We’re finally seeing some hopeful signs for the wannabe home buyer who has been priced out of the market. The twin cities of unaffordability, Vancouver and Toronto, have cooled down some. And many other cities across the country are producing more or less normal price gains that make it possible to buy without committing financial
The foreign buyers’ tax, introduced by the previous Liberal government, has done little to improve affordability a year after it was introduced, say observers of Metro Vancouver’s real estate market. Analysts say home prices have continued to escalate, sales are on pace with pre-tax expectations and houses are largely still out of reach for most residents. “Maybe
The Canadian mortgage market may face a meaningful slowdown in 2018 – potentially leading to some price relief for buyers in hot housing markets like Vancouver and Toronto, but also possibly causing some pain for alternative lenders – and rising interest rates aren’t the only culprit. New proposals for tighter mortgage underwriting standards (B-20 guidelines)
