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.
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.
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.
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.
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
While the affordability of local real estate, property tax, and neighbourhood amenities are obvious considerations, there’s one oft-overlooked factor that can add thousands of dollars to your closing costs: land transfer tax.
With rising interest rates and the stress test, renewing your mortgage can be a stressful time, and you’re likely growing more concerned over your household debt. That’s why we want to share a few tips to help manage your debt and get back in the black.