Canadian families are shrinking – but the demand for home space isn’t. Despite the average family having 2.5 members, single detached homes, and not condos, continue to be the hottest sought after type of housing.
Finance news 2013: From the Bank of Canada rate to BlackBerry, it has been a rollercoaster for Canadian finance news. Check out our top 5 headlines of the year.
After months of speculation and market fluctuations, the U.S. Federal Reserve announced this week plans to finally “taper” their bond buying program, which contributes $85 billion to the economy monthly. Here’s what that means for interest rates, and how the Canadian cost of borrowing will be affected.
Is it ever a good idea to take a mortgage payment vacation? Such an option can come in handy in financial emergencies – but will actually cost homeowners more in the long run due to additional accrued interest. Here’s what you need to know about this option and when you should – and shouldn’t use it.
CMHC default insurance is mandatory for all home buyers paying less than 20 per cent on their home purchase. But are these mandatory premiums priced too high? A new petition is challenging the CMHC’s profit margins, arguing it’s time to give first time home buyers a break.
What will $350,000 get you in the Canadian house market? We break down condo affordability in four major cities.
Mortgages Spotlight: U.S. uncertainty drives investors to safe haven government of Canada bonds, driving yields and fixed mortgage rates moderately lower.
Mortgages Spotlight: CREA updates forecast due to strong sales, Canadian debt-to-income ratios continue to grow and a lack of US Fed tapering could lead to lower rates.
Mortgages spotlight: Sales demand remains strong throughout every market except condos, due to decreased first time segment.
The 2.77% mortgage rate is back! Butler unveiled their record low rate once again on Friday. Will more lenders follow suit with record breaking lows?