In toronto mortgage, Bank of Nova Scotia (BNS.TO), Canada’s third-biggest lender, has pulled back on mortgage lending in its domestic market, potentially insulating itself if house prices fall in Vancouver and Toronto. In toronto real estate, Canada’s banks face heightened scrutiny of their mortgage underwriting practices as authorities try to tackle the potential threat […]
Toronto home affordability has significant drop in 26 years – RBC
In Toronto real estate, RBC said that the overall cost-of-ownership measure hit 60.2 per cent of median pre-tax income at the end of June, 2016, mainly due to a run-up in single-detached home costs. RBC said the level of Toronto’s aggregate affordability measure was the highest since the third quarter of 1990. However, the bank’s […]
RBC says household debt goes up from higher credit lines, car loans
In toronto real estate, Canadians’ non-mortgage debt loads picked up pace in the second quarter, putting households in an increasingly risky position, an RBC analysis suggested. Balances on consumer loans including credit cards and lines of credit – grew by 2.6 per cent year-over-year, driven primarily by the continued popularity of lines of credit […]
Toronto East York is Very Attractive for Families
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, […]
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 […]
