2/24/2021 | Posted in Canadian Housing Market by Ron Hyde
SHARE
Canada's top central banker said Tuesday that the economy would continue to need monetary stimulus, likely until 2023, even though there are already signs it could be ... More

2/14/2021 | Posted in Home Buyers by Ron Hyde
SHARE
The share of renters who are planning to buy has quadrupled, and what they want to buy is changing. ... More

2/12/2021 | Posted in Home Buyers by Ron Hyde
SHARE
Immigration to Canada fell to the lowest level since 1998. ... More

2/4/2021 | Posted in Home Buyers by Ron Hyde
SHARE
Got 34 years to save up for a house? The threshold every buyer has to meet to own a home ― the minimum down payment ― has reached Canada’s highest level on ... More

2/2/2021 | Posted in Canadian Housing Market by Ron Hyde
SHARE
Despite quickly rising home prices and the uncertainty unleashed by the COVID-19 pandemic, a majority (80%) of Canadians still believe home ownership is a good investment. ... More

2/2/2021 | Posted in Mortgage Interest Rates by Ron Hyde
SHARE
While Canada’s economy recorded its largest-ever annual drop of 5.1% last year, it’s also on track to post a comeback in Q4, which could force the Bank of ... More

2/2/2021 | Posted in Mortgages and Real Estate by Ron Hyde
SHARE
Lenders "have never seen as many as they have now". ... More

1/27/2021 | Posted in Home Buyers by Ron Hyde
SHARE
Plan ahead when buying a home to save yourself time and stress. ... More

1/20/2021 | Posted in Mortgages and Real Estate by Ron Hyde
SHARE
Canadian Mortgage Debt Increased 7.4% in November compared to a year earlier, pushing total up to nearly $1.66 trillion, according to StatsCan. ... More

1/11/2021 | Posted in Canadian Housing Market by Ron Hyde
SHARE
Affordability and space limitations continue to impact purchase decisions as only 14% of Canadians polled would consider buying a home in a major metropolitan area. ... More

12/21/2020 | Posted in GTA Real Estate by Ron Hyde
SHARE
People ditched their condos, there was an exodus to the suburbs and an uptick in home renovations ... More

10/3/2020 | Posted in GTA Real Estate by Ron Hyde
SHARE
There is an alarming trend that is quite rampant in the Toronto area, and it’s causing havoc on real estate transactions. Perhaps other cities in Canada are experiencing the ... More

9/28/2020 | Posted in Home Buyers by Ron Hyde
SHARE
In light of the past six months of COVID-19-triggered uncertainty, home sales in Canada have been shockingly brisk as a combination of FOMO and low interest rates keep drawing ... More

9/22/2020 | Posted in New Developments by Ron Hyde
SHARE
Shortages for lumber and other building materials are driving up construction costs this year. ... More

9/18/2020 | Posted in Home Buyers by Ron Hyde
SHARE
Record-low interest rates appear to be a major factor. ... More

8/12/2020 | Posted in Canadian Economy and Housing Market by Ron Hyde
SHARE
The head of Canada’s housing authority implored the nation’s lenders to “reconsider” offering mortgages to highly leveraged households, saying excessive ... More

8/10/2020 | Posted in Mortgage News by Ron Hyde
SHARE
Effective this week, it gets a little easier to buy a house or refinance. ... More

7/13/2020 | Posted in Mortgages and Real Estate by Ron Hyde
SHARE
Renewal and refinance activity has spiked since lockdowns were lifted according to a recent report. ... More

7/9/2020 | Posted in Canadian Housing Market Predictions by Ron Hyde
SHARE
Strong June home sales data from Toronto and Vancouver finally gave wary homebuyers and industry professionals the dose of good news that they’d sorely needed. ... More

6/30/2020 | Posted in Mortgages and Real Estate by Ron Hyde
SHARE
While mortgage rates have been tumbling steadily over the last couple of months, many are now in record-setting territory, with certain 1- to 5-year fixed rates now available for ... More

6/23/2020 | Posted in Mortgage Interest Rates by Ron Hyde
SHARE
Low interest rates will be the norm for the foreseeable future, Bank of Canada Governor Tiff Macklem said earlier this week. ... More

6/12/2020 | Posted in Mortgages and Real Estate by Ron Hyde
SHARE
Many Canadians will attempt to purchase new homes before the adjusted rules take effect on July 1. ... More

6/4/2020 | Posted in Home Buyers by Ron Hyde
SHARE
Canada’s housing agency is tightening rules to make it more difficult for higher-risk borrowers to qualify for mortgage insurance. ... More

5/24/2020 | Posted in Home Buyers by Ron Hyde
SHARE
The Bank of Canada is set to reduce its qualifying rate ten basis points, from 5.04 to 4.94 percent according a new report. ... More

5/16/2020 | Posted in Canadian Economy and Housing Market by Ron Hyde
SHARE
Thanks to a reduction in some Big-Bank posted rates in recent days, Canada’s mortgage stress test rate will fall as early as next week. ... More

3/31/2020 | Posted in Mortgage Interest Rates by Ron Hyde
SHARE
Canada’s mortgage rates are creeping up even though the country’s central bank has slashed borrowing costs to combat the COVID-19 pandemic. ... More

3/18/2020 | Posted in Mortgage News by Ron Hyde
SHARE
Canada’s largest banks are coordinating their approach to the COVID-19 coronavirus outbreak to protect their employees and customers. ... More

2/19/2020 | Posted in Mortgages and Real Estate by Ron Hyde
SHARE
The Office of the Superintendent of Financial Institutions (OSFI) has announced that it is considering a new benchmark rate to determine the minimum qualifying rate for uninsured ... More

2/10/2020 | Posted in GTA Real Estate by Ron Hyde
SHARE
Mortgage stress test forces homebuyers further outside GTA to find house they can afford. ... More

1/3/2020 | Posted in Home Buyers by Ron Hyde
SHARE
Have you decided to purchase a new condo? Consider these things to ensure you understand your rights as a new home buyer. ... More


Thinking of buying or selling a property, or have a question regarding the real estate market? Fill out the form below and I'll get back to you promptly.