Loading...

Canadian Residential Real Estate Investment Peaked And Is Heading For Declines

Thursday Jul 26th, 2018

Share

Source: BetterDwelling.com, by Stephen Punwasi Peak Canadian real estate investment is behind us, according to another indicator. Statistics Canada (StatCan) numbers show residential investment as a percentage of gross domestic product (GDP) is moving lower. Taking a dive through unadjusted data, we can see this trend is primed to head much lower soon. What Is Residential Investment? Residential investment is how countries measure economic activity related to building residential... [read more]

Foreign-buyer Home Purchases Dropping in Toronto

Monday Jan 08th, 2018

Share

Foreign buyers have purchased fewer homes in the Toronto region in recent months, according to new figures from the Ontario government.   The province also revealed how much money has flowed into its coffers from its 15-per-cent tax on international residential purchases: about $133-million in six months.   However, the government warned the figure could drop "significantly" because some buyers may eventually claim rebates.   In all, 3.8 per cent of... [read more]

5 Factors That Make 2018 The Year To Buy

Monday Jan 01st, 2018

Share

Here are five of the factors expected to keep the market more balanced in 2018.   1. OFSI’s Stress Test rules   The government regulator known as the Office of the Superintendent of Financial Institutions will require all homebuyers taking out mortgages from the lenders that it regulates to meet a “stress test” as of Jan. 1. That means buyers going to a Big Five bank for a mortgage will need to prove they can afford the Bank of Canada prime rate, even if... [read more]

Building a Real Estate Portfolio for Cash Flow

Saturday Dec 16th, 2017

Share

“Ninety percent of all millionaires become so through owning real estate. More money has been made in real estate than in all industrialinvestments combined. The wise young man or wage earner of today invests his money in real estate.” Andrew Carnegie That quote is decades old but still holds true today. Though it's all the rage today on TV, this article isn't about real estate wholesaling or flipping houses. True, there is money to be made in those... [read more]

Mortgage Rules: January 1, 2018

Monday Nov 06th, 2017

Share

Three new rules are being implemented as of January 1, 2018.  Here are the details, and what they mean to real estate purchasers.   1. Stress Tests: Uninsured Mortgages In the past, only insured mortgages would face tougher stress tests.  With this first new change, anyone who is putting down more than 20% will also face new challenges.  These purchasers are required to qualify for their mortgages using a new minimum qualifing rate.   The rate will be... [read more]

READ MORE