Keep it Up, Toronto!
A recent report released by the Toronto Real Estate Board has shown that sales are up in Toronto for 2011 from where they were ago one year ago in 2010. And they’re way up, 25% to be exact! That’s something to boast about in a country where other large cities like Montreal and Vancouver are trying to unload all the vacancies they’ve been holding onto for the past several months. Generally when sales see such an increase, in any city, the one question people always ask is how long until those sales start to come down
Read moreThe Timeshare, the Forgotten Option
As the leaves begin to fall and the air turns crisp, many of our thoughts start to turn towards that mid-winter vacation and just where we’ll go. Perhaps stay in one of the finest hotels in the tropics? Or head out on the open water on a cruise? Or what about that forgotten place, the home away from home – the timeshare?
Read moreBaby Boomers will Drastically Shift Housing Market
Time to talk about the Baby Boomers and their upcoming retirements again. This time, the focus is on the future of the housing market as so many Boomers prepare for retirement at the same time. And it’s a report from the Canadian Press that’s got everyone talking about the impact that will have.
Read moreThinking 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.
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