Canadian real estate prices are moving higher seasonally, but the annual change is diving further down. For instance, Vancouver’s decline means it gives up the throne as Canada’s most expensive real estate market, giving it up to Oakville, Ontario! Read on to understand what has been happening in the market https://betterdwelling.com/vancouver-real-estate-is-no-longer-the-countrys-most-expensive-market/#_
The government has released details of a program announced during the last federal budget, an initiative that could see Canada’s housing agency contribute up to 10 per cent of the price of a buyer’s first home if certain conditions are met. Click on the link below to read all the details. https://www.cbc.ca/news/business/cmhc-first-time-buyer-program-1.5178055
Migration patterns of residential homebuyers in the Greater Toronto Area (GTA) have shifted west, with market share rising in Halton Region and West Toronto between 2013 and 2018, according to a report released today by RE/MAX of Ontario-Atlantic Canada. Click the Link below to read the full article. http://blog.bestagent.ca/greater-share-of-homebuyers-move-west-in-the-gta/
With all of the talk in the news about the new mortgage rules its easy to get confused. Kerri Becker with The Royal Bank of Canada has provided us with the information below to help simplify and make sense of the new rules. The Office of the Superintendent of Financial Institutions (OSFI) announced the following new regulations effective January 1,…
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