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September 14th, 2017

Numbers speak louder than words in the real estate world; many expert investors and future home buyers rely upon them to make informed decisions. These statistics are a sign of the state of the market and could help in making a buying or selling decision. Here are our 5 ways the real estate market has declined in 2017 1. In Vancouver house sales declined by 26% in August 2017 when… Continue Reading

September 14th, 2017

mortgage trends, real estate trends

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August 31st, 2017

The effects of the Ontario government’s Fair Housing Plan are now being felt, and nowhere is the impact more evident than in the Greater Toronto Area. Prior to the Fair Housing Plan’s implementation, the GTA real estate market had all the characteristics of a bubble, and the Ontario government had made it clear that it needed to be addressed. These measures appear to be working, as the number of sales… Continue Reading

August 31st, 2017

government, home selling, house buying, real estate trends

June 16th, 2017

Housing prices in Ontario are declining due to new policies implemented by the Ontario Liberal government. Real estate agents in Ontario report more listings posted in Ontario and fewer people bidding for homes. According to the statistics, home prices in Toronto are 20% lower than they were one year ago. In June of last year, there were 40% fewer homes listed for sale in Ontario. A greater supply means lower… Continue Reading

June 16th, 2017

home selling, house buying, real estate trends

May 30th, 2017

Home Capital Group is the parent company of Canada’s largest non-conforming mortgage lender, Home Trust. At the end of 2016, Home Capital had $26.4 Billion under administration. For people with bad credit or are self-employed, Home Trust was in many cases the first choice for a mortgage. While high-risk mortgage lenders typically offer higher interest rates than banks, the rates at Home Trust were among one of the lowest, and… Continue Reading

May 30th, 2017

banks, mortgage trends, private lenders, second mortgages

April 6th, 2017

Our graphics team have created this infographic to highlight some Canadian Real Estate Association estimates for 2017. This information was sourced from the CREA website and the full report can be found at www.crea.ca/news/crea-updates-resale-housing-forecast-18 Canadian Real Estate Outlook for 2017 Many homeowners in Canada are wondering if the red-hot Canadian real estate market will decline in 2017. The Canadian Real Estate Association is predicting a modest reduction in home values… Continue Reading

April 6th, 2017

real estate trends

March 14th, 2017

For many people living in Toronto, the idea of owning a home is a fantasy and becoming comfortable with renting is required to live in the city. The house bidding wars have been standard practice in Toronto for quite some time, but bidding wars for rental units are becoming common as well. Toronto’s overall condo apartment vacancy rate is 1% according to CMHC, and this is the lowest rate seen… Continue Reading

March 14th, 2017

real estate trends, rentals

January 17th, 2017

Real estate and mortgage statistics are good to know for anyone with a property in Ontario. The information can help in choosing the right mortgage product and you can use these stats to gain some insights to where the market might be headed in the future. The numbers may differ depending on your city and neighborhood but here are some real estate trends that might affect the real estate market… Continue Reading

January 17th, 2017

real estate trends

August 15th, 2016

When done right, a rental property is an excellent investment. Historically, Canadian real estate has been a great hedge against inflation. Just think of all those Toronto Baby Boomers whose paid-off homes are now worth hundreds of thousands more than they originally paid. By investing in an income property, you are securing your money in a tangible asset. What is more, the financial benefits are twofold: rental properties provide a… Continue Reading

August 15th, 2016

income properties

July 5th, 2016

Earlier this month, a mortgage-related article published on BNN.ca caught my eye. Looks like Canada’s household debt hovers near record high as mortgage borrowing picks up. Statistics Canada reports that the household debt-to-disposable-income ratio was 165.3 percent for the first quarter of 2016. How does that compare to previous numbers? The last quarter saw the highest ever household debt ratio at 165.4 per cent. That means that so far in… Continue Reading

July 5th, 2016

debt

June 24th, 2016

There are many reasons you may want to – or need to – cancel your mortgage. Maybe you’re paying too much interest. Maybe you need to relocate for work. Or maybe you haven’t even moved in yet, but your circumstances have changed. Regardless of the reason, breaking a mortgage can be difficult and expensive. Here’s a brief overview of how to cancel your mortgage. If you haven’t yet received the… Continue Reading

June 24th, 2016

mortgage agents, mortgage trends

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