Is inflating income, lying on credit applications OK? – Consult with a Vancouver Mortgage Broker

Ten per cent of Canadians surveyed say it’s okay to inflate your income when applying for a mortage, according to a new survey by credit reporting agency Equifax. DREAMSTIME By: Susan Pigg Business Reporter, Published on Mon Aug 11 2014 Ten per cent of Canadians surveyed say it’s okay to inflate your income when applying for a mortgage, […]

Average Canadian house price up 5% to $401,585, CREA says

With Toronto, Vancouver out of equation, average home worth $327,988 The average price of a Canadian home was $401,585 in July, a five per cent rise compared to last year. The Canadian Real Estate Association repeated its claim that booming sales in the large, pricey markets of Vancouver and Toronto are skewing the national average higher. If […]

Welcome to the world’s most expensive apartment: $440-million penthouse comes with chauffeur, caterer and infinity pool

More from The Telegraph Realis/SCI Odeon via BloombergThe penthouse and pool area of the Tour Odeon residential apartment block, developed by Groupe Marzocco SAM, in Monaco, France. Even by the sky-high standards of Monaco, a penthouse at the top of the Odeon Tower is set to fetch a vertiginous price, according to developers. Tour Odeon, […]

Canada’s most expensive housing market not headed for crash, says credit agency DBRS

A leading credit rating agency says Canada’s most expensive housing market may not be all that affordable for the average family, but despite that no major correction is coming Vancouver’s way. DBRS  looked at 39 markets in Canada, the United States and Australia, releasing its focus feature on Vancouver Wednesday. “Based on historical data, the […]

Vancouver housing data reveal Chinese connection – ask a Vancouver mortgage broker

The Globe’s Real Estate Beat offers news and analysis on the Canadian housing market. Read more on The Globe’s housing page. One of the largest real estate companies in British Columbia says that more than one-third of all the single-family detached homes it sold last year went to people with ties to mainland China. MORE […]

Pockets of risk in Canada’s condo market but don’t expect a crash, Conference Board report says

Pockets of risk continue to exist in the condominium markets of Toronto and Vancouver, but a broad-based downturn is unlikely, according to the latest Conference Board of Canada condo report commissioned by Genworth Canada. Genworth is the largest private mortgage insurer in Canada. Toronto’s condo market is expected to “cool slightly but avoid the collapse […]

Canadian housing to start showing signs of easing over next two years, says CMHC

OTTAWA — Canada’s housing market may start showing some signs of easing over the next two years as new construction begins to slow and sale prices climb down slightly, according to the latest forecast by the Canada Mortgage and Housing Corp. The national housing agency is forecasting housing starts in Canada to range between 179,600 […]

Canadian home prices rose in July by more than usual: Teranet

TORONTO — Canadian resale home prices rose in July and the pace of 12-month price appreciation accelerated, the Teranet-National Bank Composite House Price Index showed on Wednesday, adding to strong housing starts this summer to signal a market that continues to be robust. The index, which measures price changes for repeat sales of single-family homes, […]

Canada’s housing market on course for soft landing, says CMHC – Ask a Vancouver Mortgage broker

OTTAWA — After consistently bucking predictions that a slowing trend was just around the corner, Canada’s housing market is now showing signs that it is, indeed, headed for a soft landing. Pockets of risk in Canada’s condo market but don’t expect a crash, Conference Board report says Pockets of risk continue to exist in the […]

Make Your Kitchen Accessible and Adaptable

As you grow older or welcome new people into your life, your needs and limitations can change. By designing a house that is both accessible and accommodating to people with a diverse range of ages and abilities, you can make sure that everyone who comes to your home will feel safe and comfortable.One of the most […]

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