What is the most affordable housing market in Canada? We break down buying conditions in each province to assess where you’ll get the most for those hard earned housing dollars.
ATB is offering a 3% rate on their HELOCs – the lowest rate in Canada! Available in Alberta until May 31, this makes it more affordable for home owners to access their equity – but is it a good idea to take out a loan when national interest rates are low?
On the house hunt? Good news – buyers’ market conditions may be on the way as home prices continue to soften across the country.
When it comes to personal finance, Canadians are know-it-alls. Or at least they think they are, according to the RBC Canadian Consumer Outlook survey. On a national scale, 70 per cent of Canadians rate their own financial knowledge as “excellent / good”, while another 65 per cent think the average Canadian’s ranks as “not very good” when it comes to financial know-how.
The province you reside in can make a big difference when it comes to buying a home. A Housing Trends and Affordability report by RBC sheds more light on on what potential buyers and current homeowners can afford, based on their income, mortgage payments and property taxes.
Canadians are feeling much more confident about their jobs. A BMO poll shows that optimism is up by 11 per cent regarding company expansion, opportunities for promotion and increasing expectations for pay raises.
Earlier this week, we couldn’t believe our eyes when we saw the already ground-level 5 year fixed mortgage rate drop to a record of 2.94% in Ontario. Taking into account the roller coaster nature of these rates, we wondered: how long could this rate stay around? And could it go even lower? Our musings were answered today as rates dipped even lower to 2.89% – and this time, more provinces are getting in on the action.
Welcome to life post-grad – and the Canadian job market. The time has come to put those hard-earned smarts to work – and start to receive a pay cheque. But what chance do new job seekers have given the current state of the global and national economy – and the seeming scarcity of entry-level positions? The trick is knowing where to look. Some Canadian sectors are seeing a resurgence – and in some provinces, the more, the merrier.