Save up for a down payment? The young adult’s struggle

If you asked 100 recent home buyers if they were satisfied with the size of their down payment, as many as 60 of them would say no. That’s what TD Canada Trust found in a recent survey of first time home buyers. This finding is hardly surprising: A bigger down payment means less interest paid, easier refinancing, […]

Is Canada’s housing market finally starting to cool?

The Globe and Mail Fewer housing sales and more listings may bring some long-awaited balance to the Canadian housing market, says the latest report from the Canadian Real Estate Association. While home prices are still on the up, a drop in sales activity in June points to a possible chill in Canada’s housing market. Robert Hogue, a […]

Home prices keep climbing, though gains are slowing

OTTAWA — A monthly measure of Canadian home prices showed that year-to-year gains continued in January, albeit at a slower pace than in December. The Teranet-National Bank house price index was up 6.5% from a year earlier. That was down from 6.8% in December. While the index showed some slowdown in the rise of prices, […]

Canadian home prices rise to new record

Financial Post Staff  Sep 28, 2011 – 10:10 AM ET | Last Updated: Sep 28, 2011 10:48 AM ET OTTAWA — Resale home prices in Canada rose in July for the eighth consecutive month to a new record high, according to the Teranet-National Bank Composite House Price Index. The index, which tracks price changes for repeat sales of […]

Our Parents’ First Mortgage

81% of Ontarians say it’s more difficult to own a home now than it was for their parents. That comes from this Ipsos Reid/Ontario Real Estate Association survey. That’s interesting because our parents had to put down 25% to purchase a home. Young buyers nowadays can get their foot in the door with just 5% down. […]

Housing correction coming: Sharp or slow?

The Canadian housing market is due for a correction, but it will likely be a slow decline rather than a sharp drop, says a report from the Canadian Imperial Bank of Commerce. “While house prices are likely to adjust as interest rates eventually climb, the national pace of any correction is likely to be gradual,” […]

ROYAL LEPAGE: TOP 10 TIPS FOR SELLING YOUR HOME THIS SPRING

TORONTO, May 11 /CNW/ – Spring is upon us and the housing market is set to enter its busiest time of the year. With winter a mere memory and lots of sunshine on the way, many potential homebuyers will be out and about looking for the perfect home to suit their needs and budget.  If you’re […]

Housing Hold’em: RBC Poll finds over half of younger Canadians plan to buy next year

46 per cent of younger homeowners say mortgage costs eat up too much income TORONTO, APRIL 7, 2011— Over half of young Canadians (55 per cent) believe that it makes sense to delay a home purchase until next year, 10 points higher than the national average, and almost half (46 per cent) of younger homeowners […]

Rate of Home Price Appreciation Stabilizes after Post-Recession Recovery

Home values continue to rise, according to Royal LePage TORONTO, April 12, 2011 – The Royal LePage House Price Survey released today showed the average price of a home in Canada increased between 3.5 and 4.3 per cent in the first quarter of 2011, compared to the previous year, as markets continued their post-recession recovery. […]

Rosenberg: Canadian housing is okay

David Rosenberg, chief economist and strategist at Gluskin Sheff, remains a contrarian voice on the U.S. economic recovery, and he is also sticking to his argument that Canada is in pretty good shape – and that includes the country’s housing market. That market has taken a few knocks recently, even attracting derision from the foreign […]

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