In the News

  • Yahoo Finance Canada

    Canada’s housing market: 5 things to know this spring, from mortgages to supply

    Canada’s real estate market is an enigma at the best of times. Naysayers have been waiting for a crash for more than a decade, pointing to markets around the world as examples of the inevitable doom waiting just over the horizon for house-hungry Canadians.

    So you can forgive buyers and sellers for the twitch they’ve developed every time the conversation turns to real estate. And this is the time of year the talk gets loudest, with spring just around the corner and thoughts of cashing out on existing homes sets in like a fever.

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  • Toronto Star

    ‘By all objective standards it’s a bubble’: Even realtors say accelerated prices and sales of Toronto-area homes are worrying

    The average selling price of a Toronto-area house has seen a double-digit rise in all but two months of the last year. It’s a counter-intuitive climb amidst a pandemic that has pushed the cost of a re-sale home past the million-dollar mark for the first time in history.

    Detached houses in the 905 suburbs have seen the greatest growth with a near 30 per cent annual gain in February.

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  • Simcoe.com

    ‘Not all is roses’: Is Barrie’s economy succeeding or stumbling during COVID-19 pandemic?

    It depends how you interpret the numbers, but there’s evidence to show Barrie’s economy is at least treading water amid the global COVID-19 pandemic.

    Let’s start with the bad news.

    In January, the city census metropolitan area’s unemployment rate climbed to 14.2 per cent — up 11,000 people (9.2 per cent) from the same period a year ago and 2.2 per cent from December 2020.

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  • The Globe and Mail

    Toronto’s home-buying frenzy is an agent’s puzzle

    It seems many Ontario residents are listening to Premier Doug Ford when he urges them to stay home. Then they settle in, look around and decide they need to find a better home.

    The latest data from the Toronto Regional Real Estate Board (TRREB) show sales in the Greater Toronto Area hit a record high for the month of January with a whopping 52.4-per-cent gain from January, 2020.

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  • Yahoo Finance Canada

    Federal Liberals boost First-time Home Buyer Incentive and plan foreign buyers tax

    Ottawa is introducing a pair of measures, as part of its economic fiscal update, to help Canadians get a foot into the housing market.

    The First-Time Home Buyer Incentive is a shared-equity mortgage to reduce payments, with the Government of Canada taking on 5-10 per cent of the loan on a new home and 5 per cent on a resale home or mobile home. It’s being expanded for the high-priced Toronto, Vancouver, and Victoria markets.

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  • Yahoo Finance Canada

    Toronto breaks more real estate records, but condos under pressure

    The Greater Toronto Area’s (GTA) real estate market had another record-breaking month in October, even as COVID-19 cases forced new shutdowns.

    The Toronto Regional Real Estate Board says 10,563 homes were sold during the month, which is 25.1 per cent more than October 2019.

    It was the fourth straight month of year over year sales gains against a backdrop of an economy and job market still struggling to recover.

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