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News Centre
Younger Homebuyers Don't Want To Max Out On Their Mortgage Payments
Tuesday, September 9, 2014
Today's Gen X Canadians overwhelmingly consider themselves "House-Plus" buyers who want enough flexibility in the budget to afford things like travel after paying their monthly mortgage.
CMHC could force banks to pay deductibles on mortgage insurance
Monday, September 8, 2014
The Canada Mortgage and Housing Corp. is looking at a new formula to push some of its losses on to financial institutions, essentially forcing them to pay a deductible on mortgages insured with the Crown corporation before claims are paid, according to sources.
Canada building permits soar to record on Toronto, Vancouver condos
Monday, September 8, 2014
Canadian building permits jumped to a surprise record in July, led by Toronto and Vancouver condominiums and apartments, at a time when the central bank says high home prices and indebted consumers remain a key risk to the economy.
Toronto home prices still growing, with more gains to come
Thursday, September 4, 2014
A lukewarm summer didn’t cool off Toronto’s red hot housing market which remains in sellers’ territory, according to the city’s realtors.
Bank of Canada maintains overnight rate target at 1 per cent
Wednesday, September 3, 2014
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
House prices keep going up but they are more affordable thanks to cheap debt
Thursday, August 28, 2014
House prices keep going up in most parts of the country but affordability improved last quarter, according to one of the country’s major banks.
8 Mind-Blowing Numbers From Toronto’s Real Estate Market
Thursday, August 21, 2014
Is Canada’s real estate market a bubble? A number of groups are sounding the alarm. Over the past few months, several research organizations, including Fitch, Morningstar, Inc., and the International Monetary Fund have published reports warning about skyrocketing property valuations across the country.
Canadian housing market will cool in 2015 if interest rates rise: RBC
Wednesday, August 20, 2014
TORONTO - RBC Economics says higher interest rates will put a strain on the Canadian housing market in 2015 and "substantially" moderate prices increases.
City vs suburbs: What lifestyle will cost you more?
Monday, August 18, 2014
Two-thirds of Canadians now live in the suburbs, but the lifestyle could end up costing you more in the long run.
Weisleder: Real estate to crash? Not by these yardsticks
Friday, August 15, 2014
Rumours GTA houses are overvalued, and Toronto's condo market saturated, have again resurfaced. But cheap money and demand have kept prices rising, sales moving
Canadian home sales edge higher in July
Friday, August 15, 2014
According to statistics released today by The Canadian Real Estate Association (CREA), national home sales activity edged up almost one per cent in July 2014 from the previous month.
Canadian housing starts rise in July, bucking forecasts
Monday, August 11, 2014
Canadian housing starts bucked forecasts and rose in July, data on Monday showed, but analysts said the recent resumption of the housing market's upward drive is likely to falter if mortgage rates rise as expected heading into 2015.
Canada's housing market surprises again, led by robust single-family-home starts
Monday, August 11, 2014
Most economists and the central bank have predicted that rising prices and near-record debt loads would curb demand for housing. Instead, home resales, prices and starts have climbed after a tough winter
17% of condo owners in Toronto, Vancouver bought for investment
Friday, August 8, 2014
Almost one out of five condominium owners in Toronto and Vancouver have bought another unit in order to use as an investment, according to a new Canada Mortgage and Housing Corporation (CMHC) survey.
Missing condo-fee payments could lead to mortgage default
Tuesday, August 5, 2014
Payment of the monthly condominium fee is mandatory, or consequences may result.
Condo sales, construction set records downtown
Saturday, August 2, 2014
New condo sales in the GTA are up 33 per cent from last year. So far this year, there have been 37 new highrise projects launched for sales across the region — a total of 7,588 new condo units.
Toronto's real estate market is so hot, investors don't want to touch it
Thursday, July 24, 2014
Scott Baker has a rarefied view of Toronto's real estate market. "We tend to look at it from 40,000 feet."
Canada's richest neighbourhoods 2014: The top 10
Wednesday, July 23, 2014
Just like everyone else, Canada’s wealthiest families are looking for three things in a home: location, location, location. Canadian Business magazine partnered with market research firm Environics Analytics to map out exactly where Canada’s wealthiest people live. Unsurprisingly, they flock together, choosing leafy enclaves where they can spread out to make room for wine cellars, art collections, luxury cars and more.
Don't hire just any home inspector
Friday, July 18, 2014
They are must-have advisors when buying a house, and their reports can be useful for years. But in Ontario anyone can call themselves home inspector so choose one with care.
Buoyant mood keeps Toronto housing market brisk
Thursday, July 17, 2014
The mood in Toronto's housing market is remaining buoyant this summer as buyers and sellers both appear to be full of brio.

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

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