mortgage NEWS
- Canadians want to avoid haggling over home prices
April 30, 2012
Even though a property may be highly sought after due to its desirable neighborhood, spacious backyard or curbside appeal, homebuyers are only willing to go so far when it comes to purchasing it, a new survey suggests.
- Housing starts, confidence on the increase in Canada
April 16, 2012
The Canadian housing market continues to thrive, as newly released data makes abundantly clear.
- The time to buy a home is now, Canadians say
April 12, 2012
A wise man once said don't put off to tomorrow what you can do today. And according to a recent poll, many people are applying that pearl of wisdom to their housing decisions.
- Home sales, prices on the increase
April 02, 2012
Through the first few months of 2012, the real estate market in Canada has been hot and heavy, a new report indicates.
- Canadian home sales rise in February
March 26, 2012
A new study suggests affordable mortgage rates may have led to an increased pace of home sales in February throughout the country.
- Canadians prefer Florida when buying home in U.S.
March 19, 2012
Affordable mortgage rates, an improved economy and warm weather are among the things that had many Canadians considering purchasing a home in the southern portion of the United States last year.
- Home sales rise in Toronto, Canada
March 09, 2012
With mortgage rates continuing to be affordable for creditworthy borrowers, home sales are moving at a swift pace in the Greater Toronto Area and Canada as a whole, new reports indicate.
- Home sales soften in January
February 16, 2012
After a strong finish to 2011 from a home sales perspective in Canada, 2012 got off to a more meager start, a new report suggests.
- High demand, low supply sends Toronto home prices up
February 09, 2012
Torontonians continued to purchase properties at a fast pace as the calendar turned from 2011 to 2012, according to the latest housing figures released by the Toronto Real Estate Board.
- Relationship prospects impacted by finances for many
February 08, 2012
A new poll suggests that for a considerable number of Albertans, money management is something they take into consideration before deciding about whether or not to settle down with someone.
- Labour costs among top concerns for Canadian restaurants
February 06, 2012
A new survey finds that rising food and labour costs are among Canadian restaurateurs' chief concerns in the next several months.
- Increased borrowing driven by households with highest debt
January 31, 2012
A new report indicates that the considerable amount of borrowing Canadians have done since 2007 to finance their expenses has been perpetuated by households that have the highest amounts of debt.
- Canada home sales close 2011 in style
January 18, 2012
A new report indicates that home sales during the last couple of months of 2011 were a microcosm of the year as a whole, as housing activity finished on a positive note.
- GTA homes sell at record pace in 2011
January 10, 2012
Throughout much of 2011, the housing sector in Toronto moved at a swift pace, with a considerable number of homes being bought and sold. According to the Toronto Real Estate Board, the last month of the year proved to be no exception.
- Debt management top priority in 2012
December 30, 2011
While Ontario residents have many priorities they want to address heading in the new year, a top financial concern appears to be debt loads, a new poll suggests.
- Many missing debt reduction opportunities
December 09, 2011
While most Canadians say paying down their debt is a top priority for them, a new study indicates that many of these same people have been unable to do so effectively.
- Homeowners hope to be mortgage-free by 65
November 22, 2011
While nearly three in every four Canadians hopes to be mortgage-free by the time they turn 65, the likelihood of that happening is slim for many, a new poll indicates.
- Low mortgage rates to keep housing stable
November 17, 2011
Several housing reports have been released in the past month and BMO Capital Markets recently released one of its own, describing Canada's real estate climate as "balanced."
- Buying fixer-upper may be worthwhile, OREA advises
November 11, 2011
With home prices on the rise and expected to go even higher next year, one of Ontario's leading housing organizations suggests home buyers may want to consider a residence that may require some work as opposed to one that's move-in ready.
- Financial organizations look to help Canadians save
November 08, 2011
Two organizations are in the midst of campaigns that aim to help Canadians take control of their financial futures.
- CMHC predicts stable housing market for Toronto
November 07, 2011
As 2011 nears its end, real estate analysts are projecting what's in store for the Toronto housing market and the country in general in 2012.
- World events impacted Canadians' investment decisions
October 26, 2011
As 2011 nears its end, a new survey is indicating that some of the significant events that took place in the world throughout the course of the year have had an adverse impact on Canadians' confidence in their investment options.
- Canadian boomers expect to retire mortgage-free
October 13, 2011
A new study indicates that while a majority of Canadian boomers believe they will retire mortgage free, a considerable number of them have yet to pay off their home loans.
- Resale home prices increase in July
September 28, 2011
Canadian resale home prices rose in July, marking the eighth-straight monthly gain, a new report details.
- Real estate activity in Canada slows
September 27, 2011
Poor global economic conditions are having an adverse affect on the health of Canada's housing sector but compared to other countries, real estate in Canada is for the most part positive, according to a recent report from Scotia Economics.
- Toronto home sales rise 25 per cent
September 20, 2011
Through the first two weeks of September, home sales rose considerably in the Greater Toronto Area, according to a new report.
- Home sales hold firm in August
September 16, 2011
Canadian home transactions were strong last month, despite global economic instability, according to a new report.
- Mortgage rules may tighten, economist predicts
September 13, 2011
Though mortgage rates are at historic lows, it may soon become harder to obtain a mortgage, as financial experts are predicting restrictions may become more stringent, the Financial Post reports.
- Younger Canadians lack appreciation of low rates
September 13, 2011
While mortgage interest rates have hit historic lows, a considerable percentage of younger Canadians don't have an understanding of how they compare to prior years, a new survey reveals.
- House prices continue ascending
September 01, 2011
The housing market continued to perform well in the month of June, as a new report indicates home prices rose in June.
- Majority of retirement-age adults hold debt
August 30, 2011
Canadians often have a goal of being debt-free by the time they reach retirement, but they rarely accomplish the task on time, according to a new poll.
- Consumer confidence declines for fourth straight month
August 25, 2011
The latest consumer confidence figures have been released, and according to the report, pessimism reigns supreme among Canadians.
- Housing affordability drops nationwide
August 23, 2011
According to a recent report from the Royal Bank of Canada, housing affordability slid during the second quarter of the year, marking the second straight period in which buying a home became more expensive.
- Nearly half of baby boomers still paying off mortgage
August 19, 2011
According to a recent study conducted by Canadian Imperial Bank of Commerce, nearly half of Canadian baby boomers are still making mortgage payments, many of whom are approaching retirement age.
- Home sales flat in July
August 16, 2011
A month after resale housing activity increased in Canada, home sales were stable in July, according to the latest report from the Canadian Real Estate Association.
- Interest rates likely to stay put
August 10, 2011
While Canadian economists have been forecasting a hike in interest rates in the near future, the economic crisis in the United States and several European countries has likely changed the reality of that prediction, the Globe and Mail reports.
- Toronto home sales jump in July
August 05, 2011
Perhaps as a result of economists predicting mortgage rates will soon rise in Canada, home sales moved at a robust pace last month.
- Another economist predicts rising interest rates
August 02, 2011
A chief economist at the Royal Bank of Canada says that the hike in rates will test Canadians' mettle, as many may be financially impacted as a result.
- The time may be right to shop around for new bank
July 25, 2011
With interest rates hovering at their lowest levels in recent history, the Toronto Star says now may be the best time for Canadians to switch banks.
- Economic growth expected to slow
July 22, 2011
A new report from the Conference Board of Canada reveals Canadians as a whole - both government bodies and residents - will likely spend less in the second half of 2011, largely as a result of economic uncertainty in other nations like the U.S. and Greece.
- Bank of Canada keeps target interest rate at 1 per cent
July 19, 2011
For months, economists have predicted interest rates will rise in the country. However, the Bank of Canada has not yet made that move.
- June home sales rise nearly 3 per cent in Canada
July 18, 2011
As May turned into June and temperatures rose, so too did the number of homes sold, as a new report from the Canadian Real Estate Association indicates.
- Economists anticipate rate hike in fourth quarter
July 14, 2011
If Canadians were on the fence about whether to get into the homebuying market now or later, a recent survey suggests sooner may be better.
- Active homebuying markets may cool down with possible mortgage rate hikes
July 13, 2011
Some of Canada's most active homebuying markets may be headed for a cool-down period if mortgage interest rates rise as anticipated, according to a report from BMO Economics.
- Report: Toronto is Canada's most expensive city
July 13, 2011
A new survey is out on some of the world's most expensive cities to live in.
- Housing starts increase in June
July 11, 2011
In order to fulfill the ongoing demand for homes, housing starts increased last month, according to a new report from the Canadian Mortgage and Housing Corporation.
- Survey: More first-time homebuying in 2011
July 08, 2011
While a significant number of Canadians purchased their first home last year, a new survey is indicating more first-timers are in the market this year.
- TREB manager explains why Toronto home prices are rising
July 07, 2011
Canada's most populous city, Toronto, has seen home prices increase dramatically over the past year. To determine why this is happening, the National Post recently spoke with the senior manager of the Toronto Real Estate Board, Jason Mercer.
- Senior housing vacancy rate in Canada decreases marginally
July 06, 2011
A new report from the Canada Mortgage and Housing Corporation reveals vacancy rates for senior housing residences are still close to 11 per cent.
- Bank of Montreal offers mortgage tips
June 30, 2011
After Statistics Canada reported earlier this month that Canadian household market debt reached an all-time high of $1.5 trillion, the Bank of Montreal has issued some financial tips that may help homeowners pay off their mortgages.
Contributing writers
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