Which Provinces are Most and Least Likely to Participate in Bidding Wars?
No one wants to be caught in a bidding war when they’re trying to buy their dream home. As the price of the home increases with each offer, so does the level of frustration on the part of the buyers trying to win the war. But according to a new BMO Home Buying Report that…
Read moreMark Carney Warns Again about Debt, Focusing on HELOCs
While we’ve been hearing Mark Carney’s warnings about the amount of debt Canadians are taking on, when the Bank of Canada governor spoke out about it on Wednesday, he spoke of more than just the general “household debt” that we’ve heard so much about. This time, he concentrated on home equity lines of credit in…
Read moreAtlantic Canada not Gobbling Up Condos like Rest of Country
While the TD Canada Trust 2012 Condo Poll (a survey we talked about just this morning) showed some interesting results about how Canadians think condo living is worth the fees that come along with it, there’s one area of the country that’s not falling under the condo’s spell – and that’s Atlantic Canada. While condo…
Read moreLarge 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…
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