Full on summer activity in June

Some highlights of June realestate activity:

• CMHC lowered buyers’ required credit score to 600 from 680, and adjusted the maximum amount of debt-to-income that buyers can carry.
• Market share of CMHC has dropped to 23% — the lowest share in decades
• Sagen(formerly Genworth) and Canada Guarantee shares have grown to 44% and 33% because of CMHC’s
• This is just one corporation trying to make more profit nothing to do with affordable housing or helping buyers.
• Its mostly the lenders that choose the insurer and that market share might stay consistent for sometime.

Following is the June sales activity in Greater Toronto Area’s major cities:

Toronto East

York