Canadian realtors are predicting modest gains in the Toronto area re-sale housing market in 2019 — a return to a pre-bubble balance that will see home prices climbing in the low single digits. Royal LePage is expecting a 1.3 per cent price gain to an average of $854,552 next year, including houses and condos, in the Toronto area. That’s a sliver above the company’s 1.2 per cent national forecast. Re/Max is slightly more optimistic, forecasting a 2 per cent price increase... [read more]

Wedding or home? The decision facing many young Canadians Young Canadians are facing difficult financial decisions with the cost of living increasing and the cost of becoming a first-time homebuyers unaffordable for many. That means that the high cost of a wedding – average $46,000 – may be the difference between homeownership as singles or married life as renters. An analysis from RateSupermarket.ca found that an overwhelming 84% of respondents would rather spend their... [read more]

Mortgage delinquencies "worm has turned" warns Equifax More Canadians are running into serious issues with their mortgage payments according to a new report. Consumer 90-day mortgage delinquencies rose 1.5% to 0.18% in the fourth quarter of 2018 compared to a year earlier while the comparable non-mortgage rate increased 0.4% to 1.07%. The figures from Equifax follow two significant quarterly increases in consumer bankruptcies. “As we expected, the worm is turning in... [read more]

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