The GTA’s market of new real estate keeps improving According to the Building Industry and Land Development Association (BILD), last month the GTA reported significant increase in the new housing market. The recent report by the Altus Group shows there were 932 new single-family homes sold...

Are fixed mortgage rates more attractive now than the variable ones? Today, we can see a very strange situation with fixed mortgage rates lower than the variable ones. As a rule, it doesn’t work that way. “People are used to paying more for having a guarantee in...

What to expect from Ontario real estate market in 2021? During the next three years, Ontario’s real estate market is expected to grow, although quite modestly. “Population growth remains strong and is expected to continue the trend, as even though the real estate market is relatively...

Are home equity lines of credit losing popularity? Home equity lines of credit (HELOC) are often used for financing home renovations, but it looks like they are losing their popularity in Canada. “HELOC loans showed the first monthly decline since May 2016 as they were already...

The first decline of a qualifying mortgage rate since B-20 took effect It’s the first time that the interest rate used for mortgage stress tests went down since 2016. As a result, it’s slightly easier for borrowers to...