3 08, 2017

House Prices Drop 40% in GTA As Buyers Sit on Sidelines


Home prices in Canada’s largest city posted their biggest monthly drop in at least 17 years in July and sales plunged as government efforts to cool the market and the near-collapse of a mortgage lender made buyers leery. The benchmark property price, which tracks a typical property over time, dropped 4.6 per cent to $773,000 [...]

11 10, 2016

New Lending Rules Will Impact First Time Homebuyers


Canada's first-time home buyers may have to shelve their dream house fantasies due to new lending rules announced last week by the federal government. The Government of Canada's finance minister has implemented new measures for those with less than a 20% down payment. Effective October 17, 2016, all five year fixed rates (with less than 20% down) [...]

26 01, 2015

Rent to Own Values Must Follow Proven Trends


by Rachel Oliver (Contributing Blogger for Canadian Real Estate Magazine) It’s no surprise that investors who have rent-to-own or lease option properties in their portfolio make most of their profit on the difference or appreciative value between today’s purchase price and future selling price. The higher the future price tag – the bigger the ROI. [...]