Real Estate News, Articles & Corporate Announcements

11/23/2022 | Posted in Home Buyers by City Heights Realty
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Variable-rate mortgage holders who have recently purchased their homes will be especially burdened by the prevailing rate-hike environment, according to Bank of Canada senior ... More

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11/23/2022 | Posted in GTA Real Estate by City Heights Realty
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The market is still reeling from the pronounced slowdown seen in the overall Canadian housing sector this year, new report says ... More

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11/22/2022 | Posted in Rental Market by City Heights Realty
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Having already surpassed pre-pandemic levels, the average rent in Canada continued to rise in October. ... More

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11/21/2022 | Posted in Mortgages and Real Estate by City Heights Realty
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At least two of Canada’s largest mortgage lenders allow borrowers to shift a portion of their interest costs onto the principal owed on their mortgages, helping them cope ... More

Real Estate & Mortgage News

11/16/2022 | Posted in Canadian Economy and Interest Rates by City Heights Realty
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While Governor Tiff Macklem had left the door open to another oversized increase, the inflation data was seen supporting a downshift to a standard 25-bp increase, with the option ... More

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11/16/2022 | Posted in Canadian Housing Market by City Heights Realty
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Sales data shows some positive signs and Scotiabank believes the market could be on course for better days ahead. ... More

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11/13/2022 | Posted in Toronto News by City Heights Realty
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Toronto has been recognized as one of the top 25 best cities across the globe to live and work in for 2023. ... More

Real Estate & Mortgage News

11/10/2022 | Posted in Toronto Real Estate by City Heights Realty
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Activity in Toronto’s housing market appears to be levelling off following a sharp decline over the spring that saw home prices drop significantly. ... More

Real Estate & Mortgage News

11/15/2022 | 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 edged a little higher in October 2022. ... More

Real Estate & Mortgage News

11/15/2022 | Posted in Real Estate Investments by City Heights Realty
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The residential segment accounted for much of the deceleration, Statistics Canada says ... More

Real Estate & Mortgage News

11/15/2022 | Posted in Home Buyers by City Heights Realty
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Already a source of huge debate in the mortgage industry since its introduction, the mortgage stress test came under scrutiny from executives at top Canadian lenders during a ... More

Real Estate & Mortgage News

11/8/2022 | Posted in Mortgage Interest Rates by City Heights Realty
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Plus: The trajectory of interest rates throughout the year to date ... More

Real Estate & Mortgage News

11/9/2022 | Posted in Commercial Real Estate by City Heights Realty
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The trends in these areas were reflective of the softening market fundamentals across the GTA ... More

Real Estate & Mortgage News

11/3/2022 | Posted in Commercial Real Estate by City Heights Realty
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Extreme caution appears to be the prevailing strategy among the region's office tenants, new report says ... More

Real Estate & Mortgage News

11/3/2022 | Posted in Toronto Real Estate by City Heights Realty
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A multi-month slide in Toronto home prices slowed in October, as sellers stepped back in hope the market will improve if they wait. ... More

Real Estate & Mortgage News

11/3/2022 | Posted in Canadian Economy and Interest Rates by City Heights Realty
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The Bank of Canada is almost done with its current series of rate hikes, but consumers should brace for higher borrowing costs before the end, according to central bank governor ... More

Real Estate & Mortgage News

11/3/2022 | Posted in GTA Real Estate by City Heights Realty
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Despite the continued housing market transition to a higher borrowing cost environment, the average selling price in the Greater Toronto Area (GTA) found some support near $1.1 ... More

Real Estate & Mortgage News

11/1/2022 | Posted in Canada Living by City Heights Realty
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The federal government is planning a massive increase in the number of immigrants entering Canada, which will have a huge effect on the real estate market. ... More

Real Estate & Mortgage News

11/1/2022 | Posted in Mortgages and Real Estate by City Heights Realty
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A new survey has found that 53% of Canadian mortgage borrowers are concerned about the prospect of higher monthly payments at renewal time. ... More

Real Estate & Mortgage News

10/27/2022 | Posted in Rental Market by City Heights Realty
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The cost of renting a one-bedroom condominium in Toronto is now up more than 20 per cent year-over-year, as higher borrowing costs leave some would-be buyers on the sidelines. ... More

Real Estate & Mortgage News

10/26/2022 | Posted in Mortgage Interest Rates by City Heights Realty
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The move marks the latest "supersized" rate jump of 2022 ... More

Real Estate & Mortgage News

10/24/2022 | Posted in New Developments by City Heights Realty
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The GTA new home market was very slow in September, with overall sales well below the 10-year average and inventories low, but rising slightly, the Building Industry and Land ... More

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10/25/2022 | Posted in Ontario Real Estate by City Heights Realty
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The Ontario government announced sweeping housing changes on Tuesday that will override municipal zoning laws in some situations and allow for the construction of up to three ... More

Real Estate & Mortgage News

10/25/2022 | Posted in Canadian Economy and Interest Rates by City Heights Realty
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ven as warnings about a potential recession grow louder, the Bank of Canada is expected to announce another hefty interest rate hike on Wednesday. ... More

Real Estate & Mortgage News

10/24/2022 | Posted in Ontario News by City Heights Realty
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Confirmation comes after Toronto Star reports premier will override municipal zoning for more housing ... More

Real Estate & Mortgage News

10/21/2022 | Posted in Rental Market by City Heights Realty
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The rental market became so unbalanced during the third quarter that units were on the market for a record low average of 10 days ... More

Real Estate & Mortgage News

10/20/2022 | Posted in Interest Rates by City Heights Realty
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Economists are expecting the Bank of Canada to continue its aggressive rate hike campaign after inflation data came in higher than expected. ... More

Real Estate & Mortgage News

10/20/2022 | Posted in Canadian Housing Market by City Heights Realty
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In September, the seasonally adjusted composite index fell by 2.0%, matching the previous month’s record decline and representing a fifth consecutive monthly contraction. ... More

Real Estate & Mortgage News

10/18/2022 | Posted in Canadian Economy and Interest Rates by City Heights Realty
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The Bank of Canada is closely monitoring debt burdens being shouldered across the economy over concerns they could become a threat to financial stability as interest rates rise ... More

Real Estate & Mortgage News

10/19/2022 | Posted in Rental Market by City Heights Realty
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Rental apartment construction dropped sharply in Toronto in the first half of the year, according to a new government report that suggests it has become “less and less ... More

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