Canadians Appear Prepared For Mortgage Rate Hikes
After news that Canadians have accumulated enormous amounts of household debt in recent years, it was refreshing to get some more positive news. A recent Canada Mortgage and Housing Corporation (CMHC) survey found that, by and large, Canadians were fairly studious and responsible when it came to planning out their household budgets. The survey found…
Read moreTapping Into Home Equity to Deal With Credit Card Debt
A Statistics Canada report released on Monday presents some startling facts about the level of household debt that we as Canadians have taken on. In total, household debt among Canadians has reached $1.5 trillion. This equates to $176,461 for each two-child household. While we have long taken pride in being more fiscally responsible than Americans,…
Read moreRate Hikes Delayed
Analyst in April were calling for rate hikes by mid-July. However according to new econolic reports, rates are not expected to go up until at least Fall. There are a number of factors influencing it, such as the strength of the Canadian dollar effecting our export relationships and as a result creating a balancing act…
Read moreCanada’s Housing Market: Not Too Hot, Not Too Cold
“The Canadian housing market has seen some big ups and downs in recent years, making national sales activity so far this year look like something of a Goldilocks story by comparison,” affirmed CREA’s president Gary Morse, “not too hot, not too cold.” The latest data released by the Canadian Real Estate Association (CREA) suggests that…
Read moreIs this your First time?
Buying a home for the first time can be a very daunting task. There are a lot of considerations and it is often extremely unfamiliar territory. However, it seems that when people make the decision to but, it is one that is not one that is taken lightly. According to the TD Canada Trust…
Read moreLocation, Location, Location: Part 2
Today I leave you with three more things to keep in mind when considering the location of a possible property purchase. Amenities There are certain places most individuals will need to go to on a regular basis. Kids need to learn and parents will always prefer their child to walk a couple of minutes to…
Read moreLocation, Location, Location: Part 1
When looking for a home, there are a few key things to get right. A good mortgage broker will help you get as affordable a mortgage as possible. Beyond that, everyone knows that location is an important factor. What’s less commonly known are the specific factors pertaining to location that are considered most important by…
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