It’s been only less than a day, since the OSFI has introduced the first effort to restrain the housing activity boom, and it’s already been considered as not enough. On Thursday, Canada’s banking regulator signaled its plans to tighten qualification rules for uninsured mortgages,...

From what we know at the moment, the qualification rate for uninsured mortgages (with a down payment of at least 20% or in case of refinancing) is raised to 5.25% or a contract rate +2% (the higher one is chosen). This reduces maximum qualification...

The recent poll by Angus Reid shows that one in five Canadians hope for a sharp drop in real estate prices. Such results point to growing frustration among those who would like to enter Canada’s red hot housing market. It looks like Canadians are...

In March, Canada’s biggest real estate market showed one more month of record home sales and price increases. The head of the Toronto Regional Real Estate Board (TRREB) warns about possible undesirable consequences as Bay Street experts call for new measures. According to TRREB,...

Canada saw another record high level of consumer confidence, marking the third week of increases in a row. This change happened amid growing sentiment over real estate, even despite the third wave of COVID-19 cases leading to new lockdowns. According to the survey by...