Homebuyers to get new mortgage incentive

By: Rebecca McGarvey

Homebuyers to get new mortgage incentive

Tags: First Time Homebuyers, Home Buyers mortgage incentive, CMHC ,Federal Budget, 2019 Budget Report, Real Estate Market, Mortgage Rates, Market Trends, House Prices, Durham Real Estate, GTA Real Estate,

Homebuyers to get new mortgage incentive, Home Buyer’s Plan boost under 2019 budget Can’t afford to buy a house? The government may take on part of the cost. That is the gist of the boldest proposal that Budget 2019 puts forth to help more middle-income Canadians fulfill their homeownership dream. Under the new CMHC First-Time Home Buyer Incentive, the Canada Mortgage and Housing Corpo...Read More

Durham Real Estate Housing Report

By: Rebecca McGarvey

Durham Real Estate Housing Report

Tags: Housing Report, Real Estate Market, Mortgage Rates, Market Trends, House Prices, Durham Real Estate, GTA Real Estate

Durham Region Association of REALTORS® (DRAR) President reported 585 residential transactions in February 2019 this represents a 15.16% increase on a month-over-month basis. Residential transactions in February 2019 decreased from the same time last year by 3.15%   “The OSFI mandated stress test has forced potential buyers out of the market or to the sidelines as many stru...Read More

While GM may be, Oshawa definitely is not out of gas heading into 2019

By: Rebecca McGarvey

While GM may be, Oshawa definitely is not out of gas heading into 2019

Tags: Real Estate Market, Mortgage Rates, Market Trends, House Prices, Durham Real Estate, GTA Real Estate, Oshawa, GM,

  Since General Motors announced that it would be shutting down production at five plants in North America including its Oshawa plant, the oldest in Canada, many have painted a gloomy picture of the future of what was once Canada’s Motor City. However, despite the steady erosion of the city’s largest private sector employer over the past seventeen years, tota...Read More

Durham Real Estate Housing Report

By: Rebecca McGarvey

Durham Real Estate Housing Report

Tags: Housing Report, Real Estate Market, Mortgage Rates, Market Trends, House Prices, Durham Real Estate, GTA Real Estate

Durham Region Association of REALTORS® (DRAR) President Tina Sorichetti reported a total of 8,941 residential transactions in 2018. This represents a 19.7 per cent decline compared to the 11,136 residential sales reported in 2017. The number of new listings in December 2018 reached 543, a 23.6 per cent decrease from the same time last year. “Residential transactions tend to slow down aro...Read More

Preview of trends you can expect in 2019.

By: Rebecca McGarvey

Preview of trends you can expect in 2019.

Tags: Real Estate Market, Mortgage Rates, Market Trends, House Prices, Durham Real Estate, GTA Real Estate

Looking to buy in 2019? Here's what you need to know: home sales and prices are expected to be held in check over the next 12 months.  According to the Canadian Real Estate Association, national home sales are expected to remain unchanged in 2019 (456,200 units; -0.5%), as rising interest rates combined with the mortgage stress test offsets continuing population, job and in...Read More

Mortgage and Consumer Credit Trends Report

By: Rebecca McGarvey

Mortgage and Consumer Credit Trends Report

Tags: Mortgage, Consumer, Credit, Interest rates

  CMHC is pleased to release the latest edition of its Mortgage and Consumer Credit Trends Report.  This national report provides a detailed look at mortgage and consumer credit trends as at the second quarter of 2018.     During this time, year-over-year growth in the number of active mortgages slowed as compared to 2017. Rising interest rates and the i...Read More