Quiet mortgage rule change this month targets INVESTORS!

There you have it folks! The Banks and Canadian government are conspiring to completely level the GTA housing market! Effective this month, TD and RBC banks will calculate the FULL utililized limit of Home-Equity Line of Credit (HELOCs) as part of the Income to Debt calculations for second mortgages and rental properties, which basically means … Continue reading Quiet mortgage rule change this month targets INVESTORS!

November home sales in Toronto shatter annual record!

    Record Sales in November 2015 November home sales in Toronto shatter annual record Toronto saw a record-breaking month for home sales in November, according to a CTV News report. Almost 7,4000 homes were sold in the Toronto area in November, breaking the previous sales record for the month. November sales also pushed total … Continue reading November home sales in Toronto shatter annual record!