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Spotlight On Mortgages: December 13, 2013
Despite all efforts to cap Canada’s housing market, home buyers are breaking records as average sales and home prices hit a five-year high in 2013. The 2014 Remax Canadian Housing Market Outlook found...
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Spotlight On Mortgages: December 20, 2013
Homeowners are increasingly taking control of their home financing options – and are enjoying savings as a result – according to the comprehensive housing market report released by CMHC this...
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Spotlight On Mortgages: A Global Recovery In 2014?
Big things are in store for the global economy – and interest rates – in 2014, according to economists. The World Bank released their semi-annual Global Economic Prospects report Tuesday, announcing a...
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Spotlight On Mortgages: Will The Rate Wars Start Early This Year?
It’s been a good week for mortgage shoppers seeking a discount – several of the big banks have chopped 10 basis points or more off their most popular fixed rate offerings. RBC led the pack, covertly...
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Senior Home Buyers Are Fuelling the Market: CMHC
In addition to providing mortgage insurance for homeowners with less than 20 per cent for a down payment, one of the Canada Mortgage and Housing Corporation’s (CHMC) roles is to monitor and analyze...
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Canadian Housing Market Could Be 30% Overvalued: Bank of Canada
Canadian home prices could be overvalued by as much as 30 per cent, according to the most recent report from the Bank of Canada. In the central bank’s bi-annual December Financial System Review,...
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2014 Mortgage Trends in Canada: A Year in Review
2014 may be drawing to a close, but speculation regarding this year’s mortgage market is far from over. Economists and home buyers alike are waiting with baited breath to see if 2015 will usher in...
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CREA Predicts 2015 Home Prices to Keep Rising
Six years ago if someone had told me Canada’s housing market would still be on a bull run in 2015, I would have called him or her crazy. Well, here we are; six years after the financial crisis that...
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The Perfect Pro: Your Guide to Working with Mortgage Professionals
Embarking on a home purchase? It’s time to put together your dream team. Connecting with a real estate agent is step one for many prospective buyers, but there are a number of pros you’ll need to...
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Real Estate Commissions by Province
When it comes to selling your home, you have to spend money to make money. Land transfer taxes. Lawyer fees. Mortgage discharge costs. But your biggest cost? Likely your real estate agent’s...
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Luxury Real Estate is Fastest Growing Canadian Market
While, for the most part, Canada’s housing stock continues to increase in value, the luxury market is particularly hot. Realtor Sotheby’s International Realty Canada reports that homes worth...
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Property Virgins Scared into Rushing Their Purchase
The real estate market is a daunting place to be for the first time, especially in big cities. It’s no secret that buying a home in Toronto and Vancouver can be expensive. The average price for a...
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The Do’s and Don’ts When Buying a Home
Buying a home is one of the most exciting yet intimidating things to do. The idea of owning your own place is thrilling, yet the prospect of having a mortgage can terrify even those who are already...
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Canada Housing Market Update: Sales Drop, Some Mortgage Rates Increase
Last month we reported that Canadian real estate sales slipped slightly, yet prices had increased. The Canadian Real Estate Association (CREA) just released their May numbers and let’s just say things...
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Housing Market Update: National Sales Are Up Again
After a slowdown earlier in the year, real estate is seemingly on the rise, if only slightly. According to the Canadian Real Estate Association (CREA), there was an increase in the number of homes...
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Deferring Your Mortgage Could Cost You More Down the Road
Well over 700,000 Canadian homeowners have now taken advantage of various mortgage payment deferral programs offered by most mortgage lenders. It’s no wonder there’s been so much demand, considering...
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