Low loonie lifts cottage sales after chilly start to season – Consult with a Vancouver Mortgage Broker

One of the nation’s largest real estate company says recreational property sales are finally starting to pick up after a tough winter and slow start to the season. In Toronto’s housing market, ‘$2-million is the new $1-million’ Try not to panic if you haven’t bought yet but the $2-million home is a growing segment of […]

Realtors say Canada’s housing market can still grow – Ask a Vancouver Mortgage Broker

Home sales and prices are expected to still grow over the next two years, albeit at a slower pace, says the national organization that represents realtors. In Canada’s housing market here’s what $500 K buys: A lake in Edmonton … a condo in Toronto From four bedrooms in Windsor to one-bedroom in Vancouver, check out […]

Drop in home building signals Canadian market stabilizing- As a Vancouver Mortgage Broker

TORONTO — New homebuilding in Canada slowed slightly in November, coming in below economists’ expectations and suggesting some stabilization for the country’s robust housing market, data released on Monday showed. The seasonally adjusted annualized rate of housing starts was 192,235 units last month from a downwardly revised 198,161 in October, the Canada Mortgage and Housing […]

Consumer confidence nears year high as Canadians put faith in rising house prices- Ask a Vancouver Mortgage Broker

The share of respondents who think real-estate prices will increase over the next six months rose to 40.3 from 40.0 the previous week, reaching the highest level since March 2012 Canada’s economic mood rebounded last week as consumers head into the holiday season buoyed by rising house prices, according to the Bloomberg Nanos Canadian Confidence […]

Flaherty threatens action – Consult with a Vancouver Mortgage Broker

Finance Minister Jim Flaherty says he will step in to intervene once more if the housing market appears to move toward a bubble. “I’m comfortable with where we are, but we have to watch and, if we see anything moving toward a bubble, we can intervene,” Flaherty said in an interview with BNN Television this week. “It’s […]

Canada’s two largest real estate markets are surging – Ask a Vancouver Mortgage Broker

Home sales in Canada’s two largest cities continued their surge in August from a year earlier. Why real estate doomsayers continue to be wrong Still believe Canada’s housing market is going to implode? You’re not alone, but it hasn’t happened yet. Read more Sales in Toronto, the largest market, rose 21% from August last year to […]

Strategic Matches – A New Way to Place Private Mortgages – Consult with a Vancouver Mortgage Broker

By Rob McLister, Editor, CanadianMortgageTrends.com Have you ever seen a cool new idea and wondered how on earth it took so long to come up with it? One such idea, at least in this author’s mind, is matching private lenders withnon-prime borrowers online. And a start-up called Strategic Matches is now doing just that. Strategic Matches simplifies […]

Spring puts bounce back in Canadian home prices – Consult with a Vancouver Mortgage Broker

TORONTO — Canadian home prices jumped in May from April as a spring rebound in real estate continued in most cities, offsetting a couple of weak markets, the Teranet-National Bank Composite House Price Index showed on Wednesday. Upbeat new housing numbers could be ‘last hurrah’ New housing already purchased and in the pipeline continues to […]

Canadian homeowners don’t expect to be mortgage-free until they’re 57: CIBC – Ask a Vancouver Mortgage Broker

TORONTO – The average Canadian homeowner doesn’t think they’ll be mortgage-free until they’re 57 – two years longer than what they expected last year, a survey by CIBC suggests. The survey also found that half of those surveyed said other debt, from credit cards to lines of credit, have increased and impeded their ability to […]

First-time buyers poised to stand tall even as Canadian home purchase intentions fall: RBC Poll

  First-time buyers poised to stand tall even as Canadian home purchase intentions fall: RBC Poll   Cautious mood, less urgency among Canadian homebuyers, but majority still consider homeownership a good investment TORONTO, March 26, 2013 —Four-in-10 Canadians (40 per cent) planning to enter the housing market over the next two years will be first-time […]

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