Tag Archives: real estate news

Move-up purchasers set to increase their stake in homeownership in 2013, despite overall trend toward moderation, says RE/MAX

Against a backdrop of strong equity gains and lower interest rates, move-up buyers are once again set to ramp up their role in major Canadian housing markets. That’s the key finding of the RE/MAX Move-Up Buyers Report 2013, which examined … Continue reading

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How will New Mortgage Rules Effect GTA Home Sales?

By now, most of you must be aware of new mortgage rules in effect starting July 9th 2012. If you are not aware of these rules…..please review my June blog on the subject. In Nutshell, how these rules will effect … Continue reading

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Effective July 9th 2012 CMHC to reduce the amortization to 25Yrs from 30Yrs

Finance Minister Jim Flaherty outlined new rules aimed at reining in a hot housing market to make it harder for people with limited means to buy homes or borrow on ones they already have. Flaherty outlined a series of changes … Continue reading

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Canadian lending guidelines may tighten in the coming months!!!

Even though Bloomberg Indicated that the Canadian Banking system has been rated the soundest in the world for four straight years with no Canadian lenders needing a government bailout during the recent recession and credit crisis, unlike the U.S. and … Continue reading

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Local Real Estate Market News – Sept 2011

Greater Toronto Realtors reported 3,149 transactions during the first 14 days of September, representing an increase of more than 25% in comparison to the first two weeks of September 2010. New listings over the same period, at 6,890, were up … Continue reading

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