Is Our Housing Market Gearing Up for a Crash?
This is a question that’s been asked around the country for the past two years. And, if you include the deepest years of the Great Recession, probably even longer than that. So, is our housing market headed for a crash? The research firm Capital Economics certainly seems to think so. While many have been predicting…
Read moreDoes the Average Toronto Mortgage Really Cost Over $800,000?
Recent stats from the Toronto Real Estate Board show that the average price of a Toronto mortgage is now over $800,000. TREB actually states that the average price right now in TO is $805,308. But is that really right? If it is, that would mean that Toronto home prices were up by an incredible 17…
Read moreIt’s a Fact! More Young Adults are Living with Mom and Dad
The newspapers and blogosphere have been a buzz lately with news of how young adults are starting to live at home with their parents in order to save more money. Until now that news had all been based on unofficial surveys and interviews. But now, it’s official. The 2011 census results are in, and it’s…
Read moreFootage or Features: Which Would You Give Up?
The changes to insured mortgages that Ottawa put in place as of July have had quite an impact on Canada’s housing market. And while these changes were meant to make a difference, they’ve forced more than a few homeowners to make some very hard choices. One of those choices, says Stu Niebergall, executive director of…
Read moreThese Aren’t Just Any Old Toronto Condos!
Are you looking for a condo in the GTA that’s got everything? One that, after you slap that Toronto mortgage on, you’ll feel like a king (or queen) living in? Then there’s a development you have got to look at it. And it’s called appropriately, King Blue Condos. King Blue is a two-tower development that…
Read moreCars and Credit: Better Way to Address Debt?
Finance Minister Jim Flaherty made some serious changes to mortgage rules that went into effect on July 9. The biggest change was the one made to mortgage insurance, limiting amortizations on these mortgages to just 25 years instead of 30. The government also reduced home refinancing to 80 per cent of a home’s value instead…
Read moreCanada’s Cooling Down
The weather is finally starting to turn for all those that needed a break from this summer’s blustering heat. But it was months before the temperature dropped that the housing market was already beginning to cool in Canada. The new mortgage rules went into effect on July 9 and ever since then, a fairly severe…
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