Posts Tagged ‘mortgage’
Major lenders hike rates following Bank of Canada decision
Canada’s major banks have been quick to react to the Bank of Canada’s decision to raise interest rates to 1.25%. CIBC, RBC, Scotiabank and TD were among the first lenders to increase their prime lending rates by 25 basis points to 3.45%; the new rates take effect from today (Jan 18) more
Read MoreSold Strategies goes to #1!
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Read MoreGovernment thinks these measures will cool the hot market. Are they aiming at the right places?
As a REALTOR, part of me wants to see the gov’t do something about escalating prices. But the other side of me has investors who are paying too much for homes, then being forced to pass it on to renters with higher initial rents. Capping increases will help, yes, but what about the high starting…
Read MoreHousing issues won't involve reducing the Greenbelt
Ontario Premier Kathleen Wynne says that as the province looks to tackle housing supply issues, it won’t reduce the Greenbelt lands. She says the government is actually committed to expanding the Greenbelt, which is about 800,000 hectares of protected land that borders the Greater Golden Horseshoe area surrounding Lake Ontario. Wynne says the Greenbelt is…
Read MoreOntario hints at cooling hot real estate market
Finance Minister Charles Sousa says the upcoming spring budget will include a package of measures dealing with housing affordability. The Liberal government has promised measures to help curb rising home prices in some markets, particularly in the Greater Toronto and Hamilton Area. (more)
Read MoreCities densifying rather than sprawling
Information from the latest Canada Census report are slowly trickling out and here’s an interesting development: urban density is more important than urban sprawl. “What we’re trying to do, as many communities are, is really trying to stop or limit sprawl and densify the areas that we already have because we know infrastructure is expensive,” says…
Read MoreNo crash for Canadian housing market say experts
Moody’s Analytics economist Andrew Carbacho-Burgos believes that growth in prices will slow nationally to 2 per cent with Vancouver and Toronto leading the decline as domestic buyers continue to struggle with affordability and foreign investment eases. http://www.repmag.ca/…/no-crash-for-canadian-housing-market…
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