Favorite List

No favorite property.

Favorites List Page

  •  

    read more

  • The Market and What's Missing

     
    2018/12/27 11:59:19 AM
    The Market and What's Missing

    Housing advocates believe something is missing from the housing mix in urban Canada. The new housing construction is dominated either by high-rise towers or low-rise detached housing. Some proponents of mid-density housing, also known as the missing middle, consider it to be a panacea for meeting the growth targets in the greater Toronto area. A recently released report calls for a greater share of medium- to high-density housing in new construction. A failure to increase the supply of mid-rise and stacked housing types will “lead to more households facing shelter unaffordability and living in units that do not fit their needs,” argues an independent report commissione read more

  • Current Market Growth

     
    2018/12/27 11:50:01 AM
    Current Market Growth

    Canadian Real Estate Price Gains Continue To Taper, Annual Growth Falls Below 2%   DECEMBER 24, 2018 After years of overheated growth, Canadian real estate price gains are tapering. Canadian Real Estate Association (CREA) numbers show prices for a benchmark (a.k.a. typical) read more

  • Bank of Canada Sets Stage for July Rate Increase

     
    2018/06/02 12:06:58 PM
    Bank of Canada Sets Stage for July Rate Increase

    The Bank of Canada once again left interest rates unchanged today but dropped clues suggesting a strong chance of a hike at its next meeting in July. In today’s announcement, the Bank of Canada noted that inflation has been close to its two per cent target and will likely be higher than forecast in the near term. It also referenced recent data points that show upside to the U.S. economic outlook, weighed by ongoing uncertainty about NAFTA negotiations and stresses in some emerging markets. “Overall, developments since April further reinforce the governing council’s view that higher interest rates will be warranted to keep inflation near target,” the read more

  • New Mortgage Rules: Cause & Effect

     
    2018/02/15 06:55:55 PM
    New Mortgage Rules: Cause & Effect

    Starting Jan.1, home buyers faced a new challenge in addition to rising prices and a restricted supply of available homes — a mortgage stress test designed to cool the overheated housing markets. The test, introduced by the Office of the Superintendent of Financial Institutions (OFSI), requires the qualifying rate for an uninsured mortgage to be the greater of the Bank of Canada’s five-year benchmark rate (currently sitting a read more

  • New Mortgage Rules for 2018 and What They Mean

     
    2017/11/10 02:19:27 PM
    New Mortgage Rules for 2018 and What They Mean

    OSFI is setting a new minimum qualifying rate, or “stress test,” for uninsured mortgages (mortgage consumers with down payments 20% or greater than their home price). The rules now require the minimum qualifying rate for uninsured mortgages to be the greater of the five-year benchmark rate published by the Bank of Canada (presently 4.89%) or 200 basis points above the mortgage holder’s contractual mortgage rate. “The main effect will be felt by first-time buyers,” says James Laird, co-founder of Ratehub.ca. “No matter how much money they put down as a down payment, they will have to pass read more

  • Hot Housing...Cooling?

     
    2017/09/05 02:04:58 PM
    Hot Housing...Cooling?

    ANU BARARIA BENGALURU REUTERS AUGUST 31, 2017 read more

  • Interest Rate Rise Announced

     
    2017/07/12 12:31:48 PM
    Interest Rate Rise Announced

    The Bank of Canada has raised its key interest rate as expected to 0.75 per cent — the central bank's first move upward in the cost of borrowing in seven years. The bank's target for the overnight rate — at which major financial institutions make one-day loans to each other — moved up by one-quarter of a percentage point from 0.50 per cent. In a statement accompanying the rate decision, the central bank said the Canadian economy has been robust, fuelled by household spending. "As a result, a significant amount of economic slack has been absorbed," the bank said, adding that the remaining slack is expected to be gone around the end of this yea read more

  • 7 Tips for Vacation Home Purchasing

     
    2017/07/12 12:26:49 PM
    7 Tips for Vacation Home Purchasing

    1. Choose the Location Carefully This may sound obvious, but before you start shopping you need to be able to specify why exactly you want this second home. The answer should shape where you look. For example, 87% of vacation home purchasers in 2013 planned to use the property primarily to getaway with their families, according to the NAR. Thus the typical home purchased was an average 180 miles from the buyers' primar read more

  • Foreign Buyer Tax: Toronto vs. Vancouver

     
    2017/06/09 06:21:49 PM

    Photo: Kevin Cabral/Flickr One of these foreign-homebuyer taxes is not like the other. read more

  • Strategies to Pay Your Mortgage Down Faster

     
    2017/05/25 03:12:44 PM
    Strategies to Pay Your Mortgage Down Faster

    Paying down your mortgage faster. It's one of those boilerplate suggestions that financial advisers love to make to their clients.  After all, throwing extra money at the biggest debt most Canadians have can result in big interest savings and being mortgage-free years sooner. So why isn't everyone doing that? According to a spring analysis by the chief economist at the Canadian Association of Accredited Mortgage Professionals, only 35 per cent of Canadians with mortgages took some kind of action in the past year to speed up the date of their "burn the mortgage" party.  That suggests that almost two-thirds of those mortgage holders paid off their mortgages as the read more

  • The Case for Home Ownership

     
    2017/05/24 01:12:03 PM
    The Case for Home Ownership

    Housing affordability questions have placed home ownership and public policy near the top of the national agenda, as mortgage brokers know. Most of the commentary has been focused on the extent to which government policy, particularly with regards to supply, is contributing to the affordability challenges. This debate is ongoing and will not be resolved here. But there is less basic commentary about why we should care about homeownership. Why should government policy support homeownership? Simply put: it remains a powerful conveyor belt to the middle class. Homeownership is associated with a raft of economic and social benefits including better educational and health outco read more

  • The Latest Market News Is In!

     
    2017/05/17 01:57:00 PM

      Toronto home sales dip in sign that real estate market may be cooling down by ALEXANDRA POSADZKI, THE CANADIAN PRESS Posted May 3, 2017 7:00 am EDT   Last Updated May 3, 2017 at 5:40 pm EDT A sold sign is shown in front of west-end Toronto homes Sunday, April 9, 2017. The Toro read more

  • 10 Reasons to Use a Mortgage Broker

     
    2017/05/05 04:57:20 PM
    10 Reasons to Use a Mortgage Broker

    The GTA Real Estate Market is crazy! Buying a new home now is probably scarier than ever before, especially if you are a First Time Home Buyer. This is why the more professional advice you have on your side, the better you will sleep at night after all is said and done. At Queensway Real Estate Brokerage Inc., we have access to some of the greatest Mortgage Specialists in the City, contact us and we will help you seek out your best options. WHY WORK WITH A MORTGAGE BROKER?  1. Get independent advice on your Financial options. Mortgage agents and brokers not tied to major institutions a read more

  • Is the Toronto Market Finally Taking a Breather?

     
    2017/05/03 01:57:06 PM
    Is the Toronto Market Finally Taking a Breather?

    Toronto’s housing market showed signs of cooling in April as prices for low-rise homes dropped slightly compared to March and a surge of new listings increased the available supply of resale homes. Prices continued their torrid gains compared to a year earlier, climbing another 25 per cent in April for all types of homes compared to April, 2016, according to sales data from the Toronto Real Estate Board. TREB said the average selling price for all homes types hit a new record level of $920,791 in the Greater Toronto Area in April, up 24.5 per cent over April last year. read more