Housing still cheaper in popular U.S. snowbird states than 2006 peak levels, new report shows

TORONTO – Housing prices in popular U.S. snowbird destinations are rising but are still below peak levels seen in 2006, says a new report. The outlook by BMO Financial Group says overall, housing prices in the U.S. have increased by 20% in the last two years, but are only about halfway to the peak levels […]

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 […]

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 […]

Even economists say they continue to be surprised by Canada’s housing market – Consult with a Vancouver Mortgage Broker

Record low interest rates have have forced Toronto-Dominion Bank to boost its forecast for the Canadian housing sector. 5 questions to help you decide whether to rent or buy a home Economist Diana Petramala said in an economic report that TD’s forecast in January was banking on an increase in interest rates that has not […]

Canadian home prices rise a modest 0.8% in May, typically one of the strongest months for sales: Consult with a Vancouver Mortgage Broker

TORONTO — Canadian home prices rose in May but the pace of 12-month home price appreciation decelerated slightly, the Teranet-National Bank Composite House Price Index showed on Thursday. Why Canada’s housing boom could be in for a big echo A new report suggests housing market has stronger legs than thought because echo boomers, who now […]

Homebuilding rebounds quicker than expected with 35% jump in condos and apartments – Consult with a Vancouver Mortgage Broker

TORONTO — New home construction in Canada picked up in April, shaking off the effects of this year’s harsh winter, though economists still expect activity to cool gradually in 2014. The seasonally adjusted annualized rate of housing starts rose to 194,809 last month from 156,592 units in March, data from the Canada Mortgage and Housing […]

Costly housing has more Canadians turning to renovations – Consult with a Vancouver Mortgage Broker

The never-ending strength of the Canadian housing market has homeowners switching to renovations at a record pace, according to a new report. Andrienne Warren, an economist with Bank of Nova Scotia, says the boost in the reno market has been “fuelled by rising home prices, tight resale market conditions, attractive financing costs and government tax […]

Canada’s house prices still rising but sales stall for third straight month – Ask a Vancouver Mortgage Broker

TORONTO — The latest real estate results look impressive for seven-figure homes but the story is not as dramatic once you factor out Canada’s two most expensive cities and look at three months of falling sales. Prices across the country rose 10.4% in December from a year ago to an average of $389,119, according to […]

10 Best-Kept Secrets for Buying a Home – Ask a Vancouver Mortgage Broker

Get the most out of your money with these handy home-buying tips. More from Buying & Selling: 20 Best-Kept Secrets Filed under: Home Buying, Home Staging, Remodeling Buying Secret #10: Keep Your Money Where It IsIt’s not wise to make any huge purchases or move your money around three to six months before buying a new home. You don’t […]

Canadians still pay 62% more for a home than in U.S – Consult with a Vancouver Mortgage Broker

Canadians still pay 62% more for a home than in U.S   MICHAEL BABAD – The Globe and Mail Follow Michael Babad and the Globe’s top business stories on Twitter. Canada-U.S. house price gap still wideThe price gap between homes in Canada and the United States remains “yawning” despite the changing fortunes of the two real […]

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