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Scarborough, Toronto, Ajax, Pickering, Durham, Brampton, Mississauga, York Region and the GTA | Re/Max Community Realty Inc., Brokerage

Canada / My Blog

U.S. Fed closing the door on low-rate mortgages in Canada

6/15/2017 | Posted in Mortgage Interest Rates by Shan Thayaparan

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The U.S. Federal Reserve raised its trend-setting interest rate on Wednesday for the third time in six months to the highest level since the global financial crisis hit in the ...

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Canadian home sales drop sharply in May

6/15/2017 | Posted in Real Estate Market by Shan Thayaparan

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According to statistics released today by The Canadian Real Estate Association (CREA), national home sales posted a sizeable decline in May 2017.

...

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CREA Updates Resale Housing Market Forecast

6/15/2017 | Posted in Real Estate News by Shan Thayaparan

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The Canadian Real Estate Association (CREA) has updated its forecast for home sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate ...

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Home Prices Up a Record 2.2% in May

6/14/2017 | Posted in Real Estate Market by Shan Thayaparan

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In May, the Teranet–National Bank National Composite House Price Index™ was up 2.2% from the previous month, the largest May gain in the 19-year history of the ...

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Bank of Canada says next move likely an interest rate hike

6/12/2017 | Posted in Mortgage Interest Rates by Shan Thayaparan

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The Bank of Canada offered its strongest signal yet that it’s ready to raise interest rates as the economy gathers steam, in surprise comments that sent the Canadian ...

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Forecasting the next rate increase

6/12/2017 | Posted in Mortgage Interest Rates by Shan Thayaparan

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The latest jobs performance could put pressure on the Bank of Canada to increase interest rates, according to one veteran.

...

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Ontario new housing rules take a bite out of new construction numbers for country

6/9/2017 | Posted in Real Estate Market by Shan Thayaparan

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Canadian housing starts fell 8.6 per cent in May from April, a decline fuelled by a massive pullback in new home construction since Ontario moved to cool the housing market in ...

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More Canadian homeowners will renovate this year, but spend less to spruce up their space: CIBC Poll

5/30/2017 | Posted in Home Maintenance by Shan Thayaparan

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With average household debt and housing prices at record highs across Canada, a new poll by CIBC finds that a growing number of Canadian homeowners (48 per cent) are choosing ...

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Canada home prices not coming down yet thanks to low rates: Reuters poll

5/25/2017 | Posted in Real Estate Market by Shan Thayaparan

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Efforts to rein in Toronto's hot housing market and recent problems at mortgage lender Home Capital are unlikely to hurt Canada's national real estate market as low ...

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Income volatility for 10 million Canadians: TD Bank Report

5/18/2017 | Posted in Financial Health by Shan Thayaparan

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Around 10 million Canadians say they have experienced moderate to high levels of income volatility in the past year.

...

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Canadian home sales drop in April

5/15/2017 | Posted in Real Estate Market by Shan Thayaparan

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crea-news-18.jpg - Real Estate News According to statistics released today by The Canadian Real Estate Association (CREA), national home sales declined in April 2017. ...

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Home Capital crisis might precipitate mortgage rates hikes

5/3/2017 | Posted in Mortgage Interest Rates by Shan Thayaparan

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The current troubles of Home Capital Group might lead to higher mortgage rates for less credit-worthy borrowers if concerns about the sector trigger an increase in funding ...

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Mortgage rates continue to defy expectations as Trump runup fizzles

4/28/2017 | Posted in Mortgage Interest Rates by Shan Thayaparan

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Here’s the least surprising news you’ll hear all day: Interest rates are not doing what most experts predicted.

...

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Activity in Canada's largest urban centres encouraging local buyers to relocate to surrounding markets : Re/Max

4/25/2017 | Posted in Real Estate Market by Shan Thayaparan

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"Move-over" buyers from Toronto and Vancouver turning to surrounding areas to find a balance of affordability, square footage, and access to ...

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Canadian home sales edge higher from February to March

4/18/2017 | Posted in Real Estate Market by Shan Thayaparan

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According to statistics released today by The Canadian Real Estate Association (CREA), national home sales were up on a month-over-month basis in March 2017.

...

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Home Prices Up 0.9% in March

4/12/2017 | Posted in Real Estate Market by Shan Thayaparan

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In March, the Teranet–National Bank National Composite House Price Index™ was up 0.9% from the previous month, the largest March rise in 10 years. This increase is ...

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Canada housing starts jump to highest in almost a decade, beating expectations

4/10/2017 | Posted in Real Estate News by Shan Thayaparan

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The annual pace of housing starts increased more than expected in March and hit their highest level since September 2007. The Canada ...

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Homes sold in 2016 now need to be reported on taxes

4/7/2017 | Posted in Home Sellers by Shan Thayaparan

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Canadians who have sold their homes last year have been mandated to report the transaction to the Canada Revenue Agency.

...

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Regulator launches broker database

4/4/2017 | Posted in Home Buyers by Shan Thayaparan

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Homebuyers can now view their potential broker’s regulatory record in a now online portal, which allows consumers to search broker and company names to view disciplinary ...

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How to cool a red-hot housing market

4/2/2017 | Posted in Real Estate Market by Shan Thayaparan

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Animal spirits still rule Canada’s real estate scene, working urban markets into a froth. But there are ways to tame them.

...

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Bill Morneau says government not planning to raise rate on capital gains

3/24/2017 | Posted in Real Estate Investments by Shan Thayaparan

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Finance Minister Bill Morneau said in an interview with The Globe and Mail that he wants to move quickly this year with tax changes focused on high-income Canadians, but ...

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What to expect after the U.S. Fed rate hike

3/17/2017 | Posted in Mortgage Interest Rates by Shan Thayaparan

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The possible impacts of the U.S. Federal Reserve’s decision on March 15 (Wednesday) to raise its key interest rate from 0.75 per cent to 1 per cent should not be ...

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US Federal Reserve hikes key interest rate to twice that of Canada's

3/15/2017 | Posted in Mortgage Interest Rates by Shan Thayaparan

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The Federal Reserve has raised its benchmark interest rate for the second time in three months and signalled that any further hikes this year will be gradual. Higher rates ...

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Canadian home sales climb in February

3/15/2017 | Posted in Real Estate Market by Shan Thayaparan

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According to statistics released today by The Canadian Real Estate Association (CREA), national home sales were up on a month-over-month basis in February 2017.

...

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CREA Updates and Extends Resale Housing Market Forecast

3/15/2017 | Posted in Real Estate Market by Shan Thayaparan

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The Canadian Real Estate Association (CREA) has updated its forecast for home sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate ...

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Canadian home prices climb another 1% in biggest February increase on record as Toronto stays strong

3/14/2017 | Posted in Real Estate Market by Shan Thayaparan

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Canadian home prices rose in February as prices continued to climb in the hot Toronto market, data showed on Tuesday in a report that was unlikely to alleviate concerns from ...

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Impact of U.S. Fed rate hike - Warning

3/14/2017 | Posted in Mortgage Interest Rates by Shan Thayaparan

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Locking in a rate before mortgages become more expensive is the best choice at present, as recent developments have pointed at a possible U.S. Federal Reserve rate hike in ...

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Bank of Canada announces rate

3/1/2017 | Posted in Mortgage Interest Rates by Shan Thayaparan

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The Bank of Canada is holding its trend-setting interest rate at 0.5 per cent but it's keeping a watchful eye on "significant uncertainties'' that it warns ...

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Mortgage rates to remain low for the first half of 2017

2/24/2017 | Posted in Mortgage Interest Rates by Shan Thayaparan

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In the wake of its report on the unsustainability of the Canadian housing market, Fitch Ratings predicted that mortgage rates will remain at record-low levels for the first six ...

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Foreign capital in Canadian commercial real estate went up 33% last year

2/15/2017 | Posted in Real Estate Market by Shan Thayaparan

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Sales of Canada’s office, hotel, and retail properties have reached record-breaking heights last year, fuelled by a strong influx of foreign capital into the ...

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