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Our Blog | Home Buyers

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Proposed mortgage stress test unnecessary and harmful: Fraser Institute

  10/11/2017 | Posted in Mortgages and Real Estate by Re/Max Royal Properties Realty

A new stress test for all uninsured mortgages is unnecessary and could increase costs for homebuyers, a report by the Fraser Institute said Wednesday.

... More


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Mortgage carrying costs for new buyers to increase by 8% in 2018

  10/10/2017 | Posted in Home Buyers by Re/Max Royal Properties Realty

Amid steadily rising mortgage costs, prospective home buyers should brace themselves for a less friendly purchasing environment in a few months’ time, although current ... More


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CMHC explores cutting red tape for self employed borrowers

  10/2/2017 | Posted in Home Buyers by Re/Max Royal Properties Realty

The national housing agency is exploring ways to make it easier for entrepreneurs and new immigrants to buy a home by cutting some of the red tape required to prove they can ... More


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Emotions drive Canadian homebuyers to smash their budgets

  9/29/2017 | Posted in Home Buyers by Re/Max Royal Properties Realty

Sixty percent of Canadian homebuyers would exceed their budget to buy a home with more than half willing to smash it by $50K!

... More


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Buyers to face even greater hurdles

  9/19/2017 | Posted in Mortgages and Real Estate by Re/Max Royal Properties Realty

Last year’s mortgage rule changes placed roadblocks in front of millions of would-be buyers, but increased rates and future regulatory action may prove even more ... More


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Canadian home sales edge up in August

  9/15/2017 | Posted in Real Estate Market by Re/Max Royal Properties Realty

According to statistics released today by The Canadian Real Estate Association (CREA), national home sales posted a small gain in August 2017.

... More


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Consumers Rush to Lock in Mortgage Rates ahead of Bank of Canada Rate Hikes

  9/12/2017 | Posted in Mortgage News by Re/Max Royal Properties Realty

The number of Canadians who applied for a fixed-rate mortgage in August saw a substantial spike, with 59.31% of users on the LowestRates.ca website opting for a fixed-rate ... More


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Banks quickly follow BoC with rate hikes

  9/7/2017 | Posted in Mortgage Interest Rates by Re/Max Royal Properties Realty

Canada’s big banks were quick to announce increases to their prime lending rates to 3.2% Wednesday.

... More


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BoC interest rate hike drags on weakening Toronto real estate

  9/6/2017 | Posted in Toronto Real Estate by Re/Max Royal Properties Realty

A second interest-rate increase announced Wednesday by the Bank of Canada will add further drag to Toronto's real estate sector, which has seen home sales fall steadily for ... More


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Why you should buy up right now in the GTA

  9/6/2017 | Posted in Home Buyers by Re/Max Royal Properties Realty

Is upgrading your home a serious thought? This might be the perfect time to buy up in the GTA.

... More


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GTA will face tough housing decisions amid intensification

  9/5/2017 | Posted in GTA Real Estate by Re/Max Royal Properties Realty

If you’re in the market for a new home and think you’ll get a better deal if you just wait for prices to come down, you may want to think again.

... More


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Odds of a rate hike just went up as Canada's growth wows economists

  9/1/2017 | Posted in Mortgage Interest Rates by Re/Max Royal Properties Realty

The economy is growing at the fastest pace in 15 years and that has some analysts changing their calls for a Bank of Canada hike from October to next week.

... More


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Tips for buying a new construction home

  8/27/2017 | Posted in Home Buyers by Re/Max Royal Properties Realty

Buying from plans requires careful attention and some people find it hard to visualize a room’s size strictly from written measurements, so bring a tape measure.

... More


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Why people are turning to their phones for mortgage advice

  8/25/2017 | Posted in Mortgages and Real Estate by Re/Max Royal Properties Realty

“Hey Siri, what’s the best mortgage rate?”

... More


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GTA sellers face a refresher course in economics

  8/25/2017 | Posted in GTA Real Estate by Re/Max Royal Properties Realty

The basic lesson: A property is worth what a buyer is willing to pay

... More


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Buyers work around mortgage stress test

  8/22/2017 | Posted in Home Buyers by Re/Max Royal Properties Realty

A new report reveals Canadian sentiment about homebuying in Canada – including just how impactful the stress test might be.

... More


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Mortgage rule changes are cooling housing market: Morneau

  8/22/2017 | Posted in Mortgages and Real Estate by Re/Max Royal Properties Realty

Finance Minister Bill Morneau says last October’s sweeping mortgage rule changes aimed at cooling Canada’s housing market have successfully dampened high-risk ... More


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The truth behind GTA home prices

  8/21/2017 | Posted in GTA Real Estate by Re/Max Royal Properties Realty

Cause and effect; supply and demand – the reasons for record-high new home prices in the GTA are a matter of government actions and simple economics.

... More


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Mortgage rate outlook

  8/20/2017 | Posted in Mortgage Interest Rates by Re/Max Royal Properties Realty

Mortgage rates are going up, according to a panel of experts. ... More


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Canadian homebuyer power has doubled since the millennium

  8/18/2017 | Posted in Home Buyers by Re/Max Royal Properties Realty

A prolonged regime of low-interest rates along with a steady trend of rising incomes have more than doubled the amount that Canadians are able ... More


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Homebuyers willing to sacrifice indoor space for outdoors

  8/17/2017 | Posted in Home Buyers by Re/Max Royal Properties Realty

Outdoor living is becoming increasingly popular and a new poll shows that homebuyers are willing to have less indoor space if that means more room outside.

... More


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Largest Cohort of Millennials Changing Canadian Real Estate, Despite Constraints of Affordability and Mortgage Regulation

  8/17/2017 | Posted in Real Estate Market by Re/Max Royal Properties Realty

'Peak Millennials' (aged 25 to 30) to create strong wave of demandNational survey shows while the peak millennial dream to own property is very strong, ... More


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Toronto home buyers and sellers play the waiting game

  8/11/2017 | Posted in Toronto Real Estate by Re/Max Royal Properties Realty

Toronto in mid-August feels like a city waiting with bated breath. The real estate market is drowsy and buyers and sellers are anxious to ... More


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Refinancing is driver of new loans growth: CMHC

  8/9/2017 | Posted in Mortgage News by Re/Max Royal Properties Realty

The number of new mortgages continued higher in 2016 but the share of first-time buyers slipped, CMHC says. The crown corporation reports that there were just over 1 ... More


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Rise of the robot realtor? Canadians amongst the most 'digitally-active' homebuyers in the world

  8/8/2017 | Posted in Industry Trends by Re/Max Royal Properties Realty

New technologies are transforming the way people in Canada and across the globe are buying a home, with significant implications for consumers and the property ... More


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Toronto real estate market picks up after lull

  8/6/2017 | Posted in Toronto Real Estate by Re/Max Royal Properties Realty

Home buyers in Toronto and some of the surrounding areas appear to be testing their mettle again after spending a few weeks on the sidelines. It’s too soon to tell ... More


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Avoid These Common Mortgage Pitfalls

  7/31/2017 | Posted in Home Buyers by Re/Max Royal Properties Realty

A home is the largest purchase most people will make in their lives. That should reinforce the importance of planning ahead, doing your ... More


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Canada's economy accelerates, rate hike expectations grow

  7/28/2017 | Posted in Mortgage Interest Rates by Re/Max Royal Properties Realty

Canada’s economy accelerated far more than expected in May amid growth in the energy and manufacturing sectors, pointing to solid momentum in the second quarter ... More


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The Bank of Canada hikes rate for first time in seven years

  7/12/2017 | Posted in Mortgage Interest Rates by Re/Max Royal Properties Realty

The Central Bank raised its new target for the overnight rate to ¾% today, citing a confident financial outlook and above-potential ... More


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TREB Member REALTORS® Release Monthly Market Report, Forecast Update And New IPSOS Consumer Survey

  7/6/2017 | Posted in GTA Real Estate by Re/Max Royal Properties Realty

Toronto Real Estate Board President Tim Syrianos, in his first release as TREB President, announced TREB residential MLS® sales, listings and price statistics for ... More


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