CMHC Condo Buyer’s Guide Revised
By Penny MunozIf you’re looking to invest in a condominium, make sure you take a look at the updated Canada Mortgage and Housing Corporation (CMHC) Condominium Buyer’s Guide. The guide sets out to help potential homebuyers determine whether condominium
Is Toronto’s Housing Market at Risk of Overbuilding?
The Canada Mortgage and Housing Corporation (CMHC) released its updated results of the House Price Analysis and Framework, announcing that Toronto’s housing market is at moderate risk due to overvaluation and risk of overbuilding.The analysis and
Will the GTA housing market experience a slowdown this year?
On the heels of a hot housing market for 2016, Global TV’s finance expert Preet Banerjee thinks we’re going to lose some steam as 2017 progresses. Owing largely to the change in mortgage rules that will mean some buyers lose between 15% and 20% of their
10 Interesting Traits of Condo Investors in Toronto and Vancouver
The Canada Mortgage and Housing Corporation (CMHC) has released the results of its 2014 Condominium Owners Survey (COS), outlining the buyer profile of condo owners and investors in Toronto and Vancouver.42,191 households in Toronto and Vancouver were
Toronto housing still at risk of overvaluation
The Canada Mortgage and Housing Corporation (CMHC) released its latest Housing Market Assessment (HMA) and Housing Market Outlook (HMO), declaring that overall Canadian markets are “highly vulnerable” with evidence of overvaluation and price
20 grants and loans for first-time buyers in Ontario
Saving a sufficient down payment is tough enough on its own and when coupled with rising interest rates and tough qualification rules – which includes a mortgage stress test– affording a home becomes very difficult for some.
Home price growth expected to slow over next 2 years
According to the latest report from Trimart Research Corporation, the supply and demand issue in the new low-rise market continues to bolster home prices. But, Trimart also notes that the Canada Mortgage and Housing Corporation (CMHC) has announced that
Housing starts in Toronto are slowing down but remain stable
The Canada Mortgage and Housing Corporation (CMHC) released its housing starts figures for September 2016, announcing that every region of Canada experienced an upward trend except for Ontario.The trend measure for last month’s national housing starts
These tips will help you start managing your debt
With rising interest rates and the stress test, renewing your mortgage can be a stressful time, and you’re likely growing more concerned over your household debt. That’s why we want to share a few tips to help manage your debt and get back in the black.
High-rise construction strong due to ‘unprecedented’ level of condo sales
The Canada Mortgage and Housing Corporation (CMHC) released its monthly housing starts report for August 2017, announcing that starts in Canada trended higher last month.Nationally, the trend increased to 219,447 units, compared to 217,339 in July. The
