What goes down must come up
By Sam ReissSince some tough changes to mortgage rules this past summer, it has indeed looked like our white-hot market is cooling. I give it about a year of modest price adjustments, and suggest to all those looking to move up the property ladder that
Flaherty thinks privatization
By Sam ReissSince taking a number of measures over the last few years to quell the Canadian market through the Canada Mortgage and Housing Corp, it seems Finance Minister Jim Flaherty has done an about-face. He now says he’s done intervening and thinks
Did You Know You Can Seal the Deal Electronically Now?
Ontario’s real estate agents are celebrating more than just Canada Day this week. As of July 1st, 2015, it is now legal to electronically sign (or e-sign) real estate contracts, such as the agreement of purchase and sale, deeds, and mortgages. That’s
CMHC finds strong evidence of problematic conditions in Toronto’s housing market
The Canada Mortgage and Housing Corporation (CMHC) released its 2016 Q1 Housing Market Assessment (HMA) report, announcing evidence of overvaluation and overbuilding across 15 major housing markets in Canada, including Toronto's housing market. In eight
London housing starts surge due to affordability issues in Toronto
The Canada Mortgage and Housing Corporation (CMHC) released its housing starts report for July 2017, announcing a trend increase, no thanks to Toronto. In July 2017, national housing starts trended at 217,550 units, up from the 215,175 in June. The
Canadian Condo Starts Expected to Decrease
The Canada Mortgage and Housing Corporation (CMHC) recently announced that Canadian housing starts were trending at 197,747 units in September 2014, which is a slight increase to the trend measure of 191,095 in August.A six-month moving average of
5 ways the homebuying experience has changed in 2016
When it comes to the Greater Toronto Area (GTA) housing market - and Canada as a whole - the homebuying process changed quite a bite this year. From new mortgage rules to new taxes, surprise election results, and advances in technology, buying a home
New detached home construction surging in Ontario
The Canada Mortgage and Housing Corporation (CMHC) released its housing starts figures for February 2017, announcing that new home construction trended upwards with help from Ontario. Last month, Canada was on pace to hit 204,669 units this year. In
Is your income at risk? Your home doesn’t have to be
When life delivers an unexpected blow – like a serious illness, a marital separation or loss of employment – it can be difficult to stay on track. Sometimes, it can even put your ability to make your mortgage payments at serious risk.This scenario
Canadian housing starts at highest level since 2007
The Canada Mortgage and Housing Corporation (CMHC) released its monthly housing starts data for March 2017, announcing that Canadian housing starts are at their highest level since 2007. The trend is a six month moving average of seasonally adjusted
