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Tag Archives: Purchase

Housing Prices to Rise 19.3% this Year

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Housing Market Moderates in May, but Prices Forecast to Rise 19.3% this Year Home sales and prices continued to moderate in May, easing from March’s peak. But with ongoing tight supply and high demand, prices are expected to remain elevated through the year. That’s according to the Canadian Real Estate Association (CREA), which released its [&hellip…

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Homebuyers to Face More Stringent Mortgage Stress Test After June 1

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Canada’s banking regulator has proposed changes that would strengthen the stress test applied to uninsured mortgages. The Office of the Superintendent of Financial Institutions (OSFI) unveiled its proposed changes on Thursday, which would require borrowers applying for uninsured mortgages—typically those with more than a 20% down payment—to qualify at their mortgage contract rate plus two [&hellip…

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