News

  • Condo rents soar as sales slump by Donald Horne

    New condo sales in Toronto were down more than half in the first quarter of 2013 compared to the same quarter a year ago, but frustrated first-time homebuyers are gobbling up rental condos pushing average rents in the GTA to a record $1,856.

  • Home price growth slowest since recession by Christopher Myrick

    Canadian housing prices continue to soften, with the Teranet-National Bank Composite House Price Index up just 2% year on year in April – the smallest increase in its 15 year history, outside of the 2008/2009 global recession.

  • Competition Bureau appeals MLS decision by Christopher Myrick

    The Competition Bureau filed an appeal in federal court Tuesday, seeking to overturn a decision allowing the Toronto Real Estate Board to restrict access to key MLS information.

  • Investors could be hardest hit by amortization cap by Vernon Clement Jones

    Small property investors could soon find themselves with considerably less money to renovate new purchases if Jim Flaherty succeeds in winning a 25-year amortization cap on conventional mortgages.

  • Is your mortgage broker a CMA winner? by CMP

    The 8th-annual CMP Canadian Mortgage Awards went off with a bang at Toronto’s Liberty Grand Friday with over 600 attendees celebrating industry players who’ve soared above a turbulent real estate market.

  • Housing starts drop in Atlantic Canada, says CMHC by Christopher Myrick

    Housing starts were lower in April on both month-over-month and year-over-year fronts, with the sharpest declines coming in Atlantic Canada and Ontario, according to the Canada Mortgage and Housing Corp.

  • CMHC report shows loss of bulk insurance business by Vernon Clement Jones

    CMHC’s bulk insurance fund stood at a virtual standstill last year as the government clawed back on lender access to that portfolio insurance, making it harder for investors to win financing at the bank.

  • The real cost of smoking tenants by CREW online

    Here may be more proof that smoking tenants compromise resale value, with a survey suggesting half of buyers are inclined to give those properties a miss.

  • Condo sales lift T.O. prices, uh? by Christopher Myrick

    Sales volumes for homes in Toronto slipped 2 per cent in April from a year earlier while year-on-year prices were up by the same percentage, driven by unexpected strength in, of all things, condos.

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