Changing First Time Homebuyers Demographics

familylendingFamilyLending.ca, Financial Tips, First Time Home Owner, General Interest, Housing Costs, Property Maintenance, Residential Mortgages

The demographics of first time homebuyers has noticed a considerable change in the past few years. Specifically, more single ladies are able to obtain property by building up their own personal equity and with significantly less focus on holding out to find a life companion. This means that, more single ladies are stepping into homeownership than have been in earlier … Read More

Home Prices Rise for Second Consecutive Month: Teranet

familylendingFirst Time Home Owner, Housing Costs, Investment Property

  According to the latest numbers the correction of housing prices late in 2010 seems to have been a short-lived phenomenon, as for the second consecutive month prices increased overall in four of six Canadian metropolitan markets.  Canadian home prices in January were up 0.4 per cent from the previous month, according to the Teranet–National Bank National Composite House Price … Read More

February 2011 Housing Starts

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  CMHC annouced today:“The seasonally adjusted annual rate of housing starts was 181,900 units in February, according to Canada Mortgage and Housing Corporation (CMHC). This is up from 170,600 units in January 2011.“Housing starts moved higher in February because of increases in Ontario and the Prairies,” said Bob Dugan, Chief Economist at CMHC’s Market Analysis Centre. “The bulk of this … Read More