Bank of Canada Governor Stephen Poloz surprised no one when he announced that the Bank of Canada’s interest rate would remain unchanged at 1.75%. As Tembo outlined in our past post, analysts were divided over whether the Bank wo …

After one of its longest recesses in history, the provincial PC government will be back at work when the Legislature resumes on October 28th. The PCs took many months off to rest and re-calibrate, and to allow the Federal election to …

The CMHC recently released a report which attempts to predict the state of housing in our city next year. The report is bullish, suggesting prices on average will rise by roughly 5% – taking the average home price to between 740 …

The BOC will be announcing its next move on rates on the week of October 28th. Whether they stay even or go down is a big question, but they most certainly won’t be going up anytime soon. If rates do go down, expect the recovery …

It’s striking to see the shift in the media’s tone on real estate over the last few months. The positivity started in earnest in late June and early July, and began to pick up as the summer ended and the school year began. …

RBC’s lauded economics division recently released a report called Big City Rental Blue: A look at Canada’s Rental Housing Deficit which has grabbed a decent chunk of media attention. The report is an interesting read. It s …

There’s been significant media attention in the last few months on escalating tensions in the Persian Gulf between the U.S., Israel, Saudi Arabia and its allies and Iran. Not long ago, the Saudis claimed that an attack on a majo …

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 …

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 …

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 …

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 …

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 …