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August 31st, 2017

The effects of the Ontario government’s Fair Housing Plan are now being felt, and nowhere is the impact more evident than in the Greater Toronto Area. Prior to the Fair Housing Plan’s implementation, the GTA real estate market had all the characteristics of a bubble, and the Ontario government had made it clear that it needed to be addressed. These measures appear to be working, as the number of sales… Continue Reading

August 31st, 2017

government, home selling, house buying, real estate trends

February 2nd, 2016

Back in December, Bank of Canada Governor Stephen Poloz revealed an option which could help the struggling Canadian economy: a negative interest rate. Explained in detail in this CBC article, a negative interest rate essentially means that when putting our money in a savings account, for example, it would suddenly cost us money. The European Central Bank, Sweden, Switzerland and a few other countries have recently experienced a negative interest… Continue Reading

February 2nd, 2016

banks, government, mortgage rates, mortgage trends

January 19th, 2016

It didn’t take long for new Finance Minister Bill Morneau to shake things up. The announcement that caught so many Torontonians off-guard? The new down payment requirements for homes priced over $500K. In an effort to cool the country’s most expensive housing markets, certain homebuyers will now need a bigger down payment. The current five per cent down is still in effect for mortgages up to $500K, but increases to… Continue Reading

January 19th, 2016

government, mortgage trends

December 8th, 2015

It may only be a few weeks since Justin Trudeau and his Liberal MPs were elected, but that’s not stopping Canadians from anxiously awaiting an update on one issue that hits us right in the pocketbook: the state of Canadian real estate. Throughout the election, we’ve heard talk of the overheated Canadian housing market. Warnings are coming from all over the world. And it’s all over the news. In a… Continue Reading

December 8th, 2015

government, mortgage trends, real estate trends

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