Rising real estate prices and low interest rates keep Canadian households upbeat – Consult with a Vancouver Mortgage Broker

Bloomberg News | May 20, 2014 | Last Updated: May 20 12:01 PM ET The share of Canadians who are predicting higher home prices in their neighborhood remained above 40% for a fifth week in the latest weekly polling by Bloomberg and Nanos Research. That’s kept consumer confidence levels at near the highest in four years, the data show. […]

Credit unions take on banks in mortgage wars with rates as low as 2.69%- consult with a Vancouver mortgage broker

The latest salvo in mortgage rates wars among financial institutions appears to be coming from credit unions, free from federal regulation and ready to take on the banks. How this man plans to be mortgage free by age 31 The 29-year-old pension analyst is $130,000 away from paying off his $425,000 home in Toronto, without […]

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 […]

CMHC probes how much Bank of Mom and Dad may be skewing real estate market – Ask a Vancouver Mortgage Broker

CMHC probes how much Bank of Mom and Dad may be skewing real estate market Federal housing agency trying to determine how much, and how often, parents are helping kids with down payments Between 18,000 and 20,000 new condominium units are expected to be sold in 2014, says the Canadian Mortgage and Housing Corportation. By: Susan […]

CPP investment arm has best year since 2004 – Consult with a Vancouver Mortgage Broker

CPP investment arm has best year since 2004 Fund which manages the retirement savings of 18 million people in every province except Quebec had its best performance since 2004 as private-equity returns surged. The Canada Pension Plan Investment Board has invested in office towers being built in the Barangaroo area of Sydney, Australia. The development […]

Canadian housing market on brink of downturn: report – Ask a Vancouver Mortgage Broker

Canadian housing market on brink of downturn: report Economist David Madani is reviving a prediction he first made three years ago — that what now appears to be a soft landing for Canada’s real estate market is likely to take a turn for the worse. Economist David Madani is reviving a prediction he first made […]

Toronto tops for speedy home sales: How does your city measure up? – Consult with a Vancouver Mortgage Broker

Calgary might have the hottest housing market in the country right now, and Vancouver’s might be the priciest, but Toronto is tops when it comes to the speed with which homes are selling. The homes that sold in the Toronto area last month were on the market for an average of 20 days. Homes that […]

Six things to know about real estate deposits – Consult with a Vancouver Mortgage Broker

When you make an offer on a house you have to put down a deposit. Here are some things to keep in mind. By: Mark Weisleder Real Estate, Published on Fri May 16 2014 Here are some answers to common questions about deposits when you are buying a house. When must a deposit be paid? In Ontario, the […]

Breaking a closed mortgage can be costly: Ask a Vancouver Mortgage Broker

You can get a low mortgage rate by signing up for a five-year term. But you could be penalized for an early exit if your plans change. By: Ellen Roseman On Your Side, Published on Sun May 11 2014 Brian Hyytiainen bought a house and took out a five-year mortgage in 2011. Things have changed in his life, […]

Home prices showing ‘early signs of accelerating’ – Consult with a Vancouver Mortgage Broker

The Globe’s new Real Estate Beat offers news and analysis on the Canadian housing market from real estate reporter, Tara Perkins, and others. Read more on The Globe’s housing page and follow Tara on Twitter @TaraPerkins. Canadian home prices appear to be picking up a little steam. The gains come even after a sluggish winter for home sales, and […]

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