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416 condo market will be on fire in April

“Our inventory levels for condos in Toronto proper are back to normal—we’re sitting at almost 2,600 condo units for sale—and that means April will be extremely healthy.”

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How the same income can equate to different mortgage limits

Depending on the type of mortgage product, lender, and program, this amount varies greatly. Let’s jump into the different types of mortgages and how these limits are calculated.

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Trudeau opens the spigots for social spending, income support, and a green economy

Chrystia Freeland's first budget is as promised. In more than two years, the first federal budget extends Ottawa’s COVID-19 “lifeline” for workers and struggling businesses another few months.

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RELNKS expands platform for realtors

This new platform helps first-time homebuyers connect with local realtors who can help them navigate the market. It will be a great platform to help realtors find quality leads.

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Alternative channel mortgage originations slated for spike

Mortgage broker Daniel Johanis says affordability on mortgages originated with the Big Five will decline as the OSFI implements another stress test that will take effect as of June 1.

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Most Canadians don’t shop for better mortgages: HOMEWISE

The HOMEWISE poll showed that only 49.1% of the 750 respondents aged 25 to 44 sought out better rates while 37.9% remained with their bank and 13.1% said they would go to one of Canada the Big Five.

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Construction material scarcity driving prices up in Montreal

“You order material and suppliers will say two weeks, but then six, eight, 10 or 12 weeks go by, and this is what we’re seeing in most of our projects,” said Patrice Groleau, owner of McGill Real Estate.

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Here’s how much income is needed to rent Toronto 1-bedrooms

“The average cost of a one-bedroom unit in Toronto was $1,866 a month last November,” said a report from LowestRates.ca. "“This represents a 19% year-over-year decrease."

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OSFI proposal eroding supply gains

"“I have noticed more supply coming out on the market in the last week and a half or two weeks, so spring supply is here," said Toronto-based Alex Balikoti, SVP of sales with Balikoti Real Estate Group.

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Blockbuster Canadian jobs report for March

Statistics Canada released the March 2021 Labour Force Survey showing much stronger-than-expected job growth for the second month in a row, pointing towards a Q1 growth rate of more than 5.5%.

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Western Canadian real estate markets had strong Q1

See how Vancouver, Edmonton, Winnipeg and Calgary's real estate market faired last quarter. Royal LePage's report also details house price increase expectancies for Q4-2021.

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Central Canadian home prices saw major gains in Q1

According to Royal LePage, Toronto and Montreal saw double-digit growth last quarter. They expect the condo market to follow suit come the fall once immigration and schools open up again.

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