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Benchmark price of Canadian home up $120,000 in March

In March, new listings set a record by reaching 1 million across Canada, a 7.5% increase from the month prior. Bidding wars were commonplace and inventories fell to their lowest in decades.

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Real estate investing democratized

Learn more about how addy’s mission is to enable every human to become a homeowner by helping them invest in real estate at a price that works best for them, and dividing the investment into equal parts.

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These urban rental units can boost property values

"[...]There’s a lot of push for the city and other government levels to move towards laneway housing to deal with the supply issue and I think that’s a great opportunity.”

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Blog

How boomers are driving the millennial buying frenzy

Parental assistance with living-inheritances is the No. 1 factor pushing up the prices in Canada’s largest urban markets. The gift of a down payment from boomer parents enables them to enter markets.

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Why I'm stressed about the new Mortgage Stress Test

If the bank regulator has its way, this rate will increase to 5.25%, which will, on average, reduce the maximum qualifying amount for a mortgage by approximately 5%.

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Toronto’s condo rental market showing vitality

Listings declined by 12% from Q4-2020 and brought the ratio of quarterly condo leases-to-listings to 61%—the highest since the COVID-19 pandemic struck in March of last year.

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Federal government’s budget misses mark on housing

The government is introducing a 1% tax on non-residents that’s believed will generate $700 million in revenue through four years beginning in 2022-23, but will it really make a difference?

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Trudeau opens the spigots for social spending, income support, and a green economy

Chrystia Freeland's first budget is as promised. In more than two years, the first federal budget extends Ottawa’s COVID-19 “lifeline” for workers and struggling businesses another few months.

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RELNKS expands platform for realtors

This new platform helps first-time homebuyers connect with local realtors who can help them navigate the market. It will be a great platform to help realtors find quality leads.

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Alternative channel mortgage originations slated for spike

Mortgage broker Daniel Johanis says affordability on mortgages originated with the Big Five will decline as the OSFI implements another stress test that will take effect as of June 1.

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Most Canadians don’t shop for better mortgages: HOMEWISE

The HOMEWISE poll showed that only 49.1% of the 750 respondents aged 25 to 44 sought out better rates while 37.9% remained with their bank and 13.1% said they would go to one of Canada the Big Five.

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Construction material scarcity driving prices up in Montreal

“You order material and suppliers will say two weeks, but then six, eight, 10 or 12 weeks go by, and this is what we’re seeing in most of our projects,” said Patrice Groleau, owner of McGill Real Estate.

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Here’s how much income is needed to rent Toronto 1-bedrooms

“The average cost of a one-bedroom unit in Toronto was $1,866 a month last November,” said a report from LowestRates.ca. "“This represents a 19% year-over-year decrease."

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