Canada’s housing market has become riskier over the past two years, with risk levels similar to those seen during the financial crisis a decade ago, the International Monetary Fund (IMF) said in a report released this week. But there is good news: The measures Canadian policymakers have taken over the past several years […]
qualify mortgage
Interest Rate up inject to homebuyers’ challenges, more first-time buyers may not qualify
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 […]
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 […]
