Canadian Real Estate News Headlines (January 30th, 2019)

Hello everyone. How are you?

I provide you with Canada’s news headlines for real estate news for today. 

Canada considers applying mortgage stress test rules to private lenders, sources say

Canada is considering subjecting private lenders to the same mortgage stress test rules faced by banks to prevent housing markets from being destabilized by the lenders’ rapid growth, three sources with direct knowledge of the matter said.

The details can be found here. 

Toronto Real Estate Trends: 2018 Year in Review [Infographic]

Real estate is always a hot topic, and consumer interest in the Toronto market shifted, sometimes significantly, between 2018 and 2017.

For example, REW’s data analysts found that in 2018, the Danforth, a well-established, highly walkable neighborhood that provides quick, easy access to the city’s downtown was the city’s most popular neighbourhood. Along the Danforth, also known as Greektown thanks to the Greek immigrants that once dominated this neighbourhood, residents are just minutes away from an extraordinary range of dining, shopping and leisure options.

However, back in 2017, consumers were taking a good look at homes in Humber Heights, a neighbourhood just north of Eglinton Avenue and bordered by the Humber River to the east and Royal York Road to the west.  Both neighbourhoods offer a variety of single-family homes, detached as well as semis, which include everything from the original homes to extensively renovated houses with some new builds.

The details can be found here.

Canadian Household Borrowing Rates Resume Rise, After 6 Weeks Of Stalling

Canadian households face higher borrowing costs, despite the lack of policy rate hike. Bank of Canada(BoC) numbers show the weekly effective interest rate for households reached an almost 10 year high. The increase comes after the effective rate had stalled for six weeks. 

The details can be found here.