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

Should You Invest in Real Estate?, Financial Tips, First Time Home Owner, General Interest, Household Budget, Investment Property, Mortgage News, Property Maintenance, Real Estate Advice

Does the thought of investing in real estate appeal to you? Well, now could be the perfect time to take the leap into the rental investment arena. The continued strength of the nation’s real estate market, along with the expectation that interest rates will remain low, should provide plenty of appeal for investors looking to ramp up their real estate … Read More

Housing Starts Not Bad in September, Financial Tips, General Interest, Household Budget, Mortgage News, Mortgage Types, Residential Mortgages

September’s housing starts fell less than originally expected says the Canada Mortgage and Housing Corp. Housing data released on Tuesday showed that housing starts fell to a seasonally adjusted annualized rate of 220,215 units last month. This was down from 225,328 units in August, but was still well above the predicted drop to 207,50o, according to poll of analysts from … 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

Bank Holds Overnight Rate at One Percent, Financial Tips, General Interest, Household Budget, Housing Costs, Mortgage News, Residential Mortgages

The overnight rate held steady yesterday as the Bank of Canada announced that it would maintain its traget of 1 percent. This leaves the prime lending rate at 3 percent. It’s now been more than two years since the prime rate has increased, giving variable rate mortgage holders the upper hand on higher interest costs.