Real Estate News, Articles & Corporate Announcements

6/21/2024 | Posted in Home Buyers by City Heights Realty
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Many Canadian renters do not plan to purchase a home in the near future, with affordability challenges being a significant factor. ... More

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6/19/2024 | Posted in Mortgages and Real Estate by City Heights Realty
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The Bank of Canada’s top decision-makers expressed concerns before announcing this month’s interest rate cut, fearing that the rate relief could potentially overheat ... More

Real Estate & Mortgage News

6/16/2024 | Posted in Mortgage Interest Rates by City Heights Realty
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Interest rates may slowly start to be easing around the world, but they won’t be returning to pandemic levels and borrowers will need to adjust accordingly. ... More

Real Estate & Mortgage News

6/17/2024 | Posted in Canadian Housing Market by City Heights Realty
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While May was another relatively uneventful month for many Canadian housing markets with national month-over-month home sales edging slightly lower and new listings moving only a ... More

Real Estate & Mortgage News

6/13/2024 | Posted in Government and Regulation by City Heights Realty
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The head of Canada’s banking regulator stood firm in rejecting renewed calls to remove the mortgage stress test on uninsured mortgage switches. ... More

Real Estate & Mortgage News

6/7/2024 | Posted in Commercial Real Estate by City Heights Realty
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While growing optimism has nudged some long-term developers off the sidelines with regards to land sales, there continues to be an overall impasse between buyers and sellers in ... More

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6/8/2024 | Posted in Rental Market by City Heights Realty
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Average rents across Canada are now up 32% from their pandemic lows. ... More

Real Estate & Mortgage News

6/5/2024 | Posted in Canadian Economy and Interest Rates by City Heights Realty
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The Bank of Canada has cut its overnight rate by 25 basis points, a move not seen since the beginning of the pandemic. ... More

Real Estate & Mortgage News

5/30/2024 | Posted in Mortgages and Real Estate by City Heights Realty
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Canada Mortgage and Housing Corp. says the country's total residential mortgage debt totalled $2.16 trillion as of February this year, up 3.4 per cent year-over-year and ... More

Real Estate & Mortgage News

6/1/2024 | Posted in First Time Home Buyers by City Heights Realty
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New home savings accounts have been used by 624,000 Canadians according to tax data, with a median deposit of $2,040. ... More

Real Estate & Mortgage News

6/5/2024 | Posted in GTA Real Estate by City Heights Realty
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May home sales continued at low levels, especially in comparison to last spring’s short-lived pick-up in market activity as home buyers are still waiting for relief on the ... More

Real Estate & Mortgage News

5/30/2024 | Posted in Home Owners by City Heights Realty
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A recent study on Statistics Canada data shines light on trend ... More

Real Estate & Mortgage News

5/30/2024 | Posted in Canadian Economy and Interest Rates by City Heights Realty
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The Bank of Canada will trim interest rates to 4.75% on June 5, according to three-quarters of economists in a Reuters poll which showed three further cuts this year, with the ... More

Real Estate & Mortgage News

5/30/2024 | Posted in Government and Regulation by City Heights Realty
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The Ontario government has introduced legislation that includes a new 10-day cooling-off period for purchases of new freehold homes. ... More

Real Estate & Mortgage News

5/29/2024 | Posted in Mortgages and Real Estate by City Heights Realty
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Canada Mortgage and Housing Corp. says the country’s total residential mortgage debt totalled $2.16 trillion as of February this year, up 3.4 per cent year-over-year and ... More

Real Estate & Mortgage News

5/29/2024 | Posted in GTA News by City Heights Realty
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About half of GTA residents say they would consider leaving to buy property in one of Canada’s more affordable cities, according to a new Royal LePage survey. ... More

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5/29/2024 | Posted in Financial Health by City Heights Realty
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A new report suggests an increasing number of Canadians are seeing their credit card balances balloon as the cost-of-living crisis and higher interest rates eat into household ... More

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5/25/2024 | Posted in Toronto Real Estate by City Heights Realty
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Move will open up housing options and build density ... More

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5/17/2024 | Posted in Canada Living by City Heights Realty
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Working population in first 4 months this year surpassed already unprecedented numbers for 2023 ... More

Real Estate & Mortgage News

5/22/2024 | Posted in Mortgages and Real Estate by City Heights Realty
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Canada’s banking watchdog warned that many homeowners who took out mortgages when rates were near zero during the pandemic will soon face a reckoning as those loans renew. ... More

Real Estate & Mortgage News

5/22/2024 | Posted in Government and Regulation by City Heights Realty
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Toronto and Ottawa recently raised the fees despite a warning from Fraser that it would cut them off from future funds ... More

Real Estate & Mortgage News

5/22/2024 | Posted in Canadian Housing Market by City Heights Realty
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Interest rates for builders and buyers playing into slowdown, putting dozens of housing projects on pause. ... More

Real Estate & Mortgage News

5/21/2024 | Posted in Canadian Economy and Interest Rates by City Heights Realty
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Canada's headline inflation rate continued to ease in April, leaving the door open to a Bank of Canada rate cut next month. ... More

Real Estate & Mortgage News

5/21/2024 | Posted in Canadian Housing Market by City Heights Realty
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The Teranet-National Bank composite house price index which tracks home prices in 11 of Canada's largest cities remained stable from March to April. ... More

Real Estate & Mortgage News

5/15/2024 | Posted in Canadian Housing Market by City Heights Realty
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Canadian home sales dipped in April 2024 when compared to March, even as the number of properties available for sale rose to kick off the spring market. ... More

Real Estate & Mortgage News

5/10/2024 | Posted in Rental Market by City Heights Realty
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The average asking rent for a home in Canada in April was up 9.3 per cent compared with a year ago, while a slight month-over-month increase was also recorded for the first time ... More

Real Estate & Mortgage News

5/2/2024 | Posted in New Developments by City Heights Realty
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As of the beginning of April, 2024, 324 cranes towered over the skies of the Greater Toronto and Hamilton Area (GTHA), representing a slight, but persistent, downward trend ... More

Real Estate & Mortgage News

5/2/2024 | Posted in Canada Living by City Heights Realty
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New study shows how parental wealth significantly affects millennials and Gen Z's home ownership and property values in Canada ... More

Real Estate & Mortgage News

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