Canadian Real Estate

Housing Speculation An Addiction Canada's Economy Can't Kick

Wolf Richter | Posted 04.17.2017 | Canada Business
Wolf Richter

The entire economy - including government revenues and thereby the services offered by these governments - depends on wild property speculation. And everyone is praying that it can somehow be maintained.

Does Canada Have An Empty Homes Problem?

Ben Myers | Posted 03.20.2017 | Canada Business
Ben Myers

Every five years, statisticians, analysts and economists eagerly await the slow release of Census data by Statistics Canada. In early February the population and dwelling count tables were released. The figures that immediately caught the attention of the public was the difference between the total dwellings and dwellings "occupied by usual residents."

20 Toronto Neighbourhoods Where Townhouses Are Still Affordable

Lauren Haw | Posted 02.13.2017 | Canada Business
Lauren Haw

According to various forecasts, Toronto is poised to be the hottest real estate market of 2017 -- and it's well on its way to scorching, if January nu...

'Small But Sweet' - The Home-Buying Mantra Of 2017?

YPNextHome | Posted 01.23.2017 | Canada Business

As the saying goes, good things come in small packages. In fact, this may be the mantra for many homebuyers in 2017, given the steady rise in real estate prices. National housing affordability hit an eight-year low in the third quarter of 2016, according to the latest Housing Trends and Affordability Report issued by RBC Economics Research.

What Makes Someone Become A NIMBY?

YPNextHome | Posted 11.18.2016 | Canada Business

NIMBYism isn't just about anti-development. It can be viewed as "anti-change," and its ripple effect is far-reaching. What happens when cities stop attracting new residents and business? Let's just say that aging populations and infrastructure typically do not support growth.

Here's How Not To Sell Your Home This Fall

YPNextHome | Posted 11.14.2016 | Canada Business

Regardless of your reasons for selling your home, success starts with a great first impression. Having recently bought and sold my own home, I quickly discovered that smart sellers learn from someone else's mistakes rather than their own.

American House-Hunters In Canada Haven't Done Their Homework

The Huffington Post Canada | Jesse Ferreras | Posted 11.11.2016 | Canada Business

Anything in Toronto with an ocean view?

Building A National Housing Strategy Is Easier Said Than Done

YPNextHome | Posted 11.01.2016 | Canada Business

The next several weeks are crucial in Canada's housing market. Ottawa's Let's Talk Housing initiative wrapped up consultations in late October, and is now working toward tabling the results on Nov. 22. But for anyone expecting a full-on housing policy on that date -- best not hold your breath.

Real Estate Investors Should Put Office Condos On Their Radar

YPNextHome | Posted 10.17.2016 | Canada Business

Toronto has established itself as a hot market for residential condos, but more recently, the office-condo trend has started to make waves through the city, potentially becoming the next big investment opportunity.

Canada Depends On Real Estate Like The U.S. Did Before It Crashed

The Huffington Post Canada | Jesse Ferreras | Posted 10.05.2016 | Canada Business

What came next was terrible.

New Mortgage Rules Keep Canadians Safe From Housing Crash

YPNextHome | Posted 10.05.2016 | Canada Business

Under the new mortgage rules, which take effect on Oct. 17, all new insured mortgages must qualify for the amount at a rate of 4.64 per cent, which is an average of the big banks' current posted mortgage rates. This is the case even if the rate offered by your lender is lower.

Canadian Homes You Can Buy With A Median Income

The Huffington Post Canada | Jesse Ferreras | Posted 09.18.2016 | Canada Business

Buying a home with a median income isn't an impossible task.

Canadian Homes Are Cheaper Than 6 Years Ago. If You're American.

The Huffington Post Canada | Jesse Ferreras | Posted 09.16.2016 | Canada Business

Or Chinese.

Forget The 'Canadian' Housing Market – It Doesn't Exist

YPNextHome | Posted 08.19.2016 | Canada Business

When you buy a home, you don't buy a national market, or even a provincial, regional or municipal one. You buy one property in a local market. What's happening in your area could be completely different from that in another province, or certainly at the other end of the country.

P.E.I. Mansion Sells For Island Record After 8 Years On The Market

CP | The Canadian Press | Posted 08.03.2016 | Canada Business

The agent said it's possible the home was originally overpriced.

What Affordable Housing Means And Why It's Important

The Team | Posted 07.14.2016 | Canada Business
The Team

Many Canadians are experiencing difficulties finding a place to live within their budget in neighbourhoods they have lived in for years, and the problem is only getting worse.

New City-Specific Housing Policies Could Hit Canada's Hottest Markets

YPNextHome | Posted 07.04.2016 | Canada Business

When Canadians return from celebrating the Canada Day long weekend, they can expect early July to be hot with discussion of potential changes in mortgage regulations and housing policy. Again. Only this time, the changes could have some real teeth to them.

Blame Canadians, Not Foreign Money, For 'Housing Bubble': Report

The Huffington Post Canada | Jesse Ferreras | Posted 06.21.2016 | Canada Business

"This is a bubble. A very big bubble. And it is going to end in tears."

Don't Let Real Estate FOMO Set You Up For An Ugly Bankruptcy

Douglas Hoyes | Posted 06.15.2016 | Canada Business
Douglas Hoyes

Real estate agents can talk about the upside of buying right now, but they don't explain the downside of carrying massive debt. Yes, you may build some equity if you purchase a home, but if you've mortgaged 90 per cent of it, very little of your payments in your first five to 10 years will go towards repaying principal.

Think This Home's Worth $2.1 Million? Wait Till You See Inside

The Huffington Post Canada | Posted 06.09.2016 | Canada British Columbia

And how about that ocean-side view?

Feds Not Taking Real Estate Money Laundering Seriously: Critics

CP | Alexandra Posadzki | Posted 05.25.2016 | Canada Business

"The government should not be taking a lax approach to these practices."

Millennials: Buying A Home ASAP Is Worth It In The Long Run

Samantha Brookes | Posted 04.22.2017 | Canada Business
Samantha Brookes

Thirty-six is the new 30 for first-time home buyers in Canada -- meaning that the average age of current home buyers is 36, while the majority of current home owners bought their place before they were 30. Considering that millennials are typically 25 to 34 years old, many are left asking the question: are millennials buying homes?

Canada's House Prices 10 Years From Now, If This Keeps Up

The Huffington Post Canada | Daniel Tencer and Jesse Ferreras | Posted 02.09.2017 | Canada Business

You don't even want to see what it will cost you to upgrade from a condo to a house.

Read Beyond The Fairy Tales About Canada's Housing Market

Ross Kay | Posted 04.05.2017 | Canada Business
Ross Kay

The problem the housing bears have had is they are reading the same fairy tales about Canada's housing market that the housing bulls continue to suggest all Canadians keep reading. It's time to stop turning the pages and start reading what the words are really saying.

March Madness: Canada's Fastest-Growing Real Estate Markets

YPNextHome | Posted 03.19.2017 | Canada Business

In the spirit of the NCAA March Madness basketball tournament, YPNextHome put together our own bracket of championship housing markets across Canada. It's East versus West, as city market takes on city market to determine the eventual Canadian slam-dunk champion.