Canadian Senior Homeowners Borrowed $5.4 Billion In Reserve Mortgage Debt Canada’s house-rich but cash-strapped Boomers are back to tapping their home equity. Regulatory filings with the Office of the Superintendent of Financial Institutions (OSFI) show reverse...

Toronto Condo Rental Prices Soar, Key Vacancy Rate Drops as Pandemic Recovery Picks Up Speed. Toronto area tenants are once again facing a squeezed rental market similar to what they experienced before the pandemic, according to a new report. Market research firm...

New CREA (Canadian Real Estate Association) Pilot Program Will Let Homebuyers See All Offers in Real Time In a first for Canada, a new pilot program from the Canadian Real Estate Association, will allow home buyers to tract in real time all registered offers placed on...

The housing market remains tight in the Greater Toronto Area, but signs are pointing to some rebalancing compared to 2021’s record levels. In its monthly market report for March 2022, the Toronto Regional Real Estate Board (TRREB) stated that last month was the...

Greater Toronto Area (GTA) new condominium apartment sales totaled 30,844 units in 2021, increasing by 69% over 2020 (18,282 units) and narrowly missing the all-time high reached in 2017 (31,216 units). The market capped off the year with exceptional strength as...

The list price battle: too-low asking prices are frustrating homebuyers. But are they driving up prices? In a housing market already leaning in favour of sellers, artificially low list prices, bully offers, and blind bidding are the real estate realities that...

It may be difficult to buy a home or a plot of land in Toronto, so why not try the metaverse? Ever since Facebook announced it would change its name to Meta and focus on building its own digital world, interest in metaverse real estate has skyrocketed. In fact, real...

Canadian real estate prices are soaring, but the fastest growth is not coming from big cities. BMO chief economist Douglas Porter tells clients to really think hard about this growth. Home prices are now rising even faster than at the peak of the 1980’s real estate...

Almost A Quarter of Canadians Now Permanently Work from Home, Up Over 300% As public health restrictions linger, more companies realize they don’t need office space. Statistics Canada data shows new public health restrictions had more people work from home in January....

The average price of a Toronto condo is now $740,000 - Condo prices continue to rise in Toronto, like pretty much everything else lately, as more and more potential homebuyers look up to the sky for cheaper alternatives to detached homes. Those who entered the condo...