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…
When it comes to selling your home, you have to spend money to make money. Land transfer taxes. Lawyer fees. Mortgage discharge costs. But your biggest cost? Likely your real estate agent’s commission. It’s been said that Canadian sellers typically pay between three and seven per cent of their home’s selling price to their real estate agent, …
Buying a home is one of the most exciting yet intimidating things to do. The idea of owning your own place is thrilling, yet the prospect of having a mortgage can terrify even those who are already financial savvy. Read on for our do’s and don’ts when buying a home.
The real estate market is a daunting place to be for the first time, especially in big cities. Skyrocketing home prices and bidding wars make the dream of homeownership seem out of reach for some first-timers – mostly millennials. So, what’s still motivating property virgins to take the home-owning plunge?
High home prices aren’t stopping buyers – new reports find luxury real estate is the fastest growing segment of the Canadian housing market. Read on for our market-by-market breakdown.
You can expect to work with a number of mortgage professionals during the home buying process. Here’s what each pro does, how they can help you, and top questions you should ask.
CREA has revised its forecast for 2015 home prices, as they’re expected to rise even faster than anticipated. What does this mean for prospective buyers looking to own a home in the new year?
2014 may be drawing to a close, but speculation regarding this year’s mortgage market is far from over. Economists and home buyers alike are waiting with baited breath to see if 2015 will usher in change for borrowing costs and the housing market. To better understand the market’s future direction, we’ve looked to the past; read on for the strongest trends seen within the mortgage market in 2014.
Canada’s housing market is overvalued within a range of 10 – 30%, according to the Bank of Canada. What does this mean for home owners and the overall economy? Read on for the full story.
First time home buyers may get all the attention, but it’s actually the senior segment that’s really driving Canada’s hot housing market, according to the CMHC’s 2014 Canadian Housing Observer. Read on to learn more about the report’s insights.