It has been a truly busy year for the Canadian housing market – and depending on your home province, real estate was either too hot to handle, or in a historically deep hole. First time buyers just could’t seem to catch a break – new government rules chopped their affordability and mortgage qualification chances – while mortgage rates rose for the first time in years.
Penelope Graham is the Managing Editor at Zoocasa, and has over a decade of experience covering real estate, mortgage, and personal finance topics. Her commentary on the housing market is frequently featured on both national and local media outlets including BNN Bloomberg, CBC, The Toronto Star, National Post, and The Huffington Post. When not keeping an eye on Toronto's hot housing market, she can be found brunching in one of the city's many vibrant neighbourhoods, travelling abroad, or in the dance studio.