Mortgage Stress Test Rates Drop for The First Time Since 2016
26 Jul
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Buying
While the Bank of Canada’s mortgage rates in the OSFI Stress Test has proved to live up to its name since implemented back in January 2018. Last Friday, however, the banks finally decided to lower their mortgage rates for the first time in almost 3 years. The central bank’s five-year benchmark qualifying rate has dropped […]
The Calm Before the Spring: What’s Happening in Toronto’s Market?
09 Mar
|
Buying
Forecasts Were in the Right Ballpark “When TREB released its Outlook for 2018, the forecast anticipated a slow start to the year compared to the historically high sales count reported in the winter and early spring of 2017,” says Tim Syrianos, the Toronto Real Estate Board President. These forecasts were right on cue. This February, sales activity was relatively slow. With […]