted in Canada Living by Marti Philp
SHARE

Local officials and investigators say that the trend is especially apparent in two provinces ... More

Mortgage fraud on the rise in major markets

1/27/2023 | Posted in Canadian Housing Market Predictions by Marti Philp
SHARE

The Canadian Real Estate Association (CREA) has updated its forecast for home sales activity for 2023 and 2024. It’s predicting good news for the market in the coming year - ... More

CREA: Expect a market turnaround in 2023

1/27/2023 | Posted in Canadian Economy and Interest Rates by Marti Philp
SHARE

The Bank of Canada hiked its key interest rate by a quarter of a percentage point Wednesday, bringing it to 4.5 per cent. Here's a look at what the rate means, how analysts ... More

Here's what another Bank of Canada rate hike means for Canadians

1/25/2023 | Posted in Canadian Economy and Interest Rates by Marti Philp
SHARE

The Bank of Canada on Wednesday hiked its key interest rate to 4.5%, the highest level in 15 years, and became the first major central bank fighting global inflation to say it ... More

Bank of Canada hikes rates, becomes first major central bank to signal pause

1/25/2023 | Posted in Mortgage News by Marti Philp
SHARE

Canada’s national arrears rate ticked up from its all-time low in October, according to data from the Canadian Bankers Association. ... More

Arrears rate rises from its all-time low

1/24/2023 | Posted in Interest Rates by Marti Philp
SHARE

The Federal Reserve and Bank of Canada can afford to pause interest-rate increases now because inflation pressures are easing rapidly, according to a Bank of Montreal strategist. ... More

Fed and Bank of Canada have reason to pause hikes, says strategist

1/20/2023 | Posted in Canadian Economy and Interest Rates by Marti Philp
SHARE

Economists don't believe the Bank of Canada is ready to hit the brakes on its interest rate-hiking cycle just yet, even as signs grow that inflation is easing and the economy ... More

BoC expected to deliver eighth consecutive rate hike, but it's probably the last one

1/19/2023 | Posted in Rental Market by Marti Philp
SHARE

New report highlights rent rate movements in major urban markets ... More

Canada rent prices - what's the latest?

1/19/2023 | Posted in Home Owners by Marti Philp
SHARE

An increasing number of Canadians appear to be tapping into their homes for extra cash. ... More

More Canadians turning to reverse mortgages amid savings crunch

1/16/2023 | Posted in Canadian Housing Market by Marti Philp
SHARE

Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were up on a month-over-month basis in December 2022. ... More

Canadian home sales edge up to end 2022

1/16/2023 | Posted in Canadian Economy and Interest Rates by Marti Philp
SHARE

"They are in a very difficult situation in which they have to tell you they are done without telling you they are done" ... More

Has the BoC reached an endpoint on rate hikes? CIBC's Tal gives his verdict

1/14/2023 | Posted in Canadian Housing Market by Marti Philp
SHARE

Home prices in Canada likely won't drop much further due to the country's ongoing shortage of new homes, even as rising interest rates curb some demand in the market, the ... More

Home prices are falling, but likely won't fall much further thanks to housing shortage: CMHC deputy chief economist

1/13/2023 | Posted in Mortgage News by Marti Philp
SHARE

Canada's banking regulator has unveiled three new regulatory proposals that could further restrict mortgage lending pending a just-launched consultation period. ... More

OSFI proposes new mortgage restrictions

1/13/2023 | Posted in Canadian Housing Market by Marti Philp
SHARE

National aggregate home price posts single-digit year-over-year decline in Q4 over 2021; double-digit growth compared to 2020 and 2019 ... More

Canada ends 2022 with modest decline in national aggregate home price; prices remain well above pre-pandemic levels

1/11/2023 | Posted in Canada Living by Marti Philp
SHARE

The federal government is offering a new tax credit to help make it easier for Canadians to care for adult relatives in their own homes. ... More

Federal tax credit for multi-generational home renovations now available to Canadians

1/11/2023 | Posted in GTA News by Marti Philp
SHARE

Municipalities in the GTA may see property tax hikes from 5% to 100% in the next year following the provincial government’s implementation of the More Homes Built Faster ... More

GTA municipalities respond to More Homes Built Faster with rate hikes up to 100%

1/11/2023 | Posted in Ontario News by Marti Philp
SHARE

Homeowners and renters in Ontario pay some of the most expensive fees across the country, but a few cities in the province have more affordable prices. ... More

These Ontario cities offer the lowest housing fees in the province: report

1/11/2023 | Posted in Commercial Real Estate by Marti Philp
SHARE

In a new analysis of the Canadian commercial real estate market, the firm sees some potential for investors despite economic headwinds ... More

Canadian CRE is an opportunity, but risk is elevated says Morguard

1/4/2023 | Posted in Foreign Buyers by Marti Philp
SHARE

Is federal policy the answer to the country's years-old housing affordability crisis? ... More

Canada's two-year housing ban on foreign homebuyers takes effect
Ask Marti Philp

Thinking of buying or selling a property, or have a question regarding the real estate market? Fill out the form below and I'll get back to you promptly.