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Toronto is U.S. and Canada’s fastest-growing city, and that’s not good

June 11, 2019 by Central Toronto Real Estate Blog

Toronto is U.S. and Canada’s fastest-growing city, and that’s not good

    Toronto is U.S. and Canada’s fastest-growing city, and that’s not good   Torontonians could find themselves “doubling up” on housing with friends or relatives in the incoming years as the city’s breakneck population growth outstrips the supply of new housing, an urban planning expert is warning.   In an analysis published online this […]

Filed Under: Toronto Business Posts, Toronto Buyer Posts, Toronto News Posts, Toronto Real Estate Posts, Toronto Seller Posts Tagged With: affordability, affordability crisis, affordable homes, below market rates, Canada Mortgage and Housing Corp, condo affordability, diverse housing stock, doubling up, doubling up on housing, existing homeowners, falling house prices, fastest-growing city, fastest-growing city in the U.S. or Canada, higher interest rates, home construction, home sales slowdown, housing affordability, housing completions, housing crisis, housing demand numbers, Housing starts, Housing starts in Ontario, inclusionary zoning, interest rates, large condo buildings, low interest rates, low-rise neighbourhoods, mandate inclusionary zoning, market-priced units, more housing supply, mortgage affordability, mortgage interest rates, multi-unit buildings, NIMBY, North American recession, population growth, prefer low-rise housing, rent affordability, resale condos, resale condos better deal, serious housing crisis, single-family home neighbourhoods, supply of new housing, Toronto housing affordability, toronto housing interest rates, tripling up, urban planning expert, yellow belt

Canadian mortgage rates goes down to their lowest level in 2 years

June 11, 2019 by Central Toronto Real Estate Blog

Canadian mortgage rates goes down to their lowest level in 2 years

  Canadian mortgage rates goes down to their lowest level in 2 years   House prices may be as high as ever in Toronto in June, 2019, but Toronto homebuyers are being offered some of the lowest mortgage rates seen in 2 years as lenders battle to drum up new business.   Rates on a standard […]

Filed Under: Toronto Business Posts, Toronto Buyer Posts, Toronto Mortgage Posts, Toronto Personal Finance Posts, Toronto Real Estate Posts, Toronto Seller Posts Tagged With: amortization periods, bank of canada, Bank of Canada's benchmark rate, benchmark rate, bond market, central toronto real estate, competitive market, extending amortization periods, five-year fixed rates, five-year fixed-rate mortgage, five-year Government of Canada bond rate, fixed loans, fixed-rate loans, fixed-rate mortgage, fund mortgages, home buying, homebuyers, house prices, Housing policy, interest rates, Lower interest rates, mortgage, mortgage borrowers, mortgage brokerage, mortgage lender, mortgage rates, mortgage renewal, mortgage stress test, overnight index swaps, slide in mortgage rates, spring months, stress test, stress test rules, toronto real estate

Canada housing market has grown riskier, IMF has reported

April 7, 2019 by Central Toronto Real Estate Blog

Canada housing market has grown riskier, IMF has reported

  Canada’s housing market has grown riskier over the past two years, with risk levels similar to those seen during the financial crisis a decade ago, the International Monetary Fund (IMF) said in a report released this week.   But there is good news: The measures Canadian policymakers have taken over the past several years […]

Filed Under: Toronto Business Posts, Toronto Mortgage Posts, Toronto Personal Finance Posts, Toronto Real Estate Posts Tagged With: affordability crisis, Canadian housing market, debt crisis, destabilize, direct investment, downside risks, financial crisis, financial risk, foreign buyers, foreign buyers' tax, foreign money, Global Financial Stability Report, higher house prices, home affordability, house prices, house valuations, household debt, household incomes, housing affordability, housing market, housing market in Canada, housing markets, IMF, inflow of cash, International Monetary Fund, less stable, mortgage affordability, mortgage borrowers, mortgage stress test, new mortgage rules, OSFI, overvaluation, qualify mortgage, risk of crisis, Toronto housing affordability, toronto housing market

Central Toronto Real Estate TREB Released January, 2019 Resale Market Figures

February 13, 2019 by Central Toronto Real Estate Blog

Central Toronto Real Estate TREB Released January, 2019 Resale Market Figures

  Central Toronto Real Estate TREB Released January, 2019 Resale Market Figures   Toronto Real Estate Board announced that Greater Toronto Area REALTORS® reported 4,009 home sales through TREB’s MLS® in January 2019 – up by 0.6 per cent compared to January 2018. On a preliminary seasonally adjusted basis, sales were up by 3.4 per […]

Filed Under: Toronto Business Posts, Toronto Buyer Posts, Toronto Mortgage Posts, Toronto News Posts, Toronto Real Estate Posts, Toronto Seller Posts Tagged With: 2019 Market Figures, average selling price, borrowing costs, central toronto real estate, condominium apartment, condominium apartment sales, Higher borrowing costs, higher mortgage payments, home price growth, housing options, January, Market Figures, mortgage, mortgage affordability, mortgage payments, mortgage qualifying, mortgage rate, mortgage stress test, new listings, new mortgage rules, residential transactions, stress test, toronto real estate, Toronto Real Estate Board, Toronto Real Estate Board Market Watch, Toronto Real Estate Market Watch, treb, TREB market area, treb market report January 2019, TREB MLS system

40% of Canadians don’t pay income taxes, Prime Minister Trudeau is right

February 11, 2019 by Central Toronto Real Estate Blog

40% of Canadians don’t pay income taxes, Prime Minister Trudeau is right

  40% of Canadians don’t pay income taxes, Prime Minister Justin Trudeau is right   The top 20 per cent is likely paying 70 per cent or more of all income taxes   Trudeau was speaking the complete truth when it comes to income taxes (HST, realty taxes and other consumption taxes are another story). […]

Filed Under: Max's Humble Comments - Toronto Real Estate, Toronto Business Posts, Toronto Lifestyle Posts, Toronto News Posts, Toronto Personal Finance Posts, Toronto Real Estate Posts Tagged With: Canada Child Benefit, Canada government grants, Canadian taxpayers, Canadians, charitable donations, consumption taxes, CRA, effective tax, federal government grants, Fraser Institute, government benefits, health-care expenses, household income, HST, HST tax credit, income tax, income taxes, Justin Trudeau, Northern Ontario energy credit, Ontario Energy credit, Ontario sales tax credit, Ontario Trillium Benefits, provincial government grants, realty taxes, RRSP, RRSP deductions, tax fairness, tax-free benefits, tax-free payouts, top tax bracket, zero-per-cent tax

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