ITRealty Real Estate News & Market Trends

More interest rate cuts imminent in Canada’s coronavirus response: RBC; Rents could drop 5 per cent — and vacancy rates might climb — in Toronto this year and more

News on the Internet Luxury housing sales up in Toronto, Vancouver and Montreal for January and February While the COVID-19 crisis has created a new wave of uncertainty across Canada’s real estate market, a new data report has determined that the luxury housing markets in the Greater Toronto Area, Vancouver and Montreal are facing the […]

Read More →
Big banks to allow delayed mortgage payments to some in unprecedented response to coronavirus crisis

Bank of Montreal, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, National Bank of Canada, Royal Bank of Canada and Toronto-Dominion Bank all announced offers of financial assistance in press releases sent out Tuesday and Wednesday. Reuters/Chris Helgren/File Photo Canada’s six biggest banks are offering to ease up on customers whose lives have been […]

Read More →
Top 5 Toronto & GTA Real Estate News This Week – March 13 2020

1) Mortgage Rates Falling as Economic Turmoil Persists Lenders are continuing to slash mortgage rates by the day following a massive bond rally on Monday that drove Canadian yields to record lows. Bond yields, which lead fixed mortgage rates, hit a low of 0.27% for the 5-year note and 0.23% for the 10-year. By comparison, they […]

Read More →
These Ontario markets have the highest home purchase closing costs

News on the Internet These Ontario markets have the highest home purchase closing costs For homebuyers, closing day is an eagerly-awaited milestone. Not only are the details and conditions of the transaction, including the mortgage and any inspection requirements, sorted out, but the keys will officially be handed over from the lawyers, granting newly-minted homeowners […]

Read More →
Average Home Price in Mississauga Jumps Nearly $105K in Single Month

News on the Internet Average Home Price in Mississauga Jumps Nearly $105K in Single Month Mississauga’s real estate market continued to heat up last month, with the average home price spiking nearly $105,000. That’s right, the average Mississauga home price rose more than $100k — in just one month. Read more Two-Tower Development Proposed for […]

Read More →
9 kid-friendly condos now selling across Toronto

News on the Internet 9 kid-friendly condos now selling across Toronto As detached home prices continue to soar across the city, Toronto families are looking to condominiums as more affordable launching pads for young kids. While condos can make for an affordable starter home or a sound investment, they haven’t always been designed with children […]

Read More →