Some advocates are praising Ottawa's move to lengthen the amortization period on insured mortgages for certain homebuyers, but say expanding the policy to all Canadians would help make home ownership more affordable.
The Toronto Regional Real Estate Board says Greater Toronto home sales in March were down 4.5 per cent from last year, but there was enough competition between buyers that the average home price rose moderately year-over-year.
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Luxury real estate sales have increased across the country in the first two months of the year but larger markets like Toronto are seeing less activity as some buyers look elsewhere amid steep prices, a new report has found.
The federal government's commitment to have rent payments counted toward credit scores is being welcomed by companies that already offer the service, while renter advocates have raised concerns.