In: Real Estate News17 Jan 2011
The new mortgage rules just announced, state that the new maximum amortization will be 30 years, instead of 35 years. https://www.youtube.com/watch?v=ETeMHcgtco4 What does this mean for affordability and home prices in Canada Example: Let’s take an example of a family that makes $100,000 a year and has a $30,000 down payment. When they purchase a […]
The Toronto Real Estate Board just released their 2010 Real Estate Statistics. In 2010 there were 86,170 homes sold, which is down by 1% compared to 87,308 sold in 2009. The average price for a home in the Greater Toronto Area in 2010 was $431,463. This was up by 9% compared to 2009 when the […]
Real estate news in Canada including buy and sell information, local market updates, guides, tips for Canadians in the real estate market.