BCREA Predicts One-Year Fixed Mortgage Rate Hike to 4.05% by End of 2011
BCREA forecasts that the one-year fixed mortgage rate could jump to 4.05% by end of 2011.
Read moreToronto Home Price Gains to Slow Down
The intense activity observed in the Toronto housing market in the first half of the year has cooled down and 2011 may see a slower pace in home price gains, say experts.
Read moreHigh Rise Sales Spike in Toronto
High-rise sales in Toronto have seen a spike in the last month, with people preferring to buy affordable condos as opposed to costlier low-rise homes.
Read moreCanadian Home Prices a Cause for Concern, Says American Macroeconomist Dean Baker
American macro-economist and CEPR co-founder Dean Baker says that overvalued Canadian home prices are indicative of an approaching housing market meltdown.
Read moreWhat Experts Have to Say About Canada’s Household Debt
Mounting Canadian household debt is a cause for alarm. With interest rate hikes anticipated in the near future, Canadians will do well to increase secured and unsecured debt repayments in the present low-rate environment.
Read morePrepayment Penalties Should be Better Explained to Borrowers
Standardization of mortgage penalties with lenders providing an accurate description of the penalty calculations is needed so that borrowers fully understand what they are getting into.
Read moreCanadian Housing Market to Remain Stable
Stable home prices and improving home resale volumes indicate that the Canadian housing market is poised for a stable time ahead.
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