Proposed mortgage rules could hurt many borrowers, credit unions say

Many less-wealthy home buyers could be shut out of the housing market and forced to continue renting if proposed mortgage stress-testing rules are adopted by Canada’s banking regulator, an association representing Canadian credit unions has warned. The Canadian Credit Union Association (CCUA), which represents 278 credit unions and caisses populaires […]

Home of the Week: Big-city living with a country vibe in High Park

THE LISTING: 27 Radford Ave. ASKING PRICE: $1,398,000 TAXES: $5,201.00 (2017) LOT SIZE: 20 feet by 119nbsp;ft LISTING AGENT: Andrew Ipekian, agent, Keller Williams Referred Urban Realty,nbsp;Brokerage Everybody tries to make their home feel like home. Occasionally, it is a special blanket or even a couple of photographs. However, for […]

Edmonton’s Londonderry Job is a new Version for affordable housing

A {}72-million affordable housing development designed to permit residents to grow in place, even as their financial situation changes, has received unanimous approval from the City of Edmonton and will break ground this fall. Londonderry is a 240-unit redevelopment of a website at the Kilkenny neighbourhood, northeast Edmonton. It replaces […]

Proposed mortgage Principle changes are a ‘war on home buyers,’ Ontario Property group says

The federal government must discontinue its “war on first-time house buyers” and hold off on proposed changes to mortgage-qualification principles as the slumping Ontario housing market absorbs the impact of two recent interest-rate rises, the mind of the Ontario Real Estate Association says. OREA chief executive officer Tim Hudak, who […]

Edmonton’s Londonderry Job is a new Version for affordable housing

A {}72-million affordable housing development designed to permit residents to grow in place, even as their financial situation changes, has received unanimous approval from the City of Edmonton and will break ground this fall. Londonderry is a 240-unit redevelopment of a website at the Kilkenny neighbourhood, northeast Edmonton. It replaces […]

Ontario regulator charges three Realtor in Condominium presale probe

The organization that regulates real estate agents in Ontario has laid charges against three realtors for allegedly accepting money from potential property buyers in exchange for preferential access to preconstruction condominium units. The Real Estate Council of Ontario (RECO) launched investigations after receiving five complaints regarding condominium presale practices lately […]

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