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

Canadian Housing Market / My Blog

Canadian homebuyer power has doubled since the millennium

8/18/2017 | Posted in Home Buyers by Shan Thayaparan

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A prolonged regime of low-interest rates along with a steady trend of rising incomes have more than doubled the amount that Canadians are able ...

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Largest Cohort of Millennials Changing Canadian Real Estate, Despite Constraints of Affordability and Mortgage Regulation

8/17/2017 | Posted in Real Estate Market by Shan Thayaparan

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'Peak Millennials' (aged 25 to 30) to create strong wave of demandNational survey shows while the peak millennial dream to own property is very strong, ...

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Canadian home sales fall further in July

8/15/2017 | 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 declined further in July 2017.

...

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The Teranet-National Bank Composite House Price Index Indicates a 2% Increase in the month of July

8/14/2017 | Posted in Real Estate Market by Shan Thayaparan

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In July, the national composite rise was significantly driven by a 2.1% increase in the market with the largest aggregate property value: Toronto. While this looks strong given ...

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Risk sharing could be negative for housing, mortgage market

7/31/2017 | Posted in Mortgages and Real Estate by Shan Thayaparan

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If the federal government forces mortgage lenders to carry more of the risk for delinquencies it could have a negative impact on the housing market and lead to an increase in ...

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Suite of housing measures cooling market largely as expected: Morneau

7/19/2017 | Posted in Real Estate News by Shan Thayaparan

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The federal finance minister says steps taken to tame Canada's hottest housing markets have already helped slow down a sector he believes was moving at an unsustainable ...

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Canadian home sales drop again in June

7/17/2017 | 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 cooled further in June 2017.

...

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Highest June Monthly Rise on Record

7/12/2017 | Posted in Real Estate Market by Shan Thayaparan

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In June the Teranet–National Bank National Composite House Price Index™ was up 2.6% from the previous month. As with May, it was the largest June rise in the ...

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Canada Not Alone in House Price Mania

6/26/2017 | Posted in Real Estate Market by Shan Thayaparan

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The dramatic rise in Canadian house prices has been making headlines almost daily. But Canada isn’t the only country experiencing skyrocketing home prices.

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Bank of Canada Believes Housing Is Still Pretty Cheap

6/23/2017 | Posted in Real Estate Market by Shan Thayaparan

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Turns out housing may be affordable, acording to Bank of Canada (BoC) Housing Affordability Index which shows that the cost of housing across Canada is below historic norms. We ...

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Looming rate hikes seen dousing Canadian consumers, housing market

6/19/2017 | Posted in Mortgages and Real Estate by Shan Thayaparan

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Looming rate hikes by the Bank of Canada will put financial stress on indebted Canadians and potentially exacerbate a slowdown in the nation's long housing boom, credit ...

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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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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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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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House prices can't climb faster than incomes forever

5/18/2017 | Posted in GTA Real Estate by Shan Thayaparan

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For the last three years, analysts have been predicting a Canadian housing crash and ensuing recession, yet the economy continues to chug along and house prices are still ...

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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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Sharpest 12 Month Rise On Record For Toronto and Hamilton Home Prices

5/12/2017 | Posted in Real Estate Market by Shan Thayaparan

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In April, the Teranet–National Bank National Composite House Price Index™ was up 1.2% from the previous month. This gain is similar to that reported for April of ...

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High house prices prompt Moody's downgrade for Canadian banks

5/11/2017 | Posted in Financial Health by Shan Thayaparan

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Moody’s has downgraded its ratings for six Canadian banks due to their exposure to risk from high house prices and household debt.

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Housing starts trend higher

5/9/2017 | Posted in Real Estate Market by Shan Thayaparan

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The 6-month trend of Canadian housing starts was up in April, reaching 213,768 units compared to 210,702 in March.

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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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Toronto and Vancouver housing affordability still at high-stress levels: RBC

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

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The fourth quarter of 2016 saw Canadian housing costs remain at overheated levels despite the imposition of various federal and provincial measures to address the prevalent ...

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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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Mortgage premium hikes reduce case for borrowing to boost down payment

3/20/2017 | Posted in Mortgages and Real Estate by Shan Thayaparan

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With mortgage insurance premiums rising, homebuyers whose down payments are just shy of 20 per cent may be considering whether to tap extra sources of credit in order to avoid ...

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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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