Long-awaited tweaks to the government’s First-Time Home Buyer Incentive came into effect on Monday.
Nearly five months after the changes were first proposed , the Department of Finance and Canada Mortgage and Housing Corporation (CMHC) have enhanced the eligibility criteria for buyers in Toronto…
In Other News
TD Bank is forecasting that home prices have further to rise yet before finally starting to lose steam by the end of the year. “…with markets remaining historically tight, more near-term gains are in the cards,” wrote TD economist...
Many Canadians are under the assumption their mortgage is as good as done once they have a mortgage pre-approval. But the truth is a buyer cannot expect a mortgage pre-approval will automatically translate into a mortgage. The lender now...
Homeowners fearing sweeping measures that could have over-corrected the housing market likely breathed a sigh of relief on Monday after hearing the details of the federal budget. Despite growing calls from numerous bank analysts in recent weeks for the...
The ongoing surge in home prices across the country is discouraging a large number of young non-homeowners, many of whom say they’re giving up on the dream of homeownership altogether. More than a third (36%) of non-homeowners under 40...
Canada’s average home price rose 31.6%— or $172,361— over the last 12 months, to yet another record-setting high in March. The average national price now stands at $716,828, according to data from the Canadian Real Estate Association (CREA). Even...
A Canadian provider of consumer relationship management software (CRM) has announced a new partnership that will see its systems integrated with both Velocity and Filogix Expert.
