5 COMMON MISTAKES TO AVOID WHEN SHOPPING FOR A MORTGAGE

5 COMMON MISTAKES TO AVOID WHEN SHOPPING FOR A MORTGAGE 5 Common Mistakes To Avoid When Shopping For a MortgageAvoid these 5 common mistakes, and you will have no problem getting your mortgage faster, more efficiently, and with a clear understanding of the process: 1. Thinking banks are the first and best place to go […]

Oil prices are making housing forecasts a tough call in Alberta

Plunging oil prices have made it almost too difficult to predict what will happen in the Calgary housing market, according to a new real estate forecast. As Vancouver home prices surge out of reach, businesses worry how to retain staff Business groups are raising the alarm about Vancouver’s ability to attract and retain the talent […]

One way to lose money even when you’ve made 5000% on your home

Joe and his wife are both 84. They bought their house in 1956 for $14,000. Demand for their almost 60-year-old bungalow in midtown Toronto is strong. A week never goes by without some realtor or developer knocking on the door or leaving a note asking the couple to sell. The cold calls offer a dazzling […]

What to do when there’s more value in your house than your marriage

He’s a one-percenter. He’s got the high-powered job, a vacation property and a $1.5-million detached home in the heart of midtown Toronto. About a decade ago, he and his wife were fortunate enough to get their foot into the housing market when it was still relatively sane — paying roughly half what the place is […]

The newly rich: How your world changes when downsizing creates a windfall

You may never have imagined yourself sitting on a financial windfall and wondering what to do with it but many older Canadians who have lived through the housing market’s finest hours are facing just that. If the investment in your family home has paid off handsomely over your lifetime, there might come a time to […]

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

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 it time to downsize your home, sweet home?

The Globe and Mail Downsize Your Home Worksheet is designed to help people think through some of the financial considerations involved in selling the family home and moving to something smaller. Sure, there are lifestyle factors in deciding when to sell. But there’s also the state of the real estate market to consider. Should you […]

Canada house prices expected to rise further, fuelling fears of meltdown

The risk of a property market crash in Canada has not ebbed, according to an increasing number of analysts polled by Reuters who said chances of a steep fall in prices have increased in the past year. Still, the survey medians showed house prices will likely rise more than earlier expected at least until 2017, […]

Tracking foreign buyers in Canada’s housing boom: Can we do it? Should we even care?

A third of people buying homes in Canada may be foreigners, says one real estate company. A leading economist says the number isn’t even 5%. The country’s housing agency says it has no idea what the actual number is. CMHC leaves out question of foreign condo investors, but economist says it’s only 5% A survey […]

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 […]

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