First-time buyers in Toronto’s hot property market must be wondering when they will catch a break.
A second major bank announced Tuesday it was raising its mortgage rates — a day after the province introduced a tax refund designed to help first timers step on to the property ladder.
Although the two events are unrelated and mortgage rates remain extremely low overall, housing experts agree the economic environment is stressful for house hunters. The detail ishere.
What Should Canada’s National Housing Strategy Look Like?
There’s less than one week to go until the federal government tables itsnational housing strategyreport on November 22, following months of consultations with the provinces and territories, industry experts and everyday Canadians.
What will, or should, our national housing strategy look like? Theissuesare varied and complex, involving differing provincial and regional economies, housing markets and conditions, from affordable housing to rental to homeownership.
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