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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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May 2020 Real Estate Market Update

Home prices are holding firm amid the COVID-19 pandemic, according to recent numbers released by the Toronto Regional Real Estate Board (TRREB). Prices in May regained the drop experienced in April, increasing year-over-year by 3% to $863,599 from $838,248. They…

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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…

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Risks of Condo Purchase During the Pandemic

Living in a condominium building with shared facilities and tight spaces amid the COVID-19 outbreak presents a number of challenges. However, with less competition among buyers at this time, it may be an ideal opportunity to break into the Toronto…

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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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