Finance Minister Bill Morneau announced changes to the rules for government-backed mortgage insurance(CMHC insured). Effective February 15, 2016, the minimum down payment for new mortgage broker will increase from 5 per cent to 10 per cent for the portion of the house price above $500,000....
Prospective buyers across Ontario may soon have to stretch their budgets by a few extra thousand dollars. The news comes ahead of recent concerns made by OREA that the governing Liberal Party will allow municipalities to tack on an additional city-level land transfer tax on top...
Toronto, Canada ON(July 19, 2015) – New Condo Expert Kulwant Singh who also own the New Home Store 99HOMES.CA, is pleased to announce the availability of pre-construction platinum sales of “Daniels Waterfront – City Of The Arts", Toronto's most talked about condominium development by The...
Canada’s biggest banks are lowering their prime lending rates, nearly a week after a surprise rate cut by the Bank of Canada. Royal Bank of Canada said Tuesday it decreased its prime lending rate to 2.85 per cent from 3 per cent. The move was...
This morning, Governor Stephen Poloz announced that the Bank of Canada (BoC) was dropping its overnight lending rate by 0.25%, from 1.00% down to 0.75%. This is the first time the interest rate has changed since September 2010 and when market was perdicting a .25 increase...
Whether you're buying your first home, moving to a new home, or renewing an existing mortgage, one of the first decisions homebuyers and mortgage shoppers face is whether to select a fixed mortgage or variable rate mortgage. Choosing a fixed rate mortgage means you won't have...
As per a report released last week by Trimart Research Corporation, the fall has been a very busy season for the Total Market Area’s (TMA) new low-rise market. It was the second best selling September on record in the last six years. As...
