Bank Satisfaction Falls

Decrease in Bank Satisfaction could Benefit Vancouver Mortgage Brokers Customers became less satisfied this year with big and  mid-sized banks in Canada, according to a report released by J.D. Power and Associates. A large part of this is due to a decrease in satisfaction relating to fees. The study does not highlight satisfaction related to […]

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 […]

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 […]

Single ladies hooking up with homes

For an increasing number of women, there’s no better commitment than home ownership.Women may be putting off marriage, but they aren’t putting off what is usually a person’s single biggest purchase of their life. Gone are the days when a single woman would wait to find a significant other before laying down money on a […]

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. […]

Are you shopping for a home?

Are you trying to navigate Canada’s red-hot real estate market, sick of renting and on the prowl for a home to call your own? On May 1st, Globe Investor launched a new month-long Home Buying site, packed with stories, videos and expert opinions to help readers make what for many will be the biggest financial decision […]

Canadian real estate market a tale of two cities

ANDY HOFFMAN AND NICOLAS JOHNSON VANCOUVER AND TORONTO— From Tuesday’s Globe and Mail It’s a title Vancouver is more than happy to relinquish. Canada’s hottest real estate market is finally cooling off, new sales figures show, much to the relief of those who have grown weary of talk of a West Coast property bubble. At more […]

Fixed mortgages win over variable, says BMO economist Federal government may tighten mortgage rules

As the federal government warned it may again tighten mortgage rules, a Bank of Montreal economist says fixed mortgages “clearly trump” variable mortgages in today’s economy. There are two reasons for the change of heart by Douglas Porter, deputy chief economist at BMO: the intense competition among lenders and the economic recovery in the U.S. […]

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, […]

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