June

June 21, 2012

Jim Flaherty announces new Finance Rules

Finance Minister Jim Flaherty has announced the fourth round of mortgage restrictions in the past four years. Starting July 9, 2012, those with less than 20% equity will no longer be able to get: • a 30-year amortization, the maximum […]
June 18, 2012

GTA REALTORS® Report Mid-Month Resale Housing Market Figures

TORONTO, June 18, 2012 – Greater Toronto REALTORS® reported 4,597 sales through the first 14 days of June – a result that was on par with the strong sales activity reported in the June 2011 mid-month release. While sales were […]
June 15, 2012

Canadians debt-free before the age of 50? It’s more common than you think.

A mortgage will not only be the largest sum of debt in your life, but also the longest. The most common amortization period is 25 years and considering the average Canadian will live to about 80 years of age, paying […]
June 7, 2012

Strong Sales and Price Growth in May

Greater Toronto REALTORS® reported 10,850 transactions through the TorontoMLS system in May 2012 – an 11 per cent increase over the 9,766 sales in May 2011. Sales growth was strongest in the ‘905’ regions surrounding the City of Toronto. “Sales […]
June 7, 2012

Bank of Canada holds rates, warns on global outlook

The Bank of Canada acknowledged Tuesday the European debt crisis has caused “a sharp deterioration” in the global financial sector, but indicated it’s keeping interest-rate options open, at least for now. The central bank left its lending rate at a […]
June 1, 2012

Market News: Healthy high-rise sales so far

How is the 2012 new high-rise market faring compared to last year? As it happens, it depends on whom you ask. Using numbers supplied by the market analysts at RealNet Canada, the Building Industry and Land Development Association (BILD) showed […]