TORONTO — A record number of homes were sold across the country in March, although the Vancouver and Toronto markets saw sales declines from the previous month, the Canadian Real Estate Association said Friday. March was the first full month for new federal mortgage rules primarily aimed at reducing buyers’ appetite for expensive properties […]
foreign home buyer
Two-thirds of millennials expect to afford a Toronto-area home, study suggests
Toronto’s hot housing market hasn’t torched the home ownership dreams of first-time buyers. About two-thirds of millennials in the Toronto area expect to own their own home, according to a survey by Pollara for Bank of Montreal being released Wednesday. That’s despite a higher average purchase price of $465,000 in Toronto, compared to the […]
Foreign home buyers – How other countries limit money from abroad
It was revealed this week that the Canada Mortgage and Housing Corporation is trying to keep tabs on foreign money in Canada’s residential real estate market. The national housing agency has come under fire in recent years for a conspicuous lack of reliable data about the money coming from abroad and how it may be […]
Buying a home – Buyer’s guide
Buying a home – Buyer’s guide 1. Start with your credit. Credit reports are kept by the three major credit agencies, Experian, Equifax, and TransUnion. They show whether you are habitually late with payments and whether you have run into serious credit problems in the past. A credit score is a number calculated […]
