The interest rate used in Canada’s mortgage stress tests has fallen for the first time since 2016, making it slightly easier to become a homeowner. .     The interest rate used in Canada’s mortgage stress tests has fallen for the first time since 2016, making it slightly easier to become a homeowner.       ...Read More

There were 8,860 sales through MLS in the month, up from 8,024 in the same month last year.The rise in sales, combined with a very slight dip in new listings, helped push the average selling price up three per cent to $832,703. (Sean Kilpatrick/Canadian Press)         ...Read More

  Toronto home sales up 10% for the month of June, TREB says. The rise in sales, combined with a very slight dip in new listings, helped push the average selling price up three per cent to $832,703. (Sean Kilpatrick/Canadian Press) https://www.cbc.ca/news/canada/toronto/toronto-home-sales-june-2019-1.5199791?cmp=rss   ...Read More

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For housing markets in Canada, 2018 has been a year of restraint. But looking ahead to 2019, there are a number of potential outcomes to consider. The mortgage stress test was perhaps the most influential policy change that affected homebuyers in 2018. Under the new rules, which came into effect in January 2018, most homebuyers were required to qualify for a mortgage at a higher rate than the c...Read More