In toronto real estate, forget all the housing crash talk says a new report that indicates prices acceleration in Canada’s housing market will slow down without any hard landing. Moody’s Analytics, which utilized the Brookfield RPS house price index for its frameworks, is of the view that prices in Canada will slow down as […]
Toronto Mortgage Posts
CMHC elevates red flag about housing, warns of Toronto, Vancouver price spillover
In toronto real estate, the head of the federal housing agency is elevating a red flag about the state of Canada’s real estate sector, saying affordability fears have spilled over from the country’s two most expensive cities to nearby markets. In an article published Monday in the Globe and Mail, CMHC CEO Evan Siddall says […]
New mortgage stress exam regulations kick in
In toronto real estate, new regulations aimed at inducing it harder to get a mortgage take effect today, October 17, 2016, a move that is bound to have an impact on demand for homes in Canada. Earlier this month, Ottawa announced the moves, which boil down to a stress exam for all insured mortgage […]
Major changes to Canada’s housing and mortgage lending rules
In toronto real estate, the Liberal government has announced sweeping changes aimed at ensuring Canadians aren’t taking on bigger mortgages than they can afford in an era of historically low interest rates. The changes are also meant to address concerns related to foreign buyers who buy and flip Canadian homes. Below is a breakdown […]
If the Condo Price Seems Much Lower, There Are Reasons Why
If you’ve ever searched for condos in the Toronto or GTA area without putting a lower limit filter on price, then you’ve probably seen some “crazy deals” of 2, 3, and even 4 bedroom condos for sale listed under $250,000. The units are sometimes even completely renovated like new flooring, brand new kitchens and […]