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

Canadians Save by Renewing, Renegotiating Mortgages With Brokers

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  The Mortgage Broker channel in Canada is highly competitive. Research shows that consumers recently renewing their mortgages with Mortgage Brokers came out way ahead of those renewing with other channels.Maritz Research Canada recently conducted a study of 2,000 Canadians. The study focused on Canadians’ opinions of the mortgage industry and specific feedback on their mortgages and experiences with mortgage … Read More

Here Is A Method That Is Helping Home Owners Save Thousands On Their Mortgage

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There is an age old debate that exists in the mortgage industry.  This debate is centered on what entity is the best mortgage provider.  Some argue that it is the major banks that are the best option, while others are convinced that the mortgage broker industry is the best bet.   The reality is that the average person has limited … Read More

Steps For Home Buyers to Consider …

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    Step 1: Get Preapproved! The first step in the home buying process is to take a moment to get the preapproval from a lender of your choice. This can save you hours of searching for properties that do not suit your budget, or what are even more painful, purchasing a home then discovering you are not eligible for … 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