‘Walkability’ is the New Driving Factor behind Property Values
“Walkability” is the new word when it comes to what buyers are looking for when they’re evaluating properties. But what is walkability? And where are the most “walkable” neighbourhoods in Canada? The term “walkability” refers to the amount of amenities in any one particular neighbourhood, and the accessibility of those amenities to community residents without…
Read moreOur Banks are Still Making Money!
Don’t let them fool you with their talk of a cooling housing market and lower mortgage demand. Our banks are still making money here in Canada, and they’ll most likely continue doing so throughout the next several quarters. A recent report from Fitch says so. Fitch Ratings is one of the Big Three credit rating…
Read moreIs it True that “There is No Canadian Housing Market?”
Real estate guru and founding partner of Real Estate Investment Network (REIN), Don Campbell, has recently said something very interesting, noting that “there is no Canadian housing market.” And while at first you may want to point out all the ebbs and flows this so-called market has been through in the past two years, once…
Read moreCanadians have Record Slow Growth, but is it Enough?
The report that was released by RBC recently seems encouraging enough at first – showing that we’ve had the slowest growth of debt in more than a decade. But dig deeper, and you’ll see why Canadians might not be as well off as this report suggests, and that unless our incomes start rising accordingly, that…
Read moreShould CMHC be Privatized?
When Jim Flaherty unveiled the 2013 federal budget, and showed his policy changes to CMHC, it brought up once again the question of whether or not CMHC should be privatized. This is not a new conversation, but the recent changes are already going to limit the amount of CMHC mortgage insurance that’s eligible to consumers,…
Read moreXceed is Sold, and it’s a Good Thing for Brokers
While not very well-known among consumers and home buyers, Xceed Mortgage Corporation is a very popular choice among mortgage brokers, especially when they have clients looking for sub-prime mortgages, something that very few lenders are now offering in Canada. Now though, Xceed has been sold, and the sale had many brokers worried that, like ING…
Read moreEverything else is Cheaper in the States; are Mortgages, too?
As Canadians, we’re used to paying more than Americans for certain goods. Magazines, books, clothing, and even chocolate bars are priced more expensive on this side of the border than our southern counterparts. But when it comes to mortgages, who pays more? Americans or Canadians? At first glance, it does seem as though, once again,…
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