The TOcore plan could hurt first-time buyers
To get an expert’s perspective on some of these market factors, we reached out to Ben Myers, President of Bullpen Research & Consulting Inc., and picked his brain on a few of these hot topics.
How the stress test is actually helping buyers
“Buyers knocked out of the market by the stress test are being saved, not persecuted,” says Globe & Mail writer Rob Carrick in a recent article.
Big banks hike interest rates, but don’t panic
Following TD, Royal Bank, Bank of Montreal and CIBC, Scotiabank is the latest of the Big Five banks to hike its benchmark interest rate, up to 5.34% from 5.14% effective immediately.
48% of Canadians feel B-20 hurts first-time buyers: survey
It’s getting a whole lot pricier to get a mortgage in Canada – with the economy back on track and household debt on the rise, policy makers have been tightening the interest rate reins at the fastest pace in a decade.
Increasing development charges will hinder affordability
Development charges are meant to be used for the infrastructure necessary to sustain additional population as a result of development.
Domestic condo investors are the ones actually holding the reins
It’s domestic condo investors, not foreign investors, who are shaping the GTA market according to a new report by Urbanation’s Shaun Hildebrand and CIBC economist Benjamin Tal.
New inclusionary zoning bylaws give municipalities power over affordable housing development
The province of Ontario just announced new inclusionary zoning bylaws in an effort to build a greater number of affordable housing units.
50% of millennials plan to buy a home in the next two years
According to a recent survey conducted by Ipsos for the Royal Bank of Canada (RBC), 32% of Canadians are likely to buy a home within the next two years. This percentage is 7 points higher than last year and the increase is thanks to millennials.
How will Sidewalk Toronto address affordable housing?
We had the pleasure of attending the first Sidewalk Toronto public roundtable meeting, one of the many ways Sidewalk Labs and Waterfront Toronto are consulting the public.
4 reasons first-time buyers shouldn’t be afraid to buy in Toronto
With the average price of new homes in the Greater Toronto Area (GTA) still seemingly too high for first-time buyers, we understand if you’re having some second thoughts about calling Toronto home.
