The change of seasons is upon us, and this is what the TRREB President had to say about the strain on Canadian pocketbooks: “There is room for the federal government to provide for greater housing affordability for existing homeowners by removing the stress test when existing mortgages are switched to…

We are certainly in the midst of a changing housing market, and the stats point to a downward turn. But is this a long-term trend? What action needs to be taken? In regards to inflation and rising mortgage rates, Kevin Crigger, TRREB President, had this to say: “With significant increases…

It appears that mortgage rate hikes have continued their dampening effect on Toronto’s housing market. TRREB isn’t worried – but they expect this lull to stretch through the entire summer. “Our region continues to grow because we attract people and businesses from all around the world. All of these people…

It appears that mortgage rate hikes have continued their dampening effect on Toronto’s housing market; selling prices trended lower throughout May, which gifted buyers a bit of negotiating power. Unfortunately, a great number of buyers also retreated from the market or put their housing search on hold, due to less…