Could this real estate market be turning?

Could this real estate market be turning?

As per the Canadian Real Estate Association’s latest update, national home sales fell 1.7% between March and April and 7.5% since April 2016. Newly listed homes, however, were up 10% between March and April. This is good news if you want to purchase a home now. It...
What’s new for Canadian mortgages in 2017

What’s new for Canadian mortgages in 2017

The mortgage world has definitely changed over the last year with what seemed like new mortgage rules coming out monthly. Last week, CMHC announced new increases to the insurance premium charged on mortgages it insures. This new change will take effect March 17th....
Farewell to 2016

Farewell to 2016

What a year 2016 has been, from the many mortgage rule changes in Canada that created great confusion and questions to the most of interesting US elections and now rising interest rates in the US. The US Federal Reserve recently pushed interest rates up by just 0.25%,...
Why Canada is a great place to own real estate

Why Canada is a great place to own real estate

Canadian real estate prices remain strong. Our low interest rate environment and diverse, stable economy attract investors looking for appreciating assets to invest in, such as real estate. Federal and provincial governments have attempted to slow down how...
Home prices still rising

Home prices still rising

The Bank of Canada announced at its rate setting meeting on July 13th that it will maintaining its target for the overnight rate at 0.5%. This is good news, as this interest rate affects the interest on your variable rate mortgage, new mortgages, and even loans. The...
Calgary home sales are down but number of homes are on the rise

Calgary home sales are down but number of homes are on the rise

According to the Calgary Real Estate Board, the benchmark selling price of the typical home in Calgary last month was sitting at $440,400. The price is up 1.1% from $439,700 in May but is still nearly $20,000 below the selling price from a year ago. “The...

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