Duffie is a managing editor at Key Media in Toronto, Canada. He has over a decade of editorial experience and contributes and edits content for several of Key Media’s business titles across different markets, including Insurance Business Canada, Canadian Mortgage Professional, Mortgage Professional America, Australian Broker, NZ Adviser, and Australasian Lawyer.
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Support aims to address housing crisis in one of Canada’s most unaffordable cities for homebuyers
But is the supply surge enough to have a meaningful impact on prices?
Buyers encouraged to "seek a clear understanding of the risks associated with these emerging trends"
Experts agree inspections are vital – but a red-hot market means some are willing to accept the risk
Broker says changes needed to curb speculation, increase occupancy rates, and raise taxes where appropriate
An expert thinks it's debatable
Banks use valuations to decide how much to lend – but what if the final price is larger than the appraised value?
It's not about resale value…
New report also shows the rate of mortgage arrears in Canada remained low last year
However, the housing agency notes elevated imbalances in several metros – including Toronto