Homeownership in Canada: A love story

Homeownership in Canada: A love story ComFree survey shows Canadian homeowners fall out of love with their homes after five years TORONTO, Sept. 26, 2012 /CNW/ – We’ve all heard of people getting the “seven year itch” when it comes to a monogamous relationship, but a new study commissioned by the ComFree network, the largest commission free real […]

Mortgages and loans – harder for the self-employed?

NANCY CARR Special to The Globe and Mai Published Monday, Oct. 01 2012, 12:10 PM EDT As a self-employed website developer who had recently restructured his business, Greg Schmidt knew that refinancing his mortgage wasn’t going to be a piece of cake. “I had a little bit of a line of credit built up from shifting the […]

Five Tips For Negotiating a Mortgage

Leigh Doyle  When you’re buying your first house, negotiating for the mortgage can seem like the least fun and most complicated part of the process. But having no experience making one of life’s biggest purchases doesn’t mean you’re destined to pay the bank’s listed rate. Follow these five expert-approved tips to make you a better […]

Profits and pitfalls: Buying an off-campus property

The spring before their oldest daughter started her second year of studies at Wilfrid Laurier University, Joe and Ileen Capone decided to buy a four-bedroom townhouse in Waterloo, the southwestern Ontario town where the university is located. Their plan? Instead of paying for off-campus residence, the Capones intended to have their daughter live in the […]

Changing Mortgage Regulations Present Challenges to First-time Homebuyers

Changing Mortgage Regulations Present Challenges to First-time Homebuyers On July 1 2012, new mortgage regulations came into affect in Canada. The purpose of these rules was to cool the hot Canadian housing market, as well as stem a housing bubble and high levels of household debt. The biggest change that potential homeowners should be concerned […]

‘Canadian commercial real estate is primed for growth,’ TD economist says

Garry Marr  Jul 12, 2012 – 6:32 PM ET Forget the residential market, maybe it’s time we started focusing on how strong Canada’s commercial real estate market has been, says Sonya Gulati, an economist with TD Bank. “The commercial side of the market has recorded quite a comeback from the troughs posted in the early part […]

Canadians Deserve More Answers

Boris Bozic, CAAMP Chair and President/CEO of Merix Financial wrotethis about the latest mortgage rule changes: “…Stakeholders have every right to call out decision makers if there’s concerns that [mortgage rule changes] may have unintended consequences. We also have every right to ask decision makers to articulate, in a clear and cogent fashion, the rationale behind the decisions they made.” […]

Canada to skirt global turbulence, record healthy growth this year: RBC

OTTAWA — A new outlook from the Royal Bank predicts Canada’s economy will skirt the global economic turbulence and rebound strongly from a slow start to the year. The RBC’s new quarterly forecast anticipates the economy will rebound to 3.1% growth during this quarter, which ends in June, and record a 2.6% gross domestic product […]

Renovation Spending at $20.9 Billion Across 10 Major Centres

OTTAWA, June 7, 2012 — An estimated 1.7 million households in 10 major centres undertook renovations in 2011 according to Canada Mortgage and Housing Corporation’s (CMHC’s) Renovation and Home Purchase Survey released today. This represents about 37 per cent of homeowner households, a slight decrease from 42 per cent, or 1.9 million households, in 2010. The estimated average cost of renovations undertaken in 2011 was $13,709, an […]

Is Canada in a bubble? Housing experts face off

Welcome to the Great Debate. Each month, Globe Investor will invite two experts to debate one of the big questions facing the business and investing world. This month, we look at whether Canada is experiencing a housing bubble. Today, our debaters present their opening arguments defending and opposing the motion: Canada is experiencing a housing bubble. […]

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