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Five things to know about new mortgage rules that came into effect Monday
Homebuyers now have to put at least a down payment of 10 per cent on the portion of the price of a home over $500,000. For anyone buying a home for $700,000 — a common list price in Vancouver and Toronto — that means the minimum down payment will rise ...
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Leading Realtors share foreign investment stats
Toronto-based agent Jimmy Molloy – who also does a great deal of luxury business – estimates his foreign sales range between 10-15%.
8 sales stuff-ups you can avoid
Brokers should understand the short- and long-term goals of each client to ensure that they can provide the best structure at the outset and for the future.
Please forward ...
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The homes now dominating top-tier markets
$4 million-plus properties are in such high demand in Vancouver and the Greater Toronto Area (GTA), they now represent the fastest growing sector in both cities’ housing markets.
Analysts: Chain reaction of increases in bank-funded mortgage rates possible
Experts said that the mortgage rate hikes effective this week, spurred in part by a beleaguered economy and ...
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Average home prices to fall in 3 oil-producing provinces next year: CREA
Canada’s national average house price is expected to edge higher by 1.4 per cent in 2016, to $448,700 — with Ontario leading the other regions with an increase of 2.9 per cent. Also read “The housing bubble has already popped in some parts of Canada“.
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Federal government increases minimum down payment for homes over $500,000
Homebuyers will now have to put 10 per cent down on the portion of the home purchase price over $500,000.
465,000 people may miss start of Ontario’s low-income energy rebate
The lights go out on Ontario’s provincewide energy rebate Dec. 31 — and fewer than seven per cent of the eligible low-income ...
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Court decision expands risks of disclosure with seller property information statement
A SPIS is a standard form document that was drafted by the Ontario Real Estate Association. It will contain information relating to defects, renovations and other pertinent property information based on the seller’s knowledge and experience. A vendor is not obligated to complete a SPIS and if the vendor elects to do ...
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Real estate news stories that we’ve been following this week.
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Realtors warn land transfer tax could double across Ontario
The Ontario Real Estate Association, in a release Tuesday, warned homebuyers that the province is moving ahead with a plan to allow all other municipalities to levy a land transfer tax.
Toronto experiencing a traditional fall market – with some unusual bumps
Houses are still ...
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Real estate news stories that we’ve been following this week.
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Canadian Real Estate Association says September home sales down from August
The Canadian Real Estate Association said Thursday that home sales in September through its Multiple Listing Service were down 2.1 per cent compared with August. Also read “Home prices continue to grow“.
House prices in some GTA suburbs rising ...
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Real estate news stories that we’ve been following this week.
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Clients want privacy, TREB witness tells Competition Tribunal
The fourth and final day of the Toronto portion of the Competition Tribunal hearing between The Commissioner of Competition and The Toronto Real Estate Board finished with testimony from the only witness TREB introduced during this half of the hearing before it moves to Ottawa next ...
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Real estate news stories that we’ve been following this week.
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Bank of Canada keeps benchmark rate at 0.5%
Economists had been expecting the bank to keep its trend-setting target for the overnight rate where it is now. A few believe, however, that another cut might be possible later in the year unless the economic picture improves.
Three words to sum up Canada’s economy: ‘Best. ...
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