One market has reduced land transfer taxes for first-time homebuyers
Brokers are optimistic about the year ahead, according to early Broker Sentiment Poll results. There is still time to have your say in the industry’s most comprehensive survey about the brokering industry. Click here to take the quick five minute survey.
The average selling price for a house in Toronto for the first half of February 2015 was $602,110, a 10.3 per cent increase compared to the average reported for the same period in 2014
There’s no slowdown in sales in Toronto according to new data.
The shadow lending market is growing as tighter regulations force the major banks into tighter controls.
Consumers are feeling less confident in the economy and real estate prices according to the latest Bloomberg Nanos Canadian Confidence Index.
Retirement is getting further away for more Canadians.
Brokers in one region of the country should expect some difficulty funding high ratio mortgages, after one mortgage default insurer has said it will more closely analyze applications from those clients going forward.
A new study, ten years in the making, will help brokers better advise clients who are interested in purchasing one of the most popular property types.
The decline of interest and prime lending rates have provided investors and other buyers with unique investment opportunities but with uncertainty still ahead, the question remains: Variable or fixed for your investor clients?
As competition in the mortgage market heats up smaller lenders including credit unions are offering better deals.