Ok, your buying your home, you have applied for a mortgage and you have been pre-approved!
Category: Mortgage Industry
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.
Halifax, in particular, enjoyed generous market gains
Despite what you may have heard, your cell phone payment history does affect your credit score.
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 […]
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.
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 .
There’s light at the end of the renovation tunnel.
The post 10 home improvement projects that make homeowners happier appeared first on Livabl .
Rest in peace, kitchen work triangle. You had a good run!
The post The kitchen work triangle is dead — lay out your kitchen by zones instead appeared first on Livabl .
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.
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.
Buying a home can be stressful, especially for those who are new to the process, but the positives of homebuying and having a mortgage are also clear.
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.
NEWSLETTER SIGN UP
- Office:141 Torbay Road, NL
- Direct:(709) 770-9194
- Fax:(709) 754-0466