The mortgage stress test is flawed because it doesn't consider income growth
There’s a mortgage stress test duel underway, and the weapons of choice are reports and open letters. Who will win?
Mortgage activity slows as Canadians fall deeper into debt
Since late 2015, the mortgage delinquency rate among 65+ mortgage holders has been on the rise and the highest among all age groups, says the Mortgage and Consumer Credit Trends report by CMHC.
What would happen if the mortgage stress test was eliminated?
Sixteen months after the implementation of the federal government’s B-20 mortgage stress test regulations, TD Bank released an examination of its effects. Basically, the stress test did what it was supposed to do, but had some unintended consequences.
Taking another look at increasing property taxes in Toronto
Earlier this year, the Centre for Urban Research and Land Development released a report saying that the City of Toronto could afford to hike residential property taxes by approximately 20% when compared to the median GTHA municipality.
Is your credit score high enough to get approved for a mortgage in the GTA?
Whether or not you get approved for a mortgage in the GTA has a lot to do with your credit score, among other factors such as your employment status and debt levels.
See what people in Toronto sacrifice to buy a home
With would-be buyers finally adjusting to the stress test and interest rates looking like their taking a breather, 2019 may be a strong year for home sales in Toronto and other major markets in Canada.
Only 18% of young Canadians putting off buying a home due to current debt load
Recently, Angus Reid Institute, in partnership with the Globe and Mail, released the results of a new public opinion poll about Canadian debt.
Is Toronto real estate still a good investment? INFOGRAPHIC
Is Toronto real estate no longer the sound investment it was long considered to be? To find out, Zoocasa compared the market’s year-over-year performance to that of three popular investments.
5 ways to save money during the holidays
The holidays can be expensive. It’s a great time to travel because you have the time off, you feel like you have to buy gifts for friends and family, and you meet up with other loved ones for dinner and drinks every other night.
See what this first-time buyer has to say about applying for a mortgage
Getting pre-approved is one thing, but when it comes to applying for a mortgage, the process can be confusing and intimidating, especially if you’re a first-time buyer. There’s an extra layer to the process if you’re buying a new
