10/2/2018 | Posted in Canadian Economy and Housing Market by Terra Realty
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Canada’s economy faces a major risk through the next three years from how debt-laden consumers cope with higher interest rates, according to economists from three of the ... More

Real Estate & Mortgage News

  5/16/2018 | Posted in Home Buyers by Terra Realty
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First-time home buyers already struggling with more stringent mortgage rules have been dealt another blow by an increase this week in the Bank of Canada’s five-year mortgage ... More

Real Estate & Mortgage News

  4/17/2018 | Posted in GTA Real Estate by Terra Realty
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Sales were down almost 30%, new listings were down 11%, but the measure of GTA condos that was higher in the first quarter of 2018 was the selling price. ... More

Real Estate & Mortgage News

  1/4/2018 | Posted in Canadian Housing Market by Terra Realty
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What houses sold for in the past is hidden behind an MLS firewall but this may change and enable buyers to make better decisions ... More

Real Estate & Mortgage News

  12/8/2017 | Posted in Ontario Real Estate by Terra Realty
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With reduced buying power, house hunters will scoop these properties up ... More

Real Estate & Mortgage News

  8/25/2017 | Posted in GTA Real Estate by Terra Realty
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The basic lesson: A property is worth what a buyer is willing to pay ... More

Real Estate & Mortgage News

  6/21/2017 | Posted in GTA Real Estate by Terra Realty
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Internal mid-month statistics for June from the Toronto Real Estate Board show average prices in the Greater Toronto Area shed almost 6.4 per cent in just two weeks with sales ... More

Real Estate & Mortgage News

  4/2/2017 | Posted in Real Estate Market by Terra Realty
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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. ... More

Real Estate & Mortgage News

  3/31/2017 | Posted in Toronto Real Estate by Terra Realty
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With Toronto housing getting harder and harder to afford, governments are under pressure to “do something” – always a dangerous moment. Several ideas are being ... More

Real Estate & Mortgage News

  3/14/2017 | Posted in Mortgage Interest Rates by Terra Realty
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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 2017. ... More

Real Estate & Mortgage News

  1/20/2017 | Posted in GTA Real Estate by Terra Realty
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One of the big surprises of the resale market in 2016 in the Greater Toronto Area was the strength of the condo segment. The shortage of listings in the single-family home ... More

Real Estate & Mortgage News

  1/17/2017 | Posted in Ontario Real Estate by Terra Realty
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As Vancouver smarted from its greatest 3-month decline in home prices since 2012, latest housing data suggested that Ontario is now the main contributor of strength and activity ... More

Real Estate & Mortgage News

  11/23/2016 | Posted in GTA Real Estate by Terra Realty
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The Greater Toronto Area saw a slight increase in the supply and mix of new homes in October while average prices declined slightly, the Building Industry and Land Development ... More

Real Estate & Mortgage News

  11/2/2016 | Posted in Real Estate Market by Terra Realty
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In the wake of stricter federal mortgage rules intended to moderate the overworked pace of Canada’s real estate sector, Finance Minister Bill Morneau said that the ... More

Real Estate & Mortgage News

  11/1/2016 | Posted in Mortgage Interest Rates by Terra Realty
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Broker fears were confirmed Tuesday, with one big bank raising its prime rate less than a month following new mortgage rules. ... More

Real Estate & Mortgage News

  10/26/2016 | Posted in GTA Real Estate by Terra Realty
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There was a 17.3 per cent drop in condo apartments available to rent in the Greater Toronto Area in third quarter of 2016 compared to a year earlier, Toronto Real Estate Board ... More

Real Estate & Mortgage News

  10/24/2016 | Posted in Mortgages and Real Estate by Terra Realty
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The federal government formally launched consultations Friday to explore potential changes that would shift some of the financial risk tied to ... More

Real Estate & Mortgage News

  10/18/2016 | Posted in Toronto Real Estate by Terra Realty
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As new mortgage rules come into effect that will limit the borrowing power of many buyers, there's uncertainty about the consequence this will have on Toronto's red-hot ... More

Real Estate & Mortgage News

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