Last month, the Toronto Real Estate market experienced its steepest monthly sales decline in a year. The city’s realtor board is of the opinion that the revised mortgage rules are the culprit behind the decline in sales and need to be reviewed before they keep more buyers on the sidelines. According to reports by the Toronto Real Estate Board on Tuesday, sales fell 7.7 per cent to 6,212. Benchmark prices, which vary from home type to home type, climbed 0.8 per cent from the... [read more]

COVID-19 has affected businesses in each sector across the globe. Therefore, it doesn't come as a surprise to see a strong real estate market also face the hit of the coronavirus outbreak. There are many professionals in the industry who are comparing this situation to the financial crisis of 2008. In fact, there are quite a few who have a view that this one is a worse hit. The hit of the market is so bad at the moment that some claim it to be worse than the financial crisis that... [read more]