CMHC: Housing Market to Remain Strong for Next Two Years
It was just yesterday that we talked about how well cottage sales are doing (already!) this year, and now it looks as though sales in the rest of the Canadian real estate world are going to be doing just fine as well. This, at least, according to Canada Mortgage and Housing Corporation’s first quarter 2012…
Read moreMild Winter = More Cottage Sales
Everyone would love a cottage, wouldn’t they? A little getaway in the woods or the mountaintops where you can spend winter nights crouched around a fireplace, or weeks in the summer spent up at the lake? It might seem like just about every Canadian’s fantasy and in fact, thousands of cottages are sold every year…
Read moreLooking for a Cheap Place to Live in Canada? These are the 10 Cheapest Cities
Are you tired of those sometimes pricey Toronto mortgages? Are you willing to make a major relocation if needed, as long as it comes with lower monthly mortgage payments? If so, here are the ten cheapest cities in Canada that you might want to think about calling your future home. Fredericton, New Brunswick Average price…
Read moreShould You Buy or Build? 4 Things to Consider
So it’s time to buy a home. You’ve been hitting the streets now for weeks looking at home after home, only to be disappointed with all of them. It looks like you’re never going to find your dream home and you start to think that you should just build the thing yourself. So, should you?…
Read moreTen Most Affordable Cities in Canada
We’ve already talked in-depth about how expensive it can be to live in some of Canada’s cities, especially places like Vancouver. But what about people looking for an affordable Canada mortgage? Where can these people go to still get affordable rates, but also lower home prices? Canada is a beautiful country, and one with lots of options! If you’re looking to move, or are just wondering if your city falls into the list, here are the 10 most affordable cities in Canada, as reported by the Canadian Real Estate Association
Read moreVancouver Hardest Place in Canada to Raise Young Families
It’s no secret that housing prices in Vancouver are ridiculously high when compared to the rest of the country – and with many places in the world, with the average Vancouver home cost around $750,000. This makes things like mortgage payments more challenging than ever, but what about all the other things? Food, clothing, daycare, utilities, and everything else that goes with life? It’s challenging. And if things don’t change in Vancouver, and the rest of B.C. very soon, the province could go from being one of the best places in the country to live, to one of the most dire.
Read moreNHA MBS Levels are Dropping – What does that mean?
To really understand what it means when NHA MBS levels fall, you first need to know what the NHA is, and what its MBS are. And even though it might all sound like too much, it’s really very simple, and a concept that most of us are already familiar with. The NHA is the National Housing Act, an act implemented in 1983 and that is now regulated by the CMHC – the Canada Mortgage and Housing Corporation. The NHA’s MBS are mortgage-backed securities. In other words, these are the mortgages insured by the CMHC. And these insured mortgages have recently made news as the number of them dwindles. But what does that really mean?
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