Toronto home sales plummet in April as coronavirus shutdowns hit housing market

4/22/2020 | Posted in GTA Real Estate by Jessi Sandhu

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

Tags: Coronavirus, GTA Home Sales, GTA News, GTA Real Estate Market, Toronto House Prices, Toronto Real Estate, Toronto Real Estate Prices

Canada's big banks field half a million mortgage deferral requests

4/4/2020 | Posted in Mortgages and Real Estate by Jessi Sandhu

Canada’s biggest banks have received nearly half a million requests from homeowners to hold off mortgage payments as the economic fallout from the COVID-19 pandemic deepens, ... More

Tags: Big Six, Canadian Mortgage Market, Coronavirus, Mortgage Consumers, Mortgage Deferrals, Mortgage Trends

Canadian Home Sales Brace for 30% Drop on Virus

4/2/2020 | Posted in Canadian Housing Market by Jessi Sandhu

Real estate listings are drying up, open houses have been canceled, and buyers are staying home. ... More

Tags: Canadian Housing Market, Canadian Mortgage Market, Canadian Real Estate Market Outlook, Coronavirus, Housing Correction Canada, Real Estate Trends

Staying Safe during COVID-19

4/1/2020 | Posted in Canada Living by Jessi Sandhu

How to stay safe if venturing outdoors for essential reasons during COVID-19. ... More

Tags: Coronavirus

Bank of Canada: Key interest rate cut to lowest level

3/27/2020 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

The Bank of Canada is cutting its key interest target by half a percentage point to 0.25 per cent in an unscheduled rate announcement. ... More

Tags: Bank of Canada, Bank of Canada Benchmark Rate, Coronavirus, Economic Growth

Ontario ordering non-essential businesses to close

3/25/2020 | Posted in Ontario News by Jessi Sandhu

All “non-essential” workplaces in Ontario have been ordered closed effective 11:59 p.m. Tuesday for 14 days as the battle against COVID-19 reaches a critical stage. ... More

Tags: Coronavirus, Ontario Government

Canada set for muted spring home-selling season as coronavirus saps sentiment

3/21/2020 | Posted in Canadian Housing Market by Jessi Sandhu

Realtors across Canada are kicking off the busy spring selling season with the unprecedented step of cancelling open houses, moves that could contribute to slower-than-forecast ... More

Tags: Canadian Housing Market, Canadian Real Estate Market Outlook, Coronavirus

Toronto announces 60-day grace period for tax, utility bill payments

3/20/2020 | Posted in Toronto News by Jessi Sandhu

The City of Toronto is waiving all penalties on late property tax and other bill payments for the next two months in response to the unprecedented economic impact of the COVID-19 ... More

Tags: Coronavirus, Toronto Living

Canada's COVID-19 Economic Response Plan: Support for Canadians and Businesses

3/18/2020 | Posted in Canada Living by Jessi Sandhu

The Government of Canada is taking immediate, significant and decisive action to help Canadians facing hardship as a result of the COVID-19 outbreak. ... More

Tags: Canada, Canada Living, Coronavirus, Government Intervention, Government of Canada

Canada to close borders to most foreign nationals, except Americans

3/16/2020 | Posted in Canada Living by Jessi Sandhu

Prime Minister Justin Trudeau has announced the federal government will close its borders to most people who are not Canadian citizens or permanent residents as part of its ... More

Tags: Canada Living, Coronavirus

Coronavirus-driven rate cut could add kerosene to Canada's housing market

3/4/2020 | Posted in Canadian Housing Market by Jessi Sandhu

Lower mortgage rates likely to offset any major drag from a global outbreak ... More

Tags: Canadian Housing Market, Canadian Real Estate Market Outlook, Coronavirus, Mortgage Consumers