Blog | The Appraisers Consulting Group of Canada Inc.

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Jan 31
1 min

Toronto Real Estate Board says home prices hit record in 2020 as sales climbed ...

After seeing buyers compete with multiple offers on homes across the Greater Toronto Area, real estate agent Navid Rashid is recovering...

1 view

Sep 30, 2020
1 min

Canadian Home Sales surged to record highs ...

Canadian home sales are surging to record highs. "What a difference three months makes, from some of the lowest housing numbers ever back...

3 views

Aug 31, 2020
1 min

The Bank of Canada has lowered the base qualification rate for the stress test to 4.79% ...

The bank of Canada has lowered the base qualification rate for the stress test to 4.79%. This is the third drop since we entered into the...

2 views

Jul 31, 2020
1 min

Lenders use two rules to determine how much to lend you ...

Rule 1: Your gross debt service ratio: These are your housing costs, which shouldn't be more than 32% of your gross income. Housing costs...

0 views

Jun 30, 2020
1 min

CMHC Mortgage Qualification Rules are changing as of July 1st 2020 ...

The CMHC has announced new changes to mortgage qualifications that impact home buyers. Existing mortgages will not be affected and will...

0 views

May 31, 2020
1 min

Canada's Mortgage Stress Test Might become a bit more lenient ...

Canada's mortgage stress test might become a bit more lenient according to a prediction from RateSpy.com . BMO and RBC have decided to...

0 views

Apr 30, 2020
1 min

What will the Economy look like once things settle?

What will the economy look like once things settle? Toronto Dominion Bank's CEO has expressed confidence that the domestic financial...

0 views

Mar 31, 2020
1 min

Banks allowing Canadians to delay mortgage payments up to 6 months ...

Are you concerned about your mortgage payments? Depending on your lender, there may be options available to you during this time....

0 views

Feb 29, 2020
1 min

On April 6th the Federal Government is looking at changing the benchmark rate...

On April 6th the Federal Government and Finance Minister are looking at changing the benchmark rate used in the stress test. The...

3 views

Jan 31, 2020
1 min

About 92% of Canadians see at least one barrier to Owning a Home...

About 92% of Canadians see at least one barrier to Owning a Home... According to Zwillow and Ipsos, their top two concerns were related...

5 views

Dec 31, 2019
1 min

Are Millennials worried about ever being able to afford a home in Toronto?

Are millennial's worried about ever being able to afford a home in Toronto and the GTA? Here is what a survey according to KPMG revealed...

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Nov 30, 2019
1 min

Toronto Housing Market Update

Toronto Update The national housing market is showing promising conditions for the future. For the third quarter in a row, the CMHC has...

4 views

Oct 31, 2019
1 min

New Comers to Canada are accounting for 21% of Purchases Canada Wide

New comers to Canada are accounting for 21% of purchases Canada wide. To be clear, newcomers refers to anyone who was new to Canada in...

1 view

Sep 30, 2019
1 min

Half of Canada's Major Housing Markets are Marketed as "Unaffordable"

Half of Canada's major housing markets are marketed as "unaffordable". Within seven key markets; Greater Vancouver, Toronto,...

2 views

Aug 31, 2019
1 min

Increases in July Housing Prices

In July, Ontario saw an increase in housing pricing by approximately 4.2%. Vancouver on the other hand, saw pricing fall by 23% and...

0 views

Jul 31, 2019
1 min

The Bank of Canada decides to put Interest Rates on hold at 1.75%.

The BoC has decided to put interest rates on hold at 1.75%. Although it was expected by many economists that the rate would be held, the...

2 views

Jun 30, 2019
1 min

Cost of Living on the Rise in Toronto

It is no shock that the cost of living is on the rise in Toronto. Since 2012, inflation is at its highest. All the more reason the Bank...

0 views

May 30, 2019
1 min

Longer Mortgage Terms?

In response to the BoC Governor Stephen Poloz's request for the big banks to present longer mortgage terms, HSBC has responded with a...

0 views

Apr 29, 2019
1 min

Mortgage Renewals

Is your mortgage coming up for renewal? Are you wondering what impact the Stress Test will have on you? Here is what you need to know: -...

0 views

Apr 1, 2019
1 min

Strategies to pay off your mortgage faster...

1. Make payments bi-weekly to save on interest over time 2. Increase your payment amounts to save on interest and take years off your...

1 view

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