HARDER TO QUALIFY WITH 50% DOWN THAN WITH 5% DOWN.. DOES THIS MAKE SENSE? October 2016, our Federal govt announced a number of new mortgage rules including the infamous new … Continue Reading OSFI announces strictest mortgage rules ever… what you need to know.
Fewer homes in the summer. Lower average home selling price in the summer. That’s this year’s headline. But it could also apply to last year or the year before or … Continue Reading Spring housing market in the Fall?
From April 2016 to March 2017 Canadians spent $19billion buying U.S. properties, according to the U.S. National Association of Realtors. Put another way, Canada was only behind China for all … Continue Reading Canadians bought more U.S. real estate than almost anyone else!
Much has been written about the Canadian housing market. Even more about greater Toronto and Vancouver. The pessimists are waiting for a collapse. The optimists are hoping the prices keep … Continue Reading Housing market is active but will slow in summer as it ALWAYS does..
15% Foreign home buyers tax, not a big deal Last year, Vancouver introduced a 15% foreign homebuyers tax. I predicted it would come to Toronto after 6 months. Today, Ontario’s … Continue Reading Toronto 15% Foreign tax, new Rent controls… it changes nothing!