In toronto real estate, while the Toronto condominium market will certainly feel the dampening effects of the recent changes to federal rules governing mortgages, a renowned builder and real estate broker was contended that such adjustments will not inevitably lead to price corrections and sales decline in the city.“It’s really not the end of […]
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Housing in Canada overheating but don’t expect a breakdown, a new report
In toronto real estate, forget all the housing crash talk says a new report that recommends prices acceleration in Canada’s housing market will slow down without any hard landing. Moody’s Analytics, which employed the Brookfield RPS house price index for its modelings, maintains that prices in Canada will slow down as some markets, especially […]
Canada tightens mortgage market rules, and some buyers will not be qualified
One of Canada’s largest mortgage default insurers says about one third of its consumers would have problems meeting the new required debt service ratios unveiled by Ottawa Monday and could ultimately be forced into lower priced houses. Finance Minister Bill Morneau unveiled plans that would force all insured borrowers to qualify for loans […]
Toronto home prices gain by 20%, and buyers encounter new mortgage rules
Toronto’s record-setting existing homes market released more eye-popping results for sales and prices, but realtors say they’ll have their eye on new federal mortgage rules and their impact on the market. The Toronto Real Estate Board said Wednesday it recorded 9,925 sales through the multiple listing service in September, a 21.5 per cent increase […]
