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CMHC mortgage defaults still low, claims paid in first quarter drop by $9 million
Friday, May 29, 2015
Canada Mortgage and Housing Corporation says its first-quarter results show its portfolio remains strong in the wake of a continued housing boom in some parts of the country.
Ontario Increasing Protections for Condo Owners
Wednesday, May 27, 2015
Ontario is introducing new legislation to increase protections for condominium owners, improve how condo corporations are run, and ensure that condo boards are governed professionally.
Finance minister addresses housing bubble fears
Wednesday, May 20, 2015
Canada’s finance minister says the country’s real estate market has avoided the so-called bubble, with many markets already experiencing a soft landing.
Looming housing problem needs action from Ottawa, study says
Tuesday, May 19, 2015
The country has a looming housing problem that is going to require action from all levels of government, according to a new report from the Federation of Canadian Municipalities.
Canadian home sales up again in April
Friday, May 15, 2015
Ottawa, ON, May 15, 2015- According to statistics released today by The Canadian Real Estate Association (CREA), national home sales activity posted a third consecutive month-over-month increase in April 2015.
No risk of housing 'bubble': Poloz
Tuesday, April 28, 2015
The Bank of Canada’s top brass assured a parliamentary committee that Canada’s bloated housing market has not become a risky asset bubble, despite the central bank’s own calculation that house prices nationwide are roughly 20 per cent overvalued.“We don’t believe we’re in a bubble,” Bank of Canada Governor Stephen Poloz said in testimony Tuesday to the House of Commons Standing Committee on Finance.
What Every Canadian Borrower Needs To Know About Fixed-Rate Mortgage Penalties
Monday, April 27, 2015
Fixed-rate penalties are of particular importance in the current interest-rate environment because the differences in the methods used to calculate them are actually more pronounced when fixed-mortgage rates stay flat or rise slightly over an extended period – exactly the scenario that many experts predict will unfold in the coming years.
How to turn your mortgage into a tax advantage
Friday, April 24, 2015
Unlike our neighbours to the south, mortgage interest on a principal residence in Canada is not tax deductible, well, at least not without some elaborate tax planning.
Real Estate Watch: Are you better off investing in an apartment REIT or a condo? RBC makes the call
Wednesday, April 22, 2015
When it comes to the endless examination of Canada’s housing market, nothing stirs up as much passion on both sides of the debate as the condo investor (or condo speculator depending on your point of view).
Federal Budget 2015 holds off on new measures to cool housing
Wednesday, April 22, 2015
Household debt reached record levels in the last quarter, according to Statistics Canada, but Ottawa says our appetite for credit, driven by home ownership, has stabilized.
Average Canadian home price is $440K - what will that buy?
Saturday, April 18, 2015
The real estate market continues to be hot, with the average price for a home in Canada reaching a record high in March. But what does that mean for home buyers across the country?
BC market booms in March helped by Alberta's woes
Friday, April 17, 2015
While Alberta's economic concerns over the oil industry continue it seems that the situation is good news for neighbours in British Columbia.
Home sales up nearly 40% in this Canadian city
Friday, April 17, 2015
A total of 9,101 residential unit sales were recorded in Vancouver in March, up 37.6 per cent year-over-year, according to new figures.
The Toronto market will land when…
Friday, April 17, 2015
Prices and sales in Canada’s two hottest markets all but rule out the possibility that they’re on the verge of the soft landing gripping much of the country.
Investment returns stable in all Canadian markets – except one
Friday, April 17, 2015
Real estate markets in Canada are seeing overall stability with respect to investment returns, says a new report – except in one province.
Canadian house prices headed up: Re/Max
Friday, April 17, 2015
With spring market now in full swing, it seems everyone is weighing in on the state of the housing market and wondering how much higher Vancouver and Toronto prices can go.
Bank economists point to interest rate changes
Friday, April 17, 2015
Brokers now know what the immediate future holds for interest rates, but what can they expect in the long-term? Several big bank economists weigh in.
Bank of Canada considers more-dire housing outlook
Thursday, April 16, 2015
A soft landing for the housing market is still the most likely scenario, according to the Bank of Canada, but it is still wary of a more disastrous correction.
Toronto housing market surges during first quarter of 2015
Wednesday, April 15, 2015
TORONTO, April 15, 2015 /CNW/ - The Royal LePage House Price Survey released today showed sizable year-over-year price appreciation in the first quarter for all housing types in Toronto.
Canadian home sales climb in March
Wednesday, April 15, 2015
According to statistics released today by The Canadian Real Estate Association (CREA), national home sales activity was up on month-over-month basis in March 2015.


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

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