GTA home sales jumped again last month year-over-year, with real estate experts saying the latest 0.50% interest rate cut in October was enough to lure buyers back into the market. The Toronto Regional Real Estate Board (TRREB) reported that 5,875 homes were sold in...

The new year is just around the corner, and for 1.2 million mortgage holders in Canada, that means it’s time to renew their home loans. According to a report released by the Canada Mortgage and Housing Corporation (CMHC) last month, 85 per cent of...

Starting today, some mortgage borrowers will have an easier time switching lenders thanks to the elimination of the stress test’s higher rate qualification requirement. OSFI, Canada’s banking regulator, announced in September that it would eliminate the minimum qualifying rate (MQR) requirement for direct swaps...

Canada’s inflation rate rose to 2% in October, more than expected and raising doubts about whether the Bank of Canada will cut interest rates as much as previously predicted next month. Statistics Canada reported Tuesday morning that the consumer price index (CPI) rose from...

Toronto’s already pricey housing market is a long way from Manhattan’s, though it could surpass Vancouver to become Canada’s most expensive in the coming months. That’s according to Royal LePage President and CEO Phil Soper, based on his years of experience and fundamental market...