Canadian Real Estate Market – Top Reasons Young Canadians Buying
A new survey commissioned for RBC Royal Bank shows that younger Canadians are expected to take the lead in home buying in 2010. Low interest rates, new jobs and perceived “good prices” are cited as top reasons as indicated by the survey. This seems to show a definite shift in attitudes in this group of young Canadians.
Read moreGreat Time to Jump into the Housing Market with Low Rates
While standing in line at my bank the other day I noticed that their fixed rate for a five-year closed term mortgage is 4.09 per cent. It seemed like a good deal. Later that day I noticed that a different bank had lowered their fixed rate for a five-year closed term to 3.75 per cent. In this competitive market, I’m sure that it won’t be long until the other big banks follow suit.
Read moreMortgage Rules – More Changes to Come in the Housing Market?
Mortgage Rules – More Measures May be on the Way.
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