Well I guess this isn't surprising, with oil falling, weak exports, unemployment neutral to rising, high household debts, interest rates falling, the Bank of Canada is on the defensive with loosening monetary policy, so it's no wonder why our economy contracted. The interesting point here is that borrowing money is incredibly cheap here with variable … Continue reading Canada’s economy shrinks for fifth straight month
Beginning Sept 28th, 100% of the income from a rental unit can be considered for new loan application submitted to it for mortgage insurance. Meaning that less than a 20% downpayment towards the purchase of a house with a rental unit in it (less costs and property taxes) will allow the home purchaser a larger loan amount. … Continue reading Renting out property to get easier as CMHC changes rules
What a change in oil prices, heading lower (again) for another day. We see Brent crude at it's lowest in 4 months and down 20% from it's high this year. Most of the news coming out on Crude is just not good news: Iraqi oil exports rose to an all-time high, number of rigs seeking … Continue reading Oil in New Bear Territory
So the Bank of Canada has lowered their overnight rate by 0.25% to an unprecedented 0.50% due to downside risks to the Canadian economy. This will have obvious affects to the housing market in this country that we currently probably could not comprehend. At the first reaction it would be that this action makes borrowing … Continue reading BoC rate decision comes in, Lower rates
Have you ever wondered what it's like to live in the South Junction area? Bloor-west shops and cafes at your doorstep, with easy access to Lansdowne subway station or get to the airport without a car with the NEW Bloor UP station!! Just Get up and GO!! This beautifully laid-out, Upper stacked townhouse has all … Continue reading New Offering! Living in the South Junction Area of Bloor West Toronto!
TORONTO, July 7, 2015 – TORONTO, July 7, 2015 – Toronto Real Estate Board President Mark McLean announced that Greater Toronto Area REALTORS® reported 11,992 sales through TREB’s MLS® System in June 2015. This result represented a new record for the month of June and an 18.4 per cent increase over the June 2014 result of … Continue reading GTA REALTORS® RELEASE MONTHLY JUNE RESALE HOUSING FIGURES