StoryLine By CondoNow
Our CondoNow experts have narrowed down the top 10 real estate news stories from April 30 – May 13, 2018.
BMO woos homebuyers as mortgage wars heat up, downsizers expected to boost Toronto’s luxury condo prices, and Ottawa’s rental shortage attracts savvy investors. We’ve cultivated a list of the top 10 stories. Here’s the latest news!
BMO Offers Record Variable Discount as Mortgage Wars Heat Up
Bank of Montreal is wooing homebuyers with a variable mortgage rate with the biggest discount ever by a large Canadian bank, according to one market watcher.
Full Story on BNNBloomberg.com
High-End Home Sales Hit By New Rules: Report
New stress tests, higher rates and the foreign buyers’ tax have rippled into the top of the housing market. But condos are predicted to gain ground.
Full Story on TheStar.com
Unlikely Canadian City Attracting Foreign Buyers
Ottawa is experiencing a rental shortage, and savvy foreign investors are swooping in.
Full Story on CanadianRealEstateMagazine.ca
Boomers Or Millennials: Who Had it Tougher in the Toronto Housing Market?
The plight of the millennial Toronto home buyer has been a turbulent one; for this generation, the search for the perfect abode has been defined by downsized expectations, sky-high prices and steep competition.
Full Story on RemOnline.com
Toronto Foreign-Buyer Home Sales Drop to 2.5 Percent of Real-Estate Purchases
The number of homes sold to foreign buyers in Toronto has dropped steadily over the year since the province introduced a 15-percent tax on such purchases, falling from 7.2 percent of sales in May, 2017, to.
Full Story on TheGlobeandMail.com
Whistler Tops Vancouver as Canada’s Craziest Real Estate Market
The soaring cost of living is the dark underbelly of Whistler’s growing popularity as a four-season destination.
Full Story on TheStar.com
Coveted Amenity a Blessing for Investors
Buying an investment property near a school is one of the surest ways to maximize returns on investments.
Full Story on CanadianRealEstateMagazine.ca
Renewing Your Mortgage? Doing Your Homework Could Save You Thousands of Dollars
Two Toronto Buildings Just Won Governor-General’s Medals In Architecture
The 2018 Governor-General’s Medals in Architecture honour outstanding buildings across Canada. The winning projects are celebrated for their commitment to natural materials, clean design, and craftsmanship.
Full Story on TorontoStoreys.com
Montreal Home Sales Continue to Climb in Hot Market
Condominiums median price up 2% compared to last year, half of all units selling for more than $245,350.
Full Story on CBC.ca
