This is how much money you need to make to buy a house in Canada's largest cities
11/21/2024 | Posted in Canadian Housing Market by Jessi Sandhu
The average income needed to buy a home keeps inching down in cities across Canada, according to the latest data. ...
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Bank of Canada says changes to mortgage structure will not resolve housing affordability
11/6/2024 | Posted in Mortgages and Real Estate by Jessi Sandhu
Canada's housing affordability cannot be resolved by changing the country's unique mortgage structure, the Bank of Canada's Senior Deputy Governor said on Wednesday, ...
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Poilievre asks premiers to axe their sales taxes on new homes worth under $1 million
11/4/2024 | Posted in Government and Regulation by Jessi Sandhu
Conservative Leader Pierre Poilievre has written to the provinces’ premiers, asking them to eliminate their sales taxes on new homes that are under $1 million. ...
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Most Canadian renters can't afford to buy a home due to insufficient income
6/21/2024 | Posted in Home Buyers by Jessi Sandhu
Many Canadian renters do not plan to purchase a home in the near future, with affordability challenges being a significant factor. ...
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One-third of Canadians considering alternative home ownership models amid low affordability
2/27/2024 | Posted in Home Buyers by Jessi Sandhu
One third of Canadians are considering alternative home ownership models, a new survey has found, as purchasing a home remains out of reach amid an ongoing affordability crunch. ...
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Bank of Canada says housing affordability is about boosting supply, not lowering interest rates
2/7/2024 | Posted in Real Estate Market by Jessi Sandhu
Monetary policy can’t do everything, central bank governor Tiff Macklem says ...
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Federal government extends foreign buyer ban until 2027
2/4/2024 | Posted in Foreign Buyers by Jessi Sandhu
The federal government today announced a two-year extension to its foreign buyer ban in what it says is an effort to make housing more affordable for Canadians. ...
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Tax advantages driving exodus from Canada's priciest housing markets
2/6/2024 | Posted in Canada Living by Jessi Sandhu
A new report published today reveals that the burden on buyers from provincial governments’ billions of dollars in levies and development fees on new construction, and ...
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Canada reports fastest population growth in history in third quarter of 2023
1/22/2024 | Posted in Canada Living by Jessi Sandhu
Canada’s pace of population growth continues to set records as the country brings in a historic number of temporary residents, largely through international student and ...
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Housing affordability has improved but there's no quick fix, says RBC
9/29/2023 | Posted in Canada Living by Jessi Sandhu
Millions of Canadians want to achieve their dream of homeownership, but affordability remains out of reach for many, and changing that will be a slow journey according to RBC. ...
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Toronto housing market would stay unaffordable even in deep recession: report
9/5/2023 | Posted in Toronto Real Estate by Jessi Sandhu
Housing affordability in Toronto would remain strained even in the event of a deep economic recession, a new Desjardins analysis has found, highlighting the challenge ahead in ...
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No end in sight to housing affordability crisis, says BMO's Guatieri
8/28/2023 | Posted in Canadian Housing Market by Jessi Sandhu
The Bank of Canada's June and July interest rate increases essentially put a stop to the housing market’s recovery, says analyst. ...
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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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