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 […]
Toronto Real Estate Posts
OSFI increases domestic buffer to 2% amid household debt risk for big banks
OSFI increases domestic buffer to 2% amid household debt risk for big banks OSFI, the federal banking regulator, is increasing the domestic stability buffer for the country’s systemically important banks to 2.00 per cent from 1.75 per cent. The Office of the Superintendent of Financial Institutions said Tuesday that on balance […]
Toronto opposes Ford’s new housing plan for lack of affordable housing, reduced revenue
Toronto opposes Ford’s new housing plan for lack of affordable housing, reduced revenue Toronto council has voted to oppose the provincial government’s new housing supply plan, with city staff and councillors citing concerns about reduced city revenue, less control over planning, and a lack of “tools” to mandate affordable units. The new plan, heading […]
Central Toronto Real Estate TREB Released April, 2019 Resale Market Figures
Central Toronto Real Estate TREB Released April, 2019 Resale Market Figures TREB announced that the Greater Toronto Area REALTORS® reported a substantial year-over-year increase in home sales in April 2019. The number of residential transactions jumped by 16.8 per cent to 9,042 compared to 7,744 in April 2018. On a preliminary seasonally adjusted […]
Toronto housing slowdown reasons Bank of Canada showed
Toronto housing slowdown reasons Bank of Canada showed The Bank of Canada found the prices of the housing market went up way out of affordability range for buyers. The Bank estimated. that between 2015 and 2018, the rising cost of home ownership would have lowered annual home sales nationwide by a hefty 56,000 […]