A common mistake made by first time home buyers is underestimating the additional costs of owning a home compared to renting – which can be an additional 40 per cent higher than mortgage payments alone.
Will this year’s spring mortgage market be as robust as in the past? The concern is that our balancing housing market will continue to be slower than usual. Let’s break down the factors affecting current rates and selling conditions.
You may have heard of the Ontario couple looking to sell their home as the prize of an essay contest. While it’s a refreshing take on the housing market, could there be hidden costs for the winner?
Headlines this week call for a “flat lining” housing market in 2013 – yet CAAMP’s recent report shows Canadian home owners remain optimistic about their mortgage. Will this positive sentiment impact the market over time?
It’s a brand new year – but is your money management plan more of the same old? This year, make a resolution to improve your financial standing – and actually keep it with the help of our tips!
What does 2013 hold for the Canadian mortgage market? Will softening prices create an accessible market, or is affordability to remain out of reach for many would-be buyers?
A BMO study found that 41% of Boomers plan to sell their home to fund their retirement plan. However, should this growing segment choose to sell all at the same time, a hazard is posed to housing market supply and demand.
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?
How will StatCan’s revised debt to income ratio numbers affect Canada’s mortgage market? Are borrowers increasingly vulnerable to rate hikes?
Canada’s debt to income ratio and subsequent household debt is far higher than previously thought, on par with those that sparked the US and UK economic downturn and housing market crisis.