The interest rate up and third Bank of Canada rate hike this year could shut more first-time buyers out of the Toronto region’s housing market. It will increase hundreds of dollars to some homeowners’ challenge mortgage payments. More first-time buyers may not qualify for mortgage. The central bank has raised its key lending […]
first time buyer
House price market correction is coming – National Bank
Vancouver’s detached home costs will fall 20 per cent over the next year as the number of homes changing hands in the city continues to plunge, National Bank said in a report on Friday. “In the case of vehicles of Vancouver, we guess the prices correction will begin soon,” National Bank economist Marc Pinsonneault […]
New regulations ‘not the end of the world’ in Toronto – Builder
In toronto real estate, while the Toronto condominium market will certainly feel the dampening effects of the recent changes to federal rules governing mortgages, a renowned builder and real estate broker was contended that such adjustments will not inevitably lead to price corrections and sales decline in the city.“It’s really not the end of […]
