Large Majority of Condo Owners say Extra Fees are Worth It
Condos are pretty cute little things; and usually, pretty modern too. These are just two of the features that condo owners or soon-to-be condo owners love about these multi-unit dwellings. But what about the worst feature that comes with every condo unit – the fees? While condo owners obviously don’t love them, a new report…
Read moreCredit Canada Says it will be “Frightening” when Rates Rise
As we just reported this morning, at his policy meeting yesterday, Bank of Canada governor Mark Carney and his policymakers decided yesterday to leave the overnight lending rate at 1%. While it was expected that no move would be made, what was surprising to some was optimistic sound of his report, making note that “headwinds”…
Read moreMark Carney Keeps Interest Rates the Same
If Canadians aren’t getting the idea that they need to start paying off their debt and stop borrowing under low, low interest rates, they’re about to get a shock to the system. Mark Carney met with his policymakers at the Bank of Canada yesterday to decide once again, on the fate of the current interest…
Read moreOttawa Housing Starts Down, but Still Going Strong
Those who are looking for an Ottawa mortgage on a brand new house might find that there are fewer pickings than there have been in the past year. The good news is, considering that the past year has shown record starts, the numbers in the nation’s capital are still very good! According to a report…
Read moreShould Canada Restrict Foreign Investors?
Torontonians are hard-pressed to try and forget the northern Toronto bungalow that was listed last month somewhere in the area of $400,000 – only to have the buyer take on a $1 million Toronto mortgage to buy it. The buyer? A university student from China, studying in Canada and buying the home for his parents,…
Read moreThe Assumable Mortgage: Another Opportunity in Low Interest Rates
Everyone knows that when you buy a home, even though you may have the debt of a Toronto mortgage, in several years that mortgage is going to turn into one huge asset. This is after all, one of the biggest draws of home ownership – and one that many have been able to realize thanks…
Read moreCanadian Debt Levels Continue to Rise
Equifax Canada released their quarterly consumer credit trends report last week, and it might not be surprising to some that our current debt situation has not changed that much. In fact, at a time when Jim Flaherty and Mark Carney continue to only get louder with their debt warnings, we keep piling it on. The…
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