Canadian Mortgage Blog

http://bit.ly/2sZ344j With Canada going through its biggest surge in international immigration on record, and with almost a quarter of those immigrants landing in Toronto, rents for purpose-built units has gone up 17 per cent in the third quarter, according to a Bentall Kennedy LP head. from Toronto Star | BUSINESS | REAL_ESTATE http://bit.ly/2Tn3HjS via IFTTT Need a mortgage?: Mortgages Victoria

http://bit.ly/2UowODr Reuters reported on Jan. 25 that Canada was considering subjecting private lenders to the same mortgage stress test rules faced by banks, to prevent housing market destabilization from lenders’ rapid growth. from Toronto Star | BUSINESS | REAL_ESTATE http://bit.ly/2Tjwd5Y via IFTTT Need a mortgage?: Mortgages Victoria

http://bit.ly/2Dw7wOe “If you advertise projects I expect them to be completed,” says Mayor Maurizio Bevilacqua at a Vaughan committee of the whole meeting on Tuesday. from Toronto Star | BUSINESS | REAL_ESTATE http://bit.ly/2sHOdLy via IFTTT Need a mortgage?: Mortgages Victoria

http://bit.ly/2FWnP8I Buyers in a cancelled project says the city can’t trust Gupta Group, which is applying to build a similar project on the same site. Vaughan’s committee of adjustment from Toronto Star | BUSINESS | REAL_ESTATE http://bit.ly/2W8L597 via IFTTT Need a mortgage?: Mortgages Victoria

http://bit.ly/2Ta8Onx Tighter mortgage rules fail to take into account rising incomes, declining principals, says mortgage association report. from Toronto Star | BUSINESS | REAL_ESTATE http://bit.ly/2sKnAFT via IFTTT Need a mortgage?: Mortgages Victoria

http://bit.ly/2MfctxF RBC lowers the rate for its 5-year fixed mortgage with other banks expected to follow suit from Toronto Star | BUSINESS | REAL_ESTATE http://bit.ly/2swHhkb via IFTTT Need a mortgage?: Mortgages Victoria

http://bit.ly/2T0S8Pi Nationwide, sales totalled 458,442 for the year, a drop of 11 per cent which was the biggest since 2008, the Canadian Real Estate Association said Tuesday from Ottawa. The 2.5 per cent December drop from the prior month was the most in eight months. Vancouver and Toronto led the slowdown in transactions. from Toronto Star | BUSINESS | REAL_ESTATE http://bit.ly/2AOXqGf via IFTTT Need a mortgage?: Mortgages Victoria

http://bit.ly/2AF3vFi Icona buyers are furious that Vaughan is considering Gupta Group’s development application, saying a “restrictive covenant” preventing residential units on the property still exists. from Toronto Star | BUSINESS | REAL_ESTATE http://bit.ly/2SO3GVJ via IFTTT Need a mortgage?: Mortgages Victoria

http://bit.ly/2SM4mLt From food trucks to iPad giveaways to private wine and cheese nights, realtors are upping their game in a bid to lure potential homebuyers to an open house, a feat that may become more difficult with real estate markets across the country continuing to show signs of softening. from Toronto Star | BUSINESS | REAL_ESTATE http://bit.ly/2FjCxa2 via IFTTT Need a mortgage?: Mortgages Victoria

http://bit.ly/2H4725N The report released Wednesday found that Vancouver, Toronto and Calgary saw large drops in high-end real estate sales in 2018 as the markets dealt with a number of headwinds including tighter supply, higher foreign buyers taxes and strained economic conditions due to the falling price of crude. from Toronto Star | BUSINESS | REAL_ESTATE http://bit.ly/2C9IXob via IFTTT Need a mortgage?: Mortgages Victoria

http://bit.ly/2RHStZy CMHC reports says housing starts in Canada was 213,419 units in December, down from 224,349 in November. from Toronto Star | BUSINESS | REAL_ESTATE http://bit.ly/2RltOdW via IFTTT Need a mortgage?: Mortgages Victoria

http://bit.ly/2SGHQn2 Sotheby’s says Toronto’s luxury property market is better positioned than most cities to weather global events from Toronto Star | BUSINESS | REAL_ESTATE http://bit.ly/2ABySR4 via IFTTT Need a mortgage?: Mortgages Victoria

http://bit.ly/2Fgk6Dk The board says there were 2,825 home sales in Montreal in December based on the Centris provincial database, up three per cent from 2,755 in December 2017. from Toronto Star | BUSINESS | REAL_ESTATE http://bit.ly/2Cc3IzU via IFTTT Need a mortgage?: Mortgages Victoria

http://bit.ly/2GW9L0P Condo prices will stabilize in 2019 as more projects are completed, developers and analysts say. from Toronto Star | BUSINESS | REAL_ESTATE http://bit.ly/2RBT27q via IFTTT Need a mortgage?: Mortgages Victoria

http://bit.ly/2SE66GC The number of new listings also dropped as homebuyers and sellers grappled with a new reality of higher interest rates and stricter mortgage rules. from Toronto Star | BUSINESS | REAL_ESTATE http://bit.ly/2AycEiP via IFTTT Need a mortgage?: Mortgages Victoria

http://bit.ly/2AvYtLn Canada’s priciest housing markets saw their worst year for sales in at least a decade as higher borrowing costs and stricter mortgage rules hit home. from Toronto Star | BUSINESS | REAL_ESTATE http://bit.ly/2F3IrvS via IFTTT Need a mortgage?: Mortgages Victoria

http://bit.ly/2AwrJBv Vancouver real estate board says 24,619 residential properties sold last year — down 31.6 per cent from nearly 36,000 in 2017. from Toronto Star | BUSINESS | REAL_ESTATE http://bit.ly/2F6uz3a via IFTTT Need a mortgage?: Mortgages Victoria

http://bit.ly/2FanLlp In Ontario, the seller has no legal requirement to disclose a stigma such as murder or suicide and the onus is on the buyer and their realtor to find out. from Toronto Star | BUSINESS | REAL_ESTATE http://bit.ly/2Rv3Ofx via IFTTT Need a mortgage?: Mortgages Victoria

http://bit.ly/2ToXS4R It’s not cheap, but FlexHouz lives like two homes in one. from Toronto Star | BUSINESS | REAL_ESTATE http://bit.ly/2seVHpj via IFTTT Need a mortgage?: Mortgages Victoria

http://bit.ly/2s3Jzav BC Assessment also says some property owners in the rest of province have seen five to 15 per cent increases in property values. from Toronto Star | BUSINESS | REAL_ESTATE http://bit.ly/2GTomdv via IFTTT Need a mortgage?: Mortgages Victoria