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Toronto housing market caps a record year as prices surge past $1-million

Toronto’s housing market has just capped a record year, new numbers show.

And the industry believes it would have been even better had more homeowners wanted to sell.

The Toronto numbers released this morning and the Vancouver statistics reported yesterday show yet again why those two cities are the focus of bubble s ...

There’s just one reason for the strength of Canada’s housing market - low, stable mortgage rates.

Rates are still low, but the stable part is in question after Royal Bank of Canada announced a small but still significant round of mortgage rate hikes that will take effect Friday. Expect other banks to follow along.

RBC will increase borrowing costs on special offers for fixed-rate mortgages ...