Real Estate News & Articles

7/4/2024 | Posted in GTA Real Estate by Bashar Mahfooth
SHARE

June 2024 home sales in the Greater Toronto Area (GTA) were lower compared to the same month last year, according to the Toronto Regional Real Estate Board (TRREB) ... More

Real Estate & Mortgage News

6/28/2024 | Posted in Government and Regulation by Bashar Mahfooth
SHARE

Ontario is holding the annual rent increase guideline for 2025 at 2.5 per cent. This is currently the lowest rate in the country and below the average inflation rate of 3.1 per ... More

Real Estate & Mortgage News

6/25/2024 | Posted in First Time Home Buyers by Bashar Mahfooth
SHARE

More than one-third of first-time homebuyers in Ontario are getting help with their down payment and the average gift now tops $100,000, according to a report from CIBC. ... More

Real Estate & Mortgage News

6/23/2024 | Posted in Canadian Economy and Interest Rates by Bashar Mahfooth
SHARE

Economists are forecasting inflation slowed further in May, which would be welcome progress for the Bank of Canada after it cut its key lending rate for the first time in four ... More

Real Estate & Mortgage News

6/21/2024 | Posted in Home Buyers by Bashar Mahfooth
SHARE

Many Canadian renters do not plan to purchase a home in the near future, with affordability challenges being a significant factor. ... More

Real Estate & Mortgage News

6/19/2024 | Posted in Mortgages and Real Estate by Bashar Mahfooth
SHARE

The Bank of Canada's governing council thought about waiting until July to lower interest rates but ultimately decided to cut earlier, the central bank's summary of ... More

Real Estate & Mortgage News

6/19/2024 | Posted in Mortgages and Real Estate by Bashar Mahfooth
SHARE

The Bank of Canada’s top decision-makers expressed concerns before announcing this month’s interest rate cut, fearing that the rate relief could potentially overheat ... More

Real Estate & Mortgage News

6/18/2024 | Posted in Commercial Real Estate by Bashar Mahfooth
SHARE

The new report analyzed 12 markets nationwide in Q1 2024, identifying 13 key trends. ... More

Real Estate & Mortgage News

6/17/2024 | Posted in Canadian Housing Market by Bashar Mahfooth
SHARE

While May was another relatively uneventful month for many Canadian housing markets with national month-over-month home sales edging slightly lower and new listings moving only a ... More

Real Estate & Mortgage News

6/16/2024 | Posted in Mortgage Interest Rates by Bashar Mahfooth
SHARE

Interest rates may slowly start to be easing around the world, but they won’t be returning to pandemic levels and borrowers will need to adjust accordingly. ... More

Real Estate & Mortgage News

6/13/2024 | Posted in Government and Regulation by Bashar Mahfooth
SHARE

The head of Canada’s banking regulator stood firm in rejecting renewed calls to remove the mortgage stress test on uninsured mortgage switches. ... More

Real Estate & Mortgage News

6/8/2024 | Posted in Rental Market by Bashar Mahfooth
SHARE

Average rents across Canada are now up 32% from their pandemic lows. ... More

Real Estate & Mortgage News

6/7/2024 | Posted in Commercial Real Estate by Bashar Mahfooth
SHARE

While growing optimism has nudged some long-term developers off the sidelines with regards to land sales, there continues to be an overall impasse between buyers and sellers in ... More

Real Estate & Mortgage News

6/5/2024 | Posted in Canadian Economy and Interest Rates by Bashar Mahfooth
SHARE

The Bank of Canada has cut its overnight rate by 25 basis points, a move not seen since the beginning of the pandemic. ... More

Real Estate & Mortgage News

6/5/2024 | Posted in GTA Real Estate by Bashar Mahfooth
SHARE

May home sales continued at low levels, especially in comparison to last spring’s short-lived pick-up in market activity as home buyers are still waiting for relief on the ... More

Real Estate & Mortgage News

6/1/2024 | Posted in First Time Home Buyers by Bashar Mahfooth
SHARE

New home savings accounts have been used by 624,000 Canadians according to tax data, with a median deposit of $2,040. ... More

Real Estate & Mortgage News

5/30/2024 | Posted in Canadian Economy and Interest Rates by Bashar Mahfooth
SHARE

The Bank of Canada will trim interest rates to 4.75% on June 5, according to three-quarters of economists in a Reuters poll which showed three further cuts this year, with the ... More

Real Estate & Mortgage News

5/30/2024 | Posted in Home Owners by Bashar Mahfooth
SHARE

A recent study on Statistics Canada data shines light on trend ... More

Real Estate & Mortgage News

5/30/2024 | Posted in Government and Regulation by Bashar Mahfooth
SHARE

The Ontario government has introduced legislation that includes a new 10-day cooling-off period for purchases of new freehold homes. ... More

Real Estate & Mortgage News

5/29/2024 | Posted in Mortgages and Real Estate by Bashar Mahfooth
SHARE

Canada Mortgage and Housing Corp. says the country’s total residential mortgage debt totalled $2.16 trillion as of February this year, up 3.4 per cent year-over-year and ... More

Real Estate & Mortgage News

5/29/2024 | Posted in GTA News by Bashar Mahfooth
SHARE

About half of GTA residents say they would consider leaving to buy property in one of Canada’s more affordable cities, according to a new Royal LePage survey. ... More

Real Estate & Mortgage News

5/29/2024 | Posted in Financial Health by Bashar Mahfooth
SHARE

A new report suggests an increasing number of Canadians are seeing their credit card balances balloon as the cost-of-living crisis and higher interest rates eat into household ... More

Real Estate & Mortgage News

5/25/2024 | Posted in Toronto Real Estate by Bashar Mahfooth
SHARE

Move will open up housing options and build density ... More

Real Estate & Mortgage News

5/22/2024 | Posted in Mortgages and Real Estate by Bashar Mahfooth
SHARE

Canada’s banking watchdog warned that many homeowners who took out mortgages when rates were near zero during the pandemic will soon face a reckoning as those loans renew. ... More

Real Estate & Mortgage News

5/22/2024 | Posted in Government and Regulation by Bashar Mahfooth
SHARE

Toronto and Ottawa recently raised the fees despite a warning from Fraser that it would cut them off from future funds ... More

Real Estate & Mortgage News

5/22/2024 | Posted in Canadian Housing Market by Bashar Mahfooth
SHARE

Interest rates for builders and buyers playing into slowdown, putting dozens of housing projects on pause. ... More

Real Estate & Mortgage News

5/21/2024 | Posted in Canadian Economy and Interest Rates by Bashar Mahfooth
SHARE

Canada's headline inflation rate continued to ease in April, leaving the door open to a Bank of Canada rate cut next month. ... More

Real Estate & Mortgage News

5/21/2024 | Posted in Canadian Housing Market by Bashar Mahfooth
SHARE

The Teranet-National Bank composite house price index which tracks home prices in 11 of Canada's largest cities remained stable from March to April. ... More

Real Estate & Mortgage News
Ask Bashar Mahfooth

Thinking of buying or selling a property, or have a question regarding the real estate market? Fill out the form below and I'll get back to you promptly.