Anne Adams
Broker of Record
416-255-SOLD (7653)

Toronto West Realty Inc., Brokerage
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New Housing Rules are a Step in the Right Direction
A Sustainable Housing Market is Better than a Hot Housing Market

The New Down Payment Rule applies to only people who have a down payment of less than 20 per cent and thus require mortgage default insurance.


A tougher standard for house down payments is good for both first-time buyers and the baby boomers who define their wealth in terms of how much their houses have increased in value.  The new down payment requirement is a mere tap on the brakes, but a welcome one in that it addresses the hottest markets while leaving the others alone.


This new rule comes into effect February 15, 2016 and the minimum down payment will rise to 10 per cent from the current 5 per cent for the portion of a house price that exceeds $500,000.  If you already have your mortgage commitment in place or apply prior to February 15th, you won't be affected.

If we cool the market a little as a result of this change in down payment requirements the risk of a slow down overall is somewhat reduced. It is important for the government to get this right because so much of the nation's wealth is tied up in home equity.



Click on this recent article from The Globe and Mail to view Rob Carrick's editorial that was published December 11th, 2015

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Toronto West Realty Inc. has attracted over 120,000 visitors to its web site The web site provides viewers (sellers and buyers) with easy access to MLS Listings.

Toronto West Realty Inc.'s web site is considered to be a mature site along with being optimized for several years to attract buyers who are searching out real estate listings on the internet in  the Toronto West  and  Etobicoke  Neighbourhoods including, Edenbridge - Humber Valley, Old Kingsway - Kingsway South, Islington - Sunnylea, Lambton Baby Point, Lincoln Woods, Princess - Rosethorn,  Bloor West Village - High Park, Toronto Waterfront Condos and Townhouses, Bal Harbour Village and Toronto West Real Estate.

Have a look at the  Testimonial Tab at the top of my web site to view the Testimonials from my appreciative sellers and buyers.

Let me know if you also would like to experience exceptional real estate service.



Anne Adams, Broker of Record

Toronto West Realty Inc., Brokerage

E-Mail:   or call

416 255 SOLD (7653)

Toronto West Realty Inc., Brokerage, independently owned & operated
30 Yachters Lane, Etobicoke, ON M8V 4C5, Canada | 416 801 7653

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