More Canadians are Debt-Free This Year!
Well, the government sent out the panic alarm warning us about our sky-high debt levels, and a recent poll by RBC shows that we may just have been listening! For the past two years, the Bank of Canada, along with Finance Minister, Jim Flaherty have been doing all but screaming at us about our debt…
Read moreFlawed Data May be Skewing Housing Data
As if our housing prices weren’t increasing enough on their own. Now a disturbing article from The Globe and Mail suggests that Canada’s housing prices may be being skewed by a flawed automated system. And if that’s true, everyone’s got something to lose – homebuyers, homeowners, and lenders. The problem all goes back to an…
Read moreDefinition of a Housing Bubble
Recent reports about the hot real estate market in Canada have generated a lot of discussion about whether or not we are seeing the beginnings of another housing bubble. To answer that question, it helps to understand what a bubble actually is, how one gets started, and its possible impact. Definition of a Housing Bubble…
Read moreReadying Yourself for Carrying a Mortgage
Buying a home is an exciting venture that requires a great deal of financial preparation. Homebuyers that are not financially ready for a Canadian mortgage can end up defaulting on payments, falling into debt, and even losing their homes. Luckily, there is a guide you can use to make sure you are prepared to carry a mortgage….
Read moreReal Estate Bubble – Are We Headed for a Housing Bubble?
With rock bottom interest rates and real estate sales on a sharp upswing, is it possible that Canada is in, or headed for, a real estate bubble? That’s right, the dreaded B-word. You’ve probably heard the term before, but what does it really mean? A housing bubble (also known as a real estate bubble) is…
Read moreOttawa Housing Starts Drop in September
While we’ve been busy talking about the rise of real estate once again out West, and how areas such as Calgary and Edmonton are booming, starts in Ottawa have dropped in September of this year when compared with housing starts in the nation’s capital city in September 2011. The chart below shows the latest stats…
Read moreHousing Starts Pick Up in Edmonton
Just yesterday we published a post showing the boom in Calgary housing. But now stats are out that show this city isn’t the only one in Alberta seeing an increase in demand – Edmonton is too! You may not see quite as big a boom happening in Alberta’s capital city as you do in Calgary,…
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