The Toronto Housing market has been marred by severe housing shortages and high prices. However, prospective for condominium buyers is on the rise with sales under $500K picking up. With the new rules in place, buyers can now access lower mortgages. The bigger question however remains; should you invest in a Toronto Condo? According to the Canadian Economic Forecast, Canada is set for a 3.7%...
Here come the rate hikes…Bank of Canada raised the rate 25 basis points to 0.5% as expected after GDP growth numbers came in above expectations. We’ve had the lowest interest rates in history for 13 months so we’ve been a bit spoiled...pretty much knew there was nowhere to go but up! What about mortgage rates? Variable mortgage rates will begin to rise of course, but longer term...
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