In toronto real estate, new regulations aimed at inducing it harder to get a mortgage take effect today, October 17, 2016, a move that is bound to have an impact on demand for homes in Canada. Earlier this month, Ottawa announced the moves, which boil down to a stress exam for all insured mortgage […]
central toronto real estate
Major changes to Canada’s housing and mortgage lending rules
In toronto real estate, the Liberal government has announced sweeping changes aimed at ensuring Canadians aren’t taking on bigger mortgages than they can afford in an era of historically low interest rates. The changes are also meant to address concerns related to foreign buyers who buy and flip Canadian homes. Below is a breakdown […]
Toronto family is forced to live next to porta-potty for 2 years, Toronto city tells it can’t help
In Toronto news, Lakshmi Kotra and his family have been living next door to a porta-potty for two years, and City of Toronto officials are telling him that nothing can be done about it. In Toronto neighbourhoods, Kotra lives at the end of New Haven Drive, a small, leafy street near Bathurst Street and […]
Bank Governor Poloz Describes Toronto’s Real Estate Market Like A House of Cards
In toronto real estate, Bank of Canada governor is urging the Toronto city council to prepare for the changes in the housing market. For the past two decades, the natives of Toronto didn’t find it difficult to acquire mortgages and those who got these approvals have been buying into an ever more inflated housing […]
GTA Has Low-Rise Homes For Sale More Than in 2015 – BILD
In toronto real estate, the days when you could actually find a beautiful low-rise house in Toronto is over. Only a few Torontonians can now afford to buy houses and also few of them purchased low-rise homes in April, 2016. The Building Industry and Land Development Association (BILD) simply described it in these words: […]