The highlights of CMHC’s First-Time Homebuyers Survey
The Canada Mortgage and Housing Corporation (CMHC) has released the results of its 2015 First-Time Homebuyers Survey. The survey was conducted online last April and there were 788 participants from across Canada. They had all purchased their first home
Will 300,000 Canadians soon have more debt than assets?
This week, the Canadian Centre for Policy Alternatives released a study by senior economist David Macdonald that says a home price decline of 20% would leave 169,000 families under 40 in a negative-equity position, with more debt than assets. “Declines
Perception of control is a big benefit of home ownership
This week’s headlines for the housing industry could be last month’s, last year’s or yesterday’s — “No sign of slowdown,” “Hot housing market to slow next year,” “Buyers tread cautiously.” They could just as easily say, “Lacking crystal ball, most people
3 examples of Dundee Kilmer’s MyHome program in action
Post the Pan Am/Parapan Am Games, everyone in Toronto and the GTA knows about the Canary District, Dundee Kilmer’s master-planned community in Toronto’s east end that served as the Athlete’s Village for the Games. What some may not know about the
First-time buyers will forge a new Toronto
GTA home prices continue to surge, with double-digit increases over last year in Toronto and York Region. Detached prices are driving the surge, with the average Toronto detached going for more than a million, at $1,053,871, a 10.7% increase
7 common pitfalls in real estate investment
By Patricia EvansWith condo buildings rising left and right, it’s tempting to think that investing in real estate is a no-fail affair. The real estate industry is certainly profitable but just like any other market, investment conditions can become
6 designer tips for choosing paint combinations!
What happens when you mix a former art gallery owner with an interior designer? Magic!When I met Wendy Tracey, Director of Marketing for Mason Homes, I knew instantly we would work well together. The former art gallery owner not only has an eye for art
How will the housing market be affected by the federal election?
With a couple of notable exceptions, the federal parties haven’t offered much in the way of concrete platforms that directly relate to housing, each has a few policy changes up their sleeves that will affect the affordability of homes and the income
Do We Need More Changes to the Mortgage Rules?
The Financial Post last month reported that our representatives in Ottawa were considering increasing the amount of down payment required to obtain a mortgage, citing sources that claimed further measures to cool the house market, including restrictions
You Need to Do Your Homework Before Buying a New Home
Toronto is a relatively young city, and with a young city comes new opportunities, new housing, and most importantly, new families. Real estate is one of the most promising and safest investments you can make in order to set a foundation for your future.
