A national spike in private home sales has reignited the debate around the value of hiring a realtor versus trying to sell your home yourself. Even though the private sale market has grown, realtors are still the best bet in terms of selling or buying a home without issue. In Vancouver, the country’s busiest […]
Toronto Real Estate Posts
Vancouver homeowners become Canada’s first ‘city of millionaires,’ study notes
In toronto real estate, a strong housing market is making Canadians wealthier, on paper, as the value of their homes outstrips a rising amount of debt. In toronto personal finance, household debt across the country grew by 4.1 per cent last year to an average of $133,170 while average household net worth increased slightly […]
Toronto housing market staying stronger, while Vancouver’s slowing down – TD Bank
In toronto real estate, Toronto continues to maintain its housing market momentum whiles Vancouver real estate market looks to be softening. In a report published Tuesday, TD Bank said Vancouver has started what is expected to be a modest correction, which will be reinforced by the recent implementation of the land transfer tax on […]
Scotiabank cuts down in mortgage lending business, stays vigilant
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 […]
