With Canada expected to slide into a recession in early 2023 and the housing market softening, property investors are understandably worried. It’s important not to panic. There’s no denying that these are turbulent times, but there are ways to weather the storm. Real estate deserves its reputation as a solid investment. Short-term shocks won’t detract …
House sales across the GTA may be dropping but prices are staying flat, according to the Toronto Regional Real Estate Board’s (TRREB) latest forecast which indicates that affordability remains an ongoing challenge in the market. There were 5,627 home sales in Toronto this August – a 34.2% drop since the same period last year. Prices, …
Latest TRREB – Sales Dive But Prices Remain Mostly The Same Read More »
The federal government recently announced big changes to the mortgage stress test. The stress test was originally put in place back in January 2018, ensuring that borrowers would be able to sufficiently pay for their mortgage in the event that mortgage rates moved higher. The controversial mortgage stress test was criticized for being too harsh …
What the Revamped Mortgage Stress Test Means for Toronto Homebuyers Read More »
The federal government has announced changes to the mortgage stress test for the first time since its introduction in January 2018. The changes will see home buyers around the country have more buying power, benefiting all those looking to purchase a home in the coming months – especially first-time buyers. Here’s what you need to …
Big Changes to the Mortgage Stress Test Give Home Buyers More Buying Power Read More »
As Canadian mortgage interest rates continue to fall, landlords around the country are presented with a major opportunity for expanding the scope of their real estate investments. Bond yields have been falling steadily over the last few months, leading to fixed rate mortgages steadily decreasing. While this news is being looked at by some in …
New rules on mortgages were just introduced by the federal government October 17th to make sure that new homebuyers are not taking on more debt than they can afford with a potential rise in interest rates.
September’s Toronto and GTA real estate market continued upward trends both in price and number of sales, with double-digit gains happening on price and sales in nearly every category. Also on-trend were the categories where significant gains were not realized. Detached and semi-detached home sales in Toronto posted a 4.7% increase and a -3.5% …
Upward Pressure on Price Due to Declining Inventory: TREB Read More »
Are you Retirement Ready? Find Security with Toronto Real Estate Investment When you think about your retirement, what are your primary considerations? We all want to live our golden years in comfort, so many would immediately think about money. Now think further into your retirement—after 10 or 15 years of your pension or RIF cheque …
Funding Your Retirement through Real Estate Investment Read More »
In an announcement made by Toronto Real Estate Board President Mark McLean last week, GTA REALTORS® reported 7,385 home sales through TREB’s MLS® System in November 2015 – a 14 per cent increase compared to November 2014 and a record number for November sales to date. Toronto’s real estate market saw 96,401 sales for the …
Toronto Real Estate Market Watch — November 2015 Read More »
Election Day 2015–Who will win? After a 78-day-long campaign, Election Day 2015 is finally here and registered voters from all over Canada are heading to the polls to take part in one of the most significant federal elections our Country has seen. It all comes down to today—Elections are historic, but they …
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