Don’t be Sucked Into Buying Single-Family Unless it Makes Sense
Single-family homes. Visit a city like Toronto and they’re all any buyer seems to want. And that’s undoubtedly why the average price of one of these homes in the GTA is currently hovering around $800,000 – a price tag that’s simply too far out of many people’s reach. Still, it can be hard not to…
Read moreMoney Talks: Volume 25
This week there’s a lot to talk about. From personal finances to investing to mortgages and more, there was a lot going on in the money talks we listened in to this week. Personal Finance Are you a consumer in Alberta? If so you’ve probably noticed that prices are up a bit from where they…
Read moreBecause it’s been Awhile Since We’ve Heard an American Comparison
Ever since we all watched the housing market across the border crumble under complete collapse in 2008 we haven’t been able to keep ourselves from making our own comparisons. Are we as bad off as they were? Are we doomed to the same fate? And no matter how many times experts and analysts say that…
Read moreFlippers could be Hardest Hit if Mortgage Rules Change
Just this morning we looked at the proposed changes to mortgages in Canada that the OSFI is considering making. The changes dictate that all mortgages in the country, not just those without a full down payment, will be restricted to a 25 year amortization cap. While some think this is going to be a move…
Read moreWill the New Mortgage Rules Benefit B Lenders?
A few days ago Canada Mortgage Trends announced that they had been told by the Office of the Superintendent of Financial Institutions (OSFI) that all mortgages in Canada could be capped at a 25 year amortization. Not surprisingly, this news has spurred lots of conversation around the country, and the potential impacts this move could…
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Top 10 Places to Live in Canada (Infographic)
It can be very difficult to pick any one “best city” in this beautiful country. How do you decide? Do you go by weather? Housing values? Employment numbers? For our purposes we first went mainly by size, in both land size and/or population, and then discovered a recurring trend. The biggest cities in Canada also…
Read moreTighter Mortgage Rules Open Up Rental Market
It can be hard sometimes to focus on the positives that came out of the tighter mortgage rules that were put in place nearly a year ago. But in addition to the reason for the changes in the first place, helping curb household debt and prevent a housing bubble, there’s another positive that’s come of…
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