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New Ontario real estate rules to take some of the nuttiness out of bidding wars
Friday, March 27, 2015
With interest rates still rock-bottom and bidding wars turning post-war bungalows into million-dollar properties, the Ontario government is bringing in new rules to crack down on unethical real estate agents that try to pump up housing prices with “phantom” offers.
TD chief plays down concerns over Canada's housing market
Friday, March 27, 2015
Despite apprehension from the IMF and the Bank of Canada, Bharat Masrani rejects the suggestion that regulators might have to step in.
Bank of Canada says rate cut bought time, suggests April move unlikely
Thursday, March 26, 2015
LONDON (Reuters) - The Bank of Canada's January interest rate cut has bought it time to examine the effects of cheap oil on the economy, Governor Stephen Poloz said on Thursday in remarks that could signal the bank will hold rates steady next month.
Vancouver home prices will climb to $2.1 million by 2030: report
Thursday, March 26, 2015
A new housing report from the VanCity Credit Union says the average house price in Vancouver will climb to $2.1 million within 15 years.
Toronto's record house prices to rise further by 2017
Wednesday, March 25, 2015
Toronto’s record house prices could soar a further 17 per cent by the end of 2017 as the lack of supply in the face of unrelenting demand continues to drive prices far beyond the rate of inflation, says the chief economist of Central 1 credit union.
Seven mistakes Millennials make when buying real estate
Wednesday, March 25, 2015
You've cut back on lattes, taken a soul-crushing job on Burrard Street or 2nd Street SW, and borrowed from mom and dad. Congrats! You're ready to put down a chunk of cash to cover the 20% downpayment on a property. But don't make newbie mistakes ...
Price gap between condos and new houses in Toronto soars
Monday, March 23, 2015
In a sign of things to come as Toronto's spring housing market heats up, the gap between the price of a new house and a new condo skyrocketed to nearly $300,000 in February.
How much money you need to make to buy a house in your city
Friday, March 20, 2015
How high does your income need to be to buy a home in Canada? The salary range is wide: In Trois-Rivières, your salary would need to be $39,379 to buy a home, while in West Vancouver your income would need to be $320,932.
The Present State of Real Estate in Canada
Thursday, March 19, 2015
This year promises to be particularly exciting for real estate investors. For the first time in many years, we may actually see the interest rates creep up from their historical lows.
Ottawa not planning 'immediate action' on housing market, Harper says
Wednesday, March 18, 2015
Prime Minister Stephen Harper says Ottawa is not planning any "immediate action" related to the Canadian housing market, though he acknowledges his government is watching developments closely.
Canadian existing homes sales rose in February: CREA
Friday, March 13, 2015
Sales of existing homes in Canada rose in February from January as gains in the biggest markets of Toronto and Vancouver offset a faltering market everywhere else, the Canadian Real Estate Association said on Friday.
CREA Updates and Extends Resale Housing Forecast
Friday, March 13, 2015
The further decline in oil prices since CREA’s last forecast has shaken consumer confidence in the Prairies, pushing potential homebuyers to the sidelines and prompting more homeowners to put their home on the market. This has led to a rapid shift in market balance in Alberta, and to a lesser extent, Saskatchewan. Annual sales in these provinces are expected to come in well below elevated levels posted last year, with small declines in average residential prices in 2015.
Canadian home sales edge up in February
Friday, March 13, 2015
Ottawa, ON, March 13, 2015- According to statistics released today by The Canadian Real Estate Association (CREA), national home sales activity edged up slightly on month-over-month basis in February 2015.
Bank of Canada economist signals Fed hike may not be matched
Thursday, March 12, 2015
Do not count on the Bank of Canada to match possible interest rate hikes by the U.S. Federal Reserve, one of the Canadian central bank's economists suggested on Thursday.
Canadian housing: 'There have clearly been corrections in progress'
Thursday, March 12, 2015
Canadian house prices may be up for the second month in a row, but a key report warns that “there have clearly been corrections” in some markets.
Canada's debt-to-income ratio hits fresh record: StatsCan
Thursday, March 12, 2015
Canadian consumers continue to rack up record debt despite concerns about the health of the economy, according to recent data released by Statistics Canada.
RBC CEO David McKay bullish on Canadian housing
Wednesday, March 11, 2015
Royal Bank of Canada's chief executive officer delivered an upbeat view of the Canadian housing market to a New York audience, just a day after the International Monetary Fund expressed concerns about it.
Canadian housing starts plunge in Feb to weakest since 2009
Monday, March 9, 2015
TORONTO (Reuters) - Canadian housing starts plunged to their weakest level since 2009 in February, a drop blamed partly on severe winter weather that nonetheless added to fears Canada's post-recession housing boom will stall this year.
Major cities post massive February sales growth
Thursday, March 5, 2015
Homebuyers and investors in Canada’s largest cities are wising up to the fact that home prices aren’t about to tumble, sending February sales through the roof.
Bank of Canada says January cut did its job, holds rates steady
Wednesday, March 4, 2015
OTTAWA (Reuters) - The Bank of Canada held interest rates steady on Wednesday, in line with indications it sent out over the past two weeks, signaling it was satisfied with how markets and the economy have reacted to its surprise rate cut in January.


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

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