Real Estate News, Articles & Corporate Announcements

4/6/2021 | Posted in Commercial Real Estate by Century 21 People's Choice
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A new report indicates Canada's downtown office vacancy rate increased for the fourth consecutive quarter to reach 14.3 per cent as more properties became available in ... More

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4/8/2021 | Posted in Home Buyers by Century 21 People's Choice
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One in five Canadians are hoping for a significant fall in housing prices, a sign of the mounting frustration felt by many people looking to get into the country's hot ... More

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4/8/2021 | Posted in Home Buyers by Century 21 People's Choice
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Canada's financial regulator, which has been planning changes in its four-year-old mortgage stress test, on Thursday proposed making it tighter, following concerns that the ... More

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4/8/2021 | Posted in Home Buyers by Century 21 People's Choice
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Canada’s top banking watchdog is about to take another stab at overhauling its stress test on residential mortgages. ... More

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4/6/2021 | Posted in Toronto Real Estate by Century 21 People's Choice
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Canada's largest housing market logged another month of record sales and price gains in March. The head of the local real estate board is warning of potential unintended ... More

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4/6/2021 | Posted in GTA Real Estate by Century 21 People's Choice
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For the third straight month of 2021, record home sales continued in March across the Greater Toronto Area (GTA) with buyers taking advantage of favourable borrowing costs and ... More

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3/31/2021 | Posted in Canadian Housing Market by Century 21 People's Choice
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The Bank of Canada is seeing “worrying” signs that some Canadians are taking on too much debt to buy into the nation’s hot housing market. ... More

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4/1/2021 | Posted in Canadian Housing Market by Century 21 People's Choice
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There are calls on policy-makers to take action to prevent a potential housing bubble due to prices going 'parabolic'. ... More

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4/5/2021 | Posted in Canadian Housing Market by Century 21 People's Choice
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Feds face pressure over hot housing market ahead of 2021 budget ... More

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4/2/2021 | Posted in Canadian Housing Market by Century 21 People's Choice
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Lumber supply is low, but demand keeps rising as homeowners nest during the pandemic ... More

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3/27/2021 | Posted in Toronto Real Estate by Century 21 People's Choice
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The housing market in Toronto keeps on accelerating to defy all odds, with small one bedroom condos selling for in the $700,000s after bidding wars, the average home price verging ... More

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3/30/2021 | Posted in Luxury Real Estate by Century 21 People's Choice
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Sales of homes valued at $4 million or more in the Greater Toronto Area saw a 157 per cent jump in activity. ... More

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3/30/2021 | Posted in Canadian Housing Market by Century 21 People's Choice
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BMO Economics isn’t ruling out the possibility of a policy response to cool rapidly overheating Canadian real estate markets. ... More

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3/30/2021 | Posted in Canadian Housing Market by Century 21 People's Choice
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Long-term risks to the economy are being exacerbated by outsized demand, shrinking inventory ... More

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3/30/2021 | Posted in Mortgages and Real Estate by Century 21 People's Choice
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The national mortgage debt balance hit a new record high of $1.65 trillion in Q4 2020, according to data from Statistics Canada. ... More

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3/29/2021 | Posted in Commercial Real Estate by Century 21 People's Choice
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Upward pressure on commercial asset values continues to dominate the nation’s largest cities, according to a new study by Colliers Canada. ... More

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3/26/2021 | Posted in Home Owners by Century 21 People's Choice
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Canadians have great expectations when it comes to using their homes to feather their retirement nest eggs. ... More

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3/25/2021 | Posted in Canadian Housing Market by Century 21 People's Choice
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Sustained housing price increases still outpacing the recovery in fundamental factors, such as labour income, means Canada's national housing market remains moderately ... More

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3/25/2021 | Posted in Mortgages and Real Estate by Century 21 People's Choice
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As many as 14% of millennials said that they have not been entirely truthful on a previous credit or loan application, compared to the national average of 7%, according to a ... More

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2/5/2021 | Posted in Commercial Real Estate by Century 21 People's Choice
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The last quarter of 2020 saw “favourable” deal flow and intensified competition in the commercial mortgage market, leading to sustained downward pressure on credit ... More

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3/25/2021 | Posted in Canadian Housing Market by Century 21 People's Choice
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The Canadian housing market is “overheating” and policy makers need to take steps to cool it down, according to an economist at Royal Bank of Canada, the ... More

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3/23/2021 | Posted in Toronto Real Estate by Century 21 People's Choice
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After years of an impossibly tight Toronto vacancy rate, there were reports that the downtown had emptied out due to COVID pandemic, leaving unoccupied units and landlords ... More

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3/23/2021 | Posted in Canadian Housing Market by Century 21 People's Choice
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The aggregate price of a house in Canada's recreational regions is forecast to increase 15 per cent in 2021 to $502,730, as demand continues to rapidly outpace ... More

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3/22/2021 | Posted in Real Estate Market by Century 21 People's Choice
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A record share of Canadians expect home prices will continue hitting new highs, an exuberance that adds to concern the housing market is entering a speculative bubble. ... More

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3/20/2021 | Posted in Toronto Living by Century 21 People's Choice
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Toronto’s neighbourhoods are getting a much-needed revamp and changing from the existing number of 140 to 158. ... More

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3/19/2021 | Posted in Canadian Housing Market by Century 21 People's Choice
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Newly built Canadian homes are rising faster in price than at any time in more than three decades. ... More

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3/18/2021 | Posted in Canadian Housing Market by Century 21 People's Choice
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Our national real estate market is now in full-on boiling mode, according to a major Canadian bank. ... More

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3/18/2021 | Posted in Canadian Housing Market by Century 21 People's Choice
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While home prices continued to increase between November and January, their rate of growth was declining on a monthly basis. That changed in February as monthly home price ... More

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3/17/2021 | Posted in Mortgages and Real Estate by Century 21 People's Choice
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Non-bank lenders have seen the rate of arrears on insured mortgages go roughly 50% higher than their uninsured counterparts, according to data from Statistics Canada. ... More

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3/17/2021 | Posted in Rental Market by Century 21 People's Choice
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The COVID-19 pandemic has had a major impact on Toronto's rental market since it first arrived last March — resulting in rent prices not seen in several years — ... More

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