WEEKLY RESIDENTIAL  MARKET UPDATE  Industry & Market Highlights  Bank of Canada Raises Rates The Bank of Canada raised it’s overnight rate by 0.25% from 1.25% to 1.50%. This target overnight rate is what major financial institutions charge for one day loans, and is used to set Prime lending rate for consumers.  The overnight lending rate […]

WEEKLY RESIDENTIAL  MARKET UPDATE  Industry & Market Highlights  Good News for Homeowners A report by Canada Mortgage and Housing Corp. says a recent drop in Ontario home prices isn’t expected to persist. It says moderate economic growth in the Greater Toronto Area and Ontario generally will provide support for provincial real estate prices in 2018 […]

WEEKLY RESIDENTIAL  MARKET UPDATE  Industry & Market Highlights  Home Sales Strong in May, with Best Monthly Numbers in 2018 The London and St Thomas Association of REALTORS® (LSTAR) announced 1,171 homes* were sold in May, down 24.4% over the same time last year, which saw a record-setting month for May with 1,549 homes sold. The […]

WEEKLY RESIDENTIAL  MARKET UPDATE  Industry & Market Highlights  Mortgage Professionals Canada Housing Market Digest We are excited to announce the newly revamped Housing Market Digests.  Providing a snapshot of current data on resale markets, housing stats, employment trends and interest rates, these comprehensive and easy-to-use digests are designed to offer a more streamlined perspective of national […]

WEEKLY RESIDENTIAL  MARKET UPDATE  Industry & Market Highlights  Housing Affordability Increase First Time in 2 Years There was an improvement in Canada’s housing affordability measure at the end of 2017. It was the first time in two years that RBC Economics Research’s Housing Trends and Affordability Report has shown a decrease in its aggregate measure, […]

WEEKLY RESIDENTIAL  MARKET UPDATE    Industry & Market Highlights  A Look At Rates, Inflation, Securitization News and More Data released by Statistics Canada morning showed the annual pace of inflation accelerated to 2.2% compared to 1.7% the previous month.  Core inflation excluding volatile elements like gasoline prices climbed to 2.1% compared to 1.9% last month. […]

WEEKLY RESIDENTIAL  MARKET UPDATE  Industry & Market Highlights  Reasons to Keep and Eye on Toronto & Vancouver Market watchers often find themselves being subjected to mortgage and real estate news that focuses on the exceptional circumstances in Toronto and Vancouver. However, the attention that is focused on these frenzied markets would seem to be of […]

If you are looking to purchase a property and are having frustrations in qualifying, there is a good chance part of the reason lies behind the Trudeau lead Liberal Government’s implemented new mortgage lending rule changes. The Office of the Superintendent of Financial Institutions (OSFI) has implemented 3 new mortgage rule changes starting January 1, […]