What’s a Sign that there are Fewer Investors on the Market? Fewer HELOCs
It’s no secret that home buyers have shied away from activity in the housing market. Home sales have dropped almost every month since new rules were put into effect last July, and right now many of those buyers are just waiting with baited breath for prices to start dropping along with those sales. But those…
Read moreMoney Talks: Volume 22
From trying to figure out today’s housing market, to new restraints on insured mortgages, to saving a little dough on birthday parties, this week there was lots to talk about, and from all corners of finance. So with no further ado, here’s the best money talks we could find from around the web. Personal Finance…
Read moreIs Population Growth the Answer to a Cooling Market?
There’s been a lot of talk about what is needed to help Ontario’s housing market; and everything from job creation to giving a boost to the economy has been suggested in order to do just that. But one CMHC analyst says that we need to stop focusing on the province’s GDP, and stop worrying so…
Read moreShocking News for Families about their Taxes
Do you know how much your family is paying in taxes? Do you know what percentage that is of your family income, especially when compared with how much you’re paying for basic necessities? A recent report from the Fraser Institute shows some statistics that may alarm you. According to the Institute, families are currently using…
Read moreMove Over, Alberta! Ontario’s Getting Ready to Grow!
Ontario sometimes gets painted with a bad brush, especially when it’s compared to the oh-so-lucrative province of Alberta. But now one regional economist with CMHC is saying that in the upcoming months it’s going to be Ontario that sees much more growth. The reason? A housing market that is starting to show signs of balance;…
Read moreJust One More Thing High Home Prices are Hurting
If you’ve ever searched the local classifieds or trolled the streets of Toronto looking for a place to rent, you know just how hard it can be. Finding a home or apartment to rent is tough; and making sure you’re the top applicant out of all the others having difficulty finding a rental spot can…
Read moreHow Many Canadians are Renovating this Year? How Much are They Spending?
A recent poll conducted by CIBC shows that nearly one-third of Canadians are planning on making renovations to their home within the next twelve months. But which provinces are going to be making the most improvements to their home, and how much is the average Canadian spending on those renovations? Among the 39 per cent…
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