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
Last week, members of Vancouver’s real estate and development community squeezed into a crowded downtown hotel ballroom to hear some astounding statistics about housing affordability around Metro Vancouver. The occasion was the annual Urban Development Institute presentation by Michael Ferreira of Urban Analytics, a consulting firm that advises developers what to build and what they
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
