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Bank of Canada governor's promise of low rates could spur housing speculators

After a long, treacherous spring - lots of action in the GTA market.
We really don't know our business future, but Bank of Canada Governor Tiff Macklem reassures that interest rates will remain low for at least two years.
Such a situation could unleash a wave of speculative demand in the country’s hottest housing markets, realtors and mortgage brokers warned.
More: click on this link: 

Cottage sales surge by as much as 25 per cent as Torontonians flee the city

Many "special happenings" leave more or less permanent marks in life, business habits, economy.
The same situation occurs in real estate during this COVID-19 times.
All those warnings from small cottage country mayors to stay away this spring haven’t discouraged Torontonians from hunting for vacation homes, say realtors in the resort destinations outside the city.
Some say the pandemic is boosting business as urbanites seek a change of scene in less populated communities, finally secure in the knowledge that the boss is OK with working from home.

The deep freeze is over, but real estate markets still a long way from normal

Vancouver, Toronto ... Canada’s most expensive cities may be on the brink of fully reopening, but when it comes to their residential real estate markets things are a long way from normal.
In Vancouver, the days of packed open houses for 100-year-old, three-bedroom detached houses priced at $1.2 million may be long gone, but so too is the pandemic-induced freeze on housing activity that gripped the market in April and May.
Now prospective buyers carefully enter thoroughly sanitized homes, donning masks and spending as little time as possible while touring.

CHMC's dropped crystal ball

Since the beginning of the coronavirus mess all different real estate organizations are bombarding us with their future market conditions.
I attached here another one - his time prepared (and retreated already) by CHMC.
Home prices in some of Canada’s major urban centres could decline by as much as 12 percent over the next 18 months before recovering in 2022, according to a new report from the Canada Mortgage and Housing Corp., the country’s federal housing agency.

Unprecedented rent drop in Toronto: it’s now cheaper to rent a condo than to own

Analysts and rental sites have been reporting since the Covid-19 lockdown: Toronto rents had dipped in what one market researcher said is an extraordinary moment. 
A growing supply of apartments — mostly in the condo sector — is hitting the market, as Covid-19 has stalled immigration and sent university students and some hourly workers home to shelter with their parents.

Toronto residential rents dropping because of COVID-19, figures suggest

I don't fully agree with the info in this article. The crisis in the Airbnb business has changed the rental scent temporarily, in my opinion.

Nearly Half of Young Ontarians Open to Buying a Home Virtually

Every generation has its new ideas and outlook on life.
Despite a new home (likely) being the biggest purchase they’ll make in their lifetime, many young Ontarians aren’t afraid to close the deal virtually.
In fact, according to a recent survey conducted by Nanos for Ontario Real Estate Association (OREA), some 48% of Ontarians between the ages of 18-34 said they’d be open or ‘somewhat open’ to signing on the dotted line for a home they’ve only seen over the internet.

How the pandemic is preventing some landlords from evicting tenants who endanger their safety

We are living in challenging times. Adding to it challenging to the landlord rules in Ontario we witness more often following scenarios.
When the Landlord and Tenant Board ordered the eviction of a tenant living in the basement of the Diaz family home in Scarborough, Sherr Marie Diaz thought her fear and anxiety were finally over.
"I can't do this anymore. Like, every day I fear for my mom," said Diaz, whose mother Josephine, 74, is the landlord.

Toronto Home Sales Continue to See Improvement Through May

It seems that the GTA's real estate market is unpredictable.
As we analyze the situation - some facts. 
Toronto home sales continued to move upwards in the last month of the pandemic, jumping from a low of -73% year-over-year in mid-April to ‘just’ -40% year-over-year in late May.

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