Overview: a guide to understanding receivership in Canada, including what it is, the process, examples, and advice on how to avoid it. The One—an ambitious Toronto condo—recently went into receivership (Mizrahi Developments). The news didn’t come as a surprise, since the condo has faced years of delays and rising costs.
Overview: a look at the impact of record immigration on Canada’s housing shortage, new immigration targets, and solutions to the housing crisis. Is immigration responsible for Canada’s housing shortage? (Pixabay) After setting immigration records over the last 3 years, Canada plans to level off the number of new permanent residents
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. A growing number of Ontarians are unable to pay their mortgages (Daniel Foster). When that happens, they’re faced with two very difficult choices: Power of Sale
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. October was more Groundhog Day than Halloween (Aleksandar Cvetanović). Like a repeat of September, home prices were up in October while sales were down
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. What does a rate pause mean for home buyers, sellers and mortgage holders? (Mateusz Walendzik) In one word: relief. Interest rates holding