Brynn Lackie For months it has felt like the ground was shifting beneath us and now it seems even the deniers among us are finally willing to say it out loud. One need only look to the wall-to-wall press coverage — the market has shifted! The bubble has burst! The end is nigh! After two […]

As Canada announces a two-year ban on foreign homebuyers, real estate experts offered mixed reactions when discussing the impacts on the market. On Thursday, Canada’s federal budget included several measures with the goal of cooling Canada’s red-hot housing market, including $4 billion to help municipalities with planning and delivery of housing projects, and a $1.5

OTTAWA, Ontario — Prime Minister Justin Trudeau’s government announced Thursday it will ban foreign investors from buying homes in Canada for two years in a bid to cool off a hot housing market. Finance Minister Chrystia Freeland took a number of measures to tamp down speculation and demand amid record home prices in announcing the

As Toronto’s real estate market remains hot with prices rising and home sales hitting new highs, a new report is claiming that more than half of the city’s ‘Generation Z’ residents have given up on the dream of ever owning a single-family home. The report, released Wednesday by Sotheby’s International Realty Canada and Mustel Group,

Tired of renting and want to buy a home in Toronto? How much do you have to make it happen? The answer, according to veteran mortgage broker James Laird, is a lot — even assuming you have enough for a down payment well into the six figures. With the average price of a home in

Canadian real estate is very overvalued, according to a massive credit rating agency. Moody’s Analytics released its Canadian real estate model this week. The firm’s model shows markets are overvalued by up to 91% across the country. As disastrous as that sounds, the firm isn’t expecting a big housing crash. The baseline model shows low to no

‘In addition to being illegal, the conduct undermines consumer protection,’ Ontario regulator says Posing as homebuyers and sellers, Marketplace tested if real estate agents are engaging in this anti-competitive behaviour and found some agents deceiving the very buyers they are supposed to represent, in an effort to pad their own bottom line. https://www.cbc.ca/news/canada/marketplace-real-estate-agents-1.6209706

Home prices continue to rise in Toronto across every sector of the market as demand mounts, supply levels dwindle, and new listings drop by a whopping 43 percent to reach their lowest point in 10 years. New figures released Friday from the Toronto Regional Real Estate Board (TRREB) show that market conditions grew tighter in August, pushing

The big question now is how fast are we going to tumble down that mountain. Good Morning! It’s been a wild pandemic ride, but some economists are now saying that the torrid run of Canada’s housing market has already peaked, and it’s downhill from here. “March seems to have been the absolute peak of the

Lauren O’Neil Home sales just dropped in Toronto for the third consecutive month, newly-released MLS data shows, suggesting that recent demand surges caused by COVID may have settled down… for now. While up on a year-over-year basis, the Toronto Regional Real Estate Board (TRREB) reports that home sales actually fell across the region between May and June of