In toronto real estate, forget all the housing crash talk says a new report that recommends prices acceleration in Canada’s housing market will slow down without any hard landing. Moody’s Analytics, which employed the Brookfield RPS house price index for its modelings, maintains that prices in Canada will slow down as some markets, especially […]
central toronto real estate
New mortgage stress test rules kick in
In toronto real estate, new rules aimed at stimulating 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 test for all insured mortgage […]
Toronto home prices gain by 20%, and buyers encounter new mortgage rules
Toronto’s record-setting existing homes market released more eye-popping results for sales and prices, but realtors say they’ll have their eye on new federal mortgage rules and their impact on the market. The Toronto Real Estate Board said Wednesday it recorded 9,925 sales through the multiple listing service in September, a 21.5 per cent increase […]
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 […]
Developer Urbancorp’s home buyers lost fight in court to complete their purchases
In central toronto real estate, buyers in several insolvent Urbancorp projects have lost their bitter fight to convince a court to let them complete the purchase of their homes. On Thursday, an Ontario Superior Court judge approved the sale of six Urbancorp development sites in the Greater Toronto Area to five different buyers – […]
