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What Oil Crash? Canadians Not Worried About Jobs, Housing Bubble
Tuesday, February 9, 2016
Canadians have lost some faith in the economy in the wake of the oil price crash, but a new survey suggests that isn't translating into worries about job security, nor concerns about a housing correction.
13 Mistakes Not to Make If You Ever Want to Sell Your Home
Thursday, February 4, 2016
If you plan to sell your home someday (and most people do), it's important to always consider the long-term consequences of short-term design decisions. Remember, when it comes to resale value, timeless trumps trendy every time. So, before you install a state-of-the-art sports court, invest in a luxury hot tub, or convert your garage into extra living space, keep in mind the following complaints home buyers often express about certain home enhancements.
GTA REALTORS® Release Monthly Resale Housing Figures
Wednesday, February 3, 2016
Toronto Real Estate Board President Mark McLean announced Greater Toronto Area REALTORS® reported 4,672 residential transactions through TREB's MLS® System in January 2016. This result represented an 8.2 per cent increase compared to January 2015.
Is it possible interest rates will stay low for the next 20 years?
Monday, February 1, 2016
Actuary: "It's almost a certainty" rates will stay low long term due to slow growth & demographics. Click For Video Interview.
9 Worth-Every-Penny Upgrades for Your Home
Monday, January 25, 2016
Cost-conscious, savvy homeowners know that doing the grunt work of home improvement projects cuts spending. It also results in a more beautiful and functional house. However, knowing exactly where to commit your hard-earned dollars isn’t the easiest task. So the team at BobVila.com has assembled some of the best picks for adding luxury, convenience, and efficiency to the most often used fixtures in the house.
Canadian real estate market outlook 2016
Thursday, January 21, 2016
If you could rewind 365 days to January 2015, would you short the Canadian real estate market? Given the predictions back then—of an imminent bubble burst and a housing market crash—hedging on real estate losses would’ve been a smart, speculative position. Of course, any active investors who did bet against the real estate market wouldn’t have done too well.
Bank of Canada maintains overnight rate target at 1/2 per cent
Wednesday, January 20, 2016
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent.
Toronto real estate group: 2016 could set sales record year, prices still rising
Monday, January 18, 2016
The Toronto Real Estate Board expects home sales in Canada's largest city will be strong in 2016 and may set a record.
You Will Live in Your Current Home for 10 Years and Other Surprising Facts
Monday, January 18, 2016
The Toronto Real Estate Board published the results of a survey of recent and intending home buyers which reveals some interesting insights about Toronto home owners and home buyers.
Real estate board predicts "policy ceiling" will curb Toronto homes prices
Monday, January 18, 2016
New federal mortgage rules are creating a "policy ceiling" that will curb Toronto's soaring house prices this year, measures that would be partly offset by another Bank of Canada rate cut, the local real estate board said in a new forecast.
Millennials set to drive change in real estate market
Saturday, January 2, 2016
They have the potential to be the biggest home-buying cohort in history — even bigger than their baby boomer parents.
Canadian housing market anticipating steady year in 2016
Wednesday, December 30, 2015
Several experts are predicting a steady year for the overall housing market in Canada in 2016, thanks to low interest rates and especially strong markets in Toronto and Vancouver.
Bay Street more concerned by household debt than home prices
Wednesday, December 30, 2015
Canada's top money managers are concerned by record household debt levels across the country, according to an informal BNN survey - yet few Bay Street veterans are bothered by rising home prices.
Canadian home sales climb further in November
Tuesday, December 15, 2015
According to statistics released today by The Canadian Real Estate Association (CREA), national home sales were up on a month-over-month basis in November 2015. The number of homes trading hands via MLS® Systems of Canadian real estate Boards and Associations rose by 1.8 percent in November 2015 compared to October to reach its highest monthly level in six years.
Finance minister announces down payment rule changes
Friday, December 11, 2015
New down payment rules will go into effective February 15, 2016. The minimum down payment for new insured mortgages will increase from 5% to 10% for the portion of the house price above $500,000.
Toronto sales set new record
Friday, December 4, 2015
Sales in the Greater Toronto Area were 14 per cent higher in November 2015 compared to a year earlier. The Toronto Real Estate Board says that the 7,385 sales through its MLS was a new record for the month. For the first 11 months of the year there were 96,401 sales, which is also a new record.
Canada faces house-price pickle in tighter-mortgage push
Friday, December 4, 2015
Canada's Finance Minister Bill Morneau faces a delicate decision on housing as his own officials push for tighter mortgage rules to cool Toronto and Vancouver real estate.
Ontario won't expand the municipal land transfer tax beyond Toronto's borders
Tuesday, December 1, 2015
After weeks of dithering, the Ontario government has ruled against expanding the municipal land transfer tax beyond Toronto's borders.
House prices could fall 26% if oil hits $35 and stays for 5 years: CMHC
Tuesday, December 1, 2015
There is a risk of a collapse in housing prices if oil falls to $35 US a barrel and remains there for five years, triggering unemployment of 12.5 per cent in Canada, according to Canada Mortgage and Housing Corporation.
Got a small mortgage? Why you'll likely get a lousy rate
Monday, November 23, 2015
Picture this: You spend 15 or 20 years slaving to pay down your mortgage. You've built up 80 per cent equity in your home and you have just five years left until it's free and clear. After all that effort, after all that built-up equity, you deserve the lowest mortgage rate around, right? Read More ...


Harvey Kalles Real Estate Ltd., Brokerage
2145 Avenue Road - Toronto, Ontario, M5M4B2
Phone 416-441-2888       Fax 416-441-9926

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