If your client is looking for a new home in the Greater Toronto Area (GTA), she might be out of luck. And if she does find a property that meets her criteria, she should prepare herself for sticker shock — even by Toronto standards. That’s because the number of new homes available across the GTA […]
And a look at how the property markets are reacting to the U.S. political climate.
CMHC is increasing its homeowner mortgage loan insurance premiums, effective March 17, 2017.
Canada’s residential real estate prices gained 13% in Q4 from a year earlier, recording the highest year-over-year rise in more than a decade, Royal LePage says. The aggregate residential price rose to $558,153, largely supported by gains in the Greater Toronto Area and Greater Vancouver. Read: Toronto-area home sales hit record in 2016 But expect […]
High-risk and suspected fraudulent mortgage activity is on the rise, says Equifax Canada.
Mortgage rates remain low in the U.S. by historical standards but they've risen sharply over the past couple of months.
The housing markets in Ontario and B.C. will decelerate in 2017, TD Economics forecasts, and the biggest impact will not be the federal government’s latest measures to cool down the Toronto and Vancouver markets. TD, in an economics report on Tuesday, says higher interest rates in the U.S. will flow-through to Canada over the next […]
Canada’s economy regained momentum in the second half of 2016 and is poised for sustained growth throughout 2017, reveals an RBC report. GDP growth of 1.3% is expected for 2016, 1.8% for 2017 and 2.1% for 2018. “The Canadian consumer drove growth again in 2016,” says Craig Wright, senior vice-president and chief economist at RBC, […]
Builders pulled back on constructing homes in November, after ground breakings surged in October to the strongest pace in more than nine years.
Property assessment values for 2017 will reflect what has been happening around BC Assessment's uniform valuation date of July 1st.