Browsing Tag

increase

The Ontario Government Increases Rent by 2.2 Per Cent Starting in 2020

Building Jun 21, 2019

Starting January 1st, landlords across the province of Ontario will be able to increase rent by a maximum of 2.2 per cent in 2020, according to Ontario’s new rent increase guideline.The province calculates the guideline using the…

Building

Montréal home sales rise for a 50th straight month, gaining 11 per cent in April

Building May 3, 2019

The Québec Professional Association of Real Estate Brokers (QPAREB) has released their recent residential real estate market statistics for the Montréal Census Metropolitan Area (CMA), based on the real estate brokers' Centris provincial…

Building

Central bank hikes rate, says tariffs already in place to have modest impact

Andy Blatchford - THE CANADIAN PRESS Jul 11, 2018

OTTAWA – The Bank of Canada raised its benchmark interest rate Wednesday in an economy that it predicts will remain resilient even as it faces an even bigger bite from deepening trade tensions.The rate hike was the central bank's first…

Building

TD Bank raises 5 year posted mortgage rate, Royal Bank also upping rate

Armina Ligaya THE CANADIAN PRESS Apr 28, 2018

TORONTO – Two of Canada's biggest banks are raising their benchmark mortgage rates.Royal Bank of Canada said Friday it plans to raise its posted rate for a five-year fixed-rate mortgage on Monday to 5.34 per cent compared with the 5.14…

Real Estate

Average Montreal home prices reach record high in October, says real estate board

Ross Marowits - THE CANADIAN PRESS Nov 7, 2017

MONTREAL – Average Montreal island home prices hit a record high of almost $500,000 in October, rising 12.7 per cent from the prior year, the area's real estate board said Monday.Single family homes in the city and suburbs saw price…