Buyers can’t get out of home purchase contracts because of COVID-19 “Force majeure” get-out clause doesn’t automatically apply to real estate contracts during pandemic, even if you lose income and no longer want to buy If you’re in the process of buying a home but have lost income due to COVID-19, don’t assume that you’ll be able to get out...
Bully bidders run rampant in Toronto’s housing market as prices escalate FRED LUM/THE GLOBE AND MAIL Real estate agents in Toronto and the surrounding suburbs say rapidly escalating house prices are pushing some buyers onto the sidelines and forcing others to change strategies. They’re also watching to see if the spread of the coronavirus will change the market dynamics. For...
Canada's Mortgage Stress Test Gets Easier To Pass Amid Soaring House Prices It was already probably going to be a hot spring housing market. Now it will be even hotter. 02/18/2020 By Daniel Tencer MONTREAL ― What was expected to be a hot spring housing market in Canada looks set to be a little bit hotter following the federal...
Mississauga’s Square One Shopping Centre to Become the Largest Mixed-Use Development in Canadian History By Craig Patterson Landlord Oxford Properties has revealed details on a groundbreaking development that will transform the area around Mississauga’s Square One shopping centre into the largest mixed-use development in Canadian history. The massive ‘Square One District’ project will see thousands of residential units added to...
The 5 most common mistakes of first-time homebuyers By Camilla Cornell SPECIAL TO THE STAR Mon., Jan. 20, 2020 timer: 2 min. read Feeling excited and a little overwhelmed at the thought of buying a home? You’re not alone — for most Canadians, this is the biggest purchase they will ever make, so it’s important to get it right. Read on...
“Sizzling” Mississauga, Brampton Housing Markets Lack Inventory Toronto Storeys - torontostoreys.com Mississauga and Brampton both continue to enjoy booming housing markets that are hampered by a continual lack of housing inventory.That’s one of the key takeaways for potential Peel Region homebuyers from the latest data released by the Toronto Real Estate Board (TREB). Across the GTA, realtors reported 8,491 residential sales through...
Average Mississauga condo price jumps nearly 20 per cent in 12 months NEWS Dec 10, 2019 by Graeme Frisque - Mississauga News The average price for a condo in Mississauga has climbed nearly 20 per cent in just 12 months. The average price for condos in Canada’s sixth-largest city has grown significantly over the past year to more than $500,000 per unit....
Six real estate trends to watch for in 2020 Thankfully, success in real estate doesn’t require an ability to predict the future. But having an idea where the market is heading is critical to making the right decisions. PropertyGuys.com recently released a list of six trends that the company feels will have a lasting, potentially transformative effect on Canada’s real...
RE/MAX Ontario Housing Market Outlook Average home price expected to rise by 3.7% next year • Increased consumer confidence could be a key factor affecting the housing market in 2020 • 51% of Canadians are considering a home purchase in the next five years, up from 36% at the same time last year • Only two in 10 Canadians say...
By Bob Aaron Contributing Columnist Thu., Dec. 5, 2019 This past year’s GTA real estate market may become known as the year of aborted transactions. Speaking to hundreds of real estate lawyers, both in person and online at a Law Society of Ontario seminar last month, Toronto lawyer Harry Herskowitz told of the “rapid and significant” decline in the GTA housing...
