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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Real Estate in the News

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

Stay up-to-date with all real estate news updated continually on our Facebook page.

GTA Realtors® Release Resale Condominium Market Figures
Strong year-over-year growth in condominium apartment sales reported through TREB’s MLS® System in the third quarter of 2015. Sales were up by close to 11 per cent to 6,586 compared to Q3 2014. New listings entered into the System during the quarter and active listings at ...

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