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Market News

What’s Happening in the Appointment Centre

Posted: June 4, 2018

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May 20-26, 2018 Slight dip last week in appointments of 3% when seasonally adjusted for the Civic Holiday closure. Our Sold/Appointment ratio rose slightly to 14.7 appointments per property sold during the week. Hamilton dominated the Top 5 Districts, with Hamilton Mountain taking 3 of the rankings. Overall Hamilton price ranges shifted slightly, however within […]

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New Ontario Standarized Lease

Posted: March 22, 2018

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Take, for example, the new Ontario standardized lease. All residential lease documents signed on or after April 30th, 2018 that are used by a landlord must be the new standardized lease. This includes single and semi-detached houses, apartment buildings, rented condos and secondary units. Over the past year, OREA’s Government Relations team lobbied hard to makes sure this standardized […]

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What tenants need to know about Ontario’s standardized lease agreement

Posted: March 19, 2018

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Lawyer Dania Majid discusses Ontario’s new lease and what renters should be looking out for. On April 30, it will become mandatory for most residential landlords in Ontario to use a 13-page standardized lease agreement.  (DREAMSTIME) Ontarians fed up with battling their landlords over contentious terms they didn’t realize were hidden in the fine print of […]

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Canadians borrowing against their houses at the fastest pace in years, data shows

Posted: March 16, 2018

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Home equity lines of credit, known as HELOCs, are emerging as a preferred means of accessing funds. “Houses are becoming piggy banks,” according to Paul Gulberg, a Bloomberg Intelligence analyst.  (RENE JOHNSTON / TORONTO STAR FILE PHOTO) By ERIK HERTZBERGBloomberg Canadians are borrowing against their houses at the fastest pace in more than five years, as home equity lines […]

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Canadian home sales drop 6.5% in February — lowest in nearly 5 years: CREA

Posted: March 15, 2018

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“The drop off in sales activity following the record-breaking peak late last year confirms that many homebuyers” raced to purchase before new mortgage rules came into effect, CREA’s chief economist said. New monthly numbers from the Canadian Real Estate Association also show that national home sales declined 6.5 per cent from January to February, the […]

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