REAL ESTATE BLOG

With the real estate market heating up, it’s about to get hotter with new changes to the mortgage stress test becoming reality.    But is this really true?  There was some talk of potential changes to the mortgage stress test back in December of 2019, however the proposed changes were not clear.  Canadian Finance Minister Bill Morneau didn’t waste much time in putting the changes into action, which were announced yesterday,...

If you think prices are going to decrease or that they are too high, think again.  All forecasts predict price increases in 2020, because...... Low supply in the Greater Toronto Area expected to fuel home price growth in 2020 Greater Montreal Area forecast to see highest appreciation rate in 2020 among cities surveyed Greater Vancouver house prices forecast to stabilize in 2020 Ottawa’s aggregate home price forecast to cross half million dollar mark in 2020 Click the...

Since late in the first quarter of the year, it’s been predicted that the Bank of Canada will be dropping rates this year.  The wait continues however, as the Bank of Canada announced this morning that they will be maintaining their overnight rate.  The overnight rate is what prime rate is based on. This is not something that has come as a surprise, and is exactly what was expected..   The Bank of Canada has been desperately trying to avoid a rate cut this year,...