Loans Against Canadian Real Estate Rocket To A New High

Canadian real estate values soared, and have people scrambling to borrow against that value. Filings from Office of the Superintendent of Financial Institutions (OSFI) show that the total dollar value of loans secured by residential real estate reached an all-time high. This may be problematic in the personal loan segment, where the rate of growth has also hit an all-time high, at a time when interest rates are starting to climb.

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The market for condominium apartments is the most blazing hot segment of Toronto's ever-more-expensive rental market and real estate agents say that extra financial inducements for landlords are increasingly becoming a necessary part of closing deals on the most in-demand properties.

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Two Real Estate Stories in the News for Friday, January 26th, 2018

Picture: Berkay Gumustekin

Leaside & Bennington Heights Sales Statistics for December 2017

Davisville Village Home Sales Statistics for December 2017

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Jethro Seymour, Toronto Real Estate Broker.  Search Toronto's live MLS listing here.