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New Report Says Toronto Housing Market Bubble is a Real Risk

According to the UBS Global Real Estate Bubble Index for 2017, the risk of a Toronto housing market bubble is real. In fact, the report states that “bubble risk seems greatest in Toronto, where it has increased significantly in the last year.” Comparable cities in other countries — Stockholm, Munich, Sydney, London, Hong Kong and, closer to home, Vancouver — Continue Reading

Teranet Named Top Toronto Employer

Teranet has been named one of Greater Toronto’s Top Employers for 2018! MediaCorp Canada Inc. holds an annual competition to recognize the best companies in the Greater Toronto Area by evaluating work environments — and Teranet’s work environment was deemed one of the best. See the reasons why Teranet is such a great employer: https://www.teranet.ca/teranet-news/teranet-named-top-toronto-employer/.

The Best Way to Know Your Brokers is to Be Where They Are: Canadian Mortgage Industry Events Happening in 2018

As a lender, you likely already know the importance of networking events. More potential for lead generation, industry-specific news and perspectives, and building stronger relationships are just some of the advantages. If you’re lending to homeowners or homebuyers, then Canadian mortgage industry events are some you likely want to consider attending. They’ll put you in closer contact with those in Continue Reading

A third straight monthly decline in the Teranet–National Bank Composite House Price Index™

In November, the Teranet–National Bank National Composite House Price Index™ was down 0.5% from the previous month, the third consecutive monthly decline and the largest for a month of November outside of a recession. Indexes were down for four of the 11 metropolitan areas surveyed: Toronto (−1.4%), Hamilton (−1.6%), Ottawa-Gatineau (−0.8%) and Edmonton (−0.7%). Indexes for the two West Coast markets, Continue Reading

Bank of Canada Interest Rate Stays at 1% After December 6 Announcement

The Bank of Canada announced its latest interest rate target on December 6, 2017. The Bank of Canada interest rate stayed at 1%, which was set in September of 2017. “The global economy is evolving largely as expected in the Bank’s October Monetary Policy Report (MPR),” the Bank stated in a December 6 press release. “In the United States, growth in the Continue Reading

Second Teranet Market Insights Report Reveals Age Real Estate Trends

Lenders, use our second Teranet Market Insights report to gain important insight into the current Ontario and Canadian real estate market. In the November 2017 publication, we feature up-to-date data on millennial home buying trends, age demographics and the impact on the Ontario real estate market, and Ontario residential sales volumes and conveyancing trends across Canada. This is the first Continue Reading

Condos Outperforming All Other Ontario Housing Market Dwellings

The housing of the future could look much different than that of the past if the current Ontario housing market is any indication. Historically, more traditional dwelling types such as single-detached homes, semis, and row houses have performed best in the Ontario housing market. However, now there’s a new titan rising above the rest: condos. The Toronto condo market is Continue Reading

Purview® Limited Service Availability

Purview® Limited Service Availability: Please note, due to system maintenance, we will experience a service interruption affecting our Title products during the following period: Friday, November 24 at 9 p.m. to Saturday, November 25 at 8 a.m. You will experience the following: Searching Instruments/Plans will not yield any results. We apologize for any inconvenience this may cause. Have any questions? Continue Reading

Ontario Housing Market Spotlight: Mortgages Owed on the Rise

The Ontario housing market appears to be cooling and homeowners are owing more than ever on their mortgages. With interest rates higher and banks being more restricted with respect to CMHC-insured mortgages, some homeowners are scrambling now to refinance their homes to consolidate debt, lock in mortgage rates and even put their homes on the market. If Ontario housing market Continue Reading

Index Retreated 1% in October

In October the Teranet–National Bank National Composite House Price Index™ was down 1.0% from the previous month, a second consecutive monthly decline and the largest since September 2010. The retreat was due to a 2.8% drop of the index for the Toronto market, the country’s largest. Indexes were also down on the month for five other metropolitan areas of the Continue Reading