real estate

Category: real estate

2017 was a watershed for Canadian housing as some suburban Toronto markets experienced markedly lower prices for the first time in more than a decade. Regulators tightened the rules for mortgage and housing finance. Experts say these changes mean that home buyers will have as much as 20 percent less borrowing power starting early in 2018.

Mortgage fraud-related troubles at alternative lender Home Capital of Toronto and the court-ordered receivership of one of Alberta’s oldest and largest home builders could be harbingers of the beginning of the end of the Canadian housing bubble.