Clarrie Feinstein

Toronto

Reporter at The (Toronto) Star

business, real estate reporter @TorontoStar | UofT & NYU alum

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Articles

Toronto-area home prices finally start to fall as buyers gain negotiating power

1 week ago | thespec.com | Clarrie Feinstein

Toronto-area home prices dropped four per cent in April as buyers gained greater negotiating power following months of drastic sale declines. Sales in April did pick up 1.8 per cent compared to March, but saw a staggering drop of 23 per cent year over year, according to the Toronto Regional Real Estate Board’s (TRREB) April report. There were 5,601 sales in April, the lowest April sales data since 2010, with the exception of April 2020 right after pandemic lockdowns began.
Liberal candidate has ‘guarded optimism’ as Milton East—Halton Hills South riding flips

1 week ago | thespec.com | Clarrie Feinstein

The unconfirmed MP-elect in the Milton East—Halton Hills South riding is proceeding with “guarded optimism” as the razor thin margin triggers an official recount. Preliminary results showed that Conservative candidate Parm Gill had won the riding with 32,186 votes, with Liberal candidate Kristina Tesser Derksen coming in second with 31,888 votes — a difference of 298 votes.
Carney, Poilievre want to turn back the clock on housing — but 2025 is not your parents’ market. Here’s what their plans could mean for you

2 weeks ago | thespec.com | Victoria Gibson |Clarrie Feinstein

As Canada’s prime ministerial hopefuls look to the future, they’re promising voters a rewind to the past — striding onto the campaign trail this spring with vintage visions of what this country’s housing market should offer its citizens. In an election that has turned into a race between the Liberals’ Mark Carney and the Conservatives’ Pierre Poilievre, both leaders have promised to strive for the housing advantages of past generations.
Banks more likely to deny mortgages for workers threatened by Trump tariffs, brokers warn

1 month ago | stcatharinesstandard.ca | Ana Pereira |Clarrie Feinstein

Personalised advertising and content, advertising and content measurement, audience research and services developmentStore and/or access information on a deviceYou can choose how your personal data is used.
Banks more likely to deny mortgages for workers threatened by Trump tariffs, brokers warn

1 month ago | thespec.com | Ana Pereira |Clarrie Feinstein

Canadian workers in industries threatened by U.S. tariffs could soon have a harder time qualifying for a mortgage, warn mortgage brokers, as one major bank has already restricted lending and others are expected to make similar moves. In an internal memo shared with brokers, BMO recently announced it would tighten lending criteria for self-employed borrowers working in aluminum and steel as well as other “high-risk” industries, including manufacturing, farming and natural resources.
Ontario cottage country enters sluggish spring market following dip in prices, report says

1 month ago | thespec.com | Clarrie Feinstein

Ontario’s cottage country is off to a sluggish start to the spring market as the majority of properties sit for longer this year compared to last, with activity expected to remain dampened. However, winterized cottages remain the most sought after. Despite lower interest rates, demand for recreational homes has been softer than usual as the spring market kicks off, according to a Royal LePage report published Wednesday.
Ontario cottage country enters sluggish spring market following dip in prices, report says

1 month ago | stcatharinesstandard.ca | Clarrie Feinstein

Personalised advertising and content, advertising and content measurement, audience research and services developmentStore and/or access information on a deviceYou can choose how your personal data is used.
Tarion deposit payout expected to hit $80 million for 2024, the highest in its history — with majority of claims for illegally sold homes

2 months ago | thespec.com | Clarrie Feinstein

Tarion provided “the highest amount of consumer support in its history” last year, aiding more than 1,000 homeowners who had lost deposits because of builder receiverships. According to Tarion, the provincial new home warranty provider expects to have paid out around $80 million in warranty coverage for purchaser deposit claims in 2024 (the finalized amount will be published in a year-in-review report this spring).
Tarion deposit payout expected to hit $80 million for 2024, the highest in its history — with majority of claims for illegally sold homes

2 months ago | stcatharinesstandard.ca | Clarrie Feinstein

Tarion provided “the highest amount of consumer support in its history” last year, aiding more than 1,000 homeowners who had lost deposits because of builder receiverships. According to Tarion, the provincial new home warranty provider expects to have paid out around $80 million in warranty coverage for purchaser deposit claims in 2024 (the finalized amount will be published in a year-in-review report this spring).
Interest rate cut a ‘silver lining’ for homeowners, but not enough to pull buyers into a spring market, experts say

2 months ago | thespec.com | Clarrie Feinstein

The Bank of Canada cut its key interest rate for the seventh consecutive time, providing relief for variable-rate mortgage holders, but it won’t be enough to get a flood of homebuyers back into the spring market, experts say. “The Bank of Canada’s rate cut is a positive step, but it’s not going to dramatically change the spring housing picture,” said Leah Zlatkin, licensed mortgage broker and LowestRates.ca expert. She said trade tensions and worries about a recession are making buyers hesitate.

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Clarrie Feinstein @ClarrieF

15 Apr 25

RT @TorontoStar: Toronto and Hamilton-area new condo market sees the slowest quarter in 30 years, says new report https://t.co/H6pWPWzacQ

Clarrie Feinstein @ClarrieF

8 Apr 25

RT @Jleerankin: Journalism jobs alert: Applications are open for @TorontoStar's year-long paid reporting and photo internships, as well as…

Clarrie Feinstein @ClarrieF

2 Apr 25

RT @maywarren11: New from @ClarrieF and me on Toronto's pre-construction condo crisis: We reviewed almost 130 lawsuits brought by two devel…

Clarrie Feinstein

Articles

Toronto-area home prices finally start to fall as buyers gain negotiating power

Liberal candidate has ‘guarded optimism’ as Milton East—Halton Hills South riding flips

Carney, Poilievre want to turn back the clock on housing — but 2025 is not your parents’ market. Here’s what their plans could mean for you

Banks more likely to deny mortgages for workers threatened by Trump tariffs, brokers warn

Banks more likely to deny mortgages for workers threatened by Trump tariffs, brokers warn

Ontario cottage country enters sluggish spring market following dip in prices, report says

Ontario cottage country enters sluggish spring market following dip in prices, report says

Tarion deposit payout expected to hit $80 million for 2024, the highest in its history — with majority of claims for illegally sold homes

Tarion deposit payout expected to hit $80 million for 2024, the highest in its history — with majority of claims for illegally sold homes

Interest rate cut a ‘silver lining’ for homeowners, but not enough to pull buyers into a spring market, experts say

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