Housing affordability in Canada just saw the biggest improvement in almost 4 years
6/3/2023 | Posted in Canadian Housing Market by Jessi Sandhu
Stable interest rates and a continued cooling in home prices helped give housing affordability in Canada its biggest jump in almost four years in the first quarter of 2023, ...
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CEO of Canada's biggest bank calls for caution as Ottawa considers adjusting mortgage stress test
1/8/2020 | Posted in Mortgages and Real Estate by Jessi Sandhu
Royal Bank of Canada chief executive Dave McKay told a banking conference on Tuesday that the mortgage stress test has “generally been good ...
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Home ownership 'impossible' in Toronto, Vancouver: RBC
6/28/2019 | Posted in Canadian Housing Market by Jessi Sandhu
Affordability may be improving but home ownership in Toronto and Vancouver is still an “impossible obstacle” for most potential buyers, Royal Bank of Canada warns. ...
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Regulator defends mortgage stress test in face of pushback from industry
6/11/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu
Canada’s top federal banking regulator says a stress-test for uninsured mortgages is “working,” but that it is still keeping an eye on lending practices. ...
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Where to buy real estate in 2019: The Best Deals in Metro Toronto
6/6/2019 | Posted in Toronto Real Estate by Jessi Sandhu
Due to strong economic fundamentals Toronto’s housing market remains expensive. That’s one reason why this year’s list is dominated by neighbourhoods once ...
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6/4/2019 | Posted in Canadian Housing Market Predictions by Jessi Sandhu
What The Next 5 Years Will Look Like In 33 Canadian Cities ...
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Andrew Scheer Says He Wants To Scale Back Canada's Mortgage Stress Test
5/17/2019 | Posted in Home Buyers by Jessi Sandhu
The Conservative Party leader says he's "absolutely committed" to reviewing the rule. ...
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Return of the spring rush? Toronto home sales jump in April
5/6/2019 | Posted in Toronto Real Estate by Jessi Sandhu
Toronto housing market heats up as sales jump 16.8% in April ...
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Scrapping Mortgage Rules Would Boost Canadian Home Prices, TD Says
5/1/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu
The Canadian government should consider being flexible on its new mortgage lending rules because the impact has been longer-lasting and more significant than expected, ...
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Last-minute amendment saves construction industry
4/22/2019 | Posted in Toronto Real Estate by Jessi Sandhu
Toronto’s construction industry may have just averted a calamity. ...
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Housing Is a Magnet for Money Launderers in Toronto
3/22/2019 | Posted in Toronto Real Estate by Jessi Sandhu
Toronto’s housing market has become a target for money laundering according to a new study. ...
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First-Time Home Buyer Incentive reduces qualifying power
3/22/2019 | Posted in First Time Home Buyers by Jessi Sandhu
The First-Time Home Buyer Incentive actually reduces affordability. ...
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Canadian Rental Rates Rise At Fastest Pace In 30 Years
3/3/2019 | Posted in Canadian Housing Market by Jessi Sandhu
The cost of rental housing jumped by the most in 30 years in January, according to Statistics Canada data. ...
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Home Affordability Declining. Or Is It?
10/5/2018 | Posted in Canadian Housing Market by Jessi Sandhu
A rise in interest rates (and more to come) is putting the squeeze on housing affordability. ...
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Mississauga could build 174,000 homes by moving into the "missing middle"
10/2/2018 | Posted in GTA Real Estate by Jessi Sandhu
Ryerson City Building Institute report finds that low-rises and townhouses could help tamper the GTHA’s affordability crisis, using Mississauga as a case study. ...
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Toronto, Vancouver among biggest property bubbles in the world, UBS says
9/29/2018 | Posted in Real Estate Market by Jessi Sandhu
9 years salary to buy a house in Vancouver, more than 6 in Toronto. ...
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Canada's housing affordability has reached the worst level in 28 years: RBC
9/28/2018 | Posted in Canadian Housing Market by Jessi Sandhu
A new RBC report says Canada's housing affordability has reached its worst level in 28 years and is bound to deteriorate even further. ...
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Canadians can't afford NOT to buy study suggests
9/13/2018 | Posted in Home Buyers by Jessi Sandhu
Rising rents is making homeownership the affordable alternative according to a new report. ...
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GTA's loss is this region's gain
8/10/2018 | Posted in Ontario Real Estate by Jessi Sandhu
Unaffordability isn’t expected to abate in the Greater Toronto Area any time soon, but as more and more people are discovering, there are cheaper places to live slightly ...
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Location, location, location: Why our national housing market is a myth
7/30/2018 | Posted in Toronto Real Estate by Jessi Sandhu
Haider-Moranis Bulletin: For Canadian homebuyers, the only numbers that matter are local. ...
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Interest rate hike may signal hard times ahead
7/12/2018 | Posted in Canadian Economy and Housing Market by Jessi Sandhu
With debt levels disconcertingly high, there could be ramifications to yesterday’s interest rate hike. ...
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Canadians should buy smaller homes in response to interest hike, Bank of Canada head says
7/12/2018 | Posted in Mortgages and Real Estate by Jessi Sandhu
As the Bank of Canada raised key interest rates to 1.5 per cent (up from 1.25 per cent) Wednesday morning, mortgage rates are already rising as well. ...
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Buyers need incomes of at least $100,000 in 82% of Toronto markets
7/9/2018 | Posted in Toronto Real Estate by Jessi Sandhu
A new study found that per TREB numbers, 27 out of 33 markets in the GTA require a household income of at least $100,000 to afford the average home. ...
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Majority Of Toronto And Vancouver Real Estate For Sale Sees Bidding Wars
7/5/2018 | Posted in Home Buyers by Jessi Sandhu
Toronto real estate may not be what it was one year ago, but it’s still a battle for home buyers. ...
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Affordability likely to get worse says RBC Economics
7/4/2018 | Posted in Home Buyers by Jessi Sandhu
There appears to be little relief in sight for Canadian homebuyers, especially first-time buyers, as affordability is likely to worsen. ...
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Unprepared market due for shock
5/23/2018 | Posted in Home Buyers by Jessi Sandhu
A study out of Ryerson University warns of a severe housing shortage in the near future. ...
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Detached home buyers need 53% down payment says DBRS
4/3/2018 | Posted in Home Buyers by Jessi Sandhu
The still-rising prices of homes in many Canadian markets are making homeownership increasingly unaffordable and mortgages harder to secure. ...
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Toronto report highlights soaring apartment rents
2/10/2018 | Posted in Rental Market by Jessi Sandhu
A new city report released on Friday says purpose-built apartment rent increases in 2017 soared to a 15-year high while vacancy rates sank to their lowest level in 16 years, ...
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Canadian housing market headlines you're likely to see in 2018
1/1/2018 | Posted in Canadian Housing Market by Jessi Sandhu
The Canadian real estate market made headlines plenty of times in 2017 — but what does next year have in store? Will housing prices and affordability continue to dominate ...
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Foreign buyers a minuscule portion of housing market: CMHC
12/21/2017 | Posted in Foreign Buyers by Jessi Sandhu
Foreign buyers make up a minuscule portion of the overall housing market in this country, new research shows, but what they own is more expensive and newer than the average ...
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