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GTA REALTORS® Release Monthly Resale Housing Figures
Monday, October 5, 2015
Toronto Real Estate Board President Mark McLean announced that Greater Toronto Area REALTORS® reported a record number of transactions for the month of September through TREB’s MLS® System. There was a combined 8,200 home sales reported for September 2015. This result was up 2.5 per cent compared to September 2014.
Low-rise housing supply continues to slide
Thursday, September 24, 2015
The supply of new low-rise homes continued to decline across the GTA in August, the Building Industry and Land Development Association (BILD) announced today.
CREA Updates Resale Housing Forecast
Tuesday, September 15, 2015
The Canadian Real Estate Association (CREA) has updated its forecast for home sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate Boards and Associations for 2015 and 2016.
Canadian home sales little changed in August
Tuesday, September 15, 2015
According to statistics released today by The Canadian Real Estate Association (CREA), national home sales activity posted a small month-over-month increase in August 2015.
Bank of Canada maintains overnight rate target at 1/2 per cent
Wednesday, September 9, 2015
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.
Bank of Canada will cut interest rates again on Sept. 9, National Bank predicts
Wednesday, August 26, 2015
The Bank of Canada will cut interest rates at its Sept. 9 meeting, National Bank Financial says, becoming the first major bank to call for a cut amid signs market turmoil threatens an economic recovery.
Canadian debt levels rising with home prices, but mortgage rules helping to manage risks: BoC deputy
Tuesday, August 25, 2015
Rising home prices have increased household debt levels, but steps taken by regulators to tighten mortgage lending rules have helped manage the associated risks, according to the Bank of Canada.
Housing activity will slow 'modestly' in 2016 as interest rates rise: RBC report
Thursday, August 20, 2015
Activity in Canada's real estate market will slow "modestly" next year as interest rates begin to rise, according to a new report from RBC Economics.
CREA Welcomes Proposal to Restore Strength of Home Buyers' Plan
Wednesday, August 12, 2015
Ottawa, ON, August 12, 2015 - The Canadian Real Estate Association (CREA), on behalf of its 110,00 REALTOR® members across the country, welcomes today’s announcement by Prime Minister Stephen Harper to increase the Home Buyers’ Plan (HBP) withdrawal limit from $25 000 to $35 000.
Toronto's condo market: Higher and pricier
Thursday, August 6, 2015
Toronto’s condo market, a source of concern among bubble-ologists, is pushing ever higher, driven by millennials and newly-arrived Canadians.
TD warns of 'vulnerability' of frothy Toronto, Vancouver home markets
Friday, July 31, 2015
Toronto-Dominion Bank is flashing “cautionary yellow” warning signals about the frothy nature of the Toronto and Vancouver housing markets.
CMHC to consider 100 per cent rental income in loan applications
Tuesday, July 28, 2015
The rules surrounding the income from rental units considered in home loan applications submitted to the Canada Mortgage and Housing Corporation are changing.
Home buyers and builders face different risks with same market issues
Friday, July 24, 2015
Interest rates have an impact on the GTA housing market in more ways than many people may realize.
New high-rise sales in the GTA bounce back in June after months of declines: RealNet
Thursday, July 23, 2015
June proved to be a busy month for the new housing market with RealNet Canada reporting an increase in both sales and prices. According to numbers released Wednesday, the surge wasn’t just limited to low-rise homes, which have typically outperformed the new condo market in recent months.
Canadian home sales edge lower but remain strong in June
Wednesday, July 15, 2015
According to statistics released today by The Canadian Real Estate Association (CREA), national home sales activity edged slightly lower on a month-over-month basis in June 2015.
Bank of Canada lowers overnight rate target to 1/2 per cent
Wednesday, July 15, 2015
The Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of one percentage point to 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent.
Record smashed in Steel Town
Tuesday, July 7, 2015
Property listings continue to fly off the shelf in what many are calling Ontario’s hottest market for brokers – a stone’s throw from the GTA.
Low borrowing rates spur Canadians to add to mortgage debt in May
Tuesday, June 30, 2015
Canadians added to their mortgage debt amid continued bargain-basement borrowing rates in May, but the overall trend in household debt continued its recent moderation in the month, new Bank of Canada statistics show.
These are the best cities for property investment in Canada
Monday, June 22, 2015
A new report suggests that property investors should look outside the biggest housing markets for better returns on their money.
Drawing Conclusions: How much does it cost to break a mortgage?
Thursday, June 11, 2015
Personal finance expert Preet Banerjee explains the two formulas you need to know: Three Months' Interest and Interest Rate Differential (IRD)

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

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