Ontario Archives - Mortgage Rates & Mortgage Broker News in Canada

Ontario regulator flags risks in growing private mortgage sector

September 12, 2024 No Comments

Ontario regulator urges better oversight to protect borrowers and investors

Toronto-area home sales decline in August, but rate cut could spur activity: board

September 5, 2024 No Comments

The Toronto Regional Real Estate Board says home sales in August fell from last year as average home prices edged lower.

Ontario sets new planning rules intended to boost home building

August 21, 2024 No Comments

Ontario’s housing minister announced a new set of planning rules Tuesday, which he said will set the stage for a “long-term building boom.”

Greater Toronto home sales ticking downward despite interest rate drops: TRREB

August 6, 2024 No Comments

The Toronto Regional Real Estate Board says home sales in July were up from last year but down from a month earlier, despite a jump in listings.

Ontario developer coalition asks governments for tax breaks to pass on to homebuyers

August 1, 2024 No Comments

A coalition of Ontario developers has written to three levels of government to ask for a reduction in taxes on new housing, saying it will pass on those savings dollar for dollar to homebuyers.

Vast majority of Greater Toronto new condo investors losing money every month: report

July 25, 2024 No Comments

Toronto’s condo market is under pressure, with a new report revealing a significant increase in cash-flow negative investors in newly completed condos.

FSRA introduces stricter guidelines for mortgage broker licensing

July 19, 2024 No Comments

FSRA has issued new guidelines to enhance mortgage broker licensing standards, aiming to better protect homebuyers and investors.

Greater Toronto home sales down 16% in June despite Bank of Canada’s rate cut: board

July 4, 2024 No Comments

The Toronto Regional Real Estate Board says home sales in June declined 16.4% from last year, with many potential buyers staying on the sidelines despite the highly anticipated Bank of Canada interest rate cut.

Ontario to recount housing build numbers

Ontario considers housing data revisions after municipal concerns of undercounting

June 21, 2024 No Comments

Ontario is considering revising its tallies of how many homes are built in cities and towns across the province, after some complained that undercounting has cost them millions in provincial funding.

An overview of housing promises from all of the 2024 provincial budgets

May 6, 2024 No Comments

Housing is arguably Canada’s most important policy issue right now. From building millions of new homes, apartment buildings, and condos, to ensuring developers have all of the financing they need, governments from Iqaluit to Windsor are preoccupied with ensuring every Canadian has a home to call their own.

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