As Canadian housing prices continue their rising trend, it’s no surprise that homeowners want the most out of their investment. And, while house flipping shows make value-adding renos seem a breeze, such projects aren’t always necessary – and some can even hurt the value of your home. Here, our friends from The Housing Block share tips on whether you really need those renos.
The June outlook has been released by RateSupermarket.ca’s expert panel, and an increase is anticipated for fixed mortgage rates.
Mortgages Spotlight: TREB reports a spike in Toronto housing prices despite a downturn in units sold year over year.
The latest Q1 2013 report from CMHC shows a 54% in insured mortgages compared to March of 2012. Last summer’s mortgage rules are a contributing factor, as fewer buyers qualify for financing, and are choosing to save longer for their home down payments.
Mortgages spotlight: This week, outgoing Bank of Canada governor Mark Carney made his last rate announcement, and incoming Stephen Poloz prepares for Canada’s economic challenges.
The latest report from CAAMP on mortgages shows recent rule changes are having an adverse impact on housing starts.
Change may be in store for amortizations on low ratio mortgages. How would additional borrowing restrictions further impact the Canadian housing market?
New stats for starts suggest the Canadian mortgage market is in for a period of moderation, especially in once-hot urban condo markets. What does this mean for new home buyers?
This week’s Mortgages spotlight – housing starts decline across Canada in April, and condo developers face a credit crunch of their own.
The May edition of the Mortgage Rate Outlook Panel has arrived, and experts are calling for continued stability for both fixed and variable mortgage rates.