The average price people are willing to pay for real estate in Windsor-Essex continues to skyrocket even as the COVID-19 pandemic rages on. In general, the average property price in the region has increased by nearly 25 per cent over the last year. “It has escalated lately,” Damon Winney, president of the Windsor-Essex County Realtor’s Association said. According to a  monthly report … Read More

The average price of a Canadian resale home has risen by more than 15 per cent in the year up to October, the Canadian Real Estate Association said Monday. The group that represents more than 130,000 real estate agents across Canada said that last month was the busiest October ever for home sales, continuing a trend that started in May … Read More

By: Clayton Jarvis Last week, CREA released its housing data for September 2020, with the headline number being a nationwide year-over-year increase in sales of 45.6 percent. It’s a colossal figure, but one that makes little room for nuance. As many Mortgage Broker News readers are aware, there is no “Canadian housing market”, just a collection of distinct housing markets that happen … Read More

By: Ephraim Vecina Franco Greco, senior vice president of loan origination and business development at NewDay, pointed to the robust fundamentals that comes from eight years of industry experience as what helped him manage his company across the challenges of 2020 – which includes the impact of the ongoing COVID-19 pandemic. Steering one of North America’s leading mortgage lenders focused … Read More

By: Ephraim Vecina While federal financial aid and mortgage deferrals have propelled some price growth recently, it will be only a matter of time before the full negative impact of the COVID-19 pandemic works its way through the housing market, according to a new report by Moody’s Analytics. In its newest Canada Housing Market Outlook, Moody’s said that the housing market’s … Read More