Jessi Sandhu - Your Brampton Real Estate Agent
Housing Affordability News and Articles | My Blog

Federal government extends foreign buyer ban until 2027

2/4/2024 | Posted in Foreign Buyers by Jessi Sandhu

canadian-real-estate-markets-62.jpg - Real Estate News 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. ... More


Tax advantages driving exodus from Canada's priciest housing markets

2/6/2024 | Posted in Canada Living by Jessi Sandhu

young-family-moving-in-a-new-home-451.jpg - Real Estate News 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 ... More


Canada reports fastest population growth in history in third quarter of 2023

1/22/2024 | Posted in Canada Living by Jessi Sandhu

airport-travel-immigration-500.jpg - Real Estate News 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 ... More


Housing affordability has improved but there's no quick fix, says RBC

9/29/2023 | Posted in Canada Living by Jessi Sandhu

couple-with-real-estate-agent-316.jpg - Real Estate News 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. ... More


Toronto housing market would stay unaffordable even in deep recession: report

9/5/2023 | Posted in Toronto Real Estate by Jessi Sandhu

toronto-panorama-446.jpg - Real Estate News 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 ... More


No end in sight to housing affordability crisis, says BMO's Guatieri

8/28/2023 | Posted in Canadian Housing Market by Jessi Sandhu

couple-browsing-for-homes-444.jpg - Real Estate News The Bank of Canada's June and July interest rate increases essentially put a stop to the housing market’s recovery, says analyst. ... More


Housing affordability in Canada just saw the biggest improvement in almost 4 years

6/3/2023 | Posted in Canadian Housing Market by Jessi Sandhu

property-search-442.jpg - Real Estate News 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, ... More


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

big-6-banks-canada-317.jpg - Real Estate News Royal Bank of Canada chief executive Dave McKay told a banking conference on Tuesday that the mortgage stress test has “generally been good ... More


Home ownership 'impossible' in Toronto, Vancouver: RBC

6/28/2019 | Posted in Canadian Housing Market by Jessi Sandhu

business-report-ideas-275.jpg - Real Estate News 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. ... More


Regulator defends mortgage stress test in face of pushback from industry

6/11/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu

mortgage-rates---interest-rates-48.jpg - Real Estate News 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. ... More


Where to buy real estate in 2019: The Best Deals in Metro Toronto

6/6/2019 | Posted in Toronto Real Estate by Jessi Sandhu

real-estate-information-249.jpg - Real Estate News 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 ... More


Canadian House Price Forecast

6/4/2019 | Posted in Canadian Housing Market Predictions by Jessi Sandhu

market-reports-on-business-271.jpg - Real Estate News  What The Next 5 Years Will Look Like In 33 Canadian Cities ... More


Scrapping Mortgage Rules Would Boost Canadian Home Prices, TD Says

5/1/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu

business-report-ideas-275.jpg - Real Estate News 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, ... More


Last-minute amendment saves construction industry

4/22/2019 | Posted in Toronto Real Estate by Jessi Sandhu

new-condos--new-highrise-condos-136.jpg - Real Estate News Toronto’s construction industry may have just averted a calamity. ... More


Housing Is a Magnet for Money Launderers in Toronto

3/22/2019 | Posted in Toronto Real Estate by Jessi Sandhu

downtown-toronto-from-cn-tower-255.jpg - Real Estate News Toronto’s housing market has become a target for money laundering according to a new study. ... More


Canadian Rental Rates Rise At Fastest Pace In 30 Years

3/3/2019 | Posted in Canadian Housing Market by Jessi Sandhu

own-or-rent-sign-120.jpg - Real Estate News The cost of rental housing jumped by the most in 30 years in January, according to Statistics Canada data. ... More


Home Affordability Declining. Or Is It?

10/5/2018 | Posted in Canadian Housing Market by Jessi Sandhu

agent-meeting-contract-264.jpg - Real Estate News A rise in interest rates (and more to come) is putting the squeeze on housing affordability. ... More


Mississauga could build 174,000 homes by moving into the "missing middle"

10/2/2018 | Posted in GTA Real Estate by Jessi Sandhu

mississauga-ontario-82.jpg - Real Estate News 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. ... More


Toronto, Vancouver among biggest property bubbles in the world, UBS says

9/29/2018 | Posted in Real Estate Market by Jessi Sandhu

toronto-vancouver-real-estate-90.jpg - Real Estate News 9 years salary to buy a house in Vancouver, more than 6 in Toronto. ... More


Canada's housing affordability has reached the worst level in 28 years: RBC

9/28/2018 | Posted in Canadian Housing Market by Jessi Sandhu

home-buying-financing-concept-261.jpg - Real Estate News A new RBC report says Canada's housing affordability has reached its worst level in 28 years and is bound to deteriorate even further. ... More


Canadians can't afford NOT to buy study suggests

9/13/2018 | Posted in Home Buyers by Jessi Sandhu

business-meeting-notes-105.jpg - Real Estate News Rising rents is making homeownership the affordable alternative according to a new report. ... More


GTA's loss is this region's gain

8/10/2018 | Posted in Ontario Real Estate by Jessi Sandhu

business-data-reporting-274.jpg - Real Estate News 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 ... More


Location, location, location: Why our national housing market is a myth

7/30/2018 | Posted in Toronto Real Estate by Jessi Sandhu

business-meeting-notes-105.jpg - Real Estate News Haider-Moranis Bulletin: For Canadian homebuyers, the only numbers that matter are local. ... More


Interest rate hike may signal hard times ahead

7/12/2018 | Posted in Canadian Economy and Housing Market by Jessi Sandhu

business-data-reporting-274.jpg - Real Estate News With debt levels disconcertingly high, there could be ramifications to yesterday’s interest rate hike. ... More


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

stephen-poloz-bank-of-canada-45.jpg - Real Estate News 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. ... More


Buyers need incomes of at least $100,000 in 82% of Toronto markets

7/9/2018 | Posted in Toronto Real Estate by Jessi Sandhu

calculator--analysis--reporting-128.jpg - Real Estate News 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. ... More


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