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Average price of detached GTA house out of reach for many
Saturday, April 30, 2016
Demand for housing far outstrips supply, and more lowrise homes are needed. Supply of houses in the GTA is not able to keep pace with demand due to government intensification policies and a lack of serviced developable land.
Foreign buyers create real estate bubble risk
Friday, April 29, 2016
The federal government’s housing agency says the majority of Canada’s large housing markets are overvalued. The agency especially warns that Vancouver’s housing market it too hot.
Millennials Aren't Rushing To Buy, BMO Says
Thursday, April 28, 2016
People view buying a home as a milestone. It's a time to offer hearty congratulations, to give gifts and hold housewarming parties. Millennials, however, see a home as more of an investment than a turning point in their lives. And according to the Bank of Montreal (BMO), they're putting off the decision to buy until they feel it's the right time.
What CMHC says about every major housing market in Canada
Thursday, April 28, 2016
National agency cites troubling conditions in 10 cities
The three faces of Canada's increasingly strange housing market
Monday, April 25, 2016
Housing has split three ways in Canada: bubbly in Toronto and Vancouver, decline in the oilpatch and normal everywhere else.
Will the Latest Canadian Inflation Data Affect Our Mortgage Rates?
Monday, April 25, 2016
Last week was a slow one for economic news but we did receive our latest inflation data, for March. How does it affect mortgage rates in short term?
Spring housing market 'a whole other level of insanity'
Saturday, April 23, 2016
With the sun shining on Toronto real estate, agents and buyers are braced for a break-neck season. What's the difference between the spring of 2016 and the Toronto housing market a year ago?
Real Estate Report Offers Reason Why Canadians Don't Want To Sell Their Homes
Thursday, April 21, 2016
A new report suggests the red hot real estate markets in Vancouver and Toronto are discouraging some potential sellers from listing their homes because they're afraid of becoming buyers themselves.
Real estate markets near Toronto, Vancouver seeing outsize growth in prices
Thursday, April 21, 2016
Housing in Canada’s largest city continues to be a seven-figure proposition for even an average home, sending more and more people into satellite cities in search of better deals.
Canadians close to retirement getting tempted to sell, new data suggests
Thursday, April 21, 2016
A new poll commissioned by Re/Max suggests a majority of Canadians nearing retirement are thinking about selling their home so they can get access to the equity.
The Most Millennial-Friendly Housing Markets In Canada
Wednesday, April 20, 2016
Millennials, please adjust your homebuying aspirations. Your targets are a little off, so we've assembled Canada's most millennial friendly housing markets to help you.
A $1-million home is not the luxury it used to be in Toronto, Vancouver
Sunday, April 17, 2016
A major real estate firm plans to reclassify what constitutes luxury, saying that the current standard – $1-million or above – no longer makes sense in markets like Toronto and Vancouver, where detached homes routinely sell for more.
Canadian home sales set record in March
Friday, April 15, 2016
According to statistics released today by The Canadian Real Estate Association (CREA), national home sales posted their third monthly increase and broke all previous monthly records.
CMHC releases report on foreign ownership
Thursday, April 7, 2016
The Crown Corporation released its latest Housing Markets Insight Report Thursday, which focuses on the foreign investment
Foreign buyers flocking to Toronto's downtown condo market
Thursday, April 7, 2016
The number of foreign investors in the Toronto region's condo market surged 50 per cent last year, with international buyers flocking to newly built units in the downtown core.
Will townhomes rule Toronto?
Thursday, April 7, 2016
The price gap between GTA condominium apartments and fully-detached homes is widening, making it difficult for first-time buyers to get into the market.
Toronto home sales break record
Tuesday, April 5, 2016
Strong March home sales figures help push Q1 transactions to record high
GTA REALTORS® Release Monthly Resale Housing Figures
Tuesday, April 5, 2016
Toronto Real Estate Board President Mark McLean announced record TREB MLS® home sales for the first quarter of 2016 following a strong result for March transactions. There were 10,326 sales in March and 22,575 sales in the first quarter.
National Bank fires back at fears of 'recklessness' in Vancouver and Toronto housing | BNN - Watch TV Online
Wednesday, March 30, 2016
National Bank Financial is dousing fears of a housing bubble in Canada. The bank's chief economist says “alarmists” are failing to recognize the fundamentals driving home price-growth. Specifically, the bank points out the working-age population is surging in Toronto and Vancouver, which helps support rising home values. BNN's Greg Bonnell joins us with Mark McLean, president of the Toronto Real Estate Board.
Debt and real estate go hand in hand in new Equifax, Teranet partnership to assess homeowners' credit worthiness
Tuesday, March 29, 2016
Debt and real estate may be the perfect marriage these days, so it should come as no surprise that credit rating agency Equifax Canada and land registry company Teranet Enterprises Inc. are partnering up.

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

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