The minimum home down payment has been increased to 10% from 5% on homes priced over $500,000. What does this mean for buyers? Read on to find out .
With home prices steadily rising in Canada, many existing home owners are choosing to stay put and improve their homes with renos – two new reports find home renos will be a big contributor to the economy next year.
Canadian home buyers are doing a better job of paying off their mortgages, reports the CMHC’s Q3 update. The average credit score of borrowers is also improving – read on for the full story.
The results are in from the CMHC 2015 First-Time Homebuyers Survey. Read on to see the top trends facing those trying to break into Canada’s housing market.
The CMHC has released its latest forecast for home sales in Canada, and they foresee a downtown in our red-hot market. However, one economist calls into question red flags raised over the condo market, saying the data doesn’t paint the full picture. Here’s what buyers and owners should know.
CMHC August housing starts exceeded expectation, surging 12% – a high not seen since 2012. Read on to learn more about the factors driving home sales.
Foreign real estate investment is a point of contention for expensive markets like Vancouver, where locals allege prices are driven excessively high by buyers who don’t even reside in the city. Now, the Conservative government has made a re-election promise to address the issue – but at what cost?
Good news for prospective home buyers and landlords: the CMHC has announced that 100% of profit from an income suite can be used toward your mortgage qualification, Previously, only 50% was allowed. Read on to see how this can affect your home financing.
A recent report from the C.D. Howe Institute finds Canada needs a $9-billion emergency fund to cover a potential housing crash. Here’s what you need to know about the think tank’s findings, and whether homeowners and borrowers should be concerned.
Buying real estate is becoming increasingly tougher for the average Canadian. What can first time and repeat buyers do to increase their chances of homeownership? Get the full story and this week’s top housing headlines.