Can Canada Post Charge to Set Up Mailboxes?
As if home builders weren’t having a hard enough go of it in today’s housing market. With an overstock of supply in many markets, as well as a softening housing market that doesn’t hold near the interest to buyers that it did a year ago, builders and developers have had to scale back on the…
Read moreShould CMHC be More Honest about Foreclosures?
CMHC has landed itself in some pretty hot water, jumped right out and dried off a bit, and has since remained only slightly damp (and warm.) The Crown organization that is largely known for issuing mortgage insurance but in fact takes on many roles, has recently been accused of all kinds of misdoings and sketchy…
Read moreOne More Reason We’re Not the States
At the height of our housing boom two years, or even just a year ago, people were panicked that we were “just like the States.” Seeing how our neighbours down south borrowed themselves into oblivion, only to find at the end of it all that they could’t afford it and it collapsed their economy really…
Read moreTeranet-National Bank Index Shows Fifth Month of Cooling
The Teranet-National Bank Housing Index is an independent rating system that measures Canadian single-family homes, the amount of sales, and the prices listed on those homes. The index tries to paint a coast-to-coast picture of the country’s home prices, as it covers Victoria, Vancouver, Calgary, Edmonton, Winnipeg, Hamilton, Toronto, Ottawa-Gatineau, Montreal, Quebec City, and Halifax….
Read moreHigh Home Prices a Threat to Canada says IMF; is More Tightening Needed?
The International Monetary Fund, the organization that was created back in the 40s to keep exchange rate stability and improve the economy of the participating countries, has now spoken out about something all Canadians have been worried about the past couple of years – rising home prices, coupled with record high levels of household debt….
Read moreCan we Expect More Mortgage Rule Changes?
Ever since the mortgage rules were changed last summer, people have not stopped talking about them. Were they necessary? Are they too much? Is it now too hard for buyers, especially first-time buyers, to get a mortgage? And most importantly, are any more coming? The fear that we’ll once again be hit by more mortgage…
Read moreCanadian Building Permits Starting to Slow
While everyone’s been so busy watching the number of homes sold across Canada, and the price points that go along with them, looking for signs of a cooling market, there’s another indicator that many have been missing – building permits. It’s no secret that while the Canadian housing market is indeed cooling, condos (especially in…
Read more
Contact Us
Contact us today to set up an appointment.