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 […]
toronto real estate
CMHC elevates red flag about housing, warns of Toronto, Vancouver price spillover
In toronto real estate, the head of the federal housing agency is raising a red flag about the government of Canada’s real estate sector, saying affordability fears have spilled over from the country’s two most expensive cities to nearby markets. In an opinion piece written Monday in the Globe and Mail, CMHC CEO Evan […]
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 […]
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 […]
