What are First-Time Buyers Spending?
Bank of Montreal recently conducted a survey among first-time home buyers in Canada, asking them what price ranges they’re looking at, how much of a down payment they’re expecting to make, and how long they think they’ll have their mortgage. The results may sound encouraging, but are first time buyers kidding themselves in some areas?…
Read moreForget about Mortgage Rules! What about Unsecured Debt?
Lord knows the government has done enough interfering with the mortgage rules. Yes, many of them have been necessary and intended to save us from ourselves, but one has to wonder if the government’s efforts are completely right on target. No, our debt situation is not good. Yes, something should be done about it. But…
Read moreBuying or Selling Real Estate? The Process may have just Gotten Faster!
There’s good news for many people that are buying or selling a home right now: the Canadian Real Estate Association (CREA) has just partnered with DocuSign to provide Realtors with faster, easier, paperless transactions! But how does this help you? DocuSign is software that allows Realtors and their clients to sign and send documents through…
Read moreMost Canadians think they won’t be Mortgage-Free Until Age 57
It seems as though we can certainly forget about Freedom 55. For now anyways. According to a recent survey conducted by CIBC, the average Canadian homeowner believes that they won’t pay off their mortgage entirely until they are the age 57.That’s well before retirement for most people, but it’s also two years later than what…
Read moreFinance Minister gets some Support for Fla-Rate Drama
When Finance Minister Jim Flaherty got directly involved in the banks and their mortgage rates last month, Canadians were very critical of the move. We may have even made a few comments about it on this blog. But with all the heat he’s taken, TD CEO has now stepped up to the Finance Minister’s defense….
Read moreWhat do You Think about RBC’s Massive Job Cut?
CBC has recently uncovered a story that is leaving Canadians outraged. RBC is firing dozens of employees in order to cut costs, and they’re going to be outsourcing those jobs to foreign workers in Canada on temporary work visas. The move has those being fired outraged, and even has Ottawa claiming they’re going to run…
Read moreCanada Lost a lot of Jobs in March
It will be interesting to see how this affects the housing market. For years now many have said that Canada’s housing market will be just fine so long as other sectors are there to support it. Now one of those sectors – employment – may not be, after some fairly startling statistics were revealed last…
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