skip to Main Content

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.…

READ MORE

How COVID-19 will Affect Toronto Home Prices

Restrictive measures on personal movement will impact how quickly Toronto’s real estate market will roar back to life. If loosened and business activity resumes by the end of June, the Greater Toronto Area (GTA) may see a year-over-year increase of…

READ MORE

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…

READ MORE

March 2020 Real Estate Market Update

Despite the warming spring weather, the housing market continues to cool as real estate listings dry up amid the COVID-19 pandemic. Toronto home sales plummeted 27% the last two weeks of March, after both the federal and provincial governments announced…

READ MORE

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…

READ MORE

How to Know Whether to Buy or Sell First

Every existing homeowner is faced with the same dilemma. Does it make sense to buy first and sell second, or vice versa? The answer: It depends on your individual circumstances and the current market conditions. SELLING YOUR HOME AHEAD OF…

READ MORE

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…

READ MORE

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…

READ MORE