Garry Marr
Financial Post
Toronto, ON, Canada
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Past articles by Garry:
One last gasp for the Canadian residential market as rule changes cloud 2018 outlook
Realtors are predicting a busy Christmas selling season as homebuyers rush to beat the latest deadline designed to further cool the market → Read More
Vancouver, Toronto and 3 other Canadian property markets still in ‘red zone’: CMHC
One of the major changes from the last quarter has been in Edmonton and Calgary. Both cities still score a "yellow" overall which is a moderate degree of market vulnerability but are in the red when it comes to overbuilding → Read More
Mortgage industry sees amortization loophole in OSFI’s new stress test rules
Canada’s banking regulator announced a new mortgage stress test that will come into effect January 1st, 2018. The latest stress test targets homebuyers with large down payments, who don’t require mortgage default insurance. → Read More
No tenant, no problem in Vancouver as new office towers break ground on speculation
With vacancy rates shrinking and rents climbing, developers see a safe bet in a city with a lot of condos, but not a lot of offices → Read More
Toronto condo leases are being snapped up at record speed despite 10% hike in rents
Intense competition means condos are being rented within 10 days of listing at average rents of $2,219 → Read More
Toronto condo leases are being snapped up at record speed despite 10% hike in rents
Intense competition means condos are being rented within 10 days of listing at average rents of $2,219 → Read More
Sears’ real-estate exodus will hit the hardest in small-town Canada
Finding tenants for empty Sears stores in Canada’s smaller centres will be tough and could lead to change in the retail landscape → Read More
Sears’ real-estate exodus will hit the hardest in small-town Canada
Finding tenants for empty Sears stores in Canada’s smaller centres will be tough and could lead to change in the retail landscape → Read More
Stricter OSFI rules on mortgage lending ‘will do more harm than good’: Fraser Institute
Fraser Institute doesn't believe the changes are necessary and says another key result could be a less competitive mortgage industry → Read More
Toronto home prices rebound sharply in September, but sales still slumping
The average sale price of a home climbed almost 6% from August, but sales are down 35% from the year before → Read More
“We clearly see the potential risks”: OSFI to finalize new mortgage criteria this month
The measures will be aimed at ensuring banks lend money to home buyers who can manage loans even if interest rates rise, and reducing the banks’ reliance on loan-to-value calculations → Read More
“We clearly see the potential risks”: OSFI to finalize new mortgage criteria this month
The measures will be aimed at ensuring banks lend money to home buyers who can manage loans even if interest rates rise, and reducing the banks’ reliance on loan-to-value calculations → Read More
WeWork is forced to find a second Vancouver location after Amazon eats up its first
Seattle-based online retail giant wanted immediate access to B.C.'s largest city, so it's leasing a 76,000 square foot WeWork location → Read More
Condo prices still on fire in Vancouver’s tale of two markets
Condos prices are up 22%, while pricey detached homes, favoured by foreign buyers and hit by a new tax, gained only 3% → Read More
Most of Airbnb’s revenue comes from what the hotel industry calls commercial operators
Industry association says multi-unit owning Airbnb hosts have an unfair tax advantage and want governments to level the playing field → Read More
Watchdog raises red flag because almost half of Ontarians see home as retirement plan
The OSC warns that if there is a housing price correction a lot of people will fall short on their retirement goals → Read More
1,000 rental units cancelled because of Ontario rent control, new report finds
The study warns that unless 6,250 additional new rental units are built each year for the next decade vacancy rates will continue to drop to critical levels → Read More
1,000 rental units cancelled because of Ontario rent control, new report finds
The study warns that unless 6,250 additional new rental units are built each year for the next decade vacancy rates will continue to drop to critical levels → Read More
M3 Mortgage Group acquires Verico to create $44B-loan giant amid market slowdown
The move gives the 6,000-broker strong company a presence spanning coast to coast and makes it the largest, fastest growing non-bank mortgage originator across the country → Read More
First Capital Realty-backed portfolio of 19 properties in Ottawa and Toronto on the market
Sources indicate the price range of the entire Main and Main portfolio would be $450 million to $550 million → Read More