Six Major Canadian banks will allow customers to defer mortgage payments for up to six months
Canadian banks move to help customers, allow deferral of mortgage payments
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The Bank of Canada’s rate cut could fuel the real estate market amid COVID-19
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.
Toronto Home Sales Soar In February
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.
Toronto real estate market bucks seasonal slowdown as home sales jump 15 per cent in January
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.
Election 2019: Promises will increase prices
Making borrowing easier without stimulating supply will push prices higher, and could make it harder to afford homes