Elan Weintraub quoted on CTV News: ‘Federal banking regulator keeps key mortgage stress test rate unchanged”

https://www.ctvnews.ca/video?clipId=2584987&jwsource=em

I often get asked what the minimum down payment requirement is to purchase another home.  And by another, I mean residing in your current home as you are and purchasing another home that you or any one of your family members will frequent at one point throughout the year…like a home away from home.  For example, it may be a vacation property a couple of hours from where you currently live, or perhaps a downtown condo across the country where your child is attending university.   Regardless of the location, as lon

The think-tank's report, looking at whether Ontario's house-building goal is not only accurate but also attainable, is entitled "Ontario's need for 1.5 million more homes." It was published Tuesday by the Smart Prosperity Institute at the University of Ottawa.

Greater Toronto Area (GTA) housing market conditions continued to evolve in response to higher borrowing costs. Similar to April results, May 2022 sales were down on a monthly and annual basis. Conversely, active listings at the end of May were up on a month-over-month and year-over-year basis. More balanced market conditions have provided buyers with more negotiating power.

TRREB Unveils Key Market Drivers for 2022 and January Numbers

The market outlook for 2022 is calling for strong home sales in the Greater Toronto Area (GTA) with the average selling price expected to hit a new record.

A record 121,712 sales were reported through TRREB’s MLS® System in 2021 – up 7.7 per cent from the previous 2016 high of 113,040 and up 28 per cent compared to 2020.

TORONTO, ONTARIO, October 5, 2021 – September marked the transition from the slower summer market to the busier fall market in the in the Greater Toronto Area (GTA).

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This month we explore low inventory levels and demand shock in Toronto's housing market. 

The media has been all over this one. A semi-detached home in Kitchener which was listed for $500,000 has sold for $801,000 and the media has been all over it. At first glance this seems like an outrageous price, why would someone overpay by $300,000?