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Kyle Bouchard

Mortgage stress test changes suspended indefinitely: OSFI

Tuesday Mar 17th, 2020

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Mortgage stress test changes suspended indefinitely: OSFI       Following emergency Bank of Canada interest rate cut, financial regulator puts easing of mortgage stress test on ice   Joannah Connolly / Glacier Media Real Estate MARCH 16, 2020 10:09 AM       Changes to the federal mortgage stress test, due to come into force April 6, have been put on hold... [read more]

Bank of Canada slashes interest rates again in dramatic coronavirus response

Tuesday Mar 17th, 2020

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Bank of Canada slashes interest rates again in dramatic coronavirus response Sean MacKay Mar 13, 2020 131Shares   Photo: James Bombales “The world has changed,” read the headline of RBC’s Macroeconomic Outlook published today and, with all the events that hit like a tsunami over the last week, it’s hard to argue. Governments around the world have staged major interventions to support their economies, but as RBC’s... [read more]

Luxury Home Prices in Toronto Forecast to Increase Up to 7% in 2020: Report

Friday Jan 31st, 2020

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Luxury Home Prices in Toronto Forecast to Increase Up to 7% in 2020: Report by Toronto Storeys 100 Sandringham Drive via Engel & Volkers Toronto Central/Toronto Toronto’s luxury real estate market continued to heat up in 2019 and is showing no signs of slowing down, according to the latest report from international real estate firm Engel & Völkers Americas. The report, which focused on homes exceeding $1 million in primary real-estate... [read more]

Benchmark Price of Condo in GTA Hit ‘All-Time High’ in 2019: Report

Friday Jan 31st, 2020

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Benchmark Price of Condo in GTA Hit ‘All-Time High’ in 2019: Report by Ainsley Smith Photo by Jean-Karim Dangou on Unsplash While 2019 was an exceptional year for the Greater Toronto Area’s real estate market, with commercial and new home sectors experiencing growth over 2018, potential homebuyers are now showing hesitation heading into 2020, according to a new report. The report, which was released Thursday, gives a comprehensive review... [read more]

Toronto detached housing veering towards crisis of availability

Thursday Jan 30th, 2020

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Toronto detached housing veering towards crisis of availability   by: Ephraim Vecina       Single detached housing is becoming an increasingly rare resource in high-demand Toronto, according to the market’s real estate association. Data from the Toronto Real Estate Board indicated that in December, the market saw 1,984 sales of detached homes, representing a 24.77% annual increase. The City of Toronto accounted for... [read more]

Toronto home sales up 17 per cent in December, prices up 12 per cent

Thursday Jan 09th, 2020

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Toronto home sales up 17 per cent in December, prices up 12 per cent The Canadian Press Published Tuesday, January 7, 2020 6:40AM EST TORONTO -- The Toronto Real Estate Board says home sales were up 17.4 per cent in December compared with the same month last year, while the average price was up almost 12 per cent in the month from a year earlier. The December jump caps a surge in activity in the second half of last year, while a slower first half meant that overall 2019 sales... [read more]

7 new Toronto condos arriving on the waterfront by 2021

Tuesday Jan 07th, 2020

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7 new Toronto condos arriving on the waterfront by 2021 Just because you live in the concrete jungle, doesn’t mean you can’t be close to nature. Toronto is lucky to have a shoreline stretching from Scarborough out west to Etobicoke, a popular destination for boardwalks, beachside activities and some of the city’s most sought-after developments. If you’re looking for a new construction condo with views of the water, these Toronto projects set to be move-in... [read more]

How to Spot an Up-and-Coming Neighbourhood Before it’s Popular

Tuesday Dec 24th, 2019

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How to Spot an Up-and-Coming Neighbourhood Before it’s Popular by Joseph Czikk   Wouldn't it be great if you could spot the next up-and-coming neighbourhood before it turns into a highly-sought after area? With a little research and by knowing what to look for, you can reap the benefits of buying in a neighbourhood on the cusp of revitalization. Home values are always a good starting point to finding neighbourhoods that are beginning to turn... [read more]

Toronto is the Fastest Growing City in the U.S. and Canada!

Monday Dec 23rd, 2019

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Toronto is the Fastest Growing City in the U.S. and Canada Toronto is a city on the rise in so many different ways, but chief among them is our population. It's growing exponentially. In fact, based on census data, Toronto's population is "by far the leading city" for growth among all central cities in either Canada or the United States. "Population growth in the City of Toronto during the 12 months ending July 1, 2018 was... [read more]

2 Reasons a Canada Housing Crash Is Very Unlikely

Saturday Dec 21st, 2019

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2 Reasons a Canada Housing Crash Is Very Unlikely Ambrose O'Callaghan | November 30, 2019 Image source: Getty Images The Canadian housing market battled turbulence in 2017 and 2018. A massive housing bubble formed in major metropolitan areas like the Greater Toronto Area and Metro Vancouver. Policymakers were forced to step in and instituted a foreign buyer tax that had an immediate impact on markets. New mortgage rules were instituted by the OSFI in January... [read more]

CMHC: No, Toronto Isn’t in a Massive Housing Bubble

Saturday Dec 21st, 2019

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CMHC: No, Toronto Isn’t in a Massive Housing Bubble Nelson Smith | November 30, 2019  Image source: Getty Images It seems every week for the last decade, somebody has declared Canadian real estate is massively overvalued. Yet, despite this bearish sentiment, the market keeps on marching higher. Sure, there have been certain markets that have struggled. Pretty much every city in Alberta has seen housing prices collapse along with the price of oil.... [read more]

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