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 […]
housing bubble
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’s house price jump stirs fear foreign buyers may head Toronto
In toronto real estate, Toronto’s housing market churned out another month of soaring price gains in July, 2016, fuelling concerns that it could be the next target of a tax on foreign investors. Almost 10,000 resale homes changed hands in the Greater Toronto Area last month, the highest recorded number for the month of […]
Toronto suburbs looks more expensive than Toronto amid ‘acute shortage’ of homes
In toronto real estate, Toronto had another month of record-breaking home sales in July, 2016, but the city’s real estate board is warning of a “troubling trend” that is sending home affordability out of range. “While sales were up on a year-over-year basis, the number of new listings was down over the same period, […]
Canadian banks can withstand severe housing crisis, Moody’s says
Ratings agency Moody’s says that despite soaring home prices and household debt levels, Canadian banks could weather the effects of a severe housing downturn. In its latest report, published Monday, Moody’s says it conducted stress tests to determine the impact on major Canadian banks in the event of a 25-per-cent drop in home prices countrywide. […]
