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Money Talks: New Housing Rules Slow Toronto Real Estate; Home Prices Up 10% Nationwide
Money Talks: New Housing Rules Slow Toronto Real Estate; Home Prices Up 10% Nationwide – The latest from Canadian Mortgages Inc.
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Canada’s Mounting Debt Approaching Critical Level as Households Struggle to Pay Their Bills
More than half of Canadians are within $200 of being unable to meet their monthly expenses, yet households still show no sign of debt aversion.
Read moreHow to Choose REITs
On Friday in our mini-series about REITs in Canada, we looked at the different types of REITs you could buy. But there’s a lot more to choosing a REIT than just knowing whether you want one that deals in retail space or one that’s directly tied to Canadian mortgages. Just like any other shares you’re…
Read moreHousing Correction Won’t Happen, because Canada doesn’t Need One
Canadians were waiting and waiting for a housing correction, and many experts said that one was indeed necessary in order to slow down the amount of empty homes sitting on the market. And, with supply already far exceeding demand, more home starts would only mean more useless supply; and that could land Canada right back into a recession. But, according to the newest report from the Canada Mortgage and Housing Corp.(CMHC), no correction will be made – because none is needed.
Read moreNow is the Time for Canadians to Choose ARMs!
“They’re going up, they’re going up!” That’s all experts have been able to say about Canadian mortgage interest rates over the past few weeks. But while the panic has made some homebuyers jump into things like fixed rate terms, many others have held off, waiting to see what’s really going to happen before making any sudden moves. And while that may seem like a risky move when all the news has been that interest rates are going to skyrocket, in this case the risk is definitely worth the reward.
Read moreFood And Gas Prices Are Up. What Can You Do About It?
As recently reported in the Globe and Mail & on CTV News, food and gasoline prices are both significantly up. But you probably didn’t need me or them to tell you that. At first glance, you might wonder what the current inflationary trends in food and gasoline have to do with your mortgage. The reality…
Read moreCanadian Housing Market In A Bubble?
There has been much talk over the last 6 to 12 months regarding the state of the Canadian housing market, and the future fate of housing prices in Toronto and the rest of the country. I’m not sure about you, but most people I know and speak with find it difficult housing prices relative to…
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