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Mortgage Rates to Decline Following Bank of Canada Rate Cut January 21, 2015 "Canadian homeowners have likely gained a reprieve from an expected increase in mortgage rates this year. Economists say rates will dip slightly in response to the Bank of Canada's surprise move Wednesday to cut its trend-setting interest rate to 0.75 per cent, from one per cent, to soften the blow of dropping oil prices on […] Read More
Sales Dip in November while Selling Prices Increase December 5, 2012 The Toronto Real Estate Board reported 5,793 sales in November 2012 – down by 16% compared to November 2011. “Transactions have been down on a year-over-year basis since June, after being up substantially in the last half of 2011 and the first half of 2012.  Some buyers pulled forward their decision to purchase, which has […] Read More
Government Announces Further Tightening of Mortgage Regulations June 22, 2012 The Federal Finance Minister announced further changes to Canada’s mortgage rules.  Four measures were announced: 1. Amortizations reduced to 25 years 2. Refinancing limited to 80% 3. Properties purchased at over $1 million no longer eligible for mortgage insurance 4. GDS and TDS set at 39% and 44% CAAMP believes that Canadians understand the importance of paying […] Read More
Is there ever a bad time to invest in a rental property? June 1, 2012 Is there ever really a good or bad time to get into the real estate rental market? The answer is yes, and also no; it all depends on your current financial situation. If the Toronto residential market is used as a barometer we can see that residential real estate has treated us quite well over […] Read More
Banks’ mortgage war may lure new homeowners March 11, 2012 Canadians are getting another chance to sign a mortgage at historically low rates, and for some it may be enough to push them to take a leap in the overheated real estate market. On Thursday, Toronto-Dominion Bank, (TD-T 82.090.390.48%) Royal Bank of Canada (RY-T 56.86-0.07-0.12%) and Canadian Imperial Bank of Commerce (CM-T 74.98-1.13-1.48%) trimmed the rate on four-year […] Read More
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