The number of newer rental apartments in the GTA that are empty and ready for new tenants is at its highest level since a leading real-estate consulting firm started keeping track in 2015. According to Urbanation’s survey of purpose-built apartments completed since 2005, the average vacancy rate rose from a low of […]
Toronto Personal Finance Posts
In Toronto stepping up from Renting To Buying A Condo Is Getting Harder
In Toronto stepping up from Renting To Buying A Condo Is Getting Harder Runaway price growth for single-family homes is a thing of the past in Toronto and Vancouver today, thanks to rising interest rates and tougher mortgage rules. But with prices still high, buyers have turned to other options. Or […]
Bank of Canada may follow Fed with rate cuts later this year, traders bet
Bank of Canada may follow Fed with rate cuts later this year, traders bet The Bank of Canada is likely to join the U.S. Federal Reserve with an interest rate cut this year to deal with the fallout from rising trade tensions, according to trading in the swaps market. Investors are […]
OSFI moves up domestic buffer to 2% in growing household debt risk for big banks
OSFI moves up domestic buffer to 2% in growing 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 […]
Canadian mortgage rates decreases to the lowest level in 2 years
Canadian mortgage rates decreases to the 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 […]
