Toronto home seekers are in for a rough 2017 buying year Strong demand and extremely low inventory of re-sale houses and condos has to led to intense competition in the Greater Toronto Area’s housing market. Buyers are now facing multiple offer situations and record-setting prices even in the suburban neighbourhoods—areas that, at one time, offered[…]
Wants to protect her future self Q: I just went on long-term disability but I’m worried. I didn’t get mortgage insurance, can I still get this type of insurance? — D. Evans, Ontario Steve Garganis, mortgage broker and editor of CanadaMortgageNews.ca: The answer is probably not. However, to be sure, check with your insurance[…]
We crunched the numbers to figure out the new graduated system for homes over $500,000 In the market to buy a home in 2016? You may need raid the piggy bank. As of Feb. 15, 2016, there will be changes to the rules for government-backed mortgages. Buyers in the market for homes worth less than $500,000,[…]
Can raising minimum down payments cool overheated markets? In Canada, that’s like performing surgery with a broadsword (Getty Images / Baris Simsek) My two boys love a cartoon character named Mike the Knight. Every episode, the little lad and his friends break into song and dance as they navigate the tough decisions required to be[…]