The Latest information in Pre-Construction Condos
Toronto households have to save for 102 months to afford a downpayment on a home
On the shoulders of higher interest rates, Canadian housing affordability continued to worsen in the closing quarter of 2018, according to National Bank’s Housing Affordability Monitor.
To measure housing affordability each quarter in 10…
Ford wants to build Ontario out of its housing crisis
Ontario Premier Doug Ford is pushing to eliminate housing shortages in Canada’s largest province, as policy makers seek to deflate pricey markets in places like Toronto without triggering a correction.
Ford’s housing minister, Steve Clark,…
Canada considers applying mortgage stress test rules to private lenders, sources say
TORONTO — Canada is considering subjecting private lenders to the same mortgage stress test rules faced by banks to prevent housing markets from being destabilized by the lenders’ rapid growth, three sources with direct knowledge of the…
Why cash flow doesn't matter
Although it may seem counterintuitive, cash flow is not the be all and end all of investing in real estate.
“Everyone has such a cash flow mindset, and don’t get me wrong, cash flow is amazing and will help support a different lifestyle…
Rental market braces for influx of tenants
Rising interest rates and strict mortgage qualification resulted in fewer Canadians seeking homeownership than rental accommodations last year, and 2019 will bring more of the same.
“It’s going to continue,” said Marcus & Millichap’s…
Doug Ford’s fix for Toronto's housing crisis is easy: Just build more homes
Ontario Premier Doug Ford is pushing to eliminate housing shortages in Canada’s largest province, as policy makers seek to deflate pricey markets in places like Toronto without triggering a correction.
Ford’s housing minister, Steve Clark,…
These Millennial couples found a way into the housing market by renting in the city and buying in the country
Five years ago, Sarah Sklash, co-owner of the June Motel, visited Prince Edward County for the first time to attend a wine festival. On the car ride home, she knew it was the place for her and immediately began property shopping from the back…
A first-time homebuyer’s guide to Canadian government programs and incentives
Whether you want to stop paying skyrocketing rental rates, start building equity, or own property that can be passed down to your children, purchasing a home is likely a long-term goal of yours. However, with rising home costs and the mortgage…
Why the Bank of Canada’s ‘wait-and-see’ approach is best for homeowners and the economy: report
The Bank of Canada has stepped to the sidelines since it last hiked the overnight rate, which influences rates on the mortgage market, this past October.
Leaving the policy rate at 1.75 percent since then is a departure from the central bank’s…
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