Archive for February, 2018

February 27, 2018

Our GeoWarehouse® Solution will be down from Friday, March 2 at 7 p.m. until Saturday, March 3 at 2 a.m.

During this maintenance window, you will not be able to login to our online solution or make purchases through the e-store.

We apologize for any inconvenience this maintenance might cause you.

If you have further questions, or need assistance, please do not hesitate to call us at 416.360.7542 or 1.866.237.5937 or email us at


The next Bank of Canada rate announcement is coming up quickly, on March 7, 2018, and many Canadians are wondering whether it means interest rates increasing again.

For the past nine months, much speculation has circled around the Bank of Canada interest rate, ever since it began increasing in July of 2017 from 0.5% to 0.75%. Since then, it has increased twice more — once in September of 2017, going up to 1%, and again on January 18, 2018, going up to 1.25%.

During the January Bank of Canada rate announcement, officials said interest rates would likely be increasing even more in 2018. So, will we see another hike on March 7?

Since the January announcement, economic experts have been debating that very question — and so far the consensus is that while we likely won’t see interest rates increasing in March, it won’t be long before they do rise again.

Canada’s Parliamentary Budget Officer predicts the next interest rate increase will come in April.

“We continue to expect that the Bank of Canada will again raise its policy interest rate by 25 basis points in April,” the PBO said in the latest Economic and Fiscal Monitor report.

The PBO isn’t the only one making the prediction that interest rates will increase again — at least once this year — but other experts aren’t quite agreeing on when it will happen. While the Bank did say that further interest rate increases are likely in the forecast, the Governing Council also said that it would approach any further hikes with caution.

According to the CBC, markets currently aren’t predicting an interest rate increase in March, with only a 27.7 per cent probability of a boost. The CBC says interest rates are more likely to increase again closer to the end of 2018.

Bank of Canada governor Stephen Poloz has said that he doesn’t know when interest rates will increase again, as the answer is influenced by so many factors.

“…we’ve explained to people that there are a number of important issues that force us to not be mechanical or to use a rule or to plan ahead in that way,” Poloz told CNCB.

“We’ve said we are totally data dependent.”

In the same interview, Poloz also made mention of Canada’s high level of consumer debt and said that he felt the economy would be “more sensitive to higher interest rates than in the past.”

When the Bank of Canada increases interest rates again is also dependent on NAFTA, the North American Free Trade Agreement. U.S. President Donald Trump has threatened to withdraw from NAFTA, which would significantly alter the trade deal and Canada’s economy.

As of right now, it seems unlikely that we’ll see interest rates increasing in March, but so much can change so quickly it’s, of course, impossible to say for sure.

GeoWarehouse tools can help you stay on top of your game no matter what Bank of Canada rate announcements come our way. Our state-of-the-art mapping, research tools, and professional reports make you the expert. Learn more at

February 20, 2018

New mortgage rules are changing the Canadian real estate market. While it’s yet to be determined how much the market will change in response to the latest regulations, there is sure to be an impact.

The Office of the Superintendent of Financial Institutions announced the new mortgage rules in October 2017. They came into effect on January 1, 2018. In summary, Canada’s new mortgage rules include:

  • Uninsured mortgages with down payments of 20% or higher will be subject to an additional mortgage stress test.
  • Lenders will be under more scrutiny around the loan-to-value ratio.
  • New limitations on co-lending or bundled mortgages.

What does this mean for the real estate sales professional?

Experts say the biggest impact of the new mortgage rules are that house hunters will be able to afford less home for the same amount of money. This could mean that people shopping in less affordable markets, such as Toronto or Vancouver, will only be able to afford a condo potentially, instead of a house. It could also mean that homebuyers may move away from more expensive neighbourhoods. Experts predict the new mortgage rules will be hardest for first-time homebuyers as it will be harder to qualify for a mortgage.

Real estate sales professionals who sell in a more suburban area may see the opposite of a cooling. It’s possible those selling in more affordable markets will actually see a rapid influx of purchases as house hunters move away from more expensive neighbourhoods, choosing to commute or work remotely. If this happens, you will need to be agile to adapt to the increased demand.

If you’re selling in a more expensive neighbourhood, you would also need to be agile — consider expanding your market, or targeting new demographic markets. Toronto buyers may be more able to afford condos versus homes. Or perhaps you can shift your focus to a more affordable area.

In either case, with new mortgage rules in effect, real estate sales professionals need to stay competitive. Having good tools is the best way to remain agile in a changing Canadian real estate market. Technology, such as the tools offered through GeoWarehouse, can help you assess your clients’ buying abilities and financial situation. Tools such as the GeoWarehouse Demographics Report can pinpoint opportunities in your existing market or point you to new neighbourhoods.

GeoWarehouse has the tools to help you stay competitive. Visit today to see them all.

*An official product of the Ontario government pursuant to provincial land registration statutes.

February 14, 2018

Toronto index stopped trending down in January

In January the Teranet–National Bank National Composite House Price IndexTM  rose 0.3% from the previous month, a tic higher than the historical average for January and a second consecutive monthly increase. However, only four of the 11 metropolitan markets surveyed showed gains – the first time since January 2016 that a rise in the Composite Index has had so little breadth. It was due mainly to a second straight monthly jump of the index for the important Vancouver market (1.2% in January on the heels of 1.3% in December). The Toronto index rose 0.2%, the Victoria index 1.0% and the Montreal index edged up 0.1%. All the other component indexes were down on the month: Hamilton (−0.2%), Ottawa-Gatineau (‑0.2%), Edmonton (−0.3%), Calgary (−0.3%), Halifax (-1.0%), Winnipeg (−1.1%) and Quebec City (−2.0%).  For Montreal, it was a 13th monthly increase, and for Hamilton it was a fifth decrease in a row.

The rise of the Toronto index was the first in six months. The raw (unsmoothed) Toronto index [1]on which it is based was up for a third consecutive month. The firming of the smoothed index is due entirely to condo dwellings. The smoothed index for non-condo units fell in January for a sixth straight month, bringing its cumulative decline to 9.6%.

Teranet-National Bank National Composite House Price Index™

For Vancouver, January was a ninth consecutive month without a decline. The cumulative rise over that period was 14.5% – 18.2% for condo units and 11.4% for all other housing. Vancouver and Montreal were the only markets surveyed whose index reached an all-time high in January.

In January the composite index was up 8.7% from a year earlier, the smallest 12-month rise since May 2016 and a seventh consecutive deceleration from the record 12-month gains of 14.2% last June. The January 12-month rise was led by Vancouver (16.9%), Victoria (12.3%) and Hamilton (9.8%). Toronto’s rise of 8.4% from a year earlier was slightly below the countrywide average. The 12-month advance was below the countrywide average but still respectable for Ottawa-Gatineau (5.6%), Montreal (5.4%), Winnipeg (3.6%) and Halifax (2.5%). It was minimal for Calgary (0.1%) and zero for Edmonton. The Quebec City index was down 1.2% from a year earlier.

Indexes were up from a year earlier for all of 14 markets not included in the countrywide composite index, though the rise ranged widely from 2.8% in Sudbury (Ontario) to 21.4% in Abbotsford-Mission (B.C.).

For the full report including historical data, please visit our website:


Valentine’s Day is right around the corner and we want to be your date! Join us for one of our superb real estate training sessions. W have several happening this week.

If you’re too busy spending time with your loved one, we have you covered. If you see a real estate training session you like but can’t attend this month, reserve your spot now to join us at a later date.

You can get GeoWarehouse training for FREE.  We offer several training options to fit your learning style, from webinars to in-classroom training sessions.

Check out what we have to offer:

NEW GeoWarehouse Webinars for Real Estate Board members

These webinars are for Real Estate Board members who would like to learn more about the NEW GeoWarehouse.

Webinar #1: All About NEW GeoWarehouse.

Learn about all of the features available in your GeoWarehouse subscription. Topics include how to search for a property, how to use the Property Report and Comparable Sales Report, and how to purchase official records from the Land Registration System of Ontario.

This webinar is available on:

  • Tuesday, February 20, 2018: 1 p.m. to 2:30 p.m.
  • Monday, March 19, 2018: 1 p.m. to 2:30 p.m.
  • Monday, April 23, 2018: 10 a.m. to 11:30 a.m.

Sign up for the webinar here.

Webinar #2: NEW GeoWarehouse – Tips & Tricks

Explore the top tips & tricks and best practices for using the NEW GeoWarehouse.

Sessions are happening:

  • Monday, March 5, 2018: 10 a.m. to 11 a.m.
  • Monday, April 9, 2018: 10 a.m. to 11 a.m.

Sign up for the webinar here.

Webinar #3: NEW Geowarehouse – All About Condos 

Learn all about the unique GeoWarehouse features related to condo-type properties using the NEW GeoWarehouse, including how to recognize if a condo status certificate is available.

Training webinars are scheduled for:

  • Monday, February 12, 2018: 3 p.m. to 4 p.m.
  • Monday, March 12, 2018: 10 a.m. to 11 a.m.
  • Monday, April 16, 2018: 10 a.m. to 11 a.m.

Sign up for the webinar here.

Webinar #4: NEW GeoWarehouse – PDF Reports

Become an expert on generating and customizing the PDF Property Report, Comparable Sales Report, and Client Report.

Join us on:

  • Monday, February 12, 2018: 10 a.m. to 11 a.m.
  • Monday, March 26, 2018: 10 a.m. to 11 a.m.
  • Monday, April 16, 2018: 10 a.m. to 11 a.m.

Sign up for the webinar here.

Webinar #5: The GeoWarehouse e-Store

Delve deep into the additional due diligence opportunities available through the GeoWarehouse e-Store, such as Parcel Registers*, Instrument Images*, Aerial Imagery, and more.

Sign up for:

  • Monday, March 5, 2018: 3 p.m. to 3:30 p.m.
  • Monday, April 9, 2018: 2 p.m. to 2:30 p.m.

Sign up for the webinar here.

NEW GeoWarehouse Webinars for Standard GeoWarehouse Subscribers

This webinar is for organizations that have a Standard GeoWarehouse subscription and would like to learn about the NEW GeoWarehouse. You’ll discover how to make the most of your subscription, including maximizing your branding opportunities, performing additional due diligence, and generating customized reports that give you the data you need.

Join us on one of the following dates:

  • Tuesday, February 20, 2018: 3 p.m. to 4:30 p.m.
  • Monday, March 19, 2018: 10 a.m. to 11 a.m.
  • Monday, April 23, 2018: 1 p.m. to 2:30 p.m.

Sign up for the webinar here.

If you’d prefer to join us for an in-person training, we will be presenting live at the following:

February 14, 2018: Royal LePage State Realty in Hamilton

February 20, 2018: Coldwell Banker in Oshawa

March 8, 2018: Royal LePage Frank in Uxbridge

April 4, 2018: Sutton Group Quantum Realty Inc., in Oakville

April 11, 2018: PSR | brokerage in Toronto

April 17, 2018: Kitchener-Waterloo Association of REALTORS®

April 19, 2018: Durham Real Estate Board 

May 16, 2018: Ottawa Real Estate Board

June 6, 2018: PSR | brokerage in Toronto

October 16, 2018: Kitchener-Waterloo Association of REALTORS®

If you would like to join any of these sessions, please contact the Real Estate Board or Organization directly to register.

Learn more about our real estate training opportunities at or by contacting Theresa Corindia, the GeoWarehouse Training Program Leader, at or 1-866-237-5937 ext. 2224.


Canadian real estate industry events can be a great opportunity for real estate sales professionals. For one thing, the events are informative and chockfull of great information you can put to practical use. For another, they allow you time to meet others in your field and get a birds’ eye view of the Canadian real estate industry.

No real estate sales professional is an island, and one of these events could help you make 2018 your most profitable and productive year yet.

Here are some of the upcoming 2018 real estate events:

February 27 to March 1, 2018: OREA Conference

February 27, 2018: RealCapital Conference

February 28, 2018: Toronto Mortgage Symposium

March 3, 2018: The Investor Forum

April 10, 2018: Saskatoon Mortgage Symposium

April 12, 2018: Winnipeg Mortgage Symposium

April 20, 2018: Canadian Mortgage Awards: April 20, 2018

April 25, 2018: Ottawa Mortgage Symposium

May 3, 2018: Mortgage Awards of Excellence

May 17, 2018: Burnaby Mortgage Symposium

May 28 to 29, 2018: AMBA-MPC Conference

May 29 to 31, 2018: Real Estate Institute of Canada Annual Conference & AGM

May 30 to 31, 2018: Realtor Quest

June 11, 2018: Halifax Mortgage Symposium

July 16 to 20, 2018: Inman Connect Conference

October 28 to 29, 2018: National Mortgage Conference: Montreal

The tools offered by GeoWarehouse can help you stand out during these Canadian real estate industry events and in your own business. Our property tools make you the expert. Learn more at

February 1, 2018

Our GeoWarehouse® Solution will be down from Friday, February 2nd at 10:00 p.m. until Saturday, February 3rd at 1:00 a.m.

During this maintenance window, you will not be able to login to our online solution or make purchases through the e-store.

We apologize for any inconvenience this maintenance might cause you.

If you have further questions, or need assistance, please do not hesitate to call us at 416.360.7542 or 1.866.237.5937 or email us at


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