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News Centre
CMHC to consider 100 per cent rental income in loan applications
Tuesday, July 28, 2015
The rules surrounding the income from rental units considered in home loan applications submitted to the Canada Mortgage and Housing Corporation are changing.
Home buyers and builders face different risks with same market issues
Friday, July 24, 2015
Interest rates have an impact on the GTA housing market in more ways than many people may realize.
New high-rise sales in the GTA bounce back in June after months of declines: RealNet
Thursday, July 23, 2015
June proved to be a busy month for the new housing market with RealNet Canada reporting an increase in both sales and prices. According to numbers released Wednesday, the surge wasn’t just limited to low-rise homes, which have typically outperformed the new condo market in recent months.
Canadian home sales edge lower but remain strong in June
Wednesday, July 15, 2015
According to statistics released today by The Canadian Real Estate Association (CREA), national home sales activity edged slightly lower on a month-over-month basis in June 2015.
Bank of Canada lowers overnight rate target to 1/2 per cent
Wednesday, July 15, 2015
The Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of one percentage point to 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent.
Record smashed in Steel Town
Tuesday, July 7, 2015
Property listings continue to fly off the shelf in what many are calling Ontario’s hottest market for brokers – a stone’s throw from the GTA.
Low borrowing rates spur Canadians to add to mortgage debt in May
Tuesday, June 30, 2015
Canadians added to their mortgage debt amid continued bargain-basement borrowing rates in May, but the overall trend in household debt continued its recent moderation in the month, new Bank of Canada statistics show.
These are the best cities for property investment in Canada
Monday, June 22, 2015
A new report suggests that property investors should look outside the biggest housing markets for better returns on their money.
Drawing Conclusions: How much does it cost to break a mortgage?
Thursday, June 11, 2015
Personal finance expert Preet Banerjee explains the two formulas you need to know: Three Months' Interest and Interest Rate Differential (IRD)
Conceptions, misconceptions and the five C's of credit
Thursday, June 4, 2015
When talking about the five C’s of credit, there is a difference in where conventional and private lenders place the order.
GTA REALTORS® Report Monthly Resale Market Figures
Thursday, June 4, 2015
Toronto Real Estate Board President Paul Etherington announced 11,706 sales reported by Greater Toronto REALTORS® in May 2015. This result was up by 6.3 per cent in comparison to 11,013 sales reported in May 2014. For the TREB market area as a whole, sales were up for all major housing types. However, in the City of Toronto, where the supply of low-rise listings has been constrained, sales were down for detached homes.
No crash says Genworth chief
Tuesday, June 2, 2015
The head of Canada’s largest private mortgage insurer says the hot housing markets in Toronto and Vancouver are not about to crash. Stuart Levings, head of Genworth MI Canada, will be speaking to investors in the US following data showing a 9.4 per cent rise in prices in Vancouver in the year to May.
CMHC mortgage defaults still low, claims paid in first quarter drop by $9 million
Friday, May 29, 2015
Canada Mortgage and Housing Corporation says its first-quarter results show its portfolio remains strong in the wake of a continued housing boom in some parts of the country.
Ontario Increasing Protections for Condo Owners
Wednesday, May 27, 2015
Ontario is introducing new legislation to increase protections for condominium owners, improve how condo corporations are run, and ensure that condo boards are governed professionally.
Finance minister addresses housing bubble fears
Wednesday, May 20, 2015
Canada’s finance minister says the country’s real estate market has avoided the so-called bubble, with many markets already experiencing a soft landing.
Looming housing problem needs action from Ottawa, study says
Tuesday, May 19, 2015
The country has a looming housing problem that is going to require action from all levels of government, according to a new report from the Federation of Canadian Municipalities.
Canadian home sales up again in April
Friday, May 15, 2015
Ottawa, ON, May 15, 2015- According to statistics released today by The Canadian Real Estate Association (CREA), national home sales activity posted a third consecutive month-over-month increase in April 2015.
No risk of housing 'bubble': Poloz
Tuesday, April 28, 2015
The Bank of Canada’s top brass assured a parliamentary committee that Canada’s bloated housing market has not become a risky asset bubble, despite the central bank’s own calculation that house prices nationwide are roughly 20 per cent overvalued.“We don’t believe we’re in a bubble,” Bank of Canada Governor Stephen Poloz said in testimony Tuesday to the House of Commons Standing Committee on Finance.
What Every Canadian Borrower Needs To Know About Fixed-Rate Mortgage Penalties
Monday, April 27, 2015
Fixed-rate penalties are of particular importance in the current interest-rate environment because the differences in the methods used to calculate them are actually more pronounced when fixed-mortgage rates stay flat or rise slightly over an extended period – exactly the scenario that many experts predict will unfold in the coming years.
How to turn your mortgage into a tax advantage
Friday, April 24, 2015
Unlike our neighbours to the south, mortgage interest on a principal residence in Canada is not tax deductible, well, at least not without some elaborate tax planning.

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