Interest Rates Unlikely To Rise In 2019

The latest data from Statistics Canada shows that GDP has actually fallen in four of the past six months, suggesting that, after the longest (if one of the weakest) recoveries ever, we are heading toward a recession within the next year or so. Click to view monthly GDP chart This is why the Bank of… Read More

Canada Is A Haven For Money Laundering

There’s a lot of ‘dirty money’ in the world, and many complex schemes to ‘launder’ this money and convert it into ‘clean’ funds. Real estate is a very popular venue for such laundering, particularly in Canada, as we have some of the weakest laws in the world to defend against money laundering. A recent report… Read More

Our Housing Crisis Won’t Be Easily Solved

Much has been written about Canada’s housing crisis and, in particular, the present crisis of housing affordability and availability in the GTA. Sales of single family homes have fallen steeply over the past couple of years as prices have increased,  and mortgage rules have tightened,  while the supply of new homes has been limited. Many… Read More

Steady Toronto Area Market Persists

Prices and sales increased modestly in March as compared with February, in line with the normal seasonal trend, and continued to track year-ago results very closely. For condominium properties, prices were 2% higher than last year, while prices for freehold properties were 2% lower, so the overall average for all property types was virtually unchanged…. Read More