Existing Home Sales In Canada Reach Record Level in October 2016

Existing home sales in Canada reached a record level in October, 2016 per The Canadian Real Estate Association (CREA). In a statistics report released November 15th the CREA said there were 42,473 sales in October across the country. It was the most home sales ever in the month of October and a rise in sales […]

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Mortgage Stress Test Will Challenge First Time Home Buyers

The federal government implemented a more stringent mortgage stress test for new mortgages on October 3rd, 2016. The mortgage stress test will be a challenge for new home buyers. Low interest rates have created several hot markets across Canada. Concerns about housing affordability have moved the government to make rule changes to support the long-term […]

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