NEWS
Homeownership is still affordable for singles in the Prairies and Atlantic Canada
Affording a home in some of Canada’s major housing markets can take what seems like a herculean effort, even for households with two typical incomes. ...more 
5 essential finance tips that every first-time homebuyer should know
The buying process might appear straightforward to any first-time buyer— you find the house you love, sign on the dotted line and get the keys. But prior to those months of browsing MLS and late-night offer negotiations, are months —even years— of carefully coordinated financial planning, budgeting and discipline....more 
Canada considers applying mortgage stress test rules to private lenders, sources say
Canada is considering subjecting private lenders to the same mortgage stress test rules faced by banks to prevent housing markets from being destabilized by the lenders’ rapid growth, three sources with direct knowledge of the matter said....more 
3 reasons high household debt in Canada won’t contribute to a US-style housing crash
By one measure, conditions in Canada are reminiscent of those present in the US right before a stateside housing bubble burst, yet a repeat performance to the north is unlikely....more 
The problem with the Canadian government’s mortgage stress test
On a recent segment of BNN Bloomberg, Toronto realtor John Pasalis voiced support for extended mortgage stress testing nearly a year to the day after the federal government introduced it....more 
Mortgage stress test takes a toll on Toronto renters, too
Mortgage stress tests aren’t just affecting would-be homebuyers in Canada. Renters, even those with no intention of buying any time soon, are facing increasing rents in Toronto as a result of the federal policy, a popular real estate analyst suggests....more 
Money for Life: Should my bonus go to the mortgage or RRSP?
Q: My husband and I recently bought a new house in Stoney Creek, and my employer has just paid me a nice bonus for this past year. Should I use the extra cash to pay down our mortgage or should I put it in my RRSP? I don't want us to just spend it....more 
Lower interest rates by the end of 2019? This economist thinks Canadians should expect rates to take a dive
Not everyone is on the same page when it comes to where mortgage rates in Canada are headed....more 
Central bank holds rate amid oil slump; casts doubt on future hikes
The Bank of Canada left its trend-setting interest rate untouched Wednesday as fresh economic developments — including the sharp drop in oil prices — threatened to delay future hikes....more 
Why Real Estate Builds Wealth More Consistently Than Other Asset Classes
If you lived through the recent real estate and economic recessions, the very headline of this article might cause you some emotional pain. Less than ten years ago, the country was swept with an economic crisis the likes of which our generation had never seen. I personally remember driving down the street in California’s Central Valley and seeing “for sale” signs on practically one of every four houses. It felt like the market would never recover. Fast forward a few short years and now massive wealth is being built through real estate—often by average Joes....more 
Haunted House? How Stigmas May Affect Its Value
Superstitions, stigmas and the supernatural – whether you believe in them or not, they can have a very real impact on how long it takes to sell your home and the price you’ll get for it. ...more 
Interest rates were just hiked — here’s what it means for the 2019 Canadian housing market
As was widely expected, the Bank of Canada (BoC) hiked the overnight rate to 1.75 percent....more 
20 years old, 20 per cent down on a house. It’s possible!
Imagine being just 20 years old and putting down a full 20 per cent — $68,000 — on your first condo. Plus, you have cash left over for closing and moving costs, even some money for decorating. At 20 per cent down, you don’t even have to pay for mortgage loan insurance....more 
How to Choose a Neighbourhood
9 key questions to answer when you’re location shopping. ...more 
Housing affordability is more important to BC Millennials than fighting climate change, childcare: poll
There are many big issues looming over BC Millennials ahead of next year’s federal election, from climate change and trade relations to government spending and tax cuts....more |
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