Category: Real Estate

  OTTAWA – Mortgage borrowing reached record highs in 2020, with households adding nearly $108 billion in mortgage debt, compared with less than two-thirds of that amount in 2019 and just under $46 billion in 2018. Despite the economic upheaval caused by the pandemic, expected credit losses on mortgage loans remained slight, accounting for 0.1% of mortgage debt as a... Read More

  TORONTO – Despite an unprecedented year due to COVID-19, including necessary public health restrictions and uncertainty surrounding the economy, Greater Toronto Area REALTORS® reported over 95,000 home sales in 2020 – the third-best result on record. The average selling price reached a new record of almost $930,000. “The Greater Toronto Area housing market followed an unfamiliar path in 2020.... Read More

  VANCOUVER – As COVID-19 continues to impact the Canadian commercial real estate industry, Colliers Canada’s 2020 Q4 National Market Snapshot shows that the Canadian office market continues to experience rising vacancy rates – reaching a high of 10.8% in the fourth quarter of the year. However, the data shows that while office vacancy rates continue to rise, Canada’s industrial... Read More