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.

Toronto mayor not in a hurry to decide about intervention in housing
Toronto’s mayor said that the city government in not in a rush to decide about intervention in the red-hot housing market’s situation. Also read “This is the main driver of Toronto and Vancouver home prices (and it’s not foreign investment)“.

Here’s where Toronto detached home prices are ...

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Real estate in the News

Posted by:

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

CMHC releases Q2 housing market outlook
The average Canadian home price is expected to continue to increase in the next two years, meaning CMHC doesn’t expect any sort of wide-scale correction. “The average MLS® price is forecast to be between $474,200 and $495,800 in 2016 and between $479,300 and $501,100 in 2017. These levels are higher than the 2015 average price of ...

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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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