The Latest information in Pre-Construction Condos
Budget 2019 introduces the First-Time Home Buyer Incentive
Part 1. CMHC Shared Equity Loan.
The Incentive would allow eligible first-time home buyers who have the minimum down payment for an insured mortgage to apply to finance a portion of their home purchase through a shared equity mortgage with…
GTA Condominium Market Q1
New condo sales declined 58% in 2018 from a record high.
New launch prices grew by 56% over the past two years to surpass $1,000 psf in Toronto.
Annual growth in condo resale prices and condo rents moderated in Q4 to below 7%.
A…
A first-time homebuyer’s guide to purchasing home insurance
If you’ve ever nervously watched water drip from your apartment ceiling, or have nearly set your oven ablaze by neglecting a tray of chicken fingers, you’ve probably found comfort in your tenant’s insurance coverage. Homeownership is no…
Fewer new homes are being built in Canada now, and mortgage rules and affordability are to blame
Canadians who are looking to buy homes aren’t the only ones feeling the pinch from mortgage rules the federal government brought in last year.
The rate of homebuilding in the country took a surprising tumble in February, and it’s related…
Canada’s central bank could pull a U-turn on interest rate hikes as the economy takes a hit
The Bank of Canada for some time has been suggesting higher and higher interest rates are coming soon — until this week.
Economists are noting the central bank took on a dovish (read: less aggressive) tone at its March 6th policy meeting…
3 key predictions for Canada’s spring 2019 housing market
Canada’s newly-minted hottest housing markets are going to see prices soar even higher this spring while struggling regions will continue plodding on.
At least that’s what an economist with one of Canada’s Big Six Banks is expecting…
8-floor condo intended for Bayview Ave. south of Balliol St.
Urban Toronto reports on a new proposal submitted to the City at the end of February seeking rezoning and an Official Plan Amendment to permit an 8-storey development on Bayview Ave. south of Balliol St. The proposal by Gairloch Developments…
'Is this real?': Hundreds of Vancouver mansions for rent, for cheap
Hundreds of multi-million dollar mansions in Vancouver that may have been empty are suddenly being listed for rent at rock-bottom prices.
Observers say it’s a combination of the city’s empty home tax and the province’s speculation tax…
March 2019 GTA Market Report
MARKET SUMMARY
With the first two months of 2019 behind us, there was no shortage of events fueling political and economic uncertainty in Canadian markets. From Jody Wilson-Raybould’s recent response to allegations that she was pressured…
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