Your Best Move by Chen Kumar

Final OSFI wording on the new B20 Guidelines coming into effect on Jan 1, 2018 “At a minimum, the qualifying rate for all uninsured mortgages should be the greater of the contractual mortgage rate plus 2% or the five-year benchmark rate published by the Bank of Canada.” "....Guideline B-20 changes, which focus on uninsured mortgage loans."

Canada’s banking watchdog sets tougher rules for mortgage lending Starting in January, new regulations will make it tougher for Canadians to qualify for uninsured loans, affecting consumers with down payments of 20% or more

"The major explanation for mismatched supply and demand is domestic — new homes not keeping pace with Toronto’s 1.6 per cent annual immigration rate (an increase in population of over 100,000 a year), a local economy that’s actually doing quite well, and the irruption into Toronto of an ascendant set of values that can be attributed to an already landed, prospering immigrant class."

"So what’s to blame, “foreign buyers” or the rationale of Canadian immigration policies actually working?"

Why prick the housing bubble?: Richler | Toronto Star Let the laws of economics work themselves out. This is no bad thing. A more equitable distribution of prosperity is what will likely result.

"Here are the facts: there were 5,400 properties on the market at the end of February, half of last year’s figure. The price of an average house in Toronto and its suburbs rose 28 percent in February to C$875,983 from the prior year, the sixth straight month of above-20 percent growth."

House Hunters in Toronto Are Getting Desperate There’s nothing remotely affordable to buy, prospective buyers say.