Lack of inventory is the main underlying storyline in the Greater Toronto Area (GTA) real estate market coming out of the winter months, and with an anticipated increase in demand, and competition among buyers, market watchers project renewed price growth. Part of the reason for growing demand, especially among first-time buyers, has been a red-hot rental market, as the average rents start to get closer...

The collapse of the Silicon Valley Bank is creating an opportunity for anyone looking to renew a mortgage or buy a house. CHRISTOPHER KATSAROV/THE GLOBE AND MAIL To be mercenary about the demise of Silicon Valley Bank, it’s the break people buying a home or renewing a mortgage have been waiting for. The global financial system has been shaken by the failure of SVB, which happened when it...

A private investigation firm working for a title insurance company says a handful of organized crime groups are behind a string of real-estate frauds in the GTA — where at least 30 homes have either been sold or mortgaged without the real owners' knowledge. (Cole Burston/Bloomberg) A year ago, Melissa Walsh says police assured her family it only happened to them. Fraudsters nearly sold her great...

Why Canada’s housing market is stronger than it looks – and recovery is just around the corner Naomi Oliver January 21, 2023   It’s hard to imagine the housing market being any weaker than what we’re going through right now. But the market is stronger than it looks. And that will become clear later this year and next. However, pessimism is inevitable. Finally, since...

The Bank of Canada today increased its target for the overnight rate to 3¼%, with the Bank Rate at 3½% and the deposit rate at 3¼%. The Bank is also continuing its policy of quantitative tightening. The global and Canadian economies are evolving broadly in line with the Bank’s July projection. The effects of COVID-19 outbreaks, ongoing supply disruptions, and the war in Ukraine continue to dampen...