Real Estate News, Articles & Corporate Announcements

8/12/2020 | Posted in Canadian Economy and Housing Market by Tuscany Hills Realty Services
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The head of Canada’s housing authority implored the nation’s lenders to “reconsider” offering mortgages to highly leveraged households, saying excessive ... More

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8/11/2020 | Posted in Canada Living by Tuscany Hills Realty Services
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Canadians spent an estimated $80 billion on renovations in 2019, and plan to take a bit of breather this year because of COVID-19. ... More

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8/8/2020 | Posted in Commercial Real Estate by Tuscany Hills Realty Services
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The second quarter saw the resulting impact from the rapid spread of COVID-19 and mandatory lockdowns that began in mid-March. Working from home became the new normal, streets ... More

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8/11/2020 | Posted in Canadian Housing Market by Tuscany Hills Realty Services
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The trend in housing starts was 204,376 units in July 2020, up from 199,778 units in June 2020, according to Canada Mortgage and Housing Corporation (CMHC). This trend measure is ... More

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8/10/2020 | Posted in Mortgage News by Tuscany Hills Realty Services
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Effective this week, it gets a little easier to buy a house or refinance. ... More

Real Estate & Mortgage News

8/10/2020 | Posted in Mortgages and Real Estate by Tuscany Hills Realty Services
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While shrinking mortgage delinquencies during the first quarter have set the stage for even lower Q2 readings, analysts warned that a significant increase might take place after ... More

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8/7/2020 | Posted in Commercial Real Estate by Tuscany Hills Realty Services
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Why US major retailers choose bankrupcy protection? Coming very soon to Canada ... ... More

Real Estate & Mortgage News

8/6/2020 | Posted in GTA News by Tuscany Hills Realty Services
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Toronto Regional Real Estate Board President Lisa Patel announces that Greater Toronto Area REALTORS® reported 11,081 sales through TRREB’s MLS® System in July 2020 ... More

Real Estate & Mortgage News

8/2/2020 | Posted in Toronto Real Estate by Tuscany Hills Realty Services
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The Toronto Regional Real Estate Board says condominium apartment sales in the region have fallen by since last year, but the average selling price is up. ... More

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7/29/2020 | Posted in Canada Living by Tuscany Hills Realty Services
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Canadians who owe the tax man are getting another reprieve because of COVID-19. ... More

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7/23/2020 | Posted in Ontario Real Estate by Tuscany Hills Realty Services
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The Ontario government has passed Bill 184, Protecting Tenants and Strengthening Community Housing Act, 2020 into law as a way to provide stability to the province's rental ... More

Real Estate & Mortgage News

7/25/2020 | Posted in Toronto Living by Tuscany Hills Realty Services
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Condos in Toronto’s downtown core have become increasingly out of reach of most household budgets, skewing what it means to be “middle-class” in one of ... More

Real Estate & Mortgage News

7/28/2020 | Posted in Toronto Real Estate by Tuscany Hills Realty Services
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Throughout the COVID-19 pandemic, homeowners have had a lot of time to reassess what they need in a home. For some, this has meant considering a new property outside of the city, ... More

Real Estate & Mortgage News

7/29/2020 | Posted in Toronto Real Estate by Tuscany Hills Realty Services
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Toronto’s condominium market showed significant slowdown in the second quarter, with sales dropping to their lowest levels since 2009, according to the Q2-2020 Condominium ... More

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7/28/2020 | Posted in Canadian Housing Market by Tuscany Hills Realty Services
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This fall, loan payments unemployed borrowers kicked down the road must start being repaid again, plus interest ... More

Real Estate & Mortgage News

7/27/2020 | Posted in Commercial Real Estate by Tuscany Hills Realty Services
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Latest data from Statistics Canada showed that e-commerce flourished in the months following the widespread implementation of COVID-19 mobility restrictions – leading into ... More

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7/24/2020 | Posted in Financial Health by Tuscany Hills Realty Services
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There are some financial maxims younger generations hear from well-intentioned parents and other figures in their lives, but experts say that many of those go-to personal finance ... More

Real Estate & Mortgage News

7/22/2020 | Posted in Toronto Real Estate by Tuscany Hills Realty Services
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A limited supply of houses for sale, paired with rising demand as COVID-19 pandemic restrictions lift, have caused real estate prices in Toronto to skyrocket over the past few ... More

Real Estate & Mortgage News

7/21/2020 | Posted in Canadian Housing Market by Tuscany Hills Realty Services
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Despite prices swelling in a number of Canadian markets, the most recent Teranet-National Bank National Composite House Price Index claims Canada’s housing market has ... More

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7/20/2020 | Posted in Commercial Real Estate by Tuscany Hills Realty Services
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Toronto’s commercial segment continues to labour under adverse conditions, with the downtown market recently seeing a spike in office vacancies. ... More

Real Estate & Mortgage News

7/14/2020 | Posted in Canadian Economy and Housing Market by Tuscany Hills Realty Services
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While Canadian housing starts have gained momentum and are on pace for more than 200,000 this year, CIBC World Markets managing director and deputy chief economist Benjamin Tal ... More

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7/15/2020 | Posted in Mortgage Interest Rates by Tuscany Hills Realty Services
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The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent. ... More

Real Estate & Mortgage News

7/15/2020 | Posted in Canadian Housing Market by Tuscany Hills Realty Services
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Statistics released today by the Canadian Real Estate Association (CREA) reveal national home sales and new listings continued to rebound in June 2020. ... More

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7/13/2020 | Posted in Mortgages and Real Estate by Tuscany Hills Realty Services
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Renewal and refinance activity has spiked since lockdowns were lifted according to a recent report. ... More

Real Estate & Mortgage News

7/9/2020 | Posted in Commercial Real Estate by Tuscany Hills Realty Services
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A significant fraction of Canadian business tenants are expecting their revenues to bounce back to pre-pandemic levels within 12 months, according to a recent survey by the Bank ... More

Real Estate & Mortgage News

7/9/2020 | Posted in Canadian Housing Market Predictions by Tuscany Hills Realty Services
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Strong June home sales data from Toronto and Vancouver finally gave wary homebuyers and industry professionals the dose of good news that they’d sorely needed. ... More

Real Estate & Mortgage News

7/9/2020 | Posted in Financial Health by Tuscany Hills Realty Services
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Canadian household debt has shown relatively muted increases despite growth in the mortgage segment, according to data from the central bank. ... More

Real Estate & Mortgage News

7/8/2020 | Posted in Toronto Real Estate by Tuscany Hills Realty Services
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Toronto’s real estate market appears to be roaring back to life, but some housing industry observers believe prices are being propped up by a combination of government ... More

Real Estate & Mortgage News

7/7/2020 | Posted in Toronto Real Estate by Tuscany Hills Realty Services
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Greater Toronto Area home sales are rebounding from the COVID-19 pandemic and prices are on the rise, but completed transactions are still short of where they were last year, the ... More

Real Estate & Mortgage News

7/7/2020 | Posted in Toronto News by Tuscany Hills Realty Services
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Toronto city council voted to make masks mandatory in enclosed, public places last week following recommendations from the medical officer of health. Most of the GTA is moving in ... More

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