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New CMHC Rules to Hurt First-Time Homebuyers

People looking to break into the housing market may face an uphill battle come July 1. The country’s largest insurer of residential mortgages is tightening its lending rules for “riskier” borrowers, defined as those with less than 20% down payment.…

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12 Ways Real Estate has Changed with COVID-19

Business has been anything but usual since the Ontario government deemed real estate an essential service amid the COVID-19 outbreak. While the decision brought a collective sigh of relief from the industry as it ensured buyers and sellers with a…

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Stress Test Changes to Increase Buying Power

The busy spring home-buying season may be more frenzied as changes to the country’s mortgage stress test come into effect. Beginning April 6, Canadians applying for default-insured mortgages — those with less than 20% down payment on a new purchase…

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Election 2019: Main Parties’ Housing Platforms

It’s almost time to cast your ballot in Canada’s federal election, Oct. 21, if you haven’t done so already through advance polling. Affordable housing has become a hot-button issue, particularly among Torontonians who feel locked out of the real estate…

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Feds Reveal Details of Home Buyer Incentive

The federal government has announced its First-Time Home Buyer Incentive will launch on Labour Day. Under the program, the government will help some first-time buyers by advancing an interest-free loan of up to 5% of the purchase price of an…

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July 2019 Real Estate Market Update

Toronto-area home sales were up 24.3% in July, compared with the same period last year. The number of properties sold increased to 8,595 from 6,916, with sales of all four categories of housing (detached, semi-detached, townhouse and condo apartment) up…

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