Real Estate News, Articles & Corporate Announcements

5/28/2020 | Posted in Toronto Real Estate by Tuscany Hills Realty Services
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The results of a recent Ipsos survey suggested that accelerated borrowing and home-purchasing activity is just waiting in the wings to pounce upon the Greater Toronto Area housing ... More

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5/25/2020 | Posted in Canadian Housing Market by Tuscany Hills Realty Services
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Why does CMHC's Evan Siddall think Canada is headed for a 'deferral cliff'? ... More

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5/27/2020 | Posted in Canadian Economy and Housing Market by Tuscany Hills Realty Services
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Sales, new construction and prices all expected to decline during pandemic ... More

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5/24/2020 | Posted in Home Buyers by Tuscany Hills Realty Services
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The Bank of Canada is set to reduce its qualifying rate ten basis points, from 5.04 to 4.94 percent according a new report. ... More

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5/21/2020 | Posted in Real Estate Investments by Tuscany Hills Realty Services
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The financial situation of every rental property is as different as a fingerprint. Every operator applies their level of experience, understanding, operating sophistication and ... More

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5/20/2020 | Posted in Financial Health by Tuscany Hills Realty Services
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Although COVID-19 has slowed down the rate of insolvency filings nationwide, the year-to-date total is still the highest in a decade, according to the Office of the Superintendent ... More

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5/18/2020 | Posted in First Time Home Buyers by Tuscany Hills Realty Services
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COVID-19 ripped a hole in more than just the economy. For Canadians on the verge of buying their first home, the pandemic, and the financial uncertainty it has plunged the country ... More

Real Estate & Mortgage News

5/18/2020 | Posted in Financial Health by Tuscany Hills Realty Services
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Canadian household debt has reached $2.28 trillion in total as of March, with mortgage payments accounting for a significant slice of the growth, according to data from the Bank ... More

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5/18/2020 | Posted in Toronto Real Estate by Tuscany Hills Realty Services
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Toronto remains likely to see elevated housing demand and prices this summer despite the COVID-19 market pause. ... More

Real Estate & Mortgage News

5/16/2020 | Posted in Canadian Economy and Housing Market by Tuscany Hills Realty Services
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Thanks to a reduction in some Big-Bank posted rates in recent days, Canada’s mortgage stress test rate will fall as early as next week. ... More

Real Estate & Mortgage News

5/15/2020 | Posted in Canadian Housing Market by Tuscany Hills Realty Services
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Statistics released today by the Canadian Real Estate Association (CREA) show national home sales and new listings fell by more than half in April 2020 compared to March. ... More

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5/12/2020 | Posted in Mortgages and Real Estate by Tuscany Hills Realty Services
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The coronavirus has plunged market activity into a deep freeze ... More

Real Estate & Mortgage News

5/8/2020 | Posted in Canadian Economy and Housing Market by Tuscany Hills Realty Services
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The housing market can expect some recovery towards the end of the year according to Altus Group. ... More

Real Estate & Mortgage News

5/8/2020 | Posted in Toronto Real Estate by Tuscany Hills Realty Services
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DBRS Morningstar is looking at pandemic scenarios that include a housing price correction of between 10 and 15 per cent by 2022. ... More

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5/6/2020 | Posted in Commercial Real Estate by Tuscany Hills Realty Services
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Some Canadian banks have frozen new lending for smaller commercial property purchases, in some cases withdrawing letters of intent, as the coronavirus crisis raises concerns about ... More

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5/5/2020 | Posted in GTA Real Estate by Tuscany Hills Realty Services
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GTA REALTORS® reported 2,975 residential transactions through TRREB’s MLS® System - down by 67 per cent compared to April 2019.
... More

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5/3/2020 | Posted in Canada Living by Tuscany Hills Realty Services
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Canada is officially in a recession that's been caused by the COVID-19 pandemic, the C.D. Howe Institute's Business Cycle Council declared Friday. ... More

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4/30/2020 | Posted in Anouncements by Tuscany Hills Realty Services
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Tiff Macklem, a former second-in-command at the Bank of Canada, is returning to the central bank to take over the top job at a moment that he says cries out for bold, ... More

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5/2/2020 | Posted in Canadian Economy and Housing Market by Tuscany Hills Realty Services
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A sharp rise in joblessness, combined with the bust-out of the short-term rental market, will send Canadian house prices down in the short term, some market experts are saying. ... More

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4/30/2020 | Posted in Canadian HELOC by Tuscany Hills Realty Services
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Canadian banks may clamp down on HELOCs to reduce the risk of spikes in sour loans, which the banks are already bracing for ... More

Real Estate & Mortgage News

4/27/2020 | Posted in Commercial Real Estate by Tuscany Hills Realty Services
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Canada’s malls are facing a wave of skipped rents and could see vacancy rates triple by year-end, with the coronavirus poised to leave its scars on a fragile retail sector ... More

Real Estate & Mortgage News

4/27/2020 | Posted in GTA News by Tuscany Hills Realty Services
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TRREB has developed a COVID-19 property tax deferral schedule for every Greater Toronto Area municipality for your convenience and use. ... More

Real Estate & Mortgage News

4/26/2020 | Posted in Canadian Housing Market by Tuscany Hills Realty Services
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The national market can still provide some impetus for home price growth despite declining sales, according to Royal Bank of Canada Senior Economist Robert Hogue. ... More

Real Estate & Mortgage News

4/22/2020 | Posted in GTA Real Estate by Tuscany Hills Realty Services
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Greater Toronto Area REALTORS® reported 1,654 home sales through TRREB’s MLS® System during the first 17 days of April – down by 69 per cent compared to the ... More

Real Estate & Mortgage News

4/22/2020 | Posted in GTA Real Estate by Tuscany Hills Realty Services
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Toronto home sales tumbled in the first half of April, down 69 per cent compared with the previous year, as the coronavirus pandemic led to an economic slowdown and a huge spike ... More

Real Estate & Mortgage News

4/22/2020 | Posted in Commercial Real Estate by Tuscany Hills Realty Services
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Acquisition of expansive properties has fallen to the wayside, but commercial real estate is poised to become an even more desirable choice for investment after the coronavirus ... More

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4/21/2020 | Posted in Canadian Housing Market by Tuscany Hills Realty Services
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Canadian home prices could fall a “relatively modest” five per cent by July as some owners are forced to sell in the face of the economic hardship brought on by ... More

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4/21/2020 | Posted in Commercial Real Estate by Tuscany Hills Realty Services
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One quarter of small businesses can't make April lease or mortgage payments — and it won't get much better any time soon. ... More

Real Estate & Mortgage News

4/21/2020 | Posted in Canadian Economy and Housing Market by Tuscany Hills Realty Services
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Rising unemployment and high debt is expected to boost mortgage loan delinquencies in Canada, though experts say it won’t play out like the U.S. subprime mortgage crisis of ... More

Real Estate & Mortgage News

4/17/2020 | Posted in Mortgages and Real Estate by Tuscany Hills Realty Services
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Canadian banks processed more than 670,000 mortgage deferrals or skipped payments in the month since announcing a measure to help consumers weather the economic hit from the ... More

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