Real Estate News, Articles & Corporate Announcements
1/20/2021 | Posted in Mortgages and Real Estate by Terra Realty
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Canadian Mortgage Debt Increased 7.4% in November compared to a year earlier, pushing total up to nearly $1.66 trillion, according to StatsCan. ... More

1/16/2021 | Posted in Ontario News by Terra Realty
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Ontario homeowners who haven’t started work on their renovation projects as of Jan. 12 will have to put their plans on hold under the province’s new construction ... More

1/20/2021 | Posted in Canadian Housing Market by Terra Realty
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e annual pace of housing starts in December fell compared with November, according to Canada Mortgage and Housing Corp. (CMHC). ... More

1/19/2021 | Posted in Mortgages and Real Estate by Terra Realty
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Loan-default insurance industry player says it gained market share following changes the Crown agency made last summer. ... More

1/18/2021 | Posted in Rental Market by Terra Realty
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Toronto apartment hunters have a lot more options these days, as a flight into the suburbs led to an all-time high vacancy rate. ... More

1/15/2021 | Posted in Canadian Housing Market by Terra Realty
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Statistics released today by the Canadian Real Estate Association (CREA) show national home sales set another all-time record in December 2020. ... More

1/14/2021 | Posted in Canadian Housing Market Predictions by Terra Realty
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Canada’s housing market may be heading for a soft landing at the end of the year after what could be a record-breaking 2021, a new report by RBC Economics said. ... More

1/14/2021 | Posted in Home Buyers by Terra Realty
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A record number of Canadians left major urban centers last year amid the pandemic, led by youth and young families. ... More

1/15/2021 | Posted in Ontario Real Estate by Terra Realty
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Despite strong push toward the suburbs, Toronto single-family homes see double-digit price gains in city centres, while the price of detached homes continue to outpace ... More

1/14/2021 | Posted in Commercial Real Estate by Terra Realty
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Despite the recent arrival of the vaccine for the COVID-19 pandemic, a new report expects the first half of 2021 to be a continuation of 2020’s acceleration toward digital ... More

1/13/2021 | Posted in Mortgage Interest Rates by Terra Realty
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Money markets see an increased chance of the Bank of Canada cutting interest rates closer to zero, as tightening economic restrictions to contain a second wave of COVID-19 cases ... More

1/13/2021 | Posted in Canadian Housing Market by Terra Realty
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Plus, seven trends that could impact the real estate market ... More

1/13/2021 | Posted in Ontario News by Terra Realty
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The Ontario government has issued a stay-at-home order for the province beginning on Jan. 14 and has immediately declared a second state of emergency. ... More

1/12/2021 | Posted in Mortgages and Real Estate by Terra Realty
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The mortgage delinquency rate among Canadian seniors has reached its highest level in years, according to the Canada Mortgage and Housing Corporation. ... More

1/11/2021 | Posted in Canadian Housing Market by Terra Realty
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Affordability and space limitations continue to impact purchase decisions as only 14% of Canadians polled would consider buying a home in a major metropolitan area. ... More

1/7/2021 | Posted in Mortgage Interest Rates by Terra Realty
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The Bank of Canada will likely leave the overnight lending rate unchanged for the whole of 2021, according to a recent forecast. ... More

1/8/2021 | Posted in Condo Market by Terra Realty
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Condo sales soared across the Toronto region in December, and as one economist wrote, it looked like buyers were out “in full force looking for bargains.” ... More

1/6/2021 | Posted in GTA Real Estate by Terra Realty
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Despite an unprecedented year due to COVID-19, including necessary public health restrictions and uncertainty surrounding the economy, Greater Toronto Area REALTORS® reported ... More

1/5/2021 | Posted in Mortgages and Real Estate by Terra Realty
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For those of you who need a mortgage in the next 12 months, here are five humble prophecies about the year ahead. ... More

1/5/2021 | Posted in Canadian Housing Market by Terra Realty
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Canadians are feeling more confident about the continued rise in home prices now than at any point in the previous three years, a trend Bloomberg and Nanos Research called a ... More

1/4/2021 | Posted in Home Owners by Terra Realty
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The feds plan to provide homeowners with up to $5,000 in grants and one million free EnerGuide assessments to make their homes more energy efficient. ... More

1/2/2021 | Posted in Canadian Economy and Housing Market by Terra Realty
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Amid an unpredictable pandemic, forecasts for the housing market are pretty much all over the map. ... More

12/31/2020 | Posted in Condo Market by Terra Realty
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No sector has been hit as hard as condos in this pandemic, and while experts say the market will recover, it will be different ... More

12/30/2020 | Posted in First Time Home Buyers by Terra Realty
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With mortgage rates at historic lows and price growth tapering in certain markets, the COVID-19 pandemic has presented both opportunities and challenges for first-time homebuyers. ... More

12/22/2020 | Posted in Ontario News by Terra Realty
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The provincial government has announced all of Ontario will be entering a provincial shutdown as of 12:01 a.m. on Dec. 26 in a bid to combat rising coronavirus cases. ... More

12/21/2020 | Posted in GTA Real Estate by Terra Realty
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People ditched their condos, there was an exodus to the suburbs and an uptick in home renovations ... More

12/21/2020 | Posted in Canadian Housing Market by Terra Realty
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When the Liberal government proposed the foreign homebuyer tax in its fiscal update last month as part of a plan to lower home prices, it drew skepticism from observers who say ... More

12/21/2020 | Posted in Canadian Housing Market by Terra Realty
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The upward trend in Canadian housing starts continued in November, according to the Canada Mortgage and Housing Corporation. ... More

12/11/2020 | Posted in Mortgage Interest Rates by Terra Realty
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Bank says it could go lower than 0.25%, but remains deeply skeptical of negative interest rates ... More

12/20/2020 | Posted in Mortgages and Real Estate by Terra Realty
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It was a significant jump year-on-year ... More
