In the last blog, Canadians believe that buying a home is a great investment – Part 1, we discussed some of the factors as to why Canadian homebuyers are thinking more about smart home investing and careful financial planning. According to a Canada-wide survey commissioned by Genworth Canada, homebuyers are working harder and making larger [...]
According to a Canada-wide survey commissioned by Genworth Canada, homebuyers are working harder and for a longer period to save for a down payment; though many remain confident in buying a home as a long-term investment, according to the national poll surveying Canadians about their financial well-being and preparedness. "Despite tighter mortgage qualification criteria over [...]
Overview Housing starts to remain stable in 2014 and 2015 2014 187,300 2015 184,900 MLS® sales to rebound in 2014 and increase slightly in 2015 2014 466,500 2015 474,700 *The outlook is subject to uncertainty. Although point forecasts are presented in this publication, CMHC also presents forecast ranges and risks where appropriate. The forecasts included in this document reflect information available as of January 22, 2014. *Multiple Listing Service® (MLS®) is a registered trademark owned by the Canadian [...]
If this is the year in which you resolved to buy your first house, you're about to enter a period in your life that is both exciting and nerve-wracking. With so many factors to consider before you sign the dotted line, the financial experts from Desjardins Group have some tips and suggestions to help get [...]
BMO went National last night with their offer of a 5 year FIXED 2.99%. The lowest on record for the first quarter of 2014. People are raging of a modern "mortgage war". However, will other chartered banks come down to BMO's level of offerings? I say no, and here is why: You will see below [...]
March is Fraud Prevention Month. Canada Mortgage and Housing Corporation (CMHC) has consistently been a leader in the fight against mortgage fraud and offers the following tips to protect yourself against becoming a victim of mortgage fraud. Misrepresentation of Information Mortgage fraud occurs when someone deliberately misrepresents information in order to obtain mortgage financing that would [...]
Looking to increase your homes property value? Here are five of the best renovations you can do to your home to increase property value. These five renovations can sometimes have a return on investment 5-6x what they cost. #5 Flooring Flooring is one of the most important aspects of your house. You will see an [...]
Courtesy of General Awnings. Thank General Awnings for the great Home Renovations Tips!
The Good. Is your credit history not great? Did you just move to Canada? No downpayment? A Rent to own might just be the solution for you to start building equity into the property you live in. With that said though you must NOT get involved in a lease 2 purchase contract emotionally. Just you because [...]
