Two Real Estate Stories in the News for Sunday, October 29th, 2017
Jethro Seymour
Sell your home faster and for more money with the Seymour Real Estate Team. I started my sales career in 1994 with publishing and media sales...
Sell your home faster and for more money with the Seymour Real Estate Team. I started my sales career in 1994 with publishing and media sales...
Hello! Here are Canada's headlines for real estate, today.
Canada's Real Estate Sector Remains Resilient
According to a press release from Business Examiner, "[t]he Canadian real estate industry is still performing well."
Check here for more details.
Has ‘fixing’ Canada’s mortgage market made it riskier?
According to Maclean's, "tighter lending rules will send borrowers into the ‘alternative lenders,’ posing a whole new set of hazards."
In the earlier October, "the Office of the Superintendent of Financial Institutions, the country’s banking regulator, introduced a new stress-test for banks to apply to borrowers." The change will have an impact the real estate market. The borrowers, who cannot "qualify for a mortgage at a traditional bank might try to get one from an alternative lender, such as Home Capital Group or Equitable Bank."
Check here for more details.
Photo: Ferdinand Stöhr
Find out what your home is worth here!
Jethro Seymour, Toronto Real Estate Broker. Search Toronto's live MLS listing here.