2/6/2024 | Posted in Canada Living by Paul Solomons
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A new report published today reveals that the burden on buyers from provincial governments’ billions of dollars in levies and development fees on new construction, and ... More

Real Estate & Mortgage News

  1/18/2024 | Posted in Mortgage Interest Rates by Paul Solomons
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This week’s rise in bond yields could cause some lenders to reverse recent fixed mortgage rate cuts, experts say.

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Real Estate & Mortgage News

  12/13/2023 | Posted in Mortgages and Real Estate by Paul Solomons
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Canada’s banking regulator confirmed it will leave the mortgage stress test for uninsured mortgages unchanged.

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Real Estate & Mortgage News

  8/28/2023 | Posted in Canadian Housing Market by Paul Solomons
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The Bank of Canada's June and July interest rate increases essentially put a stop to the housing market’s recovery, says analyst.

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Real Estate & Mortgage News

  8/18/2023 | Posted in New Developments by Paul Solomons
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Many Canadian homebuyers waiting patiently for construction to finish on their pre-sale unit are being met with cancellation notices from developers. The building environment ... More

Real Estate & Mortgage News

  7/26/2023 | Posted in Mortgages and Real Estate by Paul Solomons
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The plan might help safeguard the stability of the financial system - but could also see mortgage costs rise.

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Real Estate & Mortgage News

  6/16/2023 | Posted in Mortgages and Real Estate by Paul Solomons
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Fixed mortgage rates are once again on the rise, with rates under 5% quickly becoming a distant memory.

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Real Estate & Mortgage News

  3/14/2020 | Posted in Ontario Real Estate by Paul Solomons
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Condo developers in Ontario looking to sell units to millennials and first-time home buyers could be barking up the wrong tree, according to a new survey from OREA.

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Real Estate & Mortgage News

  2/24/2020 | Posted in First Time Home Buyers by Paul Solomons
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Genworth Canada’s 2019 First-Time Homeownership Study provides a snapshot of the demographics of Canada’s first-time homebuyers (FTBs), what’s motivating them ... More

Real Estate & Mortgage News

  2/19/2020 | Posted in Mortgages and Real Estate by Paul Solomons
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The Office of the Superintendent of Financial Institutions (OSFI) has announced that it is considering a new benchmark rate to determine the minimum qualifying rate for ... More

Real Estate & Mortgage News

  2/10/2020 | Posted in GTA Real Estate by Paul Solomons
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Mortgage stress test forces homebuyers further outside GTA to find house they can afford.

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Real Estate & Mortgage News

  1/27/2020 | Posted in Toronto Real Estate by Paul Solomons
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Two city councillors are pushing for a rethink of Toronto's municipal land transfer tax rebate for first-time home buyers, suggesting the cap should be increased to match ... More

Real Estate & Mortgage News

  12/13/2019 | Posted in Home Buyers by Paul Solomons
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Millions of Canadian millennials feel they may never be able to follow previous generations into homeownership according to a new survey.

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Real Estate & Mortgage News

  11/22/2019 | Posted in Canadian Housing Market by Paul Solomons
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Some fresh information on the status of the First-Time Home Buyer Incentive (FTHBI) and a possible increase on the $1M cap for insured ... More

Real Estate & Mortgage News

  10/16/2019 | Posted in Canadian Housing Market by Paul Solomons
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This demographic is likely to account for nearly 700,000 home sales over the next five years.

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Real Estate & Mortgage News

  9/16/2019 | Posted in Home Buyers by Paul Solomons
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In an election announcement on Thursday, Liberal Party Leader Justin Trudeau promised to turbocharge the First-Time Home Buyer Incentive (FTHBI) for Canadians who live in ... More

Real Estate & Mortgage News

  6/18/2019 | Posted in First Time Home Buyers by Paul Solomons
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While more details about the First-Time Home Buyer Incentive were released this week, there remains a glaring problem.

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Real Estate & Mortgage News

  6/18/2019 | Posted in Home Buyers by Paul Solomons
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The incentive will allow eligible first-time homebuyers who have the minimum down payment for an insured mortgage with CMHC, Genworth or Canada Guaranty, to apply to finance a ... More

Real Estate & Mortgage News

  6/13/2019 | Posted in Home Buyers by Paul Solomons
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Three quarters of homebuyers in three of Canada's largest housing markets are not willing to take financial risks when buying a home, ... More

Real Estate & Mortgage News

  6/7/2019 | Posted in Interest Rates by Paul Solomons
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Spring is typically a busy time for home sales, so lenders are competing fiercely right now for new business — and that's adding up to record low rates for ... More

Real Estate & Mortgage News

  5/17/2019 | Posted in Home Buyers by Paul Solomons
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The Conservative Party leader says he's "absolutely committed" to reviewing the rule.

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Real Estate & Mortgage News

  5/15/2019 | Posted in Home Buyers by Paul Solomons
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Canada needs to be building more homes to meet demand which is greater than official figures suggest.

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Real Estate & Mortgage News

  5/11/2019 | Posted in Canadian Housing Market by Paul Solomons
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The head of the Canada Mortgage and Housing Corporation (CMHC) gave a candid assessment of the country’s housing market, saying the “party” of homeownership ... More

Real Estate & Mortgage News

  5/10/2019 | Posted in First Time Home Buyers by Paul Solomons
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Having a sufficient down payment to afford the home they want is the largest concern of first-time buyers according to a new survey.

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Real Estate & Mortgage News

  4/4/2019 | Posted in Home Buyers by Paul Solomons
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Canada's housing agency says new spending measures aimed at helping first-time buyers afford homes won't push prices up more than a few tenths of a percentage ... More

Real Estate & Mortgage News

  3/22/2019 | Posted in First Time Home Buyers by Paul Solomons
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The First-Time Home Buyer Incentive actually reduces affordability.

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Real Estate & Mortgage News

  3/19/2019 | Posted in Canadian Housing Market by Paul Solomons
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Budget offers an array of incentives aimed at first-time homebuyers, raises the limit on tax-free RRSP withdrawals.

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Real Estate & Mortgage News

  2/26/2019 | Posted in Mortgages and Real Estate by Paul Solomons
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Ten per cent of Canadians no longer qualify for a mortgage with banks.

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Real Estate & Mortgage News

  2/22/2019 | Posted in Mortgages and Real Estate by Paul Solomons
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The B-20 mandated stress test is already outdated considering current market realities, according to a real estate firm head.

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Real Estate & Mortgage News

  2/7/2019 | Posted in Mortgages and Real Estate by Paul Solomons
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The federal government appears to be considering a budget announcement that would allow first-time homebuyers to obtain 30-year insured mortgages, up from the 25-year limit ... More

Real Estate & Mortgage News
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