1/11/2021 | Posted in Canadian Housing Market by Paul Solomons
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Affordability and space limitations continue to impact purchase decisions as only 14% of Canadians polled would consider buying a home in a major metropolitan area.
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12/21/2020 | Posted in GTA Real Estate by Paul Solomons
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People ditched their condos, there was an exodus to the suburbs and an uptick in home renovations
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10/3/2020 | Posted in GTA Real Estate by Paul Solomons
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There is an alarming trend that is quite rampant in the Toronto area, and it’s causing havoc on real estate transactions. Perhaps other cities in Canada are experiencing ... More

9/28/2020 | Posted in Home Buyers by Paul Solomons
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In light of the past six months of COVID-19-triggered uncertainty, home sales in Canada have been shockingly brisk as a combination of FOMO and low interest rates keep drawing ... More

9/22/2020 | Posted in New Developments by Paul Solomons
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Shortages for lumber and other building materials are driving up construction costs this year.
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9/18/2020 | Posted in Home Buyers by Paul Solomons
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Record-low interest rates appear to be a major factor.
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8/12/2020 | Posted in Canadian Economy and Housing Market by Paul Solomons
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The head of Canada’s housing authority implored the nation’s lenders to “reconsider” offering mortgages to highly leveraged households, saying excessive ... More

8/10/2020 | Posted in Mortgage News by Paul Solomons
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Effective this week, it gets a little easier to buy a house or refinance.
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7/13/2020 | Posted in Mortgages and Real Estate by Paul Solomons
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Renewal and refinance activity has spiked since lockdowns were lifted according to a recent report.
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7/9/2020 | Posted in Canadian Housing Market Predictions by Paul Solomons
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Strong June home sales data from Toronto and Vancouver finally gave wary homebuyers and industry professionals the dose of good news that they’d sorely needed.
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6/30/2020 | Posted in Mortgages and Real Estate by Paul Solomons
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While mortgage rates have been tumbling steadily over the last couple of months, many are now in record-setting territory, with certain 1- to 5-year fixed rates now available ... More

6/23/2020 | Posted in Mortgage Interest Rates by Paul Solomons
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Low interest rates will be the norm for the foreseeable future, Bank of Canada Governor Tiff Macklem said earlier this week.
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6/12/2020 | Posted in Mortgages and Real Estate by Paul Solomons
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Many Canadians will attempt to purchase new homes before the adjusted rules take effect on July 1.
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6/4/2020 | Posted in Home Buyers by Paul Solomons
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Canada’s housing agency is tightening rules to make it more difficult for higher-risk borrowers to qualify for mortgage insurance.
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5/24/2020 | Posted in Home Buyers by Paul Solomons
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The Bank of Canada is set to reduce its qualifying rate ten basis points, from 5.04 to 4.94 percent according a new report.
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5/16/2020 | Posted in Canadian Economy and Housing Market by Paul Solomons
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Thanks to a reduction in some Big-Bank posted rates in recent days, Canada’s mortgage stress test rate will fall as early as next week.
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3/31/2020 | Posted in Mortgage Interest Rates by Paul Solomons
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Canada’s mortgage rates are creeping up even though the country’s central bank has slashed borrowing costs to combat the COVID-19 pandemic.
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3/18/2020 | Posted in Mortgage News by Paul Solomons
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Canada’s largest banks are coordinating their approach to the COVID-19 coronavirus outbreak to protect their employees and customers.
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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

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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1/3/2020 | Posted in Home Buyers by Paul Solomons
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Have you decided to purchase a new condo? Consider these things to ensure you understand your rights as a new home buyer.
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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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11/25/2019 | Posted in Canadian Housing Market by Paul Solomons
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Canadians are satisfied with their homes and neighbourhoods but will probably not stay put according to a new survey.
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9/19/2019 | Posted in Mortgages and Real Estate by Paul Solomons
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Great News for Canadians waiting for lower rates as the effects of shrinking global economy to hit Canada as well.
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9/6/2019 | Posted in Mortgages and Real Estate by Paul Solomons
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Canada's mortgage market has been turned upside down, and it's giving borrowers an uncommon advantage, a new report suggests.
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8/10/2019 | Posted in Mortgages and Real Estate by Paul Solomons
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The recent slowdown in Canada’s hottest housing markets is turning a corner and a potential new price boom is threatening to frustrate would-be buyers’ hopes.
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7/28/2019 | Posted in Mortgages and Real Estate by Paul Solomons
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Strange Things: Canadians can now get a lower interest rate on a new mortgage by locking into a fixed rate, rather than opting for a variable rate.
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7/21/2019 | Posted in Mortgages and Real Estate by Paul Solomons
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The Bank of Canada's rate used by mortgage stress tests to determine whether would-be homeowners can qualify has dropped for the first time in three years.
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7/18/2019 | Posted in Mortgages and Real Estate by Paul Solomons
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The Ontario Real Estate Association is calling for less stringent mortgage rules in a rebuttal aimed at the head of the Canada Mortgage and Housing Corp.
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7/17/2019 | Posted in Mortgages and Real Estate by Paul Solomons
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An increasing number of homeowners turned to alternative lenders last year, while new mortgage growth reached its slowest pace in more than a quarter of a century amid ... More


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