The Canada Mortgage and Housing Corporation released its second quarter housing market outlook today, stating that housing starts will likely moderate by the end of the year. While the market has remained hot through the first half of 2012, the Housing Corp. believes that both new and existing home market activity will eventually slow and even out. Housing starts are … Read More
Retirement and Risky Real Estate
It’s hard to think about decreasing property values when listing prices are through the roof, but failure to understand and plan for the inevitable “bubble” burst could leave you high and dry, especially if you’re rounding the bend on retirement. According to Ben Rabidoux, a correspondent for the Globe and Mail, the next decade will likely be one of the … Read More
Low Mortgage Rates = False Sense of Security?
Historically low interest rates are making it easier for Canadians to enter the real estate market. Why continue to rent when a mortgage payment could be less than your current monthly lease? If you’re considering the here and now, buying makes perfect sense. With the help of a seasoned mortgage broker, you can easily secure a best rate mortgage that’s … Read More
Do You Know What a Property Disclosure Statement Is?
It’s standard practice for home sellers to freshen up their property prior to listing it on the market. A fresh coat of paint, new floors, or new light fixtures increase the value and marketability of a home. But sometimes these seemingly honest updates are done with the intentions of covering something up. That’s why it’s crucial for homebuyers to always … Read More
Housing Types
From townhouses to triplexes, there are numerous types of properties available to Canadian consumers. Not sure what layout works best for your family? Then check out our explanation of typical housing types below. Your mortgage payments and regular monthly bills may change depending on the kind of house you acquire, therefore it is vital that you carefully weigh the pros … Read More