External Factors a Wild Card in GTA Housing Market Forecast Oct 1st

Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
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 mortgage buyout

OSFI’s New Mortgage Rules: Why Homebuyers Should Apply Now + MORE Oct 22nd

Effective Jan. 2018, all Canadians applying for a new mortgage will be subject to a stricter set of rules before approval, including a stress test to assess if they could still make mortgage payments in the event interest rates rise. The new guidelines are published in the Residential Mortgage Unde.... More »

Growing Trend: Buying Real Estate with Family and Friends + MORE Oct 25th

While it’s fairly common for those in tight rental markets to have a roommate to help split the rent, an emerging trend is buying real estate with a family member or friend. Faced with high home prices in big cities and tougher mortgage rules, including a new stress test on uninsured mortgages, it.... More »
 mortgage buyout

I lost my home in a fire. Can I tap my LIRA to cover costs? + MORE Nov 18th

Q: My house was burnt in the Fort McMurray fire. I am now unemployed and my husband and I are struggling to make the mortgage payments on top of our rent payment. Our savings are now drained as well as money received from insurance—the town house was part of a condo and is being rebuilt. We have.... More »
 property mortgage

Last call for mortgage approvals under the current rules….and an in-depth look at how these new rules will impact YOU in 2018. + MORE Dec 24th

 TIME IS ALMOST UP.. With just days to go before the new mortgage rules take effect on January 1st, we are seeing a flurry of mortgage applications.   Panic buying and … Continue Reading Last call for mortgage approvals under the current rules….and an in-depth look at how these new ru.... More »

Bank of Canada holds rate, hints at increases to come Dec 6th

OTTAWA — The Bank of Canada stuck with its trend-setting interest rate Wednesday — but it offered fresh, yet cautious, warnings to Canadians that increases are likely on the way. The central bank has now left the rate locked at one per cent for two straight policy announcements after the stren.... More »
Among external factors that affect housing markets, two are by far the most important and both are more or less directly controlled by the federal government. The first is policy regulation that defines the rules and parameters under which mortgage loans can be originated. The second is the interest rates set by the Bank of […]

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