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The Elimination of Private Rental Housing in Ontario: Financing (Part 1)
With vacancy rates less than 1% in most areas in the Greater Toronto Area and rents increasing across the province, politicians are facing a real challenge. Over the coming weeks I will share some insights into different areas of the private rental housing industry with a series of articles that focus on the Ontario and […]
Continue readingAfter positive first quarter report, Canada Mortgage and Housing Corporation now forecasting housing prices will stabilize
The hot housing market is expected to stabilize over the next two years with prices, sales, and new construction leveling out. Regional Economist for Canada Mortgage and Housing Corporation Ted Tsiakopolous says the first-quarter 2012 report to underplay fears of a sharp correct that would see prices plummet in hot spots like Toronto. The CHMC […]
Continue readingCanada’s inflation rate was up in January
Stats Canada says rising gasoline prices last month helped propel the country’s annual inflation rate up 2 notches to 2.5 percent. The agency says consumer prices overall rose by half a point from December, almost reversing a similar one-month drop that month. The big trigger to both the annual and monthly increase was gasoline, which […]
Continue readingCanada’s population grows to nearly 33.5 million
Data from the 2011 Census is being released Wednesday and according to Stats Canada, the national population grew 5.9 percent since 2006, to almost 33.5 million. The GTA’s population grew by 9.2 percent, and Stats Can spokesperson André Langdon says the City of Toronto itself, can thank downtown condo development for much of its growth. […]
Continue readingFewer Canadians expect to retire on time
Longer lifespans, high debts, a weak economy and volatile markets are continuing to impact retirement savings for Canadians. A new poll done for Sun Life Financial shows only three in ten Canadians plan to retire at age 66. Vice-President Kevin Press says in order to stay on track with future planning, you should talk to […]
Continue readingCanada’s annual inflation rate remained unchanged and relatively strong
According to Stats Canada annual inflation remained fairly strong sitting at 2.9 percent in November. The agency says that Canadians are being charged much more at the pump over the same time last year. Gas cost 13.5 percent more last month than it did 12 months earlier. From month-to-month, gas prices fell 2.3 percent in […]
Continue readingNew investors face tighter credit score demands
New CMHC numbers suggest lenders and the default insurer itself are increasingly relying on a borrower’s credit score to evaluate an application – something likely to affect new real estate investors and not their seasoned counterparts. Most real estate investors have sublime credit,” said Dave Butler, a mortgage broker with VERICO Butler Mortgage and largely […]
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