December 14, 2012 — A respectable number of resale home transactions happened throughout the Greater Toronto Area in November, with 5,793 homes changing hands. This represented a 16 percent fall from 6,908 sales in Nov […]
The Bank of Canada kept its key policy rate at 1 per cent on December Fourth 2012. This includes the final analysis the Bank would still like its next move to be a rate increase, […]
The Bank of Canada is once more keeping its key policy rate unchanged, although continuing to indicate that rates will move higher at some particular point. The Bank’s statement noted that in Canada “although underlying […]
Ottawa, ON, Nov 26, 2012 Customers have a new tool to help navigate the complexities and financial consequences of purchasing a home. The map is available on CREA’s web site at crea.ca. That figure rose […]
GTA REALTORS® RELEASE TORONTO, July 18, 2012 — Greater Toronto REALTORS® reported 3,679 sales through the first 14 days of July 2012, representing a 5.6 per cent increase compared to the 3,484 sales reported for the […]
New mortgage rules come into effect today http://www.tomsmok.com
Finance Ministry Jim Flaherty announced during a news conference on June 21st that the Government of Canada will be tightening the guidelines for insured (less than 20% down) mortgages in Canada for the fourth time […]
The new mortgage rules, which take effect July 9, will see the maximum amortization period for government-insured mortgages fall to 25 years from 30 years. The limit for borrowing against the value of a home […]
Ottawa tightening mortgage rules; no more 30-year amortizations – The Globe and Mail. The federal government is moving again to tighten the rules on mortgage lending in Canada amid growing concerns that the housing market […]
OTTAWA – June 15, 2012 – The Canadian Real Estate Association (CREA) has updated its forecast for home sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate Boards and Associations for 2012 […]
GTA REALTORS® Report Monthly Resale Housing Market Figures TORONTO, June 5, 2012 — Greater Toronto REALTORS® reported 10,850 transactions through the TorontoMLS System in May 2012 – an 11 per cent increase over the 9,766 […]
GTA REALTORS® Report Mid-Month Resale Housing Market Figures May 25/2012.
What bubble? CMHC dismisses fears of a housing market bust – Need to know – Macleans.ca.
Realty Times – Canada’s New Mortgage Code Makes Prepayments Easier. The Canadian government has introduced a new Mortgage Code of Conduct for federally regulated financial institutions. It requires lenders to clearly explain the differences between […]
TORONTO, March 5, 2012 — Greater Toronto REALTORS® reported 7,032 sales in February 2012 – up 16 per cent compared to February 2011. New listings were also up over the same period, but by a lesser 11 per cent […]