Compare Listings

New Proposed Rules Will Reduce Your Buying Power

New Proposed Rules Will Reduce Your Buying Power

A proposal by Canada’s banking regulator to expand “stress tests” for mortgage borrowers will reduce how much house Canadians can afford by 21 per cent, says a new report from mortgage comparison site Ratehub. Reducing affordability by that much is likely to lead to a 10- to 20-per-cent decline in house prices, said James Laird, […]

Toronto’s Condo Market Continues To Defy Odds

Toronto’s Condo Market Continues To Defy Odds

There’s no denying that Toronto’s housing market is slumping badly. In the span of four months, average home prices have dropped by roughly 20 percent. In April, a Toronto home sold for $920,761 — August data from the Toronto Real Estate Board show an average selling price of $732,292. But strangely enough, condominium prices haven’t […]

Toronto Home Prices Likely Near Bottom

Toronto Home Prices Likely Near Bottom

Toronto’s roller-coaster real estate market took a swoop lower in August, the fourth-straight month that the average sales price in Canada’s largest city declined from a dizzying record high set in April. The Toronto Real Estate Board said Wednesday the average price for all home types in the Greater Toronto Area last month was $732,292, […]