"Low interest rates are going to be oxygen ... that keeps the fire going in the Toronto and BC housing markets - and that fire has spread to southern Ontario as well," said Sal Guatieri, senior economist at BMO Capital Markets.
'Homeowners are not prepared': Survey shows 20% of Canadians don't have a rainy day fund
Almost one quarter of homeowners in Canada say they've come up short paying their bills in the last year, according to a new survey released by Manulife Bank of Canada.
GTA housing crisis could be solved by boosting 'missing middle': Report
Paul Smetanin, president and CEO of the Canadian Centre for Economic Analysis, joins BNN's Catherine Murray for a look at how an increasing dearth in middle-market housing options (townhomes, duplexes, etc.) is contributing to major market oversaturation in the Greater Toronto and Hamilton area's hot housing market.
The true cost and value of home renovations
With construction season and the real estate market both booming right now, homeowners may be deciding to sell their homes, renovate them, or renovate them before selling. But how can they make sure they're not parting with their money foolishly? Bryan Baeumler, owner of Baeumler Quality Construction, joins BNN's Michael Hainsworth to shed some light.
It is not clear who the ad claims would pay for the incentives, but Menkes Developments, the Toronto developer mentioned on the ad, says it came from a local third-party broker – not them.
Ontario rent controls solving a problem that didn't exist: RioCan CEO
"If their purpose was to encourage more new affordable housing in the purpose-built rentals side, I don’t, quite frankly, see how it can do that. They need some tweaks that will encourage new construction.”
Canadian home prices up 1.2% in April, lifted by Toronto: Teranet
In the Toronto market, which some economists have called a bubble, prices climbed 2.6 per cent, while nearby Hamilton was up 2.1 per cent. Indexes for both cities were at record highs.
Still room for Toronto house prices to grow: Economist
Teranet-National Bank data released today shows the sharpest 12-month rise on record for Toronto and Hamilton home prices. But there is still room for home prices to rise according to Ted Tsiakiopoulos, Ontario Regional Economist, Canada Mortgage and Housing Corporation
Canadian home prices rise 0.2% in March
New home prices in Canada rose 0.2 per cent in March from the previous month, following a 0.4 per cent month-on-month increase in February, Statistics Canada said on Thursday.