Mississauga, Brampton & Greater Toronto Area Real Estate Sales Drop while Home prices record slight growth in November 2018 TORONTO, ONTARIO, December 5, 2018 – Toronto Real Estate Board President Garry Bhaura announced the continuation of moderate price growth in November 2018 compared to November 2017. The MLS® Home Price Index (HPI) Composite Benchmark was up by 2.7 per cent year-over-year. The average selling price was up by 3.5 per cent year-over-year to... [read more]

Improving Affordability Today: Support for First-Time Home Buyers introduced in the 2019 Federal Budget To help make homeownership more affordable for first-time home buyers, Budget 2019 introduces the First-Time Home Buyer Incentive. The Incentive would allow eligible first-time home buyers who have the minimum down payment for an insured mortgage to apply to finance a portion of their home purchase through a shared equity mortgage with Canada Mortgage and Housing Corporation... [read more]

Ottawa unveils new mortgage stress test rules that will make it easier to pass On February 18, Minister of Finance Bill Morneau announced changes to the benchmark rate used to determine the minimum qualifying rate for insured mortgages, also known as the stress test. The new minimum qualifying rate will be the weekly median five-year fixed insured mortgage rate from mortgage insurance applications, plus two percentage points. TRREB has long called for adjustments to the... [read more]

20 Ways to Save Money and Stretch Your Household Budget These days, it seems like everyone’s looking for ways to cut costs and stretch their income further. Fortunately, there are some simple steps you can take to reduce your household expenses without making radical changes to your standard of living. When combined, these small adjustments can add up to significant savings each month. Here are 20 things you can start doing today to lower your bills, secure better deals, and... [read more]