What does this mean for owning a home, and how could it impact prices. Since December 2018 we’ve seen 5 year fixed rates drop by more than 1% - this may seem insignificant but that’s a 25% drop in rates in just 6 months. [...]

After the rate hike, what’s next? On July 12th, for the first time in seven years, the Bank of Canada increased the overnight rate by .25%, withdrawing some of the stimulus that was needed after the oil price collapse and 2008 financial crisis. Variable [...]

Recently there has been lots of speculation on how the Canadian Government will cool the red-hot Real Estate markets in Toronto and Vancouver.  Ideas have been thrown around about introducing the foreign buyer tax in Toronto, as was done in Vancouver.  Additionally, there has [...]

Changes to Ontario Land Transfer Tax Today, the Province of Ontario announced changes to Land Transfer Tax (LTT) to try and ease the cost of buying for First Timers while making other changes to maintain the cash flow generated from the tax by increasing [...]

What you should know about new mortgage rules. On October 3rd, Finance Minister Bill Morneau announced that new mortgage rules will include more stringent “stress testing” for borrowers. The new rules are designed to lower debt levels, enforce some belt-tightening, and protect the housing [...]

The details are still coming in, but the Liberal government has announced major changes to mortgage lending policies aimed at ensuring Canadians aren’t taking on bigger mortgages than they can afford in an era of historically low interest rates.  Other changes are also meant to [...]

The BC government moved to address the lack of housing affordability with an additional 15% property transfer tax on foreign nationals and corporations buying in Metro Vancouver. Foreign nationals may now look to other cities, adding some price pressure to those markets. The measure [...]

The uncertainty created with Brexit, in which Britons voted to leave the European Union, will keep interest rates low in the U.S. and Canada well into 2019 according to most economists.  The impact on Canada for both its real estate markets and interest rates [...]

In its Annual State of the Residential Mortgage Market in Canada report, Mortgage Professionals Canada, reveals Canadians are finding ways to increase their down payments and start the process of retiring their mortgage debt. The fall report, prepared by Mortgage Professionals Canada Chief Economist [...]