An economist with Canada’s biggest bank says the country’s housing-market correction “is officially over.”
The Canadian housing market is teetering on the verge of favouring sellers despite the vast majority of local markets remaining balanced — for now.
Canadian home prices have lagged inflation over the past year according to a leading index.
There are signs that Canada’s housing market is about to get hotter.
There was a 3.5% rise in Canadian home sales in July compared to June and unadjusted activity was up 12.6% year-over-year.
Depending on the circumstances surrounding your bankruptcy, generally some lenders would consider providing mortgage financing.
I recently had clients who were refinancing their mortgage completely reject a very attractive offering from one of the big chartered banks.
Homeownership rates are higher now than they were two decades ago according to a new analysis from Statistics Canada.
The struggle has been real for Alberta’s biggest housing markets — but the province’s embattled urban centres are showing some signs of improvement, local real estate boards report this month.
Mortgage stress testing did more than just make it tougher for many Canadians to purchase a home — it also eroded their confidence in the housing market.
But Canadians seem to be regaining their confidence, more than a year and a half after policymakers introduced stress testing for uninsured mortgages.
Stressed out about Canada’s mortgage stress test? Mortgage-comparison website RateSpy recently rounded up four “loopholes” for homebuyers trying to qualify under the tougher rules.
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In the market for your 1st home? ? Unsure of the next steps to take? ? Here are 9 simple steps to get you…
The interest rate on a fixed-rate mortgage is set for a pre-determined term. This offers the security of knowing what you will be paying for the term selected.
A mortgage in which payments may fluctuate from month to month depending on market conditions. If interest rates go down, more of the payment goes towards reducing the principal; if rates go up, a larger portion of the monthly payment goes towards covering the interest.
Representatives of five housing related associations and five political parties will be meeting Sunday for the National Housing Debate.
The length of mortgage terms varies widely – from six months right up to 10 years. While four or five-year mortgages are what most home buyers typically choose, you may consider a short-term mortgage if you have a higher tolerance for risk, if you have time to watch rates or are not prepared to make a long-term commitment right now.
Montreal has dethroned Ottawa as Canada’s most in-demand housing market, according to the Scotiabank Housing Market Watch for August 2019.
There was an increase in Canadian home sales in August with a 1.4% improvement compared to July.
Where child support and alimony are paid by you to another person, generally the amount paid out is deducted from your total income before determining the size of mortgage you will qualify for.
Honesty is the best policy when it comes to mortgage applications, but it seems the message is lost on roughly one in four Millennials in Canada.
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