Canadian Real Estate News Headlines (January 25th, 2019)
Jethro Seymour
Sell your home faster and for more money with the Seymour Real Estate Team. I started my sales career in 1994 with publishing and media sales...
Sell your home faster and for more money with the Seymour Real Estate Team. I started my sales career in 1994 with publishing and media sales...
Hello everyone. How are you?
I provide you with Canada’s news headlines for real estate news for today.
Canadian Reverse Mortgage Debt Rises Over 30%, Sets New Record
Senior Canadians tapping their home equity is slowing, but still showing massive growth. Office of the Superintendent of Financial Institutions (OSFI) filings show outstanding reverse mortgage credit hit a new high in November. The annual pace of growth of outstanding credit was slower than last year, but still remains above 30%.
The details can be found here.
2018 Toronto Real Estate Sales May Not Be as Dire as Data Shows
Young and middle-class Canadians are being denied the opportunity of homeownership due to the rigorous mortgage stress test, according to a report released January 23 by Mortgage Professionals of Canada (MPC).
The details can be found here.
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