Under these new guidelines, which have themselves changed over the last six months, the stress test has homebuyers qualifying for a mortgage at a rate of 5.34% or 2% higher than the negotiated rate (whichever is larger).
It’s the age old story in Toronto, our transit system sucks… for now. These four planned transit additions will greatly impact developments, neighbourhoods and especially future property values.
Among the many beautiful cities in Canada, Toronto is one of the most desirable destinations for foreigners. If you’ve been thinking about moving to Canada, here are a few things you should know before buying your home in Toronto.
The city announced its plans for The Meadoway, a 16-kilometre long park. The Meadoway will connect sections along an existing hydro corridor and will stretch from Rouge National Urban Park in Scarborough to the trails that follow the DVP right into the downtown core.
After a decade of strategizing, the Flood Protection Plans for Toronto's east waterfront are official and are set to begin this summer. Okay, so maybe that doesn’t sound all that exciting — but what if we mentioned that the plans include the creation of a new island, several new parks, and an entirely new neighbourhood? Better right?
At a time when the city’s vacancy rate is hovering around 1% and rental competition is crazy, one Toronto community is taking to the streets, or rather the laneways with a possible solution to this urban dilemma.
It’s a love-hate relationship between AirBnB and Toronto but are they really to blame for the lack of Toronto rental inventory?
Whether you’re thinking about purchasing or have already purchased, Canada’s new lending rules will affect any buyers purchasing or closing with conditions after January 1, 2018.
Poppin’ back up in the news again is the uncertain future of Toronto’s proposed Rail Deck Park. The city promised its dwellers urban gold in its most coveted form, outdoor green space. Something Toronto’s downtown core sorely lacked but now this green space's future is uncertain.