CHMC Changes what will they mean to most?

What will all this mean? It will mean that you will probably find it a little more difficult to qualify for a mortgage, your payments will be a little higher because of the shorter amortization and it will be much tougher to get a large secured (cheaper rates) line of cerdit against your current property. But the rates are still low, so the market will continue strong....

What is happening in Toronto Real Estate Market?

Well I did not think that it would happen but I am now starting to see the price drop right across the city and the GTA. $10,000 to $20,000 is not uncommon. I am also seeing the builders giving great incentives and power of sales coming out a great prices. It might not be the best time to sell, if we compare it to last spring, but it might be a great time to sell comparing it to this upcoming summer or fall. One thing for sure, it is a great time to buy, amazing rates, great prices and the banks are still helping with the down payment.