Real Estate News, Articles & Corporate Announcements

6/20/2018 | Posted in Canadian Housing Market by Forest Hill Real Estate CENTRAL
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In its report on national home sales numbers as of May, CREA pointed at a 1.6% month-over-month increase in Toronto residential transactions – a development that analysts ... More

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6/20/2018 | Posted in Canadian Housing Market by Forest Hill Real Estate CENTRAL
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The acute volatility of the Canadian housing market may be nearing the end according to TD Economics.

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6/18/2018 | Posted in Canadian Housing Market by Forest Hill Real Estate CENTRAL
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The new Canadian national existing home sales data published by CREA last week could have been worse according to TB Economics.

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6/15/2018 | Posted in Canadian Housing Market by Forest Hill Real Estate CENTRAL
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National home sales via Canadian MLS® Systems remained little changed from April to May 2018, marking the lowest level for national sales activity in more than five ... More

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6/14/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate CENTRAL
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Mortgage borrowing fell $2 billion to $13.7 billion in the first quarter of this year, the lowest level since the second quarter of 2014 according to Statistics Canada ... More

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6/14/2018 | Posted in Ontario Real Estate by Forest Hill Real Estate CENTRAL
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Current price correction in Ontario housing market does not resemble historical price bust periods according to the latest report from Canada Mortgage and Housing ... More

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6/12/2018 | Posted in Recreational Properties by Forest Hill Real Estate CENTRAL
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Price of vacation homes is expected to rise 5.8 per cent by end of September. Retiring baby boomers and gen-Xers are driving recreational home sales as they look toward ... More

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6/12/2018 | Posted in Home Buyers by Forest Hill Real Estate CENTRAL
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Private lenders have doubled their share of Canadian mortgages since 2015.

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6/8/2018 | Posted in Canadian Housing Market by Forest Hill Real Estate CENTRAL
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The trend in housing starts was 216,362 units in May 2018, compared to 225,481 units in April 2018, according to Canada Mortgage and Housing Corporation (CMHC).

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6/8/2018 | Posted in Ontario News by Forest Hill Real Estate CENTRAL
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The Progressive Conservative Party has won the Ontario provincial election and there may be some good news ahead for household budgets.

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6/7/2018 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate CENTRAL
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Canada's financial system is resilient, according to the Bank of Canada, but high household debt and imbalances in the housing market remain the biggest ... More

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6/6/2018 | Posted in Home Buyers by Forest Hill Real Estate CENTRAL
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York Region municipal councillors have proposed a municipal land transfer tax, but the CEO of the Ontario Real Estate Association is imploring them to consider the ... More

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6/6/2018 | Posted in Commercial Real Estate by Forest Hill Real Estate CENTRAL
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A new report from CBRE reveals that Toronto is a popular choice for international retailers, the only North American city to make the top 20 target cities for new entrants and ... More

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6/4/2018 | Posted in Toronto Real Estate by Forest Hill Real Estate CENTRAL
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Greater Toronto Area REALTORS® reported 7,834 sales through TREB's MLS® System in May 2018. This result was down by 22.2 per cent compared to May 2017. ... More

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6/1/2018 | Posted in Home Owners by Forest Hill Real Estate CENTRAL
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Spending drops as much as 25 per cent in some provinces as more homeowners focus on wear and tear.

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5/31/2018 | Posted in Commercial Real Estate by Forest Hill Real Estate CENTRAL
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Toronto’s land transfer revenue for Q1 2018 exceeded expert predictions by $30.7 million, a development that acting chief financial officer Joe Farag attributed to ... More

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5/30/2018 | Posted in Mortgage Interest Rates by Forest Hill Real Estate CENTRAL
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The Bank of Canada kept its key interest rate target on hold Wednesday but hinted that rate hikes could be coming as it noted the Canadian economy was a little stronger than ... More

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5/30/2018 | Posted in Toronto Real Estate by Forest Hill Real Estate CENTRAL
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Toronto’s downtown relief subway line - should the political will needed to build it ever materialize - could partly fund itself, to say nothing of the skyrocketing ... More

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5/28/2018 | Posted in Mortgage Interest Rates by Forest Hill Real Estate CENTRAL
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Canada’s big banks are locked in a competitive pricing war over variable-rate mortgages, but economic trends point to more interest rate hikes ahead — leaving ... More

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5/26/2018 | Posted in Toronto Real Estate by Forest Hill Real Estate CENTRAL
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Move over, millennials - boomers have become a force in Toronto’s luxury condo market

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5/24/2018 | Posted in GTA Real Estate by Forest Hill Real Estate CENTRAL
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Developers are finding it harder to sell newly-built homes in the Greater Toronto Area this spring.

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5/23/2018 | Posted in Home Buyers by Forest Hill Real Estate CENTRAL
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A study out of Ryerson University warns of a severe housing shortage in the near future.

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5/22/2018 | Posted in GTA Real Estate by Forest Hill Real Estate CENTRAL
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Research from the C.D. Howe Institute released Tuesday revealed zoning regulations, development charges and housing limits in and around southern Ontario's Greenbelt have ... More

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5/17/2018 | Posted in Community by Forest Hill Real Estate CENTRAL
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Condos can be a problem-solver in today’s real estate market. But there’s also a sense of dread associated with condos, specifically with the monthly maintenance ... More

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5/17/2018 | Posted in Rental Market by Forest Hill Real Estate CENTRAL
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The cost of renting an apartment is climbing rapidly in many of Canada's largest cities, led by Toronto and nearby places, new data shows.

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5/16/2018 | Posted in Home Buyers by Forest Hill Real Estate CENTRAL
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First-time home buyers already struggling with more stringent mortgage rules have been dealt another blow by an increase this week in the Bank of Canada’s five-year ... More

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5/16/2018 | Posted in Toronto Real Estate by Forest Hill Real Estate CENTRAL
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In the face of a correction in Toronto’s housing market, sellers aren’t panicking and prices in Toronto continue to hold steady.

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5/16/2018 | Posted in Canadian Housing Market by Forest Hill Real Estate CENTRAL
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The decline in national home sales reported Tuesday by CREA is “disappointing” says TD Economics.

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5/15/2018 | Posted in Canadian Housing Market by Forest Hill Real Estate CENTRAL
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Statistics released today by The Canadian Real Estate Association (CREA) show national home sales fell from March to April 2018.

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5/14/2018 | Posted in Commercial Real Estate by Forest Hill Real Estate CENTRAL
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The value of permits issued for non-residential structures was $3.0 billion in March, up 4.5% from February (which had posted a 6.4% decline) according to Statistics ... More

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