Real Estate News & Articles

6/8/2024 | Posted in Rental Market by Boris Guerdjikov
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Average rents across Canada are now up 32% from their pandemic lows. ... More

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6/7/2024 | Posted in Commercial Real Estate by Boris Guerdjikov
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While growing optimism has nudged some long-term developers off the sidelines with regards to land sales, there continues to be an overall impasse between buyers and sellers in ... More

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6/5/2024 | Posted in Canadian Economy and Interest Rates by Boris Guerdjikov
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The Bank of Canada has cut its overnight rate by 25 basis points, a move not seen since the beginning of the pandemic. ... More

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6/5/2024 | Posted in GTA Real Estate by Boris Guerdjikov
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May home sales continued at low levels, especially in comparison to last spring’s short-lived pick-up in market activity as home buyers are still waiting for relief on the ... More

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6/1/2024 | Posted in First Time Home Buyers by Boris Guerdjikov
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New home savings accounts have been used by 624,000 Canadians according to tax data, with a median deposit of $2,040. ... More

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5/30/2024 | Posted in Canadian Economy and Interest Rates by Boris Guerdjikov
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The Bank of Canada will trim interest rates to 4.75% on June 5, according to three-quarters of economists in a Reuters poll which showed three further cuts this year, with the ... More

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5/30/2024 | Posted in Home Owners by Boris Guerdjikov
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A recent study on Statistics Canada data shines light on trend ... More

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5/30/2024 | Posted in Government and Regulation by Boris Guerdjikov
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The Ontario government has introduced legislation that includes a new 10-day cooling-off period for purchases of new freehold homes. ... More

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5/30/2024 | Posted in Mortgages and Real Estate by Boris Guerdjikov
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Canada Mortgage and Housing Corp. says the country's total residential mortgage debt totalled $2.16 trillion as of February this year, up 3.4 per cent year-over-year and ... More

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5/29/2024 | Posted in Mortgages and Real Estate by Boris Guerdjikov
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Canada Mortgage and Housing Corp. says the country’s total residential mortgage debt totalled $2.16 trillion as of February this year, up 3.4 per cent year-over-year and ... More

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5/29/2024 | Posted in GTA News by Boris Guerdjikov
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About half of GTA residents say they would consider leaving to buy property in one of Canada’s more affordable cities, according to a new Royal LePage survey. ... More

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5/29/2024 | Posted in Financial Health by Boris Guerdjikov
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A new report suggests an increasing number of Canadians are seeing their credit card balances balloon as the cost-of-living crisis and higher interest rates eat into household ... More

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5/25/2024 | Posted in Toronto Real Estate by Boris Guerdjikov
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Move will open up housing options and build density ... More

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5/22/2024 | Posted in Mortgages and Real Estate by Boris Guerdjikov
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Canada’s banking watchdog warned that many homeowners who took out mortgages when rates were near zero during the pandemic will soon face a reckoning as those loans renew. ... More

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5/22/2024 | Posted in Government and Regulation by Boris Guerdjikov
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Toronto and Ottawa recently raised the fees despite a warning from Fraser that it would cut them off from future funds ... More

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5/22/2024 | Posted in Canadian Housing Market by Boris Guerdjikov
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Interest rates for builders and buyers playing into slowdown, putting dozens of housing projects on pause. ... More

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5/21/2024 | Posted in Canadian Economy and Interest Rates by Boris Guerdjikov
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Canada's headline inflation rate continued to ease in April, leaving the door open to a Bank of Canada rate cut next month. ... More

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5/21/2024 | Posted in Canadian Housing Market by Boris Guerdjikov
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The Teranet-National Bank composite house price index which tracks home prices in 11 of Canada's largest cities remained stable from March to April. ... More

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5/17/2024 | Posted in Canada Living by Boris Guerdjikov
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Working population in first 4 months this year surpassed already unprecedented numbers for 2023 ... More

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5/15/2024 | Posted in Canadian Housing Market by Boris Guerdjikov
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Canadian home sales dipped in April 2024 when compared to March, even as the number of properties available for sale rose to kick off the spring market. ... More

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5/10/2024 | Posted in Rental Market by Boris Guerdjikov
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The average asking rent for a home in Canada in April was up 9.3 per cent compared with a year ago, while a slight month-over-month increase was also recorded for the first time ... More

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5/3/2024 | Posted in GTA Real Estate by Boris Guerdjikov
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April 2024 home sales were down in comparison to April 2023, when there was a temporary resurgence in market activity. New listings were up strongly year-over-year, which meant ... More

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5/2/2024 | Posted in New Developments by Boris Guerdjikov
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As of the beginning of April, 2024, 324 cranes towered over the skies of the Greater Toronto and Hamilton Area (GTHA), representing a slight, but persistent, downward trend ... More

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5/2/2024 | Posted in Canada Living by Boris Guerdjikov
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New study shows how parental wealth significantly affects millennials and Gen Z's home ownership and property values in Canada ... More

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5/2/2024 | Posted in Canadian Economy and Interest Rates by Boris Guerdjikov
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Economic stagnation prompts the Bank of Canada to plan a rate cut in June, contrasting with the US Federal Reserve's strategy ... More

Real Estate & Mortgage News

4/30/2024 | Posted in Home Buyers by Boris Guerdjikov
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The majority of Canadians aspiring to buy a home say they will push their plans to next year or later to wait for interest rates to drop, a new survey shows. ... More

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4/30/2024 | Posted in Recreational Properties by Boris Guerdjikov
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Canada’s recreational property market hasn’t seen an influx of listings and is unlikely to at all this year, according to Re/Max Canada’s 2024 Cottage Trends ... More

Real Estate & Mortgage News

4/30/2024 | Posted in Canadian Economy and Interest Rates by Boris Guerdjikov
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Canada’s quarterly gross domestic product edged up 0.2% in February, suggesting the Bank of Canada may have a reason to cut rates in the summer. ... More

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