The $1-million price range isn’t so exclusive any longer, as a record number of homes sold for at least that much and a lot more in the Greater Toronto Area last year. In the GTA, 19,692 properties sold last year for $1-million or higher, a 77 -per-cent surge compared against 2015, according to […]
toronto home buyer
More Torontonians want hard-to-find detached homes, survey finds
More Torontonians are eyeing detached homes, even though those properties are the most difficult to buy. A brand-new investigate by the Ontario Real Estate Association surveyed 1,003 Ontarians looking to purchase a dwelling. Fifty per cent of them said they plan to buy a detached home in the next two years. In Toronto, that’s […]
Merry Christmas and A Happy New Year 2017
Toronto, Merry Christmas and A Happy New Year 2017 Toronto, Merry Christmas and A Happy New Year 2017 Thinking of selling your house or condo? For a free “Market Evaluation” without any obligation, click the image below and complete the “Home Evaluation Form”. For more information, please call or text Max […]
New mortgage stress test rules kick in
In toronto real estate, new rules aimed at stimulating it harder to get a mortgage take effect today, October 17, 2016, a move that is bound to have an impact on demand for homes in Canada. Earlier this month, Ottawa announced the moves, which boil down to a stress test for all insured mortgage […]
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 […]
