Bank of Canada (BOC) Expected to Keep Rates Low Until 2017, Providing More Fuel for Housing Market
After cutting the benchmark interest rate to 0.5% in July 2015, the Bank of Canada (BOC) has remained largely on the sidelines, as the world’s eleventh largest economy battled plunging oil prices and slowing international demand.
Read moreCanadian Real Estate Investing Continues to Pay Dividends
Real estate investing in Canada continues to pay dividends, with growth in house prices far outpacing gains in equities over the past 12 months.
Read moreWhen (and How) to Use Second Mortgages
If you’re a homeowner, deciding whether to extract equity from your property is one of the most important decisions you’ll ever make. If you leave your existing first mortgage intact, and look to add another loan on top, this is what is known as a second mortgage. This is a potentially powerful financing options for homeowners with a lot of equity or those struggling to qualify for an unsecured loan.
Read moreCanada’s Housing Market Review: March 2016 Edition
Canada’s housing market remained robust in March, as demand for multi-unit dwellings trumped rising unemployment and slower wage growth that could make it more difficult for households to afford homes.
Read moreHow Active is Your Neighbourhood?
James Sallis is a psychologist in San Diego that has recently studied the effects of neighbourhoods on our own physical fitness, health, and overall well-being. The results that he found were interesting and although American, probably fit very well within what we can expect out of Canada’s neighbourhoods, as well. The Montreal Gazette has put together…
Read moreRenewing Your Mortgage? Keep your Payments the Same!
There’s an interesting thing happening with Ottawa mortgages, Oakville mortgages, and mortgages all around the country right now – and it has many homeowners who obtained their mortgage in 2007 asking themselves some pretty tough questions. In 2007, the Canadian mortgage market looked slightly different than it does today, although there were some similarities, too….
Read moreGetting a Mortgage on a Rural Property? Speak to a Mortgage Broker First!
Getting a mortgage in Toronto can be tough when you want a condo located right down, or a single detached in Rosedale. But when you’re talking about moving into Pickering or other rural areas, and you want a mortgage that’s for agricultural land but that you’re going to use as residential, it can get a…
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