Movin’ on up: Couple eye bigger home, a solid retirement foundation

After working out of the country for a year, Edgar and Abby are ready to set down roots. He’s self-employed, bringing in anywhere from $120,000 to $200,000 a year. She works in communications, earning roughly $90,000 a year. He is 41, she is 34. They have a toddler and hope to have another child or […]

Calgary’s condo market booming as average price for single-family homes tops half a million

Affordability issues are helping fuel the local condominium market which saw sales climb 14% in October from a year ago, the Calgary Real Estate Board said Monday. Downtown living, where the living is small, but easy, seen as driving force in 2015 real estate We are becoming a nation of city dwellers, but some worry […]

Vancouver home sales jump 15% in October from a year ago and prices are still climbing, too

The country’s most expensive market saw an almost 15% jump in October sales from a year ago, the Real Estate Board of Greater Vancouver said Tuesday. The board said there were 3,057 sales in October, up from 2,661 sales a year earlier. Sales jumped 5.9% from September and were 16.6% above the 10-year average for […]

Toronto housing market still on fire, adding heat to national debate

Home prices rose across the Greater Toronto Area in October, matching similar gains in Calgary and Vancouver which should continue to inflate national housing numbers due out later this month. The Toronto Real Estate Board said Wednesday the average sale price in the region in October was $587,505, an 8.9% increase from a year ago. […]

Home Capital grabs mortgage market share as Canada’s big banks shift to lower risk loans

Home Capital Group Inc., Canada’s largest non-bank mortgage lender, is picking up loans banks are shunning amid tighter lending regulations. The company reported originations rose 28% to $2.6 billion in the third quarter from a year ago. So- called traditional mortgage originations, which have loan to value ratios of 80% or less, jumped 35% to […]

Toronto and Vancouver home prices pass Rome and close in on Paris

Canada’s two priciest cities for homes can now be included in an international class that is attracting foreign investors from around the world, says a new real estate study. The report from CBRE says “prime” residential property in Toronto is now $1,225 per square foot while Vancouver is $1,368 per square foot. Those dollar figures […]

Downtown living, where properties are small, but convenient, seen as driving force in 2015 real estate

TORONTO — Homeowners who choose the convenience of city life over the more generous living space in suburbia are driving Canada’s real estate market, according to a new report jointly produced by consultancy PricewaterhouseCoopers and the non-profit Urban Land Institute. Horror stories from first-time homebuyers Your dream home could become a nightmare if you’re not […]

‘I did mess up’: Even the experts admit mistakes on picking a mortgage

It can’t be easy for a certified financial planner to admit this, but Ted Rechtshaffen admits he blew it on his last mortgage. Your dream home could become a nightmare if you’re not prepared. Here are the pitfalls to be aware of so that your purchase doesn’t come back to haunt you “I was wrong. […]

Steady as she goes for Canadian housing market in 2015, says CMHC

OTTAWA – The Canada Mortgage and Housing Corp. says it expects housing starts in 2015 to be about the same as they were this year, and in line with economic and demographic trends. Horror stories from first-time homebuyers Your dream home could become a nightmare if you’re not prepared. Here are 7 pitfalls to be […]

CMHC continuing with plans for banks to take on more mortgage risk

The head of Canada Mortgage and Housing Corp. said the Crown corporation is continuing with plans to have banks take on more risk when it comes to the housing market. “In the insured market all of the risk is on CMHC’s balanced sheet or 90% on the government’s balanced sheet through private sector competitors. The […]

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