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Posted by: Dean Kimoto
Despite detached home prices in Toronto and Vancouver posting year-over-year declines in the first half of the year, a longer-term view shows prices are still elevated, and in many cases higher compared to two or three years ago. In its Hot Pocket Communities Report released Tuesday, RE/MAX found that detached homes in nearly 93% of the 82 […]
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Maybe I work with your bank already. Except… I might have a better option. It’s worth asking! I just did a quick scan and from what I just saw The Dominion Lending Centres network has access to at least 76 lenders (and some local credit unions we work with I noticed weren’t on this list, […]
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Over the next few days, the new federal cabinet will gather in P.E.I. for their summer retreat. This is their first opportunity to get together and set priorities ahead of the return to Parliament in mid-September. As they work to address the pressing issues of “making life more affordable” and “building more housing,” we ask […]
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Just read a great article on Real Estate Invesment Properties vs other options, CLICK HERE to read in full. The quick review: in terms of cashflow, purchasing an investment property right should be compared against other investments. For the long term, in terms of asset appreciation, well that may be another story! As always, best […]
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Your payment schedule is the frequency that you make mortgage payments and ranges from monthly to bi-monthly, bi-weekly, accelerated bi-weekly or even weekly payments. Below is a quick overview of what each of these payment frequencies mean: Monthly Payments: A monthly payment is simply a single large payment, paid once per month; this is the default […]
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Home sales and prices continued to ease in July following the two latest rate hikes from the Bank of Canada. On a seasonally adjusted basis, home sales fell 0.7% from June to July, according to the latest monthly data from the Canadian Real Estate Association. This marks the first monthly contraction in six months. While […]
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Home Renovations – Reality vs. Television. Watching home renovation shows is inspiring, often providing us with ideas for our own spaces. However, there is a bit of a downside when it comes to these shows – they can be misleading when it comes to the renovation process. While we may want to recreate something from […]
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Real estate markets in the country’s largest metro areas remained relatively strong in July despite the Bank of Canada’s most recent rate hikes. Data from some of the key real estate boards show continued year-over-year growth in activity and continued upward momentum in prices. In Toronto, sales posted a 7.8% year-over-year gain, while in Vancouver […]
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In addition to the stats on renting vs buying there’s some great economic data following! This article was written by Steve Huebl for Canadian Mortgage Trends: Renting vs. buying in today’s market: how monthly payments compare A new study has found the cost of renting vs. buying comparable housing in select Canadian markets is nearly […]
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Canadian inflation falls within Bank of Canada’s target range, but food and shelter costs remain high June inflation data released today by Statistics Canada showed that the Consumer Price Index (CPI) rose 2.8% year-over-year (y/y), slightly below expectations. This was the lowest CPI reading since February 2022. The decline in inflation was mainly due to […]
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