Sales 9,046 Average Price $1,136,280 New Listings 13,483

Sales 8,596 Average Price $1,070,911 New Listings 10,609

‘The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. ‘ – Bank of Canada

Sales 9,390 Average Price $1,062,256 New Listings 12,551

The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. – Bank of Canada

CMHC has lowered their requirement for at least one borrower on a mortgage application to have at a 600 beacon credit score and increased qualifying ratios back to 39% (GDS) & 44% (TDS)

Sales 11,106 Average Price $1,089,536 New Listings 16,189

‘The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent.’ – Bank Of Canada

Sales 11,951 Average Price $1,108,453 New Listings 18,586

Effective June 1, 2021 for both insured and uninsured mortgages a stress test will apply where the minimum qualifying rate will be the greater of the mortgage contract rate plus 2% or 5.25 percent.