Dated Archives: December 3, 2015

Day: December 3, 2015 CMHC finds foreign ownership of Toronto Condos low but growing

  Canada Mortgage and Housing Corporation has crunched the 2015 numbers on foreign ownership of condos in Canadian cities and again concluded that it is low but growing. In Vancouver, about 3.5 per cent of condominiums were owned by foreign buyers in 2015, up from 2.3 per cent a year earlier. The percentage jumped in the Burrard Peninsula, Vancouver Westside and Eastside to 5.4 per cent. In central Toronto, foreign ownership of condos was 5.8 per cent, versus 4.3 per cent a year earlier, while in greater Toronto it was 3.3 per cent, up from 2.4 per cent.   Condo

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Day: December 3, 2015 Toronto, Vancouver house sales set blistering pace in November 2015

  Home sales are at record levels in Toronto and near record levels in Vancouver, despite a steep run-up in prices that is putting housing out of reach for many first-time buyers. The era of rock-bottom mortgage rates shows signs of ending, with bond yields on the rise and the U.S. set to raise its benchmark rate late this month, but demand for homes was still outpacing supply in Canada’s two hottest housing markets. Mortgage rates inch higher from record summer lows Rate hike could leave mortgage holders stretched, survey finds A record 7,385 homes were sold in Toronto in November

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Day: December 3, 2015 Don’t Ruin Your Chance to Buy a Home with Holiday Spending

  If a new home purchase is in your future, or you’re currently under contract to purchase a new home soon, please read this! ‘Tis the season to spend, spend, spend. It’s hard sometimes not to get overwhelmed with the Holiday gift giving spirit. Shoppers around the country say they are planning to spend an average of $882 for gifts this holiday season, up from $861 last year according to the 31st annual survey on holiday spending from the American Research Group, Inc. Of that $882, a good portion of it usually goes on a credit card. Typically, this is

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