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Kathleen Wynne promises a "small change," not radical reforms.
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Toronto and Vancouver are the "most vulnerable" markets, NBF says.
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A balanced growth policy that respects and promotes sustainable development along with supplying more affordable shelter for families will help to ensure that the GTA grows while maintaining its competitive advantage in the global marketplace.
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The next several weeks are crucial in Canada's housing market. Ottawa's Let's Talk Housing initiative wrapped up consultations in late October, and is now working toward tabling the results on Nov. 22. But for anyone expecting a full-on housing policy on that date -- best not hold your breath.
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If you're lucky enough to own a small slice of the GTA's pricey property pie, you could find yourself among those vehemently opposed to any new development in their neighbourhood. After all, established Toronto hot spots like The Annex, Bloor West Village and Mount Pleasant are full, right? But here's the problem.
Recognizing housing as a fundamental human right could be viewed as a dangerous proposition for many who treat housing as a business. It opens the door for lawsuits against both businesses and governments who fail to take the issue seriously.
When Moody's talks real estate, take it with a grain of salt.
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Halloween is coming up, but if you've been paying any attention to the housing headlines this fall, you might be getting spooked for a whole other reason. It could be the skyrocketing price of homes that's causing you to lose sleep. Perhaps it's Finance Minister Bill Morneau's recent changes to mortgage rules which took effect on Oct. 17. And it doesn't stop there.
While the federal government is trying to rein in some of the borrowing that's taking place by making it more difficult to borrow, every one of us should take heed -- interest rates will rise. I believe the most important thing individuals should be doing is locking in their mortgages (ideally for five years).
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"Zero appetite" for interest rate hikes at the Bank of Canada.
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Vancouver’s housing market has been under some heavy pressure recently, with sales falling for the past six months and the average resale price taking a big dive in August. But the same trend doesn’t...
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Nationally, real estate markets remain healthy, with home values showing modest to strong price appreciation in almost every Canadian city. New measures introduced by the federal finance ministry on October 3, designed to cool the housing market, have led to a decline in sales in Vancouver.
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High levels of debt plus rising house prices result in economic contractions, warns CMHC CEO.
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Homebuyers rushed to get approved before new "stress test."
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"Uncertainty" in the market amid new mortgage rules.
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Mortgage borrowers face "stress test" under new rules.
Mark Blinch / Reuters
Foreign buyers are bailing on B.C.
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The long-running seller's market will slowly become a buyer's market due to lack of affordability, which in turn could result in decreased housing prices -- as people will no longer be able to afford homes in what were previously known as "hot markets."
One of the biggest factors that determines whether people will stay healthy or wind up needing emergency or chronic medical care is where they live. People without access to stable housing are at higher risk of illness, and their likelihood of recovering well from that illness is greatly diminished.
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Women's homelessness is a significant, yet often hidden, crisis facing this country. Research shows that for every person who is absolutely homeless, there are at least three more who fall into the hidden homelessness category.
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Under the new mortgage rules, which take effect on Oct. 17, all new insured mortgages must qualify for the amount at a rate of 4.64 per cent, which is an average of the big banks' current posted mortgage rates. This is the case even if the rate offered by your lender is lower.
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Under new mortgage rules just announced by Finance Minister Bill Morneau, all insured mortgage borrowers must now pass a "stress test" proving that they can carry a mortgage at a realistic rate (the Bank of Canada's conventional five-year fixed posted rate), and not simply the "teaser" rate offered for a short period by the mortgage lender.
Getting a first-time mortgage from a Canadian bank is like getting security clearance to work at NORAD. Income, credit history, source of down payment funds... are all key measurements to qualifying. These rules, of course, only apply to Canadians. Foreign buyers, some have speculated this week, may be receiving preferential treatment.
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OTTAWA -- National Revenue Minister Diane Lebouthillier has asked the Canada Revenue Agency to look into the actions of real estate speculators in B.C. following a newspaper investigation. The Globe a...
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We used to be an oil and manufacturing power. What will we be now?
Buyers' criteria may vary depending on their age and location. When it comes to the value of your home, however, certain neighbourhood features have very distinct influences -- positive and negative -- that you should be aware of.
Vancouver softens and Toronto looks to maintain its momentum.
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Listing your home in an up-and-coming area can sometimes work against you.
If you can't picture what that looks like, a quick drive down the Gardiner Expressway will make it very clear. Interest rates are low, renter demand is high and investors are looking for alternate income streams. These combined factors create the perfect condition for purpose-built housing projects to thrive.
Why drive into town when you can boat?
"People want a place where they can rest, a haven away from the busy world."
Go beyond the brick and mortar if you're looking to sell your home faster.