Real Estate in the News

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Real estate news stories that we’ve been following this week.

Poll says many would struggle if mortgage payments rise
Poll finds that a third of homeowners would face financial hardship if their mortgage payments increased by 10%. Also read “Here’s why Canada’s interest rates are going to stay low“.

Fed chair Yellen tells Canadian homeowners to watch out: Don Pittis
The Fed hinted that an interest rate hike may be coming in September. This may cause the Bank of canada to follow suit and interest rates will start to rise.

In Vancouver, high home prices spell high rent, too
It’s reasonable to assume that a shome prices rise, rents will follow. Will we see this happening in Toronto as it is in Vancouver?

GTA Realtors Release Mid-Month Resale Housing Figures
5,661 home sales through TREB’s MLS® System during the first two weeks of June 2015. This result represented a 15.7 per cent increase compared to the same period in 2014. Strong competition continues with more buyers than available homes for sale.