By one measure, conditions in Canada are reminiscent of those present in the US right before a stateside housing bubble burst, yet a repeat performance to the north is unlikely. Oxford Economics notes that the Canadian rate of debt to disposable income reached a record 167 percent last year, meaning […]
Monthly archives: January 2019
4 posts
On a recent segment of BNN Bloomberg, Toronto realtor John Pasalis voiced support for extended mortgage stress testing nearly a year to the day after the federal government introduced it. “The stress tests are great,” Pasalis says of the measure which requires mortgage applicants to qualify for their loans at […]
Mortgage stress tests aren’t just affecting would-be home buyers in Canada. Renters, even those with no intention of buying any time soon, are facing increasing rents in Toronto as a result of the federal policy, a popular real estate analyst suggests. “It’s been unbelievable [rent] growth… essentially since they put […]
Q: My husband and I recently bought a new house in Stoney Creek, and my employer has just paid me a nice bonus for this past year. Should I use the extra cash to pay down our mortgage or should I put it in my RRSP? I don’t want us […]