The average detached homes price topped $1 million in Toronto last month, as affordability is fueled by record low mortgage rates. What does this mean for buyers trying to break into the market?
Mortgages Spotlight: TREB reports a spike in Toronto housing prices despite a downturn in units sold year over year.
There seems to be a lot of confusion out there among current homeowners over their Home Equity Line of Credit (HELOC) options: what exactly are they and when should they be used? While you may be familiar with the idea of tapping into your home’s equity in a pinch, the truth is that a HELOC …
According to a recent study by the Economist, Canada’s mortgage and housing market is overvalued by 78%! What does this mean for buyers?
Last year, the Canadian mortgage market experienced more ups and downs than a roller coaster. However, activity is expected to moderate into the new year – good news as a market crash seems increasingly improbable.
With Christmas and the supposed apocalypse now behind us, and a brand new year just around the corner, what could be a better time to do a Round Up of the biggest mortgage moments of 2012? This week, let’s take a look at the current state of the Canadian mortgage market, crunch the stats, and …
What are the best finance blogs? Choose your favourite personal finance resources in RateSupermarket.ca’s Best of Finance Awards 2012!
The latest industry numbers from CREA and TREB are out this week, and they all point to a cooling housing and mortgage market across Canada.