Amazing Open Houses To Check Out This Weekend!
Looking To Buy Or Sell A Property In Toronto/GTA?
Call Sutton Realty – We Help Landlords Too!
Sutton Group Realty Systems Inc., Brokerage
416-896-3333 / 905-896-3333
Amazing Open Houses To Check Out This Weekend!
Looking To Buy Or Sell A Property In Toronto/GTA?
Call Sutton Realty – We Help Landlords Too!
Sutton Group Realty Systems Inc., Brokerage
416-896-3333 / 905-896-3333
Have you ever wondered what the difference is between white paints?
10 expert home designers have shared their favourite shades – See below!
Swiss Coffee by Benjamin Moore
Chantilly Lace by Benjamin Moore
Pure White by Sherwin-Williams
Super White by Benjamin Moore
Imagine .01 by Colorhouse
Decorator’s White by Benjamin Moore
Pointing by Farrow & Ball
White Wisp by Benjamin Moore
Cool December by Dunn-Edwards
Simply White by Benjamin Moore
Looking To Buy Or Sell A Home? Need Help With Interior Design And Staging Ideas? Call Sutton Realty Today!
Sutton Group Realty Systems Inc., Brokerage
416-896-3333 / 905-896-3333
www.SuttonRealty.com
Are You A First Time Home Buyer? We Can Help!
Call Sutton Realty Today To See If You Qualify For The First Time Home Buyer Incentive!
Sutton Group Realty Systems Inc., Brokerage
416-896-3333
www.SuttonRealty.com
TC4 Condos In Vaughan
0 Minutes To Subway
Welcome To Transit City – a brand new multi residential development in the heart of Vaughan Metropolitan Centre!
It has never been easier to commute from home, whether you drive or take the TTC!
Register Today For Floor Plans, Pricing and priority access!
Sutton Group Realty Systems
416-896-3333
www.CondominiumToronto.com
With trends constantly changing these days, it’s hard to tell which new features and design improvements will actually benefit in the quick sale of your property.
Realtor.com has offered a few key features that have helped home owners sell their home the fastest and for the best price!
Whether you are looking to sell your home at an amazing price or are looking to purchase a home which includes any of the above upgrades, please give us a call!
We have agents waiting by the phones to answer your questions and help you with all of your buying and selling needs – each step of the way!
Sutton Group Realty Systems Inc., Brokerage
416-896-3333 or 905-896-3333
Royal Bank has stated that a widespread real estate downturn is unlikely and that the probability is “still low but has increased somewhat in recent months”. Mortgage stress tests and rising rates are making it harder for buyers to get a foot in the door.
Toronto, Vancouver & Alberta are currently at risk due to the high interest rates put on the high-priced areas, and affordability is a major at a crisis level. “Regulatory changes made the market healthier – it is now balanced, well supported by economic and demographic fundamentals, and while condo building activity is elevated we see few signs of overbuilding,” says RBC.
Montreal remains one of Canada’s stronger markets at the present time, says RBC. Elevated levels of apartment construction in Montreal, Vancouver, and Toronto is a potential long-term concern, however unsold inventories are low.
For more on this article, visit: https://ca.sports.yahoo.com/news/severe-housing-downturn-canada-unlikely-rbc-190257940.html
Canada is considering subjecting private lenders to the same mortgage stress test rules faced by banks to prevent housing markets from being destabilized by the lenders’ rapid growth, three sources with direct knowledge of the matter said.
Private lenders currently account for approximately one-tenth of Canada’s $1.5 trillion mortgage market, and are still dwarfed by banks but their growth has accelerated since the new rules have been introduced. The B-20 rules that were introduced last January require banks to test the borrower’s ability to make repayments at 200 basist points above their contracted rate, and have resulted in more applications for loans being rejected.
As of now, private lenders are not subject to the B-20 rules because they are supervised by provincial regulations rather than the Office of the Superintendent of Financial Institutions, the federal regulator. Bringing them under federal supervision would require a change in the law.
Two options were discussed, either the federal government would have to ask provinces to apply the B-20 guidelines themselves, private lenders would then also need to provide stress tests the same as the banks’, or the less severe alternative – to recommend provinces ensure private lenders run tighter checks on the ability of their borrowers to repay loans but stop short of imposing the actual stress test. A final decision has yet to be made.
Mortgage investment companies (MICs), have been the main driver of private lenders’ growth, picking up borrowers spurned by the banks. Lending up to 90 per cent of a property’s value, they typically charge borrowers an annual rate above 10 percent, sometimes as high as 15-20 compared with the 3-5 percent offered by banks.
For more on this article visit: https://business.financialpost.com/real-estate/mortgages/exclusive-canada-mulls-measures-to-curb-private-lenders-growth
After years of booming times, Canada’s housing markets are at a turning point. Interest rates are rising, and the new mortgage rules have taken some steam out of the market.
Below are 10 charts illustrating just how out of whack things have become.
Canadians have never had to shell out more of their income to own a home:
Condo construction is at an all-time high:
Young families are not wanting to live in said condos:
You need to be a one-percenter to own an “average” Vancouver home:
Vancouver homes are comically overpriced:
Vancouver’s new distinction: Worst housing market:
There aren’t enough new residents to prop up Vancouver’s market:
Toronto has as much as it can handle:
Mortgage growth is at historic lows:
Investment condos are now often losing money: