real estate

House sold before new mortgage rules changes came into effect Oct. 17.

New mortgage rules raising bar

New federal mortgage rules that came into effect on Monday may leave many first-time homebuyers in the dust. The federal government is trying to contain household debt and stabilize Toronto’s overheated housing market by cutting into the homebuyers’ purchasing power.

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DIY, traditional home sales both strong despite competition

Teresa Estevez took on the task of selling her Mississauga home privately after finding the price of hiring a real estate agent to be more than she’d anticipated. “I can’t afford to pay an agent right now because of the high commission,” she said. “We invested all of this money into the house. … If I was to get an agent, I would be losing [money].” She’s not alone.