Real Estate in the News

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This week’s top real estate news in Ontario and how your real estate business could be affected.

May high-rise sales mark near-record month
The sales figures for new high-rise homes last month soared 76 per cent compared to the same month the previous year and represented close to twice the 10-year average of 1,896 units. New home sales also rose month over month in May, following 2,324 new homes sales in April, which amounted to a 14-per-cent decline compared ...

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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.

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