Detached housing starts trending higher despite rising prices
The Canada Mortgage and Housing Corporation released its monthly housing starts data for August 2019, reporting the trend reaching 218,998 units, up from the 208,931 in July. The trend is a six month moving average of seasonally adjusted annual rates.
To all the first-time buyers out there, do not lose hope
I want people to be hopeful about the future, and for many, that involves feeling confident in their home ownership goals. A home is a foundation for your family. It’s a place to grow and to love.
Condo price growth continues to outpace detached home segment
The report looks at the first seven months of 2019 compared to the same period in 2018. Considering transactions in January to the end of July, the median price per square foot of a condo unit in the GTA increased 9.1% year-over-year to $743.
Millennials more likely to fib on their mortgage application
Would you ever fib on a mortgage application? Have you ever? Findings from a new Equifax survey suggests that Canadian millennials are more willing to do so than the general population.
Georgian International’s Endless Summer Social was a huge success!
The Endless Summer Social is one of Simcoe County’s largest private events, and it’s all in an effort to raise $50,000 for Mariposa House Hospice. Georgian International has committed to donating $10,000 a year over five years.
Should Canada allow a 30-year amortization for insured mortgages?
A new report by Mortgage Professionals Canada discovered that a 30-year amortization for an insured mortgage is the preferred option over the new First-Time Home Buyer’s Incentive.
How to transition from summer to fall home decor
Everyone knows that once September arrives and the kids are back in school it’s basically fall. Don’t be sad about the end of summer though, just use this time as an opportunity to transition from summer to fall home decor!
Greater Toronto Area resale market conditions remain tight through the summer
According to the latest report from the Toronto Real Estate Board, the Greater Toronto Area’s resale market remained tight through August 2019.
First-time buyers feeling optimistic about the housing market
BMO released the results of a survey conducted by Pollara Strategic Insights, announcing that first-time buyers in Alberta are the most optimistic in the country about buying a new home with more than 50% thinking that now is a good time to do so.
Should Canadian home buyers consider using the FTHBI?
First announced back in March in the last federal budget, the FTHBI has been the point of some debate, both for how the program is structured, and for some of the restrictions it places on home buyers who may wish to use it.
