Come Jan. 1, 2018, Canadians getting, renewing or refinancing a mortgage might have to prove that they would be able to cope with interest rates substantially higher than their contract rate. New rules by Canada’s federal financial regulator announced in October mean that even borrowers with a down payment of 20 per cent or more
The average price of a Canadian home rose by three per cent in the year up to September, even as sales came in 11 per cent lower than they were a year ago. The Canadian Real Estate Association said Friday that the deceleration in price gains largely reflects softening price trends in Ontario’s Greater Golden Horseshoe
Vancouver detached real estate got slightly more expensive, but the rapidly decelerating price growth is what’s worth noting. SEPTEMBER 13, 2017 Vancouver detached real estate squeezed out another gain, but barely. Numbers from the Real Estate Board of Greater Vancouver (REBGV) show that prices increased, but growth has been tapering very quickly. Generally speaking, the market saw
