CREA says the number of homes sold in September increased, but there was an 11% decline year-over-year. Average Canadian home prices increased to $487,000, an increase by…
Wondering how to flip a house? It might seem like a lucrative venture, but there are costly pitfalls to be avoided. Read on for our top flipping dos and don’ts.
Choosing your mortgage amortization is an important decision – a long amortization provides security and time to save, while a short one will have you debt-free faster.
Should you pay your RRSP or the mortgage? It’s a question facing all Canadian investors. We’ve crunched the numbers from the past 15 years to find the real payoff.
Canada’s economic stance is one of caution, as risk of a recession looms globally and action pends on the U.S. fiscal cliff. As a result, there is no anticipated end to stimulus efforts on the home front, with mortgage rates remaining unchanged for the coming month.
Finance Minister Jim Flaherty stated plans this week for the eventual privatization of the CMHC. Would would this mean for the mortgage market and borrowers?
The latest Bank of Canada rate announcement has been released, and while interest rates and stimulus measures remain consistent, future economic expectations are cautiously optimistic.
It may be tempting to put off a bill payment, but it comes at the cost of late payment fees and interest – and will stick around on your credit score.
Slight gains are being witnessed in the Canadian housing market for the first time since August – and they could be a sign that real estate is slowly starting to recover from CMHC’s mortgage rule change bomb earlier this summer.
It’s been a week of updates from the real estate boards of Toronto and Vancouver. Let’s take a look at the current conditions in Canada’s two largest markets, which may be a good indicator of where Canada’s market (and mortgage rates) are headed.