Another Factor Hurting Toronto’s Housing Market
There have been a lot of fingers pointed in Jim Flaherty’s direction lately. His mortgage rules that went into effect in July have cooled markets all across the country (with the exception of Calgary,) and it’s now much harder to buy a home. But when it comes to Toronto, there may be something else at…
Read moreAnalyzing September’s Housing Market
A first look at Canada’s housing market in September would tell you that it’s actually in the middle of a free-fall than they are in a cooling period. But a closer, and more accurate, look will reassure you that this is just Finance Minister Jim Flaherty’s measures at work. According to the Canadian Real Estate…
Read moreA Look at Unemployment in Canada and Ontario
The unemployment rate in Canada has a huge impact on the housing market and the Canadian mortgages within them. If unemployment goes up drastically, all of a sudden people can’t afford to pay their mortgages and they default. If this happens to enough buyers, the market is suddenly flooded with inventory – the homes that…
Read moreHome Refinancing can Help You Get Out of Debt
All week long we’ve been bringing you some pretty scary statistics when it comes to debt. The scariest stats of all though were probably brought forward yesterday, when we showed that Canadians now have an average debt to income ratio of about 161%. But we never sound the panic alarm without at least offering a…
Read moreCommercial Real Estate Continues to Support Canadian Housing
Just a few weeks ago we talked on this blog about commercial mortgages in Canada, and how they were helping to pour billions of dollars into the economy through taxes and revenues. Now, new stats have been published that continue to show just how well commercial real estate is doing in Canada. The stats come…
Read moreHow Much is Your Debt?
We’ve spent the last so far looking at debt all around the country. First we looked at Canada’s public debt, then Ontario’s, and then Toronto’s. We had already planned to talk about personal debt today as the fourth installment of our debt miniseries, when the news hit that our debt to income ratio has been…
Read moreNew Mortgage Rules Making it Even Harder for the Self-Employed
The new mortgage rules are making it harder for anyone to get a mortgage. But when it comes to self-employed mortgages, loans that have been harder to come by today anyway, it’s making them almost impossible. Just ask Pauline Kendall from Vancouver, who owns three homes and a condo, yet can’t get financing to purchase…
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