OTTAWA — New federal measures meant to cool the red-hot housing market will make it more difficult for homebuyers to qualify for government-backed mortgages, Finance Minister Jim Flaherty acknowledged this morning.
Some buyers will have to settle for less expensive houses or a bigger mortgage as a result of the rule changes brought in by the Conservatives. To give the financial industry time ...
Posted by Carol Ireland
on February 16, 2010
If you are in the market for a ski chalet or maybe a year-round retirement home in the Georgian Bay Triangle, a word of advice: Start looking now. The next six months could see a boom in both new and resale properties in areas such as Collingwood and Blue Mountain.
What happens after that, however, is anyone's guess. The new harmonized sales tax kicks in July 1, instantly raising prices.
On what ...
Posted by Carol Ireland
on February 3, 2010