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Federal Reserve is cutting rates, again

September 23, 2019

Global accommodating cycles are intensifying as economic apprehension and wariness over the potential of a slowdown grows. A few days ago Fed Chair Jerome Powell announced that the Fed would cut rates again from 2% to 1.75%. This come …

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The First-Time Home Buyer Incentive

September 9, 2019

As of September 2, 2019, one of the biggest federal programs to help home buyers in many decades is now in effect. The First Time Home Buyer Incentive, or FTHBI, offers eligible buyers up to 10% of a home’s purchase price (money …

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The Benefits of Turmoil Abroad

September 4, 2019

With political and economic instability growing around the world, havens of stability and calm will be increasingly sought out by the aspirational middle classes, the wealthy, international businesses, and savvy investors. Canada is …

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On The Return of National Real Estate Price Growth

August 23, 2019

The good news we’ve been writing about haven’t been limited to real estate in Toronto, southern Ontario, and the GTA, it’s spreading across the country. The national real estate benchmark, which outlines real estate …

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A Very Good July for Real Estate

August 9, 2019

Just look at these numbers, a 4.4% increase in prices from June figures, sales up over 24% from July 2018, and overall sale prices up 3.2% from July of 2018. The average Toronto home sold for just over $806K. The number of properties …

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On the Fed Giving In

August 1, 2019

As predicted, Fed Chairman Jerome Powell acquiesced to the relentless pressure from the White House and yesterday announced a 25 basis point cut in rates. The constant stream of snipes from Trump’s twitter account finally wore P …

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The History of Home Prices in Toronto

July 26, 2019

A few generations ago in the halcyon golden age of 1950s prosperity in Toronto, family homes were incredibly cheap. With newfound post-war home loans for returning GIs, abundant land for development, and a rip-roaring economy, young c …

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Stress Test Relief!

July 22, 2019

There’s a very big real estate story that isn’t getting much widespread coverage in the community. When federal regulators announced the unveiling of tighter rules on uninsured mortgages and mortgages with down payments of …

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On The End of the Era of Central Bank Independence

July 15, 2019

It’s all over folks. We’re going down a new road. After intense pressure from President Trump and other members of his Administration to lower rates and boost stimulus, Federal Reserve Chairman Jerome Powell folded. In his …

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The Return of Surging Detached Home Sales

July 8, 2019

Toronto had its best June for real estate in over 2 years. With over 8,800 units sold, we beat our 2018 and 2017 figures. Only in 2016 was the number of sales around this time of year higher. Also recall that 2017 was a blockbuster ye …

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Toronto’s Biggest Real Estate Project

July 4, 2019

Oxford Properties, the real estate arm of OMERS, the pension plan for Ontario’s municipal workers, has signaled its intention to build a $3.5 billion mixed use project just north of the Rogers Centre and CN Tower. The proposed d …

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Higher Inflation in Canada

June 27, 2019

Canada is an expensive place to live in. With a generally high quality of life comes high taxes, prices, and fees. Canadians pay some of the highest airfare, phone bills, and property taxes in the world. They also pay huge sums for m …

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