Archive: December 2015

Finance minister tightens mortgage rules on homes over $500K

The federal government is boosting the minimum down payment for higher-priced homes in Canada effective in the new year. Homebuyers are currently required to put down a minimum of five per cent to …

Vancouver house sales set blistering pace in November

Home sales are at record levels in Toronto and near record levels in Vancouver, despite a steep run-up in prices that is putting housing out of reach for many first-time buyers. …