6/22/2021 | Posted in Canadian Housing Market by City Heights Realty
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The country plans to welcome more than 1.2 million newcomers over a three-year period starting in 2021. ... More

Real Estate & Mortgage News

  6/19/2021 | Posted in Financial Health by City Heights Realty
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Canadians now owe almost $2 trillion in mortgage and home equity line of credit debt combined ... More

Real Estate & Mortgage News

  6/15/2021 | 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 and new listings were both down between April and May 2021. ... More

Real Estate & Mortgage News

  6/10/2021 | Posted in Canadian Housing Market by City Heights Realty
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Canada's housing market has more firepower than some economists had imagined heading into 2021 and its performance through the first half of the year has Canada's biggest ... More

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  6/10/2021 | Posted in Canadian Economy and Housing Market by City Heights Realty
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The Bank of Canada is cautiously optimistic about the country's economic recovery as vaccines continue to roll out and spending rebounds. ... More

Real Estate & Mortgage News

  6/10/2021 | Posted in Canadian Housing Market by City Heights Realty
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Canadian home prices are likely to grow by an average of 5% in the next half-year or so, but, surprisingly, the largest gains will not be in Toronto, nor in Vancouver, according ... More

Real Estate & Mortgage News

  5/18/2021 | Posted in Canadian Housing Market by City Heights Realty
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Canadian home sales fell from a record in April as a resurgence of COVID-19 cases and lockdown measures slowed the country’s red hot housing market. ... More

Real Estate & Mortgage News

  5/17/2021 | Posted in Canadian Housing Market by City Heights Realty
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The trend in housing starts was 279,055 units in April 2021, up from 272,164 units in March 2021, according to Canada Mortgage and Housing Corporation (CMHC). ... More

Real Estate & Mortgage News

  5/8/2021 | Posted in Canadian Housing Market Predictions by City Heights Realty
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Canada Mortgage and Housing Corp. says the average home price could rise by as much as 14% this year, but the pace of sales could moderate by the end of 2023 if broad immunity to ... More

Real Estate & Mortgage News

  5/5/2021 | Posted in Canadian Housing Market by City Heights Realty
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Housing affordability in Canada has declined the most in two years ... More

Real Estate & Mortgage News

  5/4/2021 | Posted in Home Buyers by City Heights Realty
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Unconditional offers are poor choices and our courts have shown little empathy for failed purchasers, repeatedly holding that vendors have no obligation to accommodate purchasers ... More

Real Estate & Mortgage News

  5/1/2021 | Posted in Canadian Housing Market by City Heights Realty
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TD Bank is forecasting that home prices have further to rise yet before finally starting to lose steam by the end of the year. ... More

Real Estate & Mortgage News

  4/27/2021 | Posted in First Time Home Buyers by City Heights Realty
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Effective May 3, 2021, the Federal Government will be expanding the First Time Home Buyer Incentive program to enhance eligibility in Toronto, Vancouver and Victoria Census ... More

Real Estate & Mortgage News

  4/24/2021 | Posted in Canadian Housing Market by City Heights Realty
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Louis Vachon says further analysis needed to understand if housing market trends are permanent ... More

Real Estate & Mortgage News

  4/19/2021 | Posted in Canadian Housing Market by City Heights Realty
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The trend in housing starts was 273,664 units in March 2021, up from 252,636 units in February 2021, according to Canada Mortgage and Housing Corporation (CMHC). ... More

Real Estate & Mortgage News

  4/16/2021 | Posted in Canadian Housing Market by City Heights Realty
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The Canadian housing market hit a new record with more properties changing hands in March than any month in history, as sky-high prices lured more homeowners to try to cash in. ... More

Real Estate & Mortgage News

  4/15/2021 | 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 set another all-time record in March 2021 as increased supply became available. ... More

Real Estate & Mortgage News

  4/13/2021 | Posted in Canadian Housing Market Predictions by City Heights Realty
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The aggregate price of a home in Canada increased 14.1 per cent year-over-year to $749,165 in the first quarter of 2021, as strong demand continues to outpace supply in ... More

Real Estate & Mortgage News

  4/12/2021 | Posted in Canadian Economy and Housing Market by City Heights Realty
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In the pandemic-linked housing boom, average residential property values have become decoupled from average incomes over vast swathes of the country. ... More

Real Estate & Mortgage News

  4/8/2021 | Posted in Home Buyers by City Heights Realty
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One in five Canadians are hoping for a significant fall in housing prices, a sign of the mounting frustration felt by many people looking to get into the country's hot ... More

Real Estate & Mortgage News

  4/5/2021 | Posted in Canadian Housing Market by City Heights Realty
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Feds face pressure over hot housing market ahead of 2021 budget ... More

Real Estate & Mortgage News

  3/31/2021 | Posted in Canadian Housing Market by City Heights Realty
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The Bank of Canada is seeing “worrying” signs that some Canadians are taking on too much debt to buy into the nation’s hot housing market. ... More

Real Estate & Mortgage News

  3/30/2021 | Posted in Luxury Real Estate by City Heights Realty
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Sales of homes valued at $4 million or more in the Greater Toronto Area saw a 157 per cent jump in activity. ... More

Real Estate & Mortgage News

  3/30/2021 | Posted in Canadian Housing Market by City Heights Realty
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BMO Economics isn’t ruling out the possibility of a policy response to cool rapidly overheating Canadian real estate markets. ... More

Real Estate & Mortgage News

  3/30/2021 | Posted in Canadian Housing Market by City Heights Realty
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Long-term risks to the economy are being exacerbated by outsized demand, shrinking inventory ... More

Real Estate & Mortgage News

  3/25/2021 | Posted in Canadian Housing Market by City Heights Realty
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Sustained housing price increases still outpacing the recovery in fundamental factors, such as labour income, means Canada's national housing market remains moderately ... More

Real Estate & Mortgage News

  3/23/2021 | Posted in Canadian Housing Market by City Heights Realty
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The aggregate price of a house in Canada's recreational regions is forecast to increase 15 per cent in 2021 to $502,730, as demand continues to rapidly outpace ... More

Real Estate & Mortgage News

  3/22/2021 | Posted in Real Estate Market by City Heights Realty
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A record share of Canadians expect home prices will continue hitting new highs, an exuberance that adds to concern the housing market is entering a speculative bubble. ... More

Real Estate & Mortgage News

  3/18/2021 | Posted in Canadian Housing Market by City Heights Realty
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While home prices continued to increase between November and January, their rate of growth was declining on a monthly basis. That changed in February as monthly home price ... More

Real Estate & Mortgage News

  3/16/2021 | Posted in Mortgages and Real Estate by City Heights Realty
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If home prices continue shooting up, even in spite of rising rates, some economists say it may force policy action ... More

Real Estate & Mortgage News