The saga of the Trump Tower investors are heating up the headlines – but how does this relate to you average condo buyer? Misleading sales tactics, backed up builder schedules and unpredictable fees can all cause mortgage financing problems. Read our checklist of the top condo buying pitfalls.
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Is it just me, or are finance headlines a little… emotionally unbalanced these days? One day you’ve got dire warnings on debt levels, followed the next by cautiously optimistic hope of economic recovery. It’s no wonder readers are confused. For example, take this gem of a headline, which ran Monday in the Financial Post: Tighter …
A poll conducted by Reuters on the mortgage and housing market shows we may be in for a 10% decline – but that the downward activity will be healthy economic activity.
The CMHC has forecasted that housing starts are to take a dip in 2013, and that mortgage rates will remain historically low. How does this bode for buyers entering the market?
A BMO study found that 41% of Boomers plan to sell their home to fund their retirement plan. However, should this growing segment choose to sell all at the same time, a hazard is posed to housing market supply and demand.
Finance Minister Jim Flaherty stated plans this week for the eventual privatization of the CMHC. Would would this mean for the mortgage market and borrowers?
How will StatCan’s revised debt to income ratio numbers affect Canada’s mortgage market? Are borrowers increasingly vulnerable to rate hikes?
The good news is that more Canadians are debt-free and the average debt load of those living in debt hasn’t really increased over the last year. There seems to be a little more anxiety felt by those in debt and 51 per cent of respondents have prioritized paying down their debt over saving and investing in their future.
It’s been a week of updates from the real estate boards of Toronto and Vancouver. Let’s take a look at the current conditions in Canada’s two largest markets, which may be a good indicator of where Canada’s market (and mortgage rates) are headed.
Each week there seems to be another release surrounding the fate of the Canadian real estate market … is there a bubble and will it burst? And what about those CMHC changes and the hurdle that first time home buyers are faced with?