Real Estate in the News

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New mortgage rule might ‘temper’ hot markets, but not for long
The Canadian Mortgage and Housing Corporation will require a 10 per cent down payment on any portion of a mortgage it insures above $500,000 and up to $999,000. That’s double the five per cent down the Crown corporation currently asks to insure mortgages worth more than 80 per cent of a home’s value.

GTA REALTORS® Release Monthly Resale Figures
The MLS® Home Price Index Composite Benchmark Price for January 2015 was up by 11.2 per cent on a year-over-year basis. The average selling price over the same period was up by 14.1 per cent.

Could this property type be an agent’s best bet this year?
The condo market is expected to continue to boom in 2016. Resale activity for condo apartments hit a record 20,709 sales in 2015, growing 16% from 2014.

How Blockchain technology will impact real estate
The blockchain can simplify things by speeding up transactions, offering safer investments and providing more transparency for all parties involved.

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