Flippers could be Hardest Hit if Mortgage Rules Change
Just this morning we looked at the proposed changes to mortgages in Canada that the OSFI is considering making. The changes dictate that all mortgages in the country, not just those without a full down payment, will be restricted to a 25 year amortization cap. While some think this is going to be a move…
Read moreWill the New Mortgage Rules Benefit B Lenders?
A few days ago Canada Mortgage Trends announced that they had been told by the Office of the Superintendent of Financial Institutions (OSFI) that all mortgages in Canada could be capped at a 25 year amortization. Not surprisingly, this news has spurred lots of conversation around the country, and the potential impacts this move could…
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Top 10 Places to Live in Canada (Infographic)
It can be very difficult to pick any one “best city” in this beautiful country. How do you decide? Do you go by weather? Housing values? Employment numbers? For our purposes we first went mainly by size, in both land size and/or population, and then discovered a recurring trend. The biggest cities in Canada also…
Read moreTighter Mortgage Rules Open Up Rental Market
It can be hard sometimes to focus on the positives that came out of the tighter mortgage rules that were put in place nearly a year ago. But in addition to the reason for the changes in the first place, helping curb household debt and prevent a housing bubble, there’s another positive that’s come of…
Read moreWhat Attracts First-Time Buyers to a Neighbourhood? Transit!
Homes are our safe haven, and so it should come as no surprise that safety is the top factor when home buyers, first-timers or otherwise, use this as their key deciding factor in where to buy. In fact, 62 per cent of first-time buyers consider safety to be the most important factor when deciding on where…
Read moreShould all Mortgages in Canada be Capped at 25 Year Amortization?
If there was an outcry when the Department of Finance capped amortization lengths on insured mortgages, there may be an all out war if their newest proposed changes are to go through. According to the industry newsletter published by Canadian Mortgage Trends, the Office of the Superintendent of Financial Institutions (OSFI) is considering capping all…
Read moreToronto Condo Sales Plunge by More than Half in First Quarter
When comparing the real estate years of 2012 and 2013 in Toronto, especially the beginning of the years and taking the condo market into consideration with it, you know there’s going to be a huge gap. Last year condos were the talk of the town, and anyone who bought one the newest beau or belle…
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