Month: March 2019
As part of the 2019 Budget handed down yesterday, changes for prospective homeowners
The federal government is suggesting it’s going to tackle housing affordability issues, but it looks like many Canadians aren’t buying it.
Canadians have made their apprehension concerning the housing market known ahead of next week’s federal budget.
With Canada’s hottest housing markets cooler and the rock-bottom interest rates that fueled a household debt binge a thing of the past, some may wonder if the federal government’s mortgage stress testing is still needed.
It may be cold but the housing market in Winnipeg is heating up with two straight months of sales above their year-ago levels.
The Bank of Canada for some time has been suggesting higher and higher interest rates are coming soon — until this week.
Money and family can be a tricky combo to manage, especially when comes to one of life’s most expensive purchases — buying your first home.
The Bank of Canada is unlikely to increase interest rates next week according to a panel of leading economists, which has also commented on Canadian housing policy.
“The bottom line is that the Canadian government needs to find ways to support, even incentivize, homebuyers in Canada (especially first-timers who are facing challenges entering the market) rather than penalize them.”
A leading Canadian reverse mortgage lender says that today’s seniors are not ‘old’ and are pushing back against stereotypes.
As property values have soared, Canadians have been increasingly securing loans through home equity lines of credit, or HELOCS — which let borrowers tap into the value of their home even if they aren’t finished paying off a mortgage.
A home inspection is a visual examination of the property to determine the overall condition of the home. In the process, the inspector should be checking all major components (roofs, ceilings, walls, floors, foundations, crawl spaces, attics, retaining walls, etc.) and systems (electrical, heating, plumbing, drainage, exterior weather proofing, etc.).
Bank of Canada won’t hike mortgage-influencing policy rate ‘by much and not anytime soon,’ says economist
The unexpectedly weak Canadian housing market is one factor making it likely Bank of Canada Governor Stephen Poloz will take a less aggressive approach to interest rates this year, notes an economist with one of the country’s biggest banks.
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