Market Update

  • First-time buyers likely to feel main impact of new mortgage rule by Steve Randall

    Larger downpayments will be required by many Canadian homebuyers from next week as a new mortgage rule doubles the amount required by the CMHC for home purchases between $500,000 and $999,000 where the mortgage is more than 80 per cent of the home’s value

  • National Bank warns of housing correction by Steve Randall

    National Bank Financial has warned that the flow of foreign money into Canada’s real estate markets could begin to ease as governments such as China’s take action, increasing the threat of a correction in the hottest cities

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