December 19, 2017

Team Weir would like to draw the attention of 2018 buyers and sellers to new mortgage rules taking effect on January 1, 2018.

“New mortgage rules coming into effect on Jan. 1 won’t trigger home price decreases, according to Royal LePage’s 2018 outlook for the Canadian housing market.

The real estate powerhouse sees home prices climbing 4.9 per cent by the end of next year, up to $661,919. The estimate is based on a composite price index that measures home prices in 53 Canadian cities.

The impact of the regulations won’t be exactly nil.

“The new measure will slow the housing market, particularly in the first half of 2018, as buyers adjust both their expectations and finances,” reads the report.” Global News

To read this article in it’s entirety please visit, Here’s what mortgage rules will do to home prices in 2018: Royal LePage.

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Are you buying or selling in 2018?

Team Weir has developed a series of articles to help educate you on the process of buying and selling. Please visit Buying A Home and Selling Your Home to learn more.

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