May 2020 Gta Real Estate Review: the Good, the Bad, the Ugly

Toronto is proving once again to be an incredibly resilient real estate market. As if we needed more proof!? In spite of the Covid-19 lockdown GTA posted some surprisingly positive real estate numbers in May 2020. While the volume of sales and listings are down ~50% compared to last year, prices are showing gains ...

Reverse Mortgages in Canada Are Taking off in a Big Way

Reverse mortgages are taking off again in Canada. This growth is due in part to a combination of an aging baby boomer population, rising real estate values, and the rising cost of living. Mortgage lenders are taking note. Many new products are coming to the market, creating competition that is good for consumers. All ...

Cmhc to Increase Minimum Down Payment to 10%

Canada Housing & Mortgage Corporation’s (CMHC) top boss made some comments this week that has raised speculation that big changes are headed our way. Among many ominous predictions, the CEO suggested that CMHC should eliminate it’s 5% down payment program. This would lead to changing the minimum down payment to 10%. Here’s what was ...

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