OECD: Canada to Face Period of Slow Economic Growth
Canada may have lost its bragging rights when it comes to being one of the best economic performers of big industrial nations. According to a report issued by the Organization for Economic Co-operation and Development (OECD) on Monday, the data for Canada “continues to point to weak growth,” while the economies in the United States…
Read moreJim Flaherty: ‘I Thank’ the Banks that Didn’t Cut Mortgage Rates
Finance Minister Jim Flaherty has been known in the past for lashing out at the banks for their “irresponsible lending” habits and for encouraging Canadian consumers to take on even more debt that they can’t afford. When the Bank of Montreal slashed their mortgage rates to just 2.99 per cent for a 5-year fixed term…
Read more‘Accredited Senior Agents’ a New Specialized Type of Real Estate Agent in Ontario
There’s a new kind of real estate agent in Ontario, and they’re called “accredited senior real estate agents.” These real agents focus on helping only the elderly find, buy, and sell homes that they’re interested in, and it’s a field that some agents are moving to in anticipation of the huge Baby Boomer crowd that…
Read moreThe Biggest Mistake to Avoid with Rent to Own Homes
We’ve talked about rent to own homes a couple of times before. With a rent to own home, typically a renter signs into an agreement with the current owner of the home that they will rent the property for a short while, before purchasing the home outright. While renting, the renter pays a small percentage…
Read moreWalking the Fine Line of Housing Stimulus and a Housing Bubble
Finance Minister Jim Flaherty seems to have been walking a fine line with the taxpayers over the past couple of years. Four years ago he increased the amortization periods on mortgages to 40 years – a whopping amount of time, considering how low that could make some monthly mortgage payments. Flaherty was criticized for this…
Read moreThe 3 Biggest Mistakes First-Time Home Buyers Make
Just yesterday we talked about the biggest mistakes anyone can make when buying an older home, such as not making sure that certain systems are up to code and in proper working order. But first-time home buyers are a group that are especially prone to making some other pretty common mistakes on any home they…
Read moreThings to Consider when Buying an Older Home
Purchasing a home that has all the latest and greatest appliances and other amenities and all the modern fixin’s can come with many advantages. But so can buying an older property that holds charm and character that today’s newest cookie-cutter developments can’t come close to delivering. They can also come fraught with problems and headaches…
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