8 Common Mistakes Most Homebuyers Make
Becoming a homebuyer and applying for a mortgage can seem overwhelming. Especially if it's your first time.
Overvaluation eases, but Canada’s housing market still highly vulnerable
The Canada Mortgage and Housing Corporation released its quarterly Housing Market Assessment, reporting that on a national level, the country’s major housing markets are still highly vulnerable, though overvaluation is easing.
National housing starts trend drops in September, but increases in Toronto
The Canada Mortgage and Housing Corporation released its monthly housing starts figures for September 2018, reporting a trend decrease.
It’s time for families to embrace condo living
The Canada Mortgage and Housing Corporation sees moderation in our future, but it means more buyers need to start embracing the possibility of high-rise living, or at least high-density.
Ontario vacancy rate remains near historical lows
The Canada Mortgage and Housing Corporation released its latest Rental Market Survey, reporting a drop in the overall vacancy rate.
Real Home Costs
Remember that while you may have your mortgage under control you will need to plan ahead to cover some of the other costs of home ownership.
Canadian housing market to moderate in 2019 and 2020
The Canada Mortgage and Housing Corporation released its 2018 Housing Market Outlook, and it looks like moderation is the name of the game for the next two years.
Know Your Worth
By using the same formulas and ratios that banks and trust companies use, it's possible to determine the approximate size of the mortgage you will qualify for.
Home sales may spike in November and December
According to the CREA, we maysee home sales spike in November and Decemeber as buyers rush to purchase before the new mortgage regulation kicks in!
Ground-oriented housing starts gaining strength in Toronto
According to the Canada Mortgage and Housing Corporation’s monthly housing starts report, national starts trended at 223,507 units in September 2019, up slightly from 218,782 in August.
