10/5/2018 | Posted in Canadian Housing Market by Marti Philp
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A rise in interest rates (and more to come) is putting the squeeze on housing affordability. ... More

Real Estate & Mortgage News

  10/2/2018 | Posted in GTA Real Estate by Marti Philp
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Ryerson City Building Institute report finds that low-rises and townhouses could help tamper the GTHA’s affordability crisis, using Mississauga as a case study. ... More

Real Estate & Mortgage News

  9/29/2018 | Posted in Real Estate Market by Marti Philp
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9 years salary to buy a house in Vancouver, more than 6 in Toronto. ... More

Real Estate & Mortgage News

  9/28/2018 | Posted in Canadian Housing Market by Marti Philp
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A new RBC report says Canada's housing affordability has reached its worst level in 28 years and is bound to deteriorate even further. ... More

Real Estate & Mortgage News

  9/13/2018 | Posted in Home Buyers by Marti Philp
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Rising rents is making homeownership the affordable alternative according to a new report. ... More

Real Estate & Mortgage News

  8/10/2018 | Posted in Ontario Real Estate by Marti Philp
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Unaffordability isn’t expected to abate in the Greater Toronto Area any time soon, but as more and more people are discovering, there are cheaper places to live slightly ... More

Real Estate & Mortgage News

  7/30/2018 | Posted in Toronto Real Estate by Marti Philp
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Haider-Moranis Bulletin: For Canadian homebuyers, the only numbers that matter are local. ... More

Real Estate & Mortgage News

  7/12/2018 | Posted in Canadian Economy and Housing Market by Marti Philp
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With debt levels disconcertingly high, there could be ramifications to yesterday’s interest rate hike. ... More

Real Estate & Mortgage News

  7/12/2018 | Posted in Mortgages and Real Estate by Marti Philp
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As the Bank of Canada raised key interest rates to 1.5 per cent (up from 1.25 per cent) Wednesday morning, mortgage rates are already rising as well. ... More

Real Estate & Mortgage News

  7/9/2018 | Posted in Toronto Real Estate by Marti Philp
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A new study found that per TREB numbers, 27 out of 33 markets in the GTA require a household income of at least $100,000 to afford the average home. ... More

Real Estate & Mortgage News

  7/5/2018 | Posted in Home Buyers by Marti Philp
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Toronto real estate may not be what it was one year ago, but it’s still a battle for home buyers. ... More

Real Estate & Mortgage News

  7/4/2018 | Posted in Home Buyers by Marti Philp
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There appears to be little relief in sight for Canadian homebuyers, especially first-time buyers, as affordability is likely to worsen. ... More

Real Estate & Mortgage News

  5/23/2018 | Posted in Home Buyers by Marti Philp
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A study out of Ryerson University warns of a severe housing shortage in the near future. ... More

Real Estate & Mortgage News

  4/3/2018 | Posted in Home Buyers by Marti Philp
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The still-rising prices of homes in many Canadian markets are making homeownership increasingly unaffordable and mortgages harder to secure. ... More

Real Estate & Mortgage News

  2/10/2018 | Posted in Rental Market by Marti Philp
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A new city report released on Friday says purpose-built apartment rent increases in 2017 soared to a 15-year high while vacancy rates sank to their lowest level in 16 years, ... More

Real Estate & Mortgage News

  1/1/2018 | Posted in Canadian Housing Market by Marti Philp
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The Canadian real estate market made headlines plenty of times in 2017 — but what does next year have in store? Will housing prices and affordability continue to dominate ... More

Real Estate & Mortgage News

  12/21/2017 | Posted in Foreign Buyers by Marti Philp
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Foreign buyers make up a minuscule portion of the overall housing market in this country, new research shows, but what they own is more expensive and newer than the average ... More

Real Estate & Mortgage News

  11/11/2017 | Posted in Home Buyers by Marti Philp
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Did you know that it’s actually less expensive to buy a home compared to a condo. ... More

Real Estate & Mortgage News

  10/10/2017 | Posted in Real Estate Market by Marti Philp
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Conventional economic factors including population, incomes and borrowing costs accounted for less than half of the 40% surge in Toronto home prices between 2010 and 2016, ... More

Real Estate & Mortgage News

  10/8/2017 | Posted in Real Estate Market by Marti Philp
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Home affordability is bad in Canada. It's about to get worse. ... More

Real Estate & Mortgage News

  10/2/2017 | Posted in Home Buyers by Marti Philp
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The national housing agency is exploring ways to make it easier for entrepreneurs and new immigrants to buy a home by cutting some of the red tape required to prove they can ... More

Real Estate & Mortgage News

  9/13/2017 | Posted in Toronto News by Marti Philp
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The Ontario government has addressed the province’s housing supply issue by vowing to unlock provincial land for the use of housing. ... More

Real Estate & Mortgage News

  8/22/2017 | Posted in Mortgages and Real Estate by Marti Philp
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Finance Minister Bill Morneau says last October’s sweeping mortgage rule changes aimed at cooling Canada’s housing market have successfully dampened high-risk ... More

Real Estate & Mortgage News

  8/22/2017 | Posted in Mortgages and Real Estate by Marti Philp
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Canadians have qualified for much larger mortgages over the past two decades due to record-low interest rates, and that has impacted affordability according to the Fraser ... More

Real Estate & Mortgage News

  8/15/2017 | Posted in Toronto Real Estate by Marti Philp
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While various quarters have cited supply scarcity as a central driver in Toronto’s long-running housing affordability issues, latest census data actually belies that notion, ... More

Real Estate & Mortgage News

  6/23/2017 | Posted in Real Estate Market by Marti Philp
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Turns out housing may be affordable, acording to Bank of Canada (BoC) Housing Affordability Index which shows that the cost of housing across Canada is below historic norms. We ... More

Real Estate & Mortgage News

  5/23/2017 | Posted in Toronto Real Estate by Marti Philp
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The Toronto area will need up to $150 billion in new home construction in the coming decade and most of that should be rental units, says a report from the Canadian Centre for ... More

Real Estate & Mortgage News

  5/16/2017 | Posted in Ontario Real Estate by Marti Philp
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Toronto’s trying to make it more affordable to rent in one of the world’s hottest housing markets. New measures may have the opposite effect. ... More

Real Estate & Mortgage News

  4/14/2017 | Posted in Toronto Real Estate by Marti Philp
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Bank of Canada Governor Stephen Poloz has issued a warning about “unsustainable” speculation in the Toronto region’s housing market but says an interest-rate ... More

Real Estate & Mortgage News

  4/12/2017 | Posted in Toronto Real Estate by Marti Philp
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Jack Mintz: If Premier Kathleen Wynne wants to score a big win with home-buying voters, why not get rid of the land-transfer tax altogether? ... More

Real Estate & Mortgage News