housing

Toronto and Hamilton are the hottest housing markets in Canada

From Blogto.com  Toronto's real estate market can be a pretty scary place. Prices continue to rise, making home ownership a pipe dream for many of those who live in the city. The same holds true for Hamilton, which has witnessed tremendous growth. The Globe and Mail reports today that according to the Teranet-National Bank House Price Index, which tracks the changes in the residential housing...

Toronto-Dominion Bank raising rates, variable rate mortgage customers to face increased costs

One of the country’s largest banks has moved a key prime rate up 15 basis points for variable-rate mortgage customers, a change that will affect some Canadians with floating rate products. Toronto-Dominion Bank began quietly telling the lending industry on Monday that its prime lending rate was going to jump from 2.7 per cent to 2.85 per cent on Tuesday for one segment of its business — a move that...

Why Toronto home prices won’t fall as rapidly as Vancouver’s

If the latest forecast from National Bank comes to pass, it would mark a serious change of pace for residential real estate in two of Canada’s major markets. The bank, Canada’s sixth largest, is calling for home price declines in both Toronto and Vancouver next year. National Bank expects Vancouver home prices to tumble 10 per cent within the next 12 months, with detached home values plummeting...

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