Ok, your buying your home, you have applied for a mortgage and you have been pre-approved!
In Canada, a mortgage contract contains all the conditions that you follow while you have your mortgage. You are bound to this contract for the TERM of your mortgage, which in Canada is typically five years.
The Bank of Canada announced this week it will begin purchasing 10-year Canada Mortgage Bonds (CMBs), a move seen as paving the way for mortgage lenders to more easily offer lower-cost 10-year fixed mortgage rates to consumers.
Four months after its official launch, CMHC’s First-Time Home Buyer Incentive had funded just 4% of its three-year goal, according to new data provided by the agency.
The clout of granite has not faded entirely, at least according to a recent survey by Point2 Homes.
The post Granite countertops are the most popular feature in home listings appeared first on Livabl .
Gains in the energy sector were offset by noticeable weaknesses in other industries
Nearly a third of experts believe that the central bank should consider cutting rates
Millennial buyers are feeling optimistic, if not a little overwhelmed about taking the plunge into home ownership.
The post 5 features Millennial buyers are looking for in a new home appeared first on Livabl .
A growing number of millennials are resigning themselves to the fact that homeownership may be out of reach for them, according to a new poll. Nearly three quarters (72%) of millennials say they have a goal of owning a home, but nearly half (46%) admit that goal is a “pipedream,” according to the KPMG Millennials […]
Deck the halls a bit differently this year.
The post 15 Christmas tree themes you’ll want to recreate this holiday season appeared first on Livabl .
While the Canadian housing market has been characterized by consistent price growth over the past few years, a vast majority of home buyers in 2019 held positive viewpoints toward the idea of purchasing a residential property, according to a new nationwide analysis by Canada Mortgage and Housing Corporation.
Overvalued, overbuilt, overheated — all of these terms have been used to describe the potential danger that the Canadian housing market has found itself in at various points over the last few years.
The post Canadian housing is on a healthy streak after 2.5 years in dangerous territory appeared first on Livabl .
It’s ultra-affordable, which means you’ll have plenty of cash leftover for shopping on Black Friday.
The post IKEA’s new VINTERFEST collection is here to get you in the holiday spirit early appeared first on Livabl .
Falling mortgage rates over the course of 2019 have reduced the rate increase shock for those renewing a mortgage. While those renewing a mortgage this year are still locking in at a rate higher than their previous rate, that increase is quickly declining, according to data from the Bank of Canada. “The average household renewing […]
The floodgates have officially opened for Canadian housing market forecasts for the next year.
The post 3 Canadian housing market trends to look out for in 2020 appeared first on Livabl .
A ballroom, forested grounds and quick access to the golf course are a few of the features in some of the most expensive homes currently listed in the Greater Toronto Area.
The post The 5 most expensive homes for sale in the Toronto region right now appeared first on Livabl .
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