Big banks hike interest rates, but don’t panic Image

Big banks hike interest rates, but don’t panic

Following TD, Royal Bank, Bank of Montreal and CIBC, Scotiabank is the latest of the Big Five banks to hike its benchmark interest rate, up to 5.34% from 5.14% effective immediately.

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48% of Canadians feel B-20 hurts first-time buyers: survey Image

48% of Canadians feel B-20 hurts first-time buyers: survey

It’s getting a whole lot pricier to get a mortgage in Canada – with the economy back on track and household debt on the rise, policy makers have been tightening the interest rate reins at the fastest pace in a decade.

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50% of millennials plan to buy a home in the next two years Image

50% of millennials plan to buy a home in the next two years

According to a recent survey conducted by Ipsos for the Royal Bank of Canada (RBC), 32% of Canadians are likely to buy a home within the next two years. This percentage is 7 points higher than last year and the increase is thanks to millennials.

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Canadian real estate debt raises red flag, but don’t worry Image

Canadian real estate debt raises red flag, but don’t worry

The Bank for International Settlements (BIS), a Switzerland-based research and advisory organization comprised of the 60 central member banks that own it, has flagged Canada for a banking crisis in its latest quarterly review.

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The B-20 impact: How will new mortgage rules affect 2018 real estate? Image

The B-20 impact: How will new mortgage rules affect 2018 real estate?

A new year usually means bringing out the bubbly – but homebuyers are less inclined to cheers the beginning of 2018, as January 1st ushered in regulations that make it tougher to get a mortgage. Guideline B-20 is the latest crop of

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Top 5 real estate policies that will impact Ontario buyers in 2018 Image

Top 5 real estate policies that will impact Ontario buyers in 2018

There were some game-changing moves made last year that will surely impact Ontario homebuyers in 2018. Here are five that you should know about: Principal home sales must now be reported to the CRA A capital gains tax rule

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Things you need to secure a mortgage Image

Things you need to secure a mortgage

Starting January 1, 2018, all uninsured mortgages will have to undergo a stress test, meaning you need to be approved at 2% higher than your agreed upon rate. This news has many people scrambling to secure a mortgage before the end of the year,

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Home sales may spike in November and December Image

Home sales may spike in November and December

According to the CREA, we maysee home sales spike in November and Decemeber as buyers rush to purchase before the new mortgage regulation kicks in!

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