The house Market

TORONTO -- Canada Mortgage and Housing Corp. says the country's housing sector moved from a moderate to high degree of vulnerability during the second quarter, with Toronto, Ottawa and Montreal among the markets shouldering the most risks. The federal housing agency attributed the escalation in vulnerability to price acceleration and...

The furious pace of home sales that kicked off the year started to slow in April as the number of homes sold that month fell by 12.5 per cent compared with the all-time record high set in March, the Canadian Real Estate Association said Monday. The association said 60,967 homes...

OTTAWA - Canadians looking to buy homes will face stiffer mortgage tests in a few days as the federal government and a national regulator tighten rules in the wake of new warnings from the central bank that households are piling on too much debt. In its latest financial system review,...

If it sounds too good to be true, it almost always is. A new trend in the Toronto real estate market, in which realtors are listing residential homes in the Greater Toronto Area for only a dollar, has left some buyers with questions. Listings such as 16 Kenrae Rd. and...

TORONTO -- The frenzied pace of home sales that appeared at the start of the year is continuing to slow as new figures from the Toronto Real Estate Board show 13 per cent fewer homes in the region changed hands between April and May. The Ontario board revealed Thursday that...

OTTAWA - Canada Mortgage and Housing Corp. is easing its underwriting criteria for mortgage loan insurance after changes it made last year were not effective and caused it to lose market share. The federal housing agency said Monday that it returned to considering a gross debt service ratio of up...

Nearly one-third of would be home buyers have given up on ever owning property amid a steady rise in housing prices during the COVID-19 pandemic, a new survey commissioned by the Ontario Real Estate Association has found. The online survey conducted by Abacus Data found that while 65 per cent...

The Canadian Real Estate Association says home sales cooled for their fourth consecutive month in July as new supply fell in about three quarters of all markets across the country. The association said Monday that seasonally adjusted home sales totalled about 48,686 in July, down 3.5 per cent from 50,459...

The shift in the nature of work and consumer shopping habits brought on by the COVID-19 pandemic is on full display in the downtown Toronto commercial real estate space.   New reports by commercial real estate services firm JLL said the office vacancy rate in the downtown core rose to...

Activity in Canada’s residential real estate market will moderate from the “unsustainable” levels seen so far this year, though sales will remain at an elevated pace and prices will continue to climb for years to come, according to the latest forecast from the national housing agency.The number of homes to...

Mortgage rates in the U.S. dipped to the lowest level in almost three months.The average for a 30-year loan was 2.96 per cent, down from 2.98 per cent last week and the lowest since Feb. 18, Freddie Mac data showed Thursday.Lower borrowing costs have fueled the pandemic housing market, increasing...

Runaway home-price growth in Canada's largest housing market stalled last month amid signs prospective homebuyers could be tapped out.There were 13,663 property sales across the Greater Toronto Area in April, according to data released Wednesday by the Toronto Regional Real Estate Board (TRREB). While that represents a 362 per cent...

Vancouver home sales bounced back from pandemic lows last month as sales surged 342 per cent year-over-year, according to data from the Real Estate Board of Greater Vancouver (REBGV).Residential home sales in the region totalled 4,908 last month, driven by heightened demand in the Metro Vancouver area, which helped push the...

Toronto’s condo comeback as sales climb in Q1   Toronto’s downtown condominium segment is primed for a comeback with sales approaching pre-pandemic levels. Data from Urbanation found that new condo sales in the Greater Toronto Area totalled 5,385 units in the first quarter of 2021, which was just shy of the 5,593...

Canada’s national housing agency is predicting home prices could rise as much as 14 per cent during the second year of the pandemic as low interest rates continue to stoke demand across the country.Over the course of the pandemic, home prices have jumped over 30 per cent, with suburbs, smaller...

U.S. home prices soared the most in 15 years, with low mortgage rates and a scant inventory of properties to buy fueling a tight housing market.Nationally, the S&P CoreLogic Case-Shiller index of property values climbed 12 per cent in February from a year earlier, the biggest jump since 2006. That...

Traffic is returning to the city streets. Elevators are getting crowded. Favorite lunch spots are filling up. Two months after Israel reopened its economy, Tel Aviv is moving on from the work-from-home era.Israel’s lightning-fast vaccine program gave it a headstart in planning for life after coronavirus, and its quick rollout turned it into...

National Bank of Canada Chief Executive Officer Louis Vachon said the country should consider ending blind bidding to cool the nation’s housing market while also studying broader pandemic-related factors that may be driving the recent home-price surge.Provincial and industry regulators should look at regulating or forbidding blind bidding to increase...

For the first time in more than 15 years, it’s cheaper to buy a new house than a previously owned dwelling.The premium for newly built homes vanished last month as low supply fueled price increases in the broader market and erased the discount traditionally associated with older properties.The median sales...

23 Barwick Dr., TorontoAsking price: $1,295,000 (February, 2021)Selling price: $1,840,000 (March, 2021)Previous selling price: $286,000 (May, 1997)Taxes: $6,578 (2020)Days on the market: SixListing agent: Andre Kutyan, Harvey Kalles Real Estate Ltd.This detached house is mere metres away from Highway 401, which was a deal breaker for some buyers and seen...