Real Estate News, Articles, Reports, Analysys & Trends

5/28/2020 | Posted in Toronto Real Estate by Anthony (Tony) Barone
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The results of a recent Ipsos survey suggested that accelerated borrowing and home-purchasing activity is just waiting in the wings to pounce upon the Greater Toronto Area ... More

Borrowing, homebuying in Toronto to accelerate after COVID-19

5/27/2020 | Posted in Canadian Economy and Housing Market by Anthony (Tony) Barone
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Sales, new construction and prices all expected to decline during pandemic

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Housing market will feel effect of COVID-19 until 2022, CMHC says

5/25/2020 | Posted in Canadian Housing Market by Anthony (Tony) Barone
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Why does CMHC's Evan Siddall think Canada is headed for a 'deferral cliff'?

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Canada is headed for a 'deferral clif'

5/24/2020 | Posted in Home Buyers by Anthony (Tony) Barone
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The Bank of Canada is set to reduce its qualifying rate ten basis points, from 5.04 to 4.94 percent according a new report.

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Bank of Canada to drop qualifying rate

5/21/2020 | Posted in Real Estate Investments by Anthony (Tony) Barone
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The financial situation of every rental property is as different as a fingerprint. Every operator applies their level of experience, understanding, operating sophistication and ... More

COVID-19 might kill the rental property industry

5/20/2020 | Posted in Financial Health by Anthony (Tony) Barone
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Although COVID-19 has slowed down the rate of insolvency filings nationwide, the year-to-date total is still the highest in a decade, according to the Office of the ... More

Insolvency rate reaches highest year-to-date level since 2010

5/18/2020 | Posted in First Time Home Buyers by Anthony (Tony) Barone
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COVID-19 ripped a hole in more than just the economy. For Canadians on the verge of buying their first home, the pandemic, and the financial uncertainty it has plunged the ... More

Is there hope for first-time buyers post-COVID-19?

5/18/2020 | Posted in Financial Health by Anthony (Tony) Barone
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Canadian household debt has reached $2.28 trillion in total as of March, with mortgage payments accounting for a significant slice of the growth, according to data from the ... More

Mortgages take up largest slice of Canada's household debt

5/18/2020 | Posted in Toronto Real Estate by Anthony (Tony) Barone
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Toronto remains likely to see elevated housing demand and prices this summer despite the COVID-19 market pause.

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Toronto market might find post-coronavirus recovery easier

5/16/2020 | Posted in Canadian Economy and Housing Market by Anthony (Tony) Barone
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Thanks to a reduction in some Big-Bank posted rates in recent days, Canada’s mortgage stress test rate will fall as early as next week.

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Stress Test Rate to Drop

5/15/2020 | Posted in Canadian Housing Market by Anthony (Tony) Barone
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Statistics released today by the Canadian Real Estate Association (CREA) show national home sales and new listings fell by more than half in April 2020 compared to March.

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Canadian home sales and listings post record declines in April 2020

5/12/2020 | Posted in Mortgages and Real Estate by Anthony (Tony) Barone
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The coronavirus has plunged market activity into a deep freeze

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New mortgages to decline considerably in the near-term: TD Economics

5/8/2020 | Posted in Canadian Economy and Housing Market by Anthony (Tony) Barone
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The housing market can expect some recovery towards the end of the year according to Altus Group.

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Defying COVID-19 pressures, average prices might climb

5/8/2020 | Posted in Toronto Real Estate by Anthony (Tony) Barone
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DBRS Morningstar is looking at pandemic scenarios that include a housing price correction of between 10 and 15 per cent by 2022.

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Housing prices could fall 14% in Canada's biggest city by 2022 - and that's the 'moderate' scenario

5/6/2020 | Posted in Commercial Real Estate by Anthony (Tony) Barone
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Some Canadian banks have frozen new lending for smaller commercial property purchases, in some cases withdrawing letters of intent, as the coronavirus crisis raises concerns ... More

Some Canadian banks freeze new financing for commercial properties on COVID-19 concerns

5/5/2020 | Posted in GTA Real Estate by Anthony (Tony) Barone
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GTA REALTORS® reported 2,975 residential transactions through TRREB’s MLS® System - down by 67 per cent compared to April 2019.
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GTA REALTORS Release April 2020 Stats

5/3/2020 | Posted in Canada Living by Anthony (Tony) Barone
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Canada is officially in a recession that's been caused by the COVID-19 pandemic, the C.D. Howe Institute's Business Cycle Council declared Friday.

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It's official - Canada's economy is in a recession, C.D. Howe says

5/2/2020 | Posted in Canadian Economy and Housing Market by Anthony (Tony) Barone
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A sharp rise in joblessness, combined with the bust-out of the short-term rental market, will send Canadian house prices down in the short term, some market experts are ... More

Forced selling may be headed for Canada's housing market

4/30/2020 | Posted in Anouncements by Anthony (Tony) Barone
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Tiff Macklem, a former second-in-command at the Bank of Canada, is returning to the central bank to take over the top job at a moment that he says cries out for bold, ... More

Tiff Macklem named new Bank of Canada governor amid COVID-19 pandemic

4/30/2020 | Posted in Canadian HELOC by Anthony (Tony) Barone
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Canadian banks may clamp down on HELOCs to reduce the risk of spikes in sour loans, which the banks are already bracing for

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Canadian banks expected to tighten home equity line of credit access

4/27/2020 | Posted in Commercial Real Estate by Anthony (Tony) Barone
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Canada’s malls are facing a wave of skipped rents and could see vacancy rates triple by year-end, with the coronavirus poised to leave its scars on a fragile retail ... More

Malls face catastrophic hit in Canada with unpaid rent surging

4/27/2020 | Posted in GTA News by Anthony (Tony) Barone
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TRREB has developed a COVID-19 property tax deferral schedule for every Greater Toronto Area municipality for your convenience and use.

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2020 Property Tax Deferral Schedule in the GTA

4/26/2020 | Posted in Canadian Housing Market by Anthony (Tony) Barone
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The national market can still provide some impetus for home price growth despite declining sales, according to Royal Bank of Canada Senior Economist Robert Hogue.

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Home prices have some support despite sales slowdown

4/22/2020 | Posted in GTA Real Estate by Anthony (Tony) Barone
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Greater Toronto Area REALTORS® reported 1,654 home sales through TRREB’s MLS® System during the first 17 days of April – down by 69 per cent compared to the ... More

TRREB Releases Mid-April Market Update

4/22/2020 | Posted in GTA Real Estate by Anthony (Tony) Barone
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Toronto home sales tumbled in the first half of April, down 69 per cent compared with the previous year, as the coronavirus pandemic led to an economic slowdown and a huge ... More

Toronto home sales plummet in April as coronavirus shutdowns hit housing market

4/22/2020 | Posted in Commercial Real Estate by Anthony (Tony) Barone
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Acquisition of expansive properties has fallen to the wayside, but commercial real estate is poised to become an even more desirable choice for investment after the coronavirus ... More

Commercial sector to become more valuable post COVID-19

4/21/2020 | Posted in Canadian Housing Market by Anthony (Tony) Barone
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Canadian home prices could fall a “relatively modest” five per cent by July as some owners are forced to sell in the face of the economic hardship brought on by ... More

Home prices could fall 5% amid pandemic

4/21/2020 | Posted in Commercial Real Estate by Anthony (Tony) Barone
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One quarter of small businesses can't make April lease or mortgage payments — and it won't get much better any time soon.

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Commercial rent delays could turn into abatements if crisis drags

4/21/2020 | Posted in Canadian Economy and Housing Market by Anthony (Tony) Barone
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Rising unemployment and high debt is expected to boost mortgage loan delinquencies in Canada, though experts say it won’t play out like the U.S. subprime mortgage crisis ... More

Canada braces for higher mortgage defaults

4/17/2020 | Posted in Mortgages and Real Estate by Anthony (Tony) Barone
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Canadian banks processed more than 670,000 mortgage deferrals or skipped payments in the month since announcing a measure to help consumers weather the economic hit from the ... More

Canadian banks have processed 670,000 mortgage deferrals in first month
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