4 10, 2021

Canadian Home Prices Expected to be up by 20% by End of Year

By |2021-10-04T16:30:15-04:00October 4th, 2021|Buying a New House, home ownership, Housing Market, Lease-to-own, Mortgages, Real Estate, rent-to-own|0 Comments

Canadian home prices are on the rise with a near 20% projected increase by the end of December, according to the Canadian Real Estate Association’s (CREA) most recent report As home sales across the country saw a slight drop in August, falling 0.5% compared to July, prices continued to rise, bringing the average Canadian home [...]

2 10, 2021

Canadian Renters are Losing $769 More per Month than Homeowners

By |2021-10-02T11:29:32-04:00October 2nd, 2021|Buying a New House, Real Estate, rent-to-own|0 Comments

Canadian homeowners are effectively paying significantly less per month than renters, a new study from Royal Le Page says. The study, which sought out to answer the age old question of “is it better to rent or buy?” analyzed price data from across the country. It found that although homeowners are often paying much more [...]

20 04, 2021

What in Tar Hill is a Stress Test Anyway?

By |2021-04-21T10:36:31-04:00April 20th, 2021|Uncategorized|0 Comments

You have heard the term, maybe on the radio, in a newspaper or in the news. Stress Test. But what is it exactly? A mortgage stress test is a way of determining exactly how much you can afford (and under what circumstances). If your income was reduced or you lost your job, could you still [...]

19 03, 2021

Early Spring Market Expected in Durham Region

By |2021-03-19T17:11:41-04:00March 19th, 2021|Buying a New House|0 Comments

Durham Region experienced a super-charged real estate market in January, which flowed from a booming fourth quarter in 2020. As a result, the area is on track to see an early spring market. In January, what’s typically a quiet month for home buyer activity, the Durham Region — which spans Ajax, Brock, Clarington, Oshawa, Pickering, [...]

6 11, 2020

Bank of Canada Signals Low Rates Until 2023

By |2020-11-06T14:40:50-05:00November 6th, 2020|Benchmark Rate, Housing Market, Interest Rates|0 Comments

Mortgage shoppers take note: Cheap money is here to stay, at least for the next two years, the Bank of Canada reaffirmed during its interest rate decision on Wednesday. The BoC had previously provided guidance that rates would remain at their effective lower bound—currently 0.25%—“until 2 percent inflation target is sustainably achieved,” but went a [...]

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