Mortgage rules and winter weather can't chill home buyers

Globe and Mail

New, tighter mortgage rules didn’t stop 13 rival bidders from submitting offers for a semi-detached house in central Toronto on Tuesday. The Family Day holiday, a record cold snap and a snowstorm didn’t seem to slow them down either. Industry watchers are waiting to see if the action in Canada’s most frantic real estate markets will ease off a bit now that the federal government’s new rules surrounding mortgage insurance have come into effect.

Full article

There are no comments

Thank you! Your comment has been submitted and is awaiting approval.

Michael James

Michael James

Sales Representative
CENTURY 21 Explorer Realty Inc., Brokerage*
Contact Me