Hoping 2019 will bring lower home prices? Well, turns out there is a projected increase in housing prices according to a new report. RE/MAX released their latest Housing Market Outlook Report, and home prices are forecasted to climb 1.7 per cent in 2019 nationwide, and 2 per cent in Toronto. The increase is seen as […]
Amidst months of above-average activity, the pace of housing starts for the month of May fell sharply to 195,613 units from 216,775 units this past April, according to a recent report by the Canada Mortgage and Housing Corp (CMHC). The decline seen in May was due to drastically fewer condos, apartments, and town homes being […]
Last week, CIBC forewarned that the number of mortgages it will grant in the back half of the year will be reduced by 50 per cent. The bank, which faced a serious number of cutbacks for mortgage applications during the first half of the year, believes that the new lending guidelines (including stress test for […]
