MERIX Financial’s interest-only mortgage, introduced a year ago, is taking the broker channel by storm because of how neatly it fits into borrowers’ financial lives
This option offers much less risk to would-be borrowers, Ratespy.com founder says
Measure is intended to boost security and fairness in the market’s rental sector
While Ontario Premier Doug Ford has been busy on the housing and transit files—among the two most pressing issues in Toronto—his efforts have left much to be desired
Stronger building activity in the multi-residential sector propelled the national market
Fierce competition will abound as new supply gets occupied almost as soon as it becomes available
Minto Apartment acquires large interest in an extensive multi-residential asset in the city
The Ontario provincial government wants to endow the Local Planning Appeal Tribunal with the same power the defunct Ontario Municipal Board had to overrule decisions made by local-level officials—an initiative brokers say will deliver much-needed housing supply
Newer and older condos are valued quite differently in the two markets, however
More than 300 residential units have already been sold since sales began last October
An estimated 70 low-cost units will be added to the market if proposal pushes through