You’ve had it with your roommates and you’ve had it with paying rent. You’re ready to move out and you’re seriously considering taking the leap into homeownership. But just because you want to buy a home, doesn’t mean you should. Before you start planning your housewarming party, take a minute to sit down and consider everything that comes along with … Read More
Your Down Payment Affects… Everything
It doesn’t matter how you approach the task of house hunting, eventually, you’ll end up taking a good, long look at your savings. Why? Because determining how much money you have available for a down payment on your home will affect just about every aspect of the home buying decision. From the housing type, to the mortgage rate, even how … Read More
How to Buy a Foreclosed Home
It’s no secret that foreclosures have rocked the American real estate market over the past five years, but what about the Canadian real estate scene? While our major housing markets have faired better than that of our neighbour, there are still many foreclosed properties available across the country. First time home buyers and investors alike are jumping at the chance … Read More
Consumers paying more for home insurance but mortgage interest costs decreased in Aug
The Consumer Price Index (CPI) rose 3.1% in the 12 months to August, mainly as a result of higher prices for gasoline and food purchased from stores. This follows increases of 2.7% in July and 3.1% in June. On a seasonally adjusted monthly basis, consumer prices rose 0.3% in August. The 0.4 percentage point difference between the year-over-year increases posted in August and July was mainly the result … 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