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Wednesday, July 13th, 2016

No matter what statistics show, Canada’s housing boom is about to end, experts say

October 23, 2014 by  
Filed under Recent News

It might be hard to convince some Canadians the end of the housing boom is near based on new statistics from the Canadian Real Estate Association which show prices still rising.   Marriages, of course, get into trouble for all kinds of reasons, and rarely are they simple ones, but divorce lawyers and those in […]

Spending on renovations outpaces new home construction

More money was spent renovating homes in Canada than building new ones during the 12 months to the end of June, according to data compiled by the Bank of Montreal. “In the four quarters through [the second quarter], renovation activity outpaced investment in new residential construction $48.4-billion to $46.3-billion, as the latter has rolled over […]

Canadians’ debt payoffs rise as mortgage principal payments targeted

Contrary to all the hype about consumer debt levels, Canadians are actually paying off their debts at a faster rate than the Bank of Canada estimates, says Canadian Imperial Bank of Commerce economist Benjamin Tal. Indeed, he says consumers are being quite responsible in the face of extremely tempting low interest rates. True, they are […]

From $99,999 to $1-million plus: Here’s what Canadians can buy in Florida real estate

September 19, 2014 by  
Filed under Recent News

Lured by bargain prices, Canadians spent $2.2-billion on Florida property last year, making them the state’s No. 1 foreign buyer of real estate. Half of all Canadian buyers, most of them paying cash, spent less than US$200,000 — about half the average sale price of a home here last month. Only 16% of Canadians paid […]

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, […]

How a homebuyers’ ‘bellwether’ is buoying optimism in Canada’s housing market

Genworth MI Canada Inc. and Home Capital Group Inc. reported profits that beat analysts’ estimates as low interest rates drive demand for Canadian homes. More than half of Canadians in a new survey are putting extra effort into repaying their mortgages — saving tens of thousands in interest payments. Find out more Genworth, the country’s […]

Mortgages & Investment Strategy – Consult with a Vancouver Mortgage Broker

STEVE HUEBL For most home buyers, a mortgage is the only path to ownership. But a recent survey reveals that mortgages are also being used as a preferred investment strategy for wealthy Canadians. The survey commissioned by Investors Group found that 67% of high-net-worth Canadians — those with investable assets of $500,000 or more — who have […]

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 […]

Aging workers aren’t giving up on finding work, they’re simply retiring: RBC – Consult with a Vancouver Mortgage Broker

Aging workers aren’t giving up on finding work, they’re simply retiring: RBC New study shows that the 6.9 per cent unemployment rate is likely not hiding people who have given up on finding work but indicates baby boomers 65 and older are leaving the workforce OTTAWA—A new Royal Bank analysis suggests the Canada’s labour market […]

Canadian real estate and housing boom may be ending, Scotiabank warns – Consult with a Vancouver Mortgage Broker

Canadian real estate and housing boom may be ending, Scotiabank warns ‘More subdued trajectory’ over coming years could impact jobs, renovation industry and consumer confidence, bank report warns. By: Susan Pigg Business Reporter, Published on Wed Apr 16 2014   Boom times are over for Canada’s housing sector and the impact of “a more subdued trajectory” will be […]

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