Canada creating a Real Estate Task Force to ensure tax-compliance
According to the government of Canada and the Canada Revenue Agency, tax non-compliance and money laundering can be a significant factor causing the rising cost of housing in the country’s hottest markets.
The mortgage stress test is flawed because it doesn't consider income growth
There’s a mortgage stress test duel underway, and the weapons of choice are reports and open letters. Who will win?
Mortgage activity slows as Canadians fall deeper into debt
Since late 2015, the mortgage delinquency rate among 65+ mortgage holders has been on the rise and the highest among all age groups, says the Mortgage and Consumer Credit Trends report by CMHC.
The Art Shoppe is closing its iconic Toronto showroom and yes, there’s a sale!
Even if you can’t afford to actually shop at The Art Shoppe, you’ve likely heard of the iconic 70,000 square foot showroom in the Castlefield Design District in Toronto. The company has an 83-year history, and they are planning for the next era.
Q&A with a first-time buyer who’s about to move into her new condo
To give first-time buyers an idea of what to expect as their occupancy approaches, we chatted with a first-time buyer who will be moving into her new condo in just a few weeks!
First-time buyers value shorter commutes over square footage
A new survey conducted by Genworth Canada in collaboration with Royal LePage unveiled key trends among first-time buyers based on the last two years of activity across the country.
Neighbourhood factors that Toronto homebuyers don’t care about
In the real estate industry, it’s important to know what location factors are important to buyers, but it’s also important to understand what people don’t care about.
5 things first-time buyers forget about at the time of occupancy
Did you buy a new pre-construction condo as your first home? As your occupancy approaches, you’re probably getting super excited to move in, but there are a few things that many first-time buyers forget about at this important milestone moment.
Modern families in Toronto value neighbourhood safety when buying a home
When it comes to buying a home in Toronto, young modern families prioritize safety, work and family. You’ll be interested in what urban dwellers don’t care about when it comes to home location.
What would happen if the mortgage stress test was eliminated?
Sixteen months after the implementation of the federal government’s B-20 mortgage stress test regulations, TD Bank released an examination of its effects. Basically, the stress test did what it was supposed to do, but had some unintended consequences.
