The Toronto new construction housing market saw only 771 homes sold in April, a month that ordinarily boasts a high number of new development launches and sees homebuyers flocking to sales centres across the region. The sales total for the month was down 80 percent over April 2019 and came in 78 percent below the 10-year sales average for the month, according to data released today by the Buildin...Read More

As the province wraps up its first week under stage one of the pandemic reopening plan, new industry health and safety practices have been released for Ontario realtors. Today, the Ontario Real Estate Association (OREA) revealed guidelines for real estate professionals on how to safely navigate future realty transactions while reducing exposure to COVID-19. In anticipation of buyers and sellers r...Read More

Obtaining a mortgage can be a tedious process, especially with the tighter approval criteria presented by the Canadian lending authorities. But, once your mortgage is approved, you can relax for a bit until it’s time to renew your mortgage. If you’re nearing the renewal of your mortgage and are considering renewing your contract with the same lender to reduce your hassles, you’r...Read More

Home sales dropped off a cliff in markets across Canada to what TD Senior Economist Brian DePratto called “historically depressed levels” in April. It was enough to give most market observers whiplash as the year started on such an upbeat note that some commentators were even worrying that areas of the market were at risk of overheating during what was expected to be a blazing hot spr...Read More

As Ontario commences stage one of its reopening plan this week, the Toronto region’s real estate board is continuing to take stock of how the housing market could be further impacted by the COVID-19 pandemic. Today, the Toronto Regional Real Estate Board (TRREB) released findings from an Ipsos survey on consumer sentiment, as well as home buying and selling intentions, in light of the ongoi...Read More

Much of the country is practicing social distancing—and doing their part to stop the spread of COVID-19 by staying at home. Social distancing at home can be a challenge and limit what you can do with your time. But if you’ve been thinking about putting your property on the market, this offers the perfect opportunity to get your home ready to sell. A recent article from Redfin outline...Read More

The crowded sales centres that have become emblematic of Toronto’s decade-long new condo boom have joined the long list of scenes we will miss this spring. But could they return by the fall? Real estate research firm Urbanation released Monday the results of an industry survey conducted through the last two weeks of April. The firm received responses from about 100 development industry prof...Read More

With anxiety mounting throughout March as the economic impacts of the COVID-19 pandemic intensified, Canada’s central bank took swift action to slash interest rates at several points during the month. The cut announced by the Bank of Canada on March 27th meant that the overnight rate — which influences mortgage rates — had reached a level not seen since the 2008-2009 global rece...Read More

Home sales collapsed as anticipated in April as unprecedented job losses, economic volatility and strict physical distancing measures sapped the momentum behind what should have been Toronto’s busiest home buying stretch of the year. But as sales dropped 67 percent in April over the same time last year, home prices in the Toronto region still managed a 0.1 percent increase over April 2019. ...Read More

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