How affordable are homes on the Canadian housing market? This is the question at the top of every mortgage broker and home hunter’s mind. As mortgage rates begin to climb and home prices creep ever higher, industry leaders are keeping a close eye on affordability in an attempt to avoid a bubble. It’s no secret that more and more houses … Read More
We’ve all heard the saying, “It’s the small things that matter most,” but what you might not know is this is also true when it comes to building equity into your home. Whether you’re thinking about selling now or later, it’s never too early to start investing in your home’s potential.
Looks like fewer people are buying into the idea that mortgage rates are going to increase in 2013. This according to a studying by CIBC released in mid-March. The study showed that almost half (46 percent) of Canadian homebuyers believe that the near-record low mortgage rates of today are going to stick around for at least another 12 months. That’s … Read More
A lot has been said about Thursday’s budget announcement. From Flaherty’s shoe selection to a vague job-training program, many Canadian’s were left slightly confused following the much-anticipated announcement. With that being said, Flaherty’s eighth (and potentially final) budget announcement could have been worse, especially for the mortgage industry. Thursday’s budget included a tightening of controls on mortgage lending once again, … Read More
Investing in property has long been a great way to diversify your portfolio and improve your long term returns. Unfortunately, recent rule changes have changed the playing field for many potential real estate investors. While buyers used to be able to purchase an investment property with very little down and still receive a great rate, current hiccups in the market … Read More