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Toronto Condo Prices Hit New Milestone

One thousand dollars. That’s the new cost, on average, per square foot for a new build condo in the heart of Canada’s largest city. It’s a shocking 30 per cent increase, per square foot, year-over-year in Toronto. A price point which is here to stay, according to Urbanation, the company that compiled the third quarter […]

Market Showing Signs Of A Rebound

Market Showing Signs Of A Rebound

The uncertainty sparked by the introduction of Ontario’s fair housing plan is starting to wane as formerly hesitant would-be buyers regain confidence that Toronto’s real estate market is stabilizing again, analysts and realtors said Sunday. While some prospective buyers will be hit by new mortgage rules coming into effect on Jan. 1, the overall market […]

Unregulated Lenders Can Help/Benefit

Unregulated Lenders Can Help/Benefit

New rules meant to cut out risky lending by banks in Canada are pushing home purchasers into the arms of unregulated lenders, the head of the nation’s housing agency said on Friday, adding that steps could be taken to curb their growth. The Office of the Superintendent of Financial Institutions, Canada’s banking regulator, said this […]

As Of January 1/18, It Will Be Harder To Get A Mortgage

As Of January 1/18, It Will Be Harder To Get A Mortgage

Canada’s banking regulator has tweaked its new mortgage stress-testing rule, ensuring home buyers will not have an unintended incentive to sign up for shorter-term mortgages. The Office of the Superintendent of Financial Institutions published revised final guidelines Tuesday for its controversial stress-testing rule, which requires buyers making down payments of more than 20 per cent […]