Article from RCI
Posted: August 24, 2021 9:22 PM
Liberal Leader Justin Trudeau promised Tuesday a suite of new measures to help Canadians buy a home at a time when the red-hot housing market has made owning property seem like a distant dream for many young people.
The federal government has launched a new program that offers homeowners grants to retrofit their homes and make them more energy efficient. The Canada Greener Home Grants program, funded to the tune of $2.6 billion, will offer homeowners grants of up to $5,000 that can be put toward energy-saving projects such as:
Improved insulation;
Air sealing, thermostats;
On April 8th, 2021, the Office of the Superintendent of Financial Institutions (OSFI) proposed a tougher minimum qualifying rate for uninsured mortgages.
As proposed, it will be the higher of these: the mortgage contract rate plus 2%, OR a 5.25% floor rate.
This is 0.46%-pts higher than the current stress test qualifying rate of 4.79%.
On June 1st, 2021 (the proposed start date) should nothing change, it would be slightly harder to get approved for a specific type of mortgage. When we say slightly, the impact on purchasing power is roughly 4-5%.
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Published by Arturo Chang, BNN Bloomberg on Jan 13, 2021
Canada’s housing market may be heading for a soft landing at the end of the year after what could be a record-breaking 2021, a new report by RBC Economics said.
Published at NAR website on November 11, 2020
TREB News | Jan 21, 2021
Verifying the identity and documents of a potential tenant, buyer, or seller is critical.
Treb News | 07 January 2021
For a breakdown ofTRREB’s MLS® System housing numbers for December and 2020, view our latest Market Watch reports, housing market charts and infographic below.
Treb News published on 12 January 2021
Effective immediately for at least 28 days, the province is implementing a second province-wide state of emergency, putting further restrictions on retail hours and gathering sizes to combat a dramatic rise in COVID-19 cases. Real estate still remains an essential service, and you can still conduct business following all public health directives and protocols.
From Treb News 14 January 2021
