The Challenges of Buying a House in Toronto
Buying A Home / Mortgage News / Mortgages

The Challenges of Buying a House in Toronto

Rounding up our Regional Real Estate series, we take a look at Toronto’s housing market. For most first time home buyers, a downtown condo poses as a good starter option – but you’ll be hard pressed to find a single family home within the 416. The Big Smoke also poses significant challenges for those looking to buy for the first time – when you factor in high unemployment and level of debt, buying is often ruled out altogether. A predicted price drop, however, could change everything. Continue reading »

Friday Mortgage Round Up: May 25th, 2012
Mortgage News / Mortgages

Friday Mortgage Round Up: May 25th, 2012

Canadian real estate developments have been getting a lot of attention from foreign investors lately. Considering how affordable developments here seem compared to those in Paris or London, it’s no wonder the Land of the Brave is seen as a safe haven. But does this spell trouble for Canada’s housing market? Is jacked-up inflation feeding a potential housing bubble? And will it cause Canada to follow in Australia’s footsteps and prohibit purchases from abroad? Continue reading »

Condos in Canada: Is the Bubble a Myth?
Buying A Home / Mortgage News / Mortgages

Condos in Canada: Is the Bubble a Myth?

Despite what all the real estate market pessimists might say in my opinion there is no condominium bubble in Canada. All signs point to Canada’s real estate market remaining strong for this year and well into the rest of the decade. In most major urban centers the average resale price is at historic highs. This indicates an even greater need for condominiums, which are often seen as a more cost effective alternative to single family homes. Here are the major reasons that debunk any theory that Canadian condominium prices are bubbling. Continue reading »