Real Estate News & Articles
3/23/2023 | Posted in Canadian Housing Market by Francesco Basile
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How could the news impact the national housing market? ... More

3/22/2023 | Posted in Rental Market by Francesco Basile
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Canada's rental housing shortage will quadruple to 120,000 units by 2026 without a significant boost in stock, Royal Bank of Canada said in a report Wednesday. ... More

3/20/2023 | Posted in Mortgage Interest Rates by Francesco Basile
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It took some time, but mortgage rates are now responding to last week’s plunge in bond yields stemming from fears about systemic financial risk in the U.S. and Europe. ... More

3/16/2023 | Posted in Canadian Housing Market by Francesco Basile
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Many Canadian homebuyers were sidelined after interest rates climbed to the highest level in more than a decade last year, but a new report found most individuals that postponed ... More

3/15/2023 | Posted in Canadian Housing Market by Francesco Basile
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Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were up on a month-over-month basis in February 2023. ... More

3/14/2023 | Posted in Mortgages and Real Estate by Francesco Basile
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The latest data shows Canadians are spending 7.66% of their household disposable income on servicing their mortgage debt. ... More

3/14/2023 | Posted in Canadian Economy and Interest Rates by Francesco Basile
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Bond markets predicting interest rates to fall – and possibly very soon ... More

3/9/2023 | Posted in Canadian Economy and Interest Rates by Francesco Basile
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The central bank has left its policy rate untouched for the first time in over a year ... More

3/8/2023 | Posted in Canadian Economy and Interest Rates by Francesco Basile
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The Bank of Canada maintained its policy rate at 4.5 per cent, following eight consecutive rate hikes since March. ... More

3/8/2023 | Posted in Canadian Economy and Interest Rates by Francesco Basile
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Royal Bank of Canada (RBC) has published its report and outlook on the country’s housing market and sees the market downturn headed towards its conclusion. ... More

3/7/2023 | Posted in Canadian Economy and Housing Market by Francesco Basile
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As home prices and interest rates remain elevated, a record number of non-homeowners think they’ll never afford a house, according to a new survey. ... More

3/3/2023 | Posted in GTA Real Estate by Francesco Basile
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February sales in the Greater Toronto Area (GTA) were down substantially from the pre-rate hike levels of early 2022. ... More

3/3/2023 | Posted in Canadian Economy and Interest Rates by Francesco Basile
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One year after the Bank of Canada's aggressive rate hike cycle began, economists widely expect the central bank will stick to its plan of holding its key interest rate steady ... More

3/2/2023 | Posted in New Developments by Francesco Basile
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The federal government's foreign buyer ban aimed at making housing more affordable for Canadians is creating uncertainty for real estate developers, forcing some to put ... More

3/1/2023 | Posted in First Time Home Buyers by Francesco Basile
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Move over RRSP Home Buyers' Plan (HBP) - there's a new kid in town. The Tax-Free First Home Savings Account (FHSA) arrives on April 1st, 2023. ... More

3/1/2023 | Posted in Mortgage Interest Rates by Francesco Basile
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Over 70% of CIBC’s variable-rate customers are seeing all of their mortgage payments go towards servicing interest costs. ... More

2/22/2023 | Posted in Canadian Economy and Interest Rates by Francesco Basile
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Despite a decline in general inflation, grocery prices have increased at double the rate of everything else. That could mean more rate hikes ahead. ... More

2/17/2023 | Posted in Canadian Economy and Interest Rates by Francesco Basile
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As it fights to regain the confidence it lost during the battle to control inflation last year, a Senate committee has demanded increased parliamentary supervision of the Bank of ... More

2/16/2023 | Posted in Rental Market by Francesco Basile
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Canada’s explosive population growth from immigration is causing rents to surge in its biggest cities. ... More

2/16/2023 | Posted in Interest Rates by Francesco Basile
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Governor Tiff Macklem set an optimistic tone in a speech Thursday but kept it real with warnings about potential headwinds ... More

2/15/2023 | Posted in Canadian Housing Market by Francesco Basile
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Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were down on a month-over-month basis in January 2023. ... More

2/14/2023 | Posted in Mortgage Interest Rates by Francesco Basile
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One of the most prominent discussion points between brokers, agents and their clients, the fixed-versus-variable debate, took a significant swing in 2022 as a big trend of ... More

2/14/2023 | Posted in Canada Living by Francesco Basile
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As Canada prepares to ramp up immigration levels, a new report says the country will need to build 50 per cent more housing than what's already being planned. ... More

2/10/2023 | Posted in GTA Rental Market by Francesco Basile
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The deficit of rental housing in the Greater Toronto Area is poised to double to 177,000 units over the next decade amid “record high immigration” and declining home ... More

2/10/2023 | Posted in Canadian Housing Market Predictions by Francesco Basile
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A new report says Canada's housing market will see new listings fall in the first quarter before rebounding later in the year and then, slowing to a more modest growth pace in ... More

2/8/2023 | Posted in Real Estate News by Francesco Basile
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A recent dip in GoC bond yields has provided some welcome relief – but more twists and turns could be ahead ... More

2/8/2023 | Posted in Canadian Economy and Interest Rates by Francesco Basile
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Governor Tiff Macklem said the Bank of Canada needs to keep interest rates steady to avoid slowing the economy too much, defending his decision to pause hikes in remarks that were ... More

2/7/2023 | Posted in Canadian Housing Market by Francesco Basile
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Investors made up between one-fifth and one-third of home purchases in 2020, according to new data from Statistics Canada. ... More

2/3/2023 | Posted in Toronto News by Francesco Basile
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The deadline for Toronto homeowners to declare whether or not their property is occupied has been extended until the end of the month, Mayor John Tory has announced. ... More

2/3/2023 | Posted in GTA Real Estate by Francesco Basile
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As we moved from 2022 into 2023, the Greater Toronto Area (GTA) housing market unfolded as expected. The number of January sales and the overall average selling price were similar ... More


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