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Paul DeAdder | Real Estate Sales Representative Serving 
Downtown Toronto | Royal LePage Urban Realty, Brokerage

My Real Estate Blog - Market Trends, Tips & Updates

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Canadians piling on mortgage debt as hot housing market continues

1/20/2021 | Posted in Mortgages and Real Estate by Paul DeAdder

Canadian Mortgage Debt Increased 7.4% in November compared to a year earlier, pushing total up to nearly $1.66 trillion, according to StatsCan.

... More

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Ontario says crews can finish ongoing home renovations, but new projects are on hold

1/16/2021 | Posted in Ontario News by Paul DeAdder

Ontario homeowners who haven’t started work on their renovation projects as of Jan. 12 will have to put their plans on hold under the province’s new construction ... More

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CMHC reports annual pace of housing starts down in December

1/20/2021 | Posted in Canadian Housing Market by Paul DeAdder

e annual pace of housing starts in December fell compared with November, according to Canada Mortgage and Housing Corp. (CMHC).

... More

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Private-sector mortgage insurers say they're gaining market share in wake of CMHC tightening rules

1/19/2021 | Posted in Mortgages and Real Estate by Paul DeAdder

Loan-default insurance industry player says it gained market share following changes the Crown agency made last summer.

... More

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Toronto apartment rents tumble as vacancy rates hit 50-year high

1/18/2021 | Posted in Rental Market by Paul DeAdder

Toronto apartment hunters have a lot more options these days, as a flight into the suburbs led to an all-time high vacancy rate.

... More

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Record December caps record year for Canadian home sales

1/15/2021 | Posted in Canadian Housing Market by Paul DeAdder

Statistics released today by the Canadian Real Estate Association (CREA) show national home sales set another all-time record in December 2020.

... More

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Canada's housing market headed for soft landing by 2022: RBC

1/14/2021 | Posted in Canadian Housing Market Predictions by Paul DeAdder

Canada’s housing market may be heading for a soft landing at the end of the year after what could be a record-breaking 2021, a new report by RBC Economics said.

... More

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Younger Canadians moving away from big cities at record levels

1/14/2021 | Posted in Home Buyers by Paul DeAdder

A record number of Canadians left major urban centers last year amid the pandemic, led by youth and young families.

... More

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5 Predictions for Canadian Retail in 2021

1/14/2021 | Posted in Commercial Real Estate by Paul DeAdder

Despite the recent arrival of the vaccine for the COVID-19 pandemic, a new report expects the first half of 2021 to be a continuation of 2020’s acceleration toward ... More

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Bank of Canada 'micro rate cut' bets in play as lockdowns weigh

1/13/2021 | Posted in Mortgage Interest Rates by Paul DeAdder

Money markets see an increased chance of the Bank of Canada cutting interest rates closer to zero, as tightening economic restrictions to contain a second wave of COVID-19 ... More

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2021 will remain a seller's market: experts

1/13/2021 | Posted in Canadian Housing Market by Paul DeAdder

Plus, seven trends that could impact the real estate market

... More

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Ontario issues stay-at-home order

1/13/2021 | Posted in Ontario News by Paul DeAdder

The Ontario government has issued a stay-at-home order for the province beginning on Jan. 14 and has immediately declared a second state of emergency.

... More

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Which demographic has the highest mortgage delinquency rate in Canada?

1/12/2021 | Posted in Mortgages and Real Estate by Paul DeAdder

The mortgage delinquency rate among Canadian seniors has reached its highest level in years, according to the Canada Mortgage and Housing Corporation.

... More

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Despite concerns about the economy, majority of Canadians continue to believe in the strength of the housing market

1/11/2021 | Posted in Canadian Housing Market by Paul DeAdder

Affordability and space limitations continue to impact purchase decisions as only 14% of Canadians polled would consider buying a home in a major metropolitan area.

... More

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What will happen to Bank of Canada rates in 2021?

1/7/2021 | Posted in Mortgage Interest Rates by Paul DeAdder

The Bank of Canada will likely leave the overnight lending rate unchanged for the whole of 2021, according to a recent forecast.

... More

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Bargain hunting buyers caused condo sales to soar in December: RBC

1/8/2021 | Posted in Condo Market by Paul DeAdder

Condo sales soared across the Toronto region in December, and as one economist wrote, it looked like buyers were out “in full force looking for bargains.”

... More

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Record December Home Resales And New Record In 2020 Average Selling Price

1/6/2021 | Posted in GTA Real Estate by Paul DeAdder

Despite an unprecedented year due to COVID-19, including necessary public health restrictions and uncertainty surrounding the economy, Greater Toronto Area REALTORS® ... More

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Time to lock in? The outlook for mortgages in 2021

1/5/2021 | Posted in Mortgages and Real Estate by Paul DeAdder

For those of you who need a mortgage in the next 12 months, here are five humble prophecies about the year ahead.

... More

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Bloomberg-Nanos: Canadians' optimism about home prices strongest in three years

1/5/2021 | Posted in Canadian Housing Market by Paul DeAdder

Canadians are feeling more confident about the continued rise in home prices now than at any point in the previous three years, a trend Bloomberg and Nanos Research called a ... More

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