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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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December 2019 Real Estate Market Update

While buyers were stress-test-adjusted and benefitting from lower interest rates, the December 2019 real estate market heavily favoured sellers. The Toronto Real Estate Board (TREB) has reported a near 12% increase in the average selling price of a Greater Toronto…

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