Real Estate News, Articles & Corporate Announcements

8/12/2022 | Posted in First Time Home Buyers by City Heights Realty
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Details of a new account to help Canadians save to buy their first home have been revealed this week. ... More

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8/11/2022 | Posted in Condos For Sale by City Heights Realty
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A recent research report found that condo boards should be making sure there are enough reserve funds being budgeted to help pay for expensive repairs in the future. ... More

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8/9/2022 | Posted in Canadian Economy and Interest Rates by City Heights Realty
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A massive rate jump at the central bank’s meeting next month is a near certainty, economists say ... More

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8/8/2022 | Posted in Canadian Economy and Housing Market by City Heights Realty
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Expand the Bank of Canada mandate, for starters ... More

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8/5/2022 | Posted in Mortgages and Real Estate by City Heights Realty
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Trend builds on substantial annual increase in Canadian residential mortgage debt last year. ... More

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8/4/2022 | Posted in GTA Real Estate by City Heights Realty
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There were 4,912 home sales reported through the Toronto Regional Real Estate Board (TRREB) MLS® System in July 2022 - down by 47 per cent compared to July 2021. Following the ... More

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8/2/2022 | Posted in Toronto Real Estate by City Heights Realty
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Sales of new condominiums in the greater Toronto area declined by 19 per cent sequentially in the second quarter of this year, while the average price per square foot reached a ... More

Real Estate & Mortgage News

8/2/2022 | Posted in Toronto Real Estate by City Heights Realty
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There are signs that the broader real estate slowdown has spread to the preconstruction market, where purchases are seen as bets on future housing because buyers wait years for ... More

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8/1/2022 | Posted in Home Buyers by City Heights Realty
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Here is a list of expenses you will have with carrying a home. ... More

Real Estate & Mortgage News

7/31/2022 | Posted in Home Buyers by City Heights Realty
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Here are the pros and cons of buying a house in a recession - and everything in between. ... More

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7/30/2022 | Posted in Canada Living by City Heights Realty
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These circumstances create one of the greatest lifetime wealth-building opportunities for millennials and Gen Z. ... More

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7/29/2022 | Posted in GTA Real Estate by City Heights Realty
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The Greater Toronto Area’s average rent has reached a new high in Q2 amid intensified competition, according to the region’s real estate industry association. ... More

Real Estate & Mortgage News

7/25/2022 | Posted in Real Estate Investments by City Heights Realty
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Over the last year, the central bank issued repeated warnings about the risk investors posed to the market as they became a greater share of the country’s homebuyers. ... More

Real Estate & Mortgage News

7/25/2022 | Posted in Toronto Real Estate by City Heights Realty
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New data is revealing how much money Toronto residents need to make in order to afford to purchase a home in the city. ... More

Real Estate & Mortgage News

7/19/2022 | Posted in Rental Market by City Heights Realty
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GTA rent prices rose by “the fastest pace on record” in the second quarter of this year with the average one-bedroom unit being leased out for nearly $2,200 a month, a ... More

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7/18/2022 | Posted in Mortgages and Real Estate by City Heights Realty
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A BMO Capital Markets senior economist says the Bank of Canada's recent move to increase its key interest rate is setting up the housing market for an even deeper correction ... More

Real Estate & Mortgage News

7/18/2022 | Posted in Interest Rates by City Heights Realty
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The Bank of Canada's intention to "frontload" its path to higher rates means its policy rate could peak as early as September, according to a prominent CIBC ... More

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7/18/2022 | Posted in Canadian Housing Market by City Heights Realty
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The trend in housing starts was 258,295 units in June, up from 252,444 units in May, according to Canada Mortgage and Housing Corporation (CMHC). This trend measure is a six-month ... More

Real Estate & Mortgage News

7/15/2022 | Posted in Canadian Housing Market by City Heights Realty
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Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were down in June 2022. ... More

Real Estate & Mortgage News

7/14/2022 | Posted in Canadian Economy and Interest Rates by City Heights Realty
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According to the Bank of Canada’s new forecast, the rate shock it just delivered will keep inflation expectations in check, restraining wage demands and price increases. ... More

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7/13/2022 | Posted in Mortgages and Real Estate by City Heights Realty
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The Bank of Canada increased its key interest rate by one percentage point Wednesday in the largest hike the country has seen in 24 years. ... More

Real Estate & Mortgage News

7/13/2022 | Posted in Mortgages and Real Estate by City Heights Realty
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The Bank of Canada has raised its benchmark interest rate by the largest amount in more than 20 years, sharply increasing the cost of borrowing in an attempt to rein in runaway ... More

Real Estate & Mortgage News

7/13/2022 | Posted in GTA Real Estate by City Heights Realty
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Royal LePage has cut its home price forecast for this year amid a series of aggressive interest rate hikes which have pushed up the cost of borrowing and cooled the demand for ... More

Real Estate & Mortgage News

7/12/2022 | Posted in Canadian Housing Market Predictions by City Heights Realty
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CMHC revises down home price forecast over next two years to adjust for interest rate spike. ... More

Real Estate & Mortgage News

7/11/2022 | Posted in Toronto Real Estate by City Heights Realty
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The cost of building housing in Toronto will soon rise by tens of thousands of dollars per unit as the city hikes development charges by nearly 50 per cent. ... More

Real Estate & Mortgage News

7/10/2022 | Posted in Mortgage Interest Rates by City Heights Realty
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Economists are predicting the Bank of Canada will hike its key interest rate by three-quarters of a percentage point on Wednesday as inflation rages on globally. ... More

Real Estate & Mortgage News

7/8/2022 | Posted in Mortgages and Real Estate by City Heights Realty
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As interest rates tick up, financial experts expect to see delinquency on home equity lines of credit rise in the next few months, especially if inflation refuses to budge. ... More

Real Estate & Mortgage News

7/6/2022 | Posted in GTA Real Estate by City Heights Realty
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Higher borrowing costs continued to impact home sales in June 2022. Sales totalled 6,474 – down by 41 per cent compared to last year’s strong result. The number of ... More

Real Estate & Mortgage News

7/5/2022 | Posted in Canadian HELOC by City Heights Realty
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A much anticipated federal clampdown on a new mortgage product that sinks over-leveraged homeowners deeper into debt has fizzled. ... More

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7/1/2022 | Posted in Holidays and Traditions by City Heights Realty
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Smile, laugh and enjoy ... It is Canada Day!!!! ... More

Real Estate & Mortgage News