The real reason the government has introduced stringent mortgage stress testing, claims a mortgage broker, is because it wants Canadians to spend less money on mortgage payments and more on other segments of the economy
Ottawa Real Estate Board says that the region had a stable year in 2014 despite the weaker condo sector.
First time buyers have something of a mountain to climb these days with price increases pushing the amount needed for a downpayment higher during last year.
One industry player is advising brokers to not only focus on helping clients with debt management, but to write about it as well.
The numbers are in and one of Canada’s hottest housing markets neared record sales in 2014.
Vancouver’s hot housing market has finally hit the milestone many prospective buyers feared, with the benchmark price of a detached home rising to more than $1 million in December, but agents say that’s not exactly par for the course.
There was a 46 per cent rise in the number of condos selling for $1 million or more in the Greater Toronto Area last year.
The slowdown in the energy sector is beginning to affect the real estate market in Alberta.
The potential for a provincial boom from proposals to export liquefied natural gas has led to growth in property values in northwest BC.
A private group led by one of Quebec’s most successful bankers has purchased a controlling stake of a major broker network with two of its chief executives staying on as managing partners.
Micro condos may be one of the biggest Canadian real estate trends on the horizon, but financing continues to be an issue. One broker explains why.