You Can Build Your Upgraded Home In A Good School District 1 Northridge Ave List Price: $699,000 Neighbourhood: Old East York, Toronto In toronto real estate, with the number of Toronto listings at all time lows, and an ever increasing demand, a perfect storm is created for homebuyers: options are slim, competition is high, […]
toronto mortgage
Royal Bank Monitors A Close Eye On Housing In Toronto, Vancouver
In toronto real estate, Royal Bank CEO David McKay says the lender is “closely monitoring” the real estate markets in Vancouver and Toronto, where home prices have been climbing at a breakneck pace. “The short supply of single-family homes in both cities — coupled with strong demand fuelled by household formation, including net immigration […]
30 year mortgage becomes new norm in Toronto and Vancouver with soaring home prices
The loans with 30-year amortizations, as opposed to 25 years, are slowly becoming the norm for consumers with a down payment of 20 per cent or more. That segment of the market is often referred to as the less risky, low-ratio mortgage market: Since the loans have more equity, it takes a more pronounced […]
Add your mortgage lender in your big-reno team
The home renovators should consider the lending requirements of the of financial lenders first. Banks and other lenders don’t care about homey aesthetics, paint colours or kitchen fixtures. Their taste squarely revolves around whether a house that needs refinancing for a renovation is more or less livable, and not a construction site. Mortgage brokers explain that […]
The reasons Canada’s interest rates might stay low
The Bank of Canada governor expressed confidence that regulatory changes were limiting home loans to those best able to finance them. It was the clearest statement yet that the central bank’s controversial decision to keep interest rates ultra-low won’t be altered over worries about a housing bubble or rising household debt levels. Unlike […]
