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Cautious buyers will push Toronto

Cautious buyers will push Toronto rents up 11% in 2019

Canadian landlords will be increasing rents in 2019 as strong demand for rental housing continues amid high home prices and tighter mortgage lending rules. Average rents nationally will rise 6% but in Toronto they could be almost double that at 11% with Ottawa (9%) and Vancouver (7%) also set for large increases. The figures are from the National Rent Report from Rentals.ca and CEO Matt Denison says...

Just one interest rate rise in 2019 most likely says BCREA

Just a few months ago economists were predicting that the Bank of Canada would take a bullish stance on interest rates following its talk of ‘normalization’ of the interest rate environment. Since then several things have changed. Despite some positive economic data and employment stats, issues such as the discounting of Canadian oil, slowing housing market, and the planned closure of the GM Oshawa...

Why Canada’s big banks aren’t too worried about household debt

Why Canada’s big banks aren’t too worried about household debt

Canada sets interest rates Wednesday, and there’s widespread concern about what any further borrowing-cost increases might mean for consumers, their immense pile of debt and the housing market. It’s one of the reasons to be bearish on Canada. Steve Eisman, who was featured in Michael Lewis’s book “The Big Short,” told Bloomberg TV this month investors should short Canadian financials, citing...

Toronto real estate market may be poised for a spring rebound

Toronto real estate market may be poised for a spring rebound

Sales in the Toronto housing market have so far decreased in 2018, but some market watchers are optimistic that a spring recovery will take place. The most recent figures from the Toronto Real Estate Board look grim compared to the euphoria that pulled through the market in early 2017, says Cameron Forbes, general manager of ReMax Realtron Realty Inc. "We had an artificial market from January to January,...

Liberty Development

Liberty Development

Liberty Development has cancelled three towers in Vaughan but a deposit refund won’t be enough to secure new homes for some buyers. The latest Toronto-area condo cancellation — Liberty Development’s Cosmos condos at Vaughan Metropolitan Centre — is raising questions about consumer protection for buyers who hand over large deposits on a pre-construction home only to learn months or years later that...

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