Globe and Mail ~ May 19th, 2022 Will potential changes to the mortgage – HELOC rules impact you? The trendiest type of home equity line of credit is in the crosshairs of Canada’s banking regulator, which is looking to curb risky borrowing as rising interest rates put added pressure on… Read More
Category: News
As housing market cools, surburban home prices and sales are dropping faster than the downtown core
After Torontonians flocked to the suburbs, experts say the pandemic-fueled balloon outside the downtown core is starting to deflate as the cost of borrowing rises and offices reopen their doors. Click here to read the full article.
10 Reasons Why Homebuyers May Not Qualify for the Best Rates
Why do homebuyers not qualify for the mortgage rate they thought they would? Here are some of the more common reasons why homebuyers who expect to qualify are later refused, or aren’t able to secure the best market rates. Click here to read the full article.
Transparency must not be optional when blind bidding for homes
Financial Post ~ April 25th, 2022 The real estate industry and the provinces are mindful that the federal government is likely to act soon on its electoral promise to ban blind bidding. Recently, Ahmed Hussen, the Minister of Housing and Diversity and Inclusion, revealed plans to unveil a Home Buyers’ […]
The divide between housing haves and have-nots is growing – will a politician exploit it?
Globe and Mail ~ March 28th, 2022 Without a blistering correction in the real estate market, a growing number of people will never own a house. Expect them to be angry about it. In fact, anger among young adults about the declining affordability of owning a home is already building. […]
Bank of Canada hikes key interest rate to 0.5%
The Bank of Canada raised its benchmark interest rate to 0.5 per cent on Wednesday, a move that’s expected to be the first of a series of small rate hikes this year in an attempt to tame inflation that has risen to its highest point in decades. It’s the first time […]
Are you in a position to accelerate retirement plans?
Real estate prices across the country have been on a tear with MLS Home Price Index benchmark prices up nationally by 13.9 percent year over year in September, according to the Canadian Real Estate Association (CREA). For those in a position to capitalize, the increase in real estate wealth offers […]
Housing Market Reaching Record Highs in 2021
The year is not yet over, but the Canadian Real Estate Association says 2021 was the busiest year ever for Canada’s housing market, with average selling prices climbing too. In the early days of the COVID-19 pandemic, fear and uncertainty slowed the housing market to a crawl. But ever since […]
Pattie Lovett-Reid: Why reverse mortgages are something to consider, not fear
Many worry that someone could step in and take over ownership of their home, and have ongoing concerns about owing more money than your house is worth. This is due to the interest charged on the money you have borrowed, and there may be fears that if one spouse dies, […]
Surging real estate wealth is a golden opportunity for some to accelerate retirement plans
Real estate prices across the country have been on a tear with MLS Home Price Index benchmark prices up nationally by 13.9 per cent year over year in September, according to the Canadian Real Estate Association (CREA). Vancouver Island, Chilliwack, New Brunswick, Moncton and 17 Ontario real estate boards, including […]