Overview: a guide to understanding receivership in Canada, including what it is, the process, examples, and advice on how to avoid it. The news didn’t come as a surprise, since the condo has faced years of delays and rising costs. But what is surprising is that it happened in Toronto,…
Author: Heenay Patel
Record Immigration & Canada’s Housing Shortage
Overview: a look at the impact of record immigration on Canada’s housing shortage, new immigration targets, and solutions to the housing crisis. After setting immigration records over the last 3 years, Canada plans to level off the number of new permanent residents starting in 2026. The reason? A growing belief…
Ultimate Guide To Power of Sale Vs Foreclosures in Ontario
Overview: an in-depth guide to Power of Sale and Foreclosures in Ontario, with information on the process, risks and benefits, plus advice for homeowners. When that happens, they’re faced with two very difficult choices: Power of Sale or Foreclosure. But what do these two terms mean? And what exactly are…
GTA Home Sales Down, Prices & Listings Up In October 2023
Overview: a look at the October 2023 housing numbers for Toronto and the GTA, the impact of high interest rates, and the ongoing deep buyer’s market. Like a repeat of September, home prices were up in October while sales were down big. However, what sets both months apart is the…
GTA Buyers Return As BoC Holds Rate At 5%
Overview: a look at the Bank of Canada’s decision to pause interest rates at 5%, plus its impact on the GTA housing market and the return of buyers. In one word: relief. Interest rates holding steady means more clarity for those looking to buy and sell, and less financial anxiety…