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View this RSS Feed2017-11-07 | 15:15:19
3 new mortgage rule changes starting January 1, 2018
Change # 1:Qualifying rate stress test to all uninsured mortgagesUninsured mortgage consumers must now qualify using a new minimum qualifying rate. The rate will be the greater of the five-year benchmark rate published by the Bank of Canada OR the...
2017-05-12 | 17:55:55
Hostage to the housing boom
When one of the real estate industry's largest lobby groups, Mortgage Professionals Canada, released a report recently analyzing the state of the country's housing market, it found, to absolutely no one's surprise, zero evidence of a bubble...
2017-01-30 | 15:48:19
China is buying Canada: and it's reshaping our housing market well beyond Vancouver
Paul Shen can tick off the reasons Mainland Chinese people buy property in Canada as surely as any fast-talking B. C. realtor. Some long to escape the fouled earth and soupy air of their country's teeming cities, he explains, while others are...
2017-01-30 | 15:45:07
Down payment rules unlikely to cool sales
Ottawa has unveiled its most targeted effort yet to try to cool the country's hottest real estate markets - Toronto and Vancouver - but any temperature drop is likely to be insignificant, according to housing experts. In fact, the announcement Friday...
2017-01-25 | 13:58:55
Who's Buying Up Canadian Homes?
Almost a decade after Canada's housing market escaped the real-estate meltdown experienced in many parts of the U.S., the risk of a potential housing bubble in Vancouver and in Toronto has become a central preoccupation for policy makers. Some...
2017-01-25 | 13:57:01
Good housing needs a good economy
The condition of housing on Canadian reserves is a disgrace. Manitoba reserves alone need $1.9 billion to repair houses and build new units to meet the need. In Canada, only Alberta is similarly impoverished, with First Nations in both provinces...
