Thinking about Moving Your Business to Ottawa? Better Hurry!
The Ottawa real estate market has been one that’s been thriving amongst some slower markets across the country. When compared with cities such as Montreal, Vancouver, and Calgary, Ottawa’s housing market has been able to either steadily maintain itself, or even spurt ahead of the other markets. Now the National Office Trends report, a report conducted by commercial real estate brokers, Cushman & Wakefield, has shown that commercial mortgages are going up, as commercial vacancies go down in the nation’s capital.
Read moreAre you in Debt, or Defaulted Debt?
If you’re wandering around your rented apartment or house and sighing about how you’ll never get a mortgage, take a second to stop and ask yourself why. Making the move from a renter to an owner is the dream that many renters are trying to attain. But so many stop themselves before they even begin because they think they simply have too much debt. And that debt is going to prevent them from getting a mortgage. But will it really? To get the answer, you need to know whether you’re in debt, or defaulted debt.
Read moreWhat does it mean to “Port your Mortgage?”
More Canadians are starting to hear about porting a mortgage, and are wondering not only what that means, but also if it’s something they’ll benefit from. Porting a mortgage simply means taking your current mortgage, with its rates and terms, and moving it to another property. And yes, if you’re going to be moving and you love your current mortgage, porting your mortgage could have some pretty good advantages.
Read moreCanadian Homes Sales Remain Strong Through August
Maybe it’s the rebounding economy. Maybe it’s the fact that the Bank of Canada’s interest rate is at a historical low. Or maybe it’s the fact that Canadians are reducing their unsecured debt, and starting to want to take on more good debt, like a mortgage. Whatever the reason, the upshot in sales the country saw in July continued through August. And not only did the market remain steady, but it was also the first time in 2011 that Canadian sales, as a whole, pulled ahead those of 2010.
Read moreMaking Upgrades to Sell your Home? Here are 3 to Avoid
If you’re trying to sell your home and are walking around with clipboard in hand, making a list of all the upgrades you want to make in order to help sell – stop! While making certain upgrades and repairs will help increase the value of your home, others will do the opposite and leave your home sitting on the market for months. Here are three of the most common mistakes homeowners make when upgrading their homes, and why you should avoid them.
Read moreToo Much Debt? We’re Listening!
A study conducted by CIBC last month showed that Canadians are drowing in debt – and that we’re somewhat delusional about when we’re going to pay it off. But, even though we might have higher aspirations for our future debt than what’s realistic, there’s now a new report to show that we understand the debt that we have now; and more importantly, that we’re willing to do something about it.
Read moreShould Mortgage Rules be Tightened Further?
Mortgage brokers and banking economists are at odds about whether or not Canada’s mortgage rules should be tightened once again, making it more difficult for more people to get mortgages. Mortgage brokers disagree with each other, and bankers can’t seem to agree among themselves either. But why are we even asking the question?
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