Canadian banks move to help customers, allow deferral of mortgage payments
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The Bank of Canada slashed interest rates Friday for the second time this month, a move that came as sentiment had begun to darken in the country’s real estate market with the spread of the COVID-19 crisis.
Home sales in the Greater Toronto Area reached 7,256 last month, according to the Toronto Regional Real Estate Board, a 46-per-cent increase over February last year, when activity hit a decade low because of stricter mortgage rules and the foreign buyers tax.
It may be cold and snowy outside, but don’t let the winter blues get in the way of you selling your home! With the correct presentation, marketing, and pricing, you can expect an offer in no time – regardless of the season. Take a look at these four simple steps to sell your home faster!
Home sales in the Greater Toronto Area reached 4,581 last month, according to the Toronto Regional Real Estate Board, a 15-per-cent increase over January last year, when activity slowed because of tougher borrowing rules, higher interest rates and a 15-per-cent tax on foreign buyers of real estate.