The TOcore plan could hurt first-time buyers
To get an expert’s perspective on some of these market factors, we reached out to Ben Myers, President of Bullpen Research & Consulting Inc., and picked his brain on a few of these hot topics.
How the stress test is actually helping buyers
“Buyers knocked out of the market by the stress test are being saved, not persecuted,” says Globe & Mail writer Rob Carrick in a recent article.
4 major hurdles for first-time buyers and how to get over them
When it comes to buying your first home, there are many hurdles to leap. The high prices in the Greater Toronto Area (GTA) add to the intimidation factor if you’ve never gone through the homebuying process before.
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.
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.
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.
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.
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
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
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,
