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New mortgage stress exam regulations kick in

November 14, 2021 by Central Toronto Real Estate Blog

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 […]

Filed Under: Toronto Buyer Posts, Toronto Mortgage Posts, Toronto Real Estate Posts Tagged With: central toronto real estate, insured mortgage, mortgage broker, toronto first-time buyers, toronto home buyer, toronto real estate

5 things to know when buying a home in the GTHA

September 18, 2021 by Central Toronto Real Estate Blog

5 things to know when buying a home in the GTHA

  If you’re thinking about buying a place to live in the Greater Toronto and Hamilton Area (GTHA), the price of housing is likely top of mind. And with prices continuing to go up — such as in Hamilton’s hot market — you may feel that what you can afford will limit where you can […]

Filed Under: Toronto Buyer Posts, Toronto Real Estate Posts Tagged With: GTA new home, toronto first-time buyers, toronto new home buyer, toronto real estate

Toronto buyers turn to condos as detached home costs stay high

July 20, 2021 by Central Toronto Real Estate Blog

Toronto buyers turn to condos as detached home costs stay high

  While perusing MLS listings of Toronto single-family houses, one would get the impression that one- and two-million-dollar homes are not out of the ordinary these days. Once again, the condominium seems to be the more affordable option for first-time buyers who want to continue to live in the City of Toronto. “When you look […]

Filed Under: Toronto Buyer Posts, Toronto Real Estate Posts Tagged With: central toronto real estate, toronto buyers, toronto first-time buyers, toronto real estate

Central Toronto Real Estate TRREB Released June, 2020 Resale Market Figures

July 17, 2020 by Central Toronto Real Estate Blog

Central Toronto Real Estate TRREB Released June, 2020 Resale Market Figures

Central Toronto Real Estate TRREB Released June, 2020 Resale Market Figures   Toronto Rеgіоnаl Rеаl Estate Bоаrd announced thаt Grеаtеr Toronto Area REALTORS® rероrtеd 8,701 sales thrоugh TRREB’ѕ MLS® Sуѕtеm іn June 2020. Thіѕ rеѕult represented a very ѕubѕtаntіаl іnсrеаѕе over the Mау 2020 ѕаlеѕ rеѕult, bоth on an асtuаl (+89 реr сеnt) and ѕеаѕоnаllу […]

Filed Under: Toronto Business Posts, Toronto Buyer Posts, Toronto Real Estate Posts, Toronto Seller Posts Tagged With: 2020 Resale Market Figures, acceleration in price growth, annual rate of growth, average selling  prices, buyer affordability, central toronto real estate, competition between buyers, condominium apartment, condominium apartment market, Condominium Aраrtmеnt Rеntаl Market, detached house prices, first-time buyers, first-time home buyer in toronto, growth in average selling  prices, growth in the number of sales, Hоmе Sales аnd Lіѕtіngѕ, increasing number of home buyers, interest rate cuts, low borrowing costs, mortgage stress test, OSFI stress test, OSFI stress test rules, pent-up demand, post-COVID-19, rate of price growth., real estate market, real estate market recovery, Sales growth, semi-detached house prices, shortage of listings, toronto first-time buyers, toronto real estate, year-over-year sales growth

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