Stop Worrying About The Housing Market

EditorFinancial Tips, General Interest, Home Insurance, Household Budget, Mortgage Down Payment, Mortgage News, Mortgage Term, Residential Mortgages

It’s no secret that the Canadian housing market has been a bit volatile as of late. In certain portions of the country, prices are hot, hot, hot. Price bidding is common in Vancouver, and Toronto and Montreal are both posting record sales numbers. And yet, everywhere you look, experts keep warning of an impending bubble. So, what’s the deal? Is … Read More

What if the Government Didn’t Back Mortgages?

EditorFamilyLending.ca, First Time Home Owner, Home Insurance, Housing Costs, Investment Property, Mortgage Down Payment, Mortgage Insurance, Mortgage News, Real Estate Advice, Residential Mortgages

Saving for a down payment on a home takes dedication,┬áperseverance, and sacrifice. For many, it also takes a long, long time. According to a recent report from Rate Supermarket, come 2020 the average cost of a home in Canada will be $553,000. To accumulate a measly 5 percent down payment for such a home, recent graduates should expect to spend … Read More

What To Do When Housing Prices Fall

EditorFinancial Tips, First Time Home Owner, Home Insurance, Household Budget, Housing Costs, Mortgage Down Payment, Mortgage News, Real Estate Advice, Residential Mortgages

It appears as though the seemingly infinite rise of Canadian housing prices has finally come to an end. After years of marvelling at record breaking list prices and historically low mortgage rates, the tides have finally shifted. Phrases like “cooling market” and “slow sales” are gracing national headlines, causing buyers and sellers alike to contemplate the repercussions. If we’re to … Read More

Buyers Showing Caution, Bank Keeps Rates Low

EditorGeneral Interest, Home Insurance, Housing Costs, Mortgage Down Payment, Mortgage News, Mortgage Term, Mortgage Types, Residential Mortgages

The Bank of Canada held its ground today, leaving the overnight lending rate unchanged at 1 percent. While the move was expected (the rate has been locked at this near-historic rate since September of 2010), the tone of the announcement was far less confident than previous press conferences. The Bank’s release explained how a global economic slowdown is impacting Canada’s … Read More