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This Week’s Top Stories: A Million Dollar Mortgage Can Cost You Another Million, and Dodging Foreign Buyer Taxes In Toronto and Vancouver

This week’s Top Stories: A Million Dollar Mortgage Can Cost You Another Million, and Dodging Foreign Buyer Taxes In Toronto and Vancouver
November 12, 2017

Canadian real estate prices, crunching mortgage numbers, and dodging foreign buyer taxes in Toronto and Vancouver are the topics of the week.

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Canada

Small Rate Hike? Here’s How That $1,000,000 mortgage can now cost Canadians over $900,000

Small Rate Hike? Here’s How That $1,000,000 mortgage can cost Canadians over $900,000
November 9, 2017

Canadian real estate prices are high, but rising interest rates are sending the final cost of a mortgage even higher.

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Montreal

Montreal Had Over 622,000 Residential Mortgages In 2016

Montreal Had Over 622,000 Residential Mortgages In 2016
November 7, 2017

Montreal real estate is seeing more buyers with mortgages, even though the rate of homeownership growth just hit an all-time low.

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Canada

Canadians Had Over 5.6 Million Residential Mortgages As Of Census 2016

Canadians Had Over 5.6 Million Residential Mortgages As Of Census 2016
November 7, 2017

Analysis of Census 2016 numbers show the great Canadian real estate binge pushed the total number of mortgages to a new all-time high.

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Vancouver

Vancouver Had Over 366,000 Residential Mortgages During Census 2016

Vancouver Had Over 366,000 Residential Mortgages During Census 2016
November 7, 2017

Vancouver residential mortgages show solid gains, despite rising real estate prices dragging the rate of homeownership lower.

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Toronto

Toronto Is Now Home To Over 896,000 Mortgages

Toronto Sees The Number of Mortgages Rise To Over 896,000
November 1, 2017

Toronto real estate prices are taking its toll on homeownership rates, but the number of mortgages continue to rise.

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Toronto

Toronto Residents Are Filing For Creditor Relief On Lower Debt Levels

Toronto Is Seeing Lower Amounts of Debt Trigger Bankruptcy
October 3, 2017

Greater Toronto residents are seeking formal creditor relief on lower levels of debt, according to an analysis of filings with the OSB.

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Toronto

Watch Toronto real estate heat up and cool down over the past year

Watch Toronto real estate heat up and cool down over the past year
October 2, 2017

Toronto real estate went from booming to excess in just a few short months over the past year. Here’s what it looked like.

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Canada

No, Canadians Won’t Lose Their Homes As A Result of Mortgage Stress Testing

No, Canadians Won’t Lose Their Homes As A Result of Mortgage Stress Testing
September 28, 2017

Canadian real estate owners won’t lose their homes over proposed uninsured mortgage stress testing, but it could cost them more.

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Canada

Canadian Real Estate Buyers Are About To Lose 25% of Their Buying Power

Canadian Real Estate Buyers Are About To Lose 25% of Their Buying Power
September 27, 2017

Canadian real estate buyers lose a huge amount of borrowing power under proposed OSFI rules, this is how those numbers look across Canada.

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