Buying a Second Home

BUYING A SECOND HOME Buying a Second HomeThere are a growing number of families living in Vancouver, or moving to the region, who are choosing the option of buying a second home in the lower mainland or in one of the many great locations throughout British Columbia. When it comes to mortgage financing, there are […]

Thinking about a NO Subject to Financing Offer? 3 points you NEED to consider

In hot real estate markets, it’s common for both buyers and agents to consider having no subjects to financing when making a purchase offer. It’s important to realize, however, that no professional is in a position to legally advise you to enter into a real estate transaction with no subjects, especially no subject to financing. […]

Canadian Interest Rates have Bottomed and Housing has Peaked

Canadian Interest RATES HAVE BOTTOMED AND HOUSING HAS PEAKED It is no surprise to anyone that the Bank of Canada maintained its target overnight rate at 1/2 percent today, judging that the underlying trend in inflation continues to be about 1.5 to 1.7 percent. Even before the landslide sweep of the Liberal Party into power, […]

U.S. shale towns grapple with new real estate crisis brought on by oil plunge: ‘We are overbuilt’

Chain saws and staple guns echo across a US$40-million residential complex under construction in Williston, North Dakota, a few miles from almost-empty camps once filled with oil workers. Oilsands at a crossroads: How the next chapter of Alberta’s oil future — and Canada’s workhorse — is a big unknown Handout/Conoco Philips They were a diverse […]

It’s time for many Canadians to abandon the 20% down-payment rule

This one’s for the housing true believers out there. You’re the buyers who keep pushing house prices higher in cities such as Vancouver, Toronto and Hamilton. Incomes are edging higher in these cities, prices are surging. If you’re primed to buy anyway, then listen up. Stop trying to save a 20-per-cent down payment and get […]

Stephen Harper wants to add another 700,000 homeowners in Canada. Is that what we really need?

Prime Minister Stephen Harper and the Conservatives say they have primed the housing pump enough that Canada is now set for all-time home ownership record. Canada Prime Minister Stephen Harper vows limit on foreign home buyers if needed Prime Minister Stephen Harper promised new measures to track foreign home ownership in Canada and even hinted […]

Banker buys ex-boss’s house only to raze it and build huge mansion in act of ‘revenge’

WASHINGTON — An American hedge fund billionaire bought the home of a former boss who passed him over for promotion — then tore it down and built a mansion twice as big on the exact spot. David Tepper paid the ex-wife of Jon Corzine, the former CEO of Goldman Sachs, US$43.5 million for the summer […]

Bank to create more-powerful road reps

One major bank is working on a strategy that will see mobile advisors provide more than just mortgage advice – should brokers be worried that their competitive advantage is disappearing? “We’ve been focusing on processes and simplifying,” David Williamson, CIBC senior executive vice president, said during the bank’s recent quarterly profit call. Also CIBC is […]

Canadians’ mortgage debt ramping up fast as cheap money fuels leap in luxury home prices

A new report from the Canadian Imperial Bank of Commerce says prices for the country’s most expensive high end homes are rising much faster than the overall market, skewing average values. Canada’s housing bubble: As Alberta’s market tumbles, the rest of us wonder who’s next Some of the more bearish economists think Alberta’s malaise may […]

Toronto Real Estate Board seeks to prevent judge from hearing competition case

TORONTO — The Toronto Real Estate Board is seeking to remove a Federal Court judge who is hearing the Competition Bureau’s challenge of a board policy against the online publication of house sale data. A lawyer for the real estate board says Federal Court Chief Justice Paul Crampton was involved in a similar case more […]

« Previous Page — Next Page »