Housing market crash unlikely … Immigration and smaller household sizes are expected to help drive prices upward.   New data released Monday by Statistics Canada found home prices increased by a mere 0.1 per in July compared with June — the smallest increase in more...

Toronto new condo sales decline 19%, but prices rise, according to Urbanation. Sales of new condominiums in the greater Toronto area have declined by 19 percent in the second quarter of this year, while the average price per square foot reached a record high of...

Canada’s Tax Authority Has Been On A Multi-Billion Dollar Real Estate Crackdown! Canadian real estate owners are stuck paying huge penalties after trying to avoid taxes owed. New data from the Canadian Revenue Agency (CRA) shows their crackdown on real estate...

Here we go again… another prediction for the real estate market. Canada’s housing market could be facing its biggest downturn in recent history, according to a new report from RBC. After the price of residential properties soared during the pandemic — with some of the...

Mortgage rates are rising, but here’s why you won’t see a rash of Canadians losing their homes. Canadians will run up their credit cards, fall behind on their utilities and juggle car payments. The one thing they don’t do in significant numbers is fall behind on their...

Developers could cancel about 5,000 new condo units as construction prices rise. Toronto’s already-severe housing shortage may be heading in the wrong direction as rental and condo projects are being canceled mid-way through, and the trend could last for several years...

The Greater Toronto Area’s housing market is in the beginning stage of a price correction — one that, it could be argued, is long overdue — but the recent drop in home values could be more dramatic in some areas than others. If we look at the pre-pandemic activity up...

Toronto saw one of the biggest jumps in rent prices in the GTA, and experts warn a cooling housing market could mean high rental costs are here to stay. A new real estate report shows that the price of housing in the GTA has skyrocketed and rents have returned to...

Economists are predicting that Canadian home prices will fall as much as 20 percent this year as higher interest rates begin to hit the country’s booming real estate market. Mortgage rates are expected to climb again as the Bank of Canada aggressively hikes interest...

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...