In toronto real estate, it takes a six-figure household income to afford a home in the Greater Toronto Area. The exceptions are a couple of pockets of Durham where, if you’re earning a little less than $100,000 a year, you can still find a starter nest. A study being published Friday by real estate […]
home buying
Banks and Insurers Increasingly Shy Away from Former Grow Ops
At first glance, the mid-century, three-level Winnipeg home was everything that Sarah Fehr and her fiancee had been looking for. It was located in the right neighbourhood, had a double garage and the backyard was spacious enough for the couple’s two pugs to frolic in. Perhaps most importantly, it was reasonably priced. However, a […]
Canadian mortgage rates goes down to their lowest level in 2 years
Canadian mortgage rates goes down to their lowest level in 2 years House prices may be as high as ever in Toronto in June, 2019, but Toronto homebuyers are being offered some of the lowest mortgage rates seen in 2 years as lenders battle to drum up new business. Rates on a standard […]
Interest Rate goes up adding to homebuyers’ challenges, more first-time buyers will not qualify
The interest rate up and third Bank of Canada rate hike this year could shut more first-time buyers out of the Toronto region’s housing market. It will increase hundreds of dollars to some homeowners’ challenge mortgage payments. More first-time buyers may not qualify for mortgage. The central bank has raised its key lending […]