Below you'll find a list of all posts that have been tagged as “interest rates”
Another year has come and gone, and with a new year comes new goals. Whether you’ve decided this is the year you’re going to sell your home or if you’re just considering it, you need to know which buyer trends to expect in 2020. We’ve laid out the most important trends for this year and how it could affect your …
1. Clean house Make sure your home is spotless! Get rid of odours – a huge turnoff for prospective buyers – by opening windows, washing floors and walls and cleaning your rugs and upholstery. Next, de-clutter your space. A jam-packed house not only makes the house look cluttered, but it also makes the house look smaller. When you are selling, …
You will have many options when it comes to choosing a mortgage. Your lender or broker will help you find the mortgage that best matches your needs. Become familiar with the following terms and options to help with your decisions. Amortization period: The length of time you agree to take to pay off your mortgage (usually 25 years). Payment schedule: How …
According to a CIBC poll, 1 in 4 Canadians are focussing on paying down their debts in 2019 as interest rates rise. Results of the survey found that 29% of respondents increased their amount of debt in 2018. This increase was due to the following: Day-to-day Items – 34% Purchasing a New Vehicle – 24% Paying for a Home Repair …
Starting October 1, 2018, it will be easier for the self-employed to qualify for a mortgage. CMHC just announced it’s giving lenders more guidance and flexibility to help self-employed borrowers. The move is designed to assist self-employed Canadians who may have a harder time qualifying for a mortgage as their incomes may vary or be less predictable. CMHC is providing examples of factors …
Homeowners in Toronto and Vancouver believe that foreign investors are responsible for driving home prices upwards but there are no official statistics to support this theory. “It has been a misconception among Canadian home owners for a few years that foreign buyers have been the cause of the housing shortage and escalating sale prices. However, statistics are showing that foreign …
The federal government is moving again to tighten the rules on mortgage lending in Canada amid growing concerns that the housing market is overheated and household debt levels are climbing to perilous levels, according to the Globe and Mail. As debt levels continue to reach record levels and the housing market has showed no signs of slowing down, the government …
Buying a home today…at today’s prices, would have a home owner paying less per month than if that home owner bought a home 25 years ago…at 1987 prices! I was recently at a real estate symposium and we were discussing the affordability of homeownership in today’s market. We were talking about current purchase prices vs. historic low interest rates and …
The Hamilton‐Burlington real estate board has just reported 819 property sales through the MLS for the month of January. This represents almost an 11 per cent increase in sales over the same month last year. They have also reported that 7.7 per cent fewer listings were taken in January 2012 compared to January of last year. The average sale price …
What you should know about deeply discounted mortgage rates You’ve heard the expressions ‘cheapest isn’t always best’ OR ‘you get what you pay for’. This also applies to shopping for the best mortgage rates. When you are looking at paying off your largest investment over 25-30 years, it is easy to jump on the lowest rate available. But, the low-rate …
