Toronto Core House Sales Are Surging (Ben Mulroney – Global News 640 Toronto)

Toronto Core House Sales Are Surging (Ben Mulroney – Global News 640 Toronto)

Sales of Toronto homes are surging, while condo sales are lagging behind. New mortgage rules allow 10% down payment for homes up to $1.5M, likely boosting competition in $1-2M range. Stress test removed for mortgage renewals with more than 20% equity.

Sales of Toronto homes are surging, while condo sales are lagging behind. New mortgage rules allow 10% down payment for homes up to $1.5M, likely boosting competition in $1-2M range. Stress test removed for mortgage renewals with more than 20% equity.