Market update week ending December 15th

15 December 2023
Eileen Wylie

Why Toronto is seeing more ‘vendor take-back’ mortgages as pre-construction appraisals fall short. Buyers who have purchased a pre-construction freehold property and have received an appraisal that's fallen considerably short of their original purchase price, are sometimes offered a vendor take-back mortgage, which can act as a lifeline, lawyer says. 


Market update week ending December 8th

13 December 2023
Eileen Wylie

Ontario gives home sellers the option to share bid details with other buyers. The blind bidding war has been a fixture of Canadian real estate for a generation, but even with new rules in Canada’s largest real estate market that will allow realtors to part the veil of secrecy, industry experts don’t believe an era of open auctions is upon us.


Market update week ending December 1st

04 December 2023
Eileen Wylie

Why the Bank of Canada could cut interest rates much more than markets expect. The Bank of Canada is widely expected to hold its benchmark interest rate when it meets next week, but a lot has changed since October.