Population, economic and employment growth all point to a stabilizing of the Canadian condominium market, according to the latest Conference Board of Canada condo report commissioned by Genworth Canada. The Summer 2014 Metropolitan Condo Outlook forecasts that while pockets of higher risk still exist in Toronto and Vancouver, a broad-based downturn is unlikely. “The report [...]
According to the latest statistics from StatsCan, contractors took out building permits worth $8.0 billion in June, up 13.5% from May. The June increase was mainly due to higher construction intentions for institutional and industrial buildings in Quebec and commercial buildings in Alberta. In the residential sector, the value of permits edged up 0.4% to [...]
A recent survey of high net worth Canadians, those with investable assets of $500,000 or more, reveals that for this group, having a mortgage may be a considered and deliberate investment strategy. Sixty-seven per cent of those who have a mortgage indicated they have the cash available to pay for their home in-full. "The notion [...]
Low interest rates stimulate home purchase, mortgage debt reduction, optimism Canadians are reducing their mortgages by negotiating lower interest rates, making lump sum pre-payments and repaying their mortgages at, on average, two-thirds of their contracted amortization periods. This has created an attractive landscape for new homeowners, as historically low interest rates have attracted increasing numbers [...]
The Canadian mortgage market rests in a delicate balance: CAAMP Housing activity high in three major markets; while most of Canada experiences slowdown First time home buyers continue to enter the Canadian housing market in substantial numbers, encouraged by low interest rates and acting in response to their own favourable economic circumstances, according to the [...]
Housing starts in Canada were trending at 183,515 units in April compared to 184,602 in March, according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts. “In April, the trend in housing starts was essentially stable at 183,515 units. [...]
Borrowed Down Payment At Genworth Canada, they understand that sometimes saving the required down payment for a new home can be challenging. Genworth Canada Cashback Equity/ Borrowed Down Payment mortgage insurance program helps make it possible for you to start building equity in your own home without having to save for years. Acceptable Loan [...]
It would seem that regulators want to dissuade Canadians from buying homes with nothing down. Yet despite all of the recent changes, buyers can still get into the real estate market with little cash on hand. Ottawa did away with Canada Mortgage and Housing Corp .-insured 100 per cent financing back in 2008. Home buyers with few [...]
The sign topper every Realtor needs. For free! View this email in your browser Purchase Plus Improvements The Verico Finex Purchase Plus Improvements Plan will provide the buyer of your listing with up to $40,000 to customize your listing to their taste! Imagine this common problem. A purchaser find what appears to be [...]
There are many factors as to why Canadian homebuyers are thinking more about smart home investing and careful financial planning -As discussed on our previous blogs,Canadians believe that buying a home is a great investment – Part 1 & 2. Based on the Canada-wide survey commissioned by Genworth Canada, homebuyers are working harder and making [...]
