Ask An Agent: What Will Real Estate Sales Look Like In 3-5 Years?

Robb NelsonMortgage Talk Canada

by Aaron Broverman Andre Kutyan always has an ear to the ground. The Harvey Kalles sales representative has been an agent for 15 years. In 2017, Kutyan was contacted by the The Globe and Mail and asked how he was able to get multiple offers on a home in mid-town Toronto. This was after the introduction of the Ontario Fair Housing Plan, when he … Read More

Cannabis industry contributed to spike in home prices, housing shortages: survey

Robb NelsonMortgage Talk Canada

By: Jeremiah Rodriguez, CTVNews.ca Writer Canada’s booming cannabis industry has led to a spike in housing prices and home shortages in some regions, according to a new report from RE/MAX. For example, Smiths Falls, Ont. — home to Canopy Growth, which Bloomberg dubbed the largest cannabis producer in the world — now employs 1,300 people. An unintended consequence of that employment growth is a shortage of … Read More

More Canadians are concerned about their debt obligations

Robb NelsonMortgage Talk Canada

by Duffie Osental More Canadians are starting to feel the pressure of debt obligations such as mortgage payments. The latest MNP Consumer Debt Index revealed that over half (54%) of Canadians said that they are more concerned about their ability to repay their debts than they used to be – which isn’t very surprising given that the average Canadian, after paying … Read More

Industry tells re-elected Trudeau gov’t, ‘We’re watching you’

Robb NelsonMortgage Talk Canada

by Ephraim Vecina The real estate industry will be closely looking at the re-elected Liberal government to see if it will live up to its mandate of serving the people’s best interests, according to RE/MAX Ontario-Atlantic Canada executive vice president and regional director Christopher Alexander. “Affordability is a top priority for Canadians, and it’s encouraging to see the theme of affordability … Read More