CREA says the number of homes sold in September increased, but there was an 11% decline year-over-year. Average Canadian home prices increased to $487,000, an increase by…
No matter your circumstance, an offer on a house is a legal contract. And by walking away from it, you could lose your initial deposit, or even be sued. But what if the appraisal value from your lender came in lower than expected? Or if your house is taking a long time to sell?
The Office of the Superintendent of Financial Institutions (OSFI) is proposing stricter rules on uninsured mortgages that could have an even more profound effect on the housing market. Will house prices decrease? Will there be less competition?
Last month we reported that Canadian real estate sales slipped slightly, yet prices had increased. The Canadian Real Estate Association (CREA) just released their May numbers and let’s just say things have escalated quickly. The Toronto region saw sales drop 25.3…
It’s been a busy year for the mortgage market. Check out the top mortgage moments of 2015 – and how they impacted consumers – in this handy infographic.
It seems each week, there’s a new headline pointing to what Canadians should fear for their finances. Now, the Bank of Canada has chimed in with new warnings for the housing market, which has again surpassed the price of oil as our greatest economic risk.
It’s a tough time of year to be a home buyer – May and June are the most competitive months in the real estate market. Here’s what you need to know.
Rental housing in Canada is experiencing a boom, as developers realize those priced out of the housing market want high-quality, inexpensive options.
Are you a fraud target? This week on MoneyWise we share the top tips for keeping your finances safe, and away from fraudster-free.
There are fresh international warnings targeting Canada’s housing market. The International Monetary Fund has stated Canada’s market is overheated by 20%, while Stats Can finds average debt levels hit new highs.