Read this before moving to the suburbs to save money
A new report from the Canada Mortgage and Housing Corporation finds that the savings from buying a lower priced house in the suburbs of Toronto may be offset by commuting costs.
Genworth Series:What is Mortgage Default Insurance
The amount of money you save for the down payment will determine whether you will require mortgage default insurance.
60% of the CMA’s condo starts last month were in Toronto
The Canada Mortgage and Housing Corporation released its monthly housing starts results for July 2018, reporting a downwards trend.
Expect fewer new homes breaking ground in Toronto during 2019
The Canada Mortgage and Housing Corporation released its monthly housing starts figures for January 2019, reporting that starts held steady compared to the previous month.
Toronto condo construction strong as buyers seek affordability
The Canada Mortgage and Housing Corporation (CMHC) released its housing starts report for February 2018, announcing that new home construction has held steady compared to the previous month.
Ground-oriented housing starts gaining strength in Toronto
According to the Canada Mortgage and Housing Corporation’s monthly housing starts report, national starts trended at 223,507 units in September 2019, up slightly from 218,782 in August.
Land constraints impacting pre-construction detached home sales
The Canada Mortgage and Housing Corporation released its national housing starts figures for August 2018, reporting a drop in the monthly trend.
Could the FTHBI even be used in Toronto? INFOGRAPHIC
The First-Time Home Buyers Incentive, a new national mortgage-equity sharing program, has been the subject of sharp scrutiny since it was first announced by the federal government in March.
Canadian housing starts remain steady heading into winter
As Canada approaches the harsh winter months, it looks like the nation’s housing starts remained steady through November 2019, according to the latest data from the Canada Mortgage and Housing Corporation.
Know Your Worth
By using the same formulas and ratios that banks and trust companies use, it's possible to determine the approximate size of the mortgage you will qualify for.
