Real Estate Success Secrets

Real estate success secrets you should know.

Whether you’re scraping together savings for your first home, or contemplating your next move in the market, Canadian real estate can be a tad… overwhelming. This week, we’ve touched on some of your biggest home buying questions, from saving for a second home, down payment loopholes, and even buying property out of the country.

Read on for our full coverage, plus the week’s top headlines.

Can I Still Get a “Zero Down” Mortgage With a Credit Union?

By law, every homebuyer must make a minimum 5% down payment on their new home purchase when taking out a mortgage from a federally regulated lender (think the 5 big banks). But what about credit unions, which are regulated provincially?

The truth is, zero-down mortgages do still exist at some of these lenders. But is it ever a good idea to get one?

Read Allan’s Blog | Can I Still Get a “Zero Down” Mortgage With a Credit Union?

Why Your Starter Home May Be Your Only Home

The traditional way into the housing market is to start small, build equity, and move on up to a bigger and better home later on. But a recent CIBC study titled Staying Put finds first time buyers have little room to grow, as mid-and-high-priced homes spike in value.

Will you be stuck in your starter home? Read on for ways to cope with a rapidly heating market.

Read Allan’s Blog: Why a Starter Home May Be Your Only Home

INFOGRAPHIC: Canadians Top Foreign Investors in U.S. Real Estate

Rising Canadian home prices have left many homeowners with more equity than expected – and they’re taking that new-found wealth south of the border. In fact, Canadians bought a whopping $13.8 billion in American real estate last year.

While buying in the U.S. is currently a great deal, it does come with its challenges. Here’s what you need to know.

Read the Housing Block’s Blog: Canadians Top Foreign Investors in U.S. Real Estate

Are We Ready for the End of QE?

QE, the economic support system put in place by the U.S. Fed post-recession, is on track to end in October. Will this result in a market shakeup? Will interest rates rise in the U.S. – and in Canada – as a result? Read on to find out.

Read Rubina’s Blog | Are We Ready for the End of QE?

The Daycare Dilemma for Immigrants

Finding the right daycare is like solving the Rubik’s cube: it’s a challenge to find a combination of reliability, safety, convenience and affordability. It’s a struggle MoneyWise writer Pracheer understands all too well, as he and his wife search for a daycare for their three-month-old son. Read on for his tips on accessing government funding for daycare costs.

Read Pracheer’s Blog | The Daycare Dilemma for Immigrants

Income Splitting Would Cost Provinces $1.7 Billion Each Year

With a federal election and balanced national budget looming, the spotlight is once again the on the possibility of income splitting, a tax measure designed to benefit families with kids under the age of 18. However, a new study finds income splitting will be costly to the provinces – a $1.7-billion annual price tag, to be exact.

Read Sean’s Blog: Income Splitting Would Cost Provinces

This Week’s #RSMWIN!

This week, we asked our Twitter followers:

Do today’s low interest rates discourage you from saving?

37%: NO

63%: YES

Feeling the pinch from today’s low savings interest rates? Try optimizing your earnings with a GIC or High Interest Savings Account.

Want your chance to WIN a $25 gift card? Answer this week’s #RSMWIN Q:

Do you think central interest rates will rise next year?

Tweet your answer to @RateSupermarket with #RSMWin to enter for a $25 gift card!

Related Topics

Mortgage News / Mortgages

Leave a Reply