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The U.S. Federal Reserve borrowed a play from Bank of Canada governor Mark Carney on Wednesday when they promised to keep interest rates low until at least the end of 2014. This is a good indication that Canadian rates will stay low as well, thus continuing the support of the real estate market here. In Canada [...] CMHC is pleased to introduce two new tools designed to provide you with flexible and convenient ways to access comprehensive CMHC information anytime, anywhere. The CMHC Mobile Kit for Mortgage Professionals Whether you are in the office or on-the-go, the new CMHC Mobile KIT provides quick and convenient access to tools and resources relevant to today’s busy mortgage professional. [...] You have many options available when selling your home in Toronto, Canada. First, I want to tell you that yes, the rumours are true, you do not need a realtor to sell your house in Ontario, or even Canada. You can sell it yourself – privately. This is known as private sale or for sale by [...] Identifies average home listing price in 30 countries and more than 60 markets Coldwell Banker Real Estate LLC today released a report on international housing markets, which compares similar four-bedroom, two-bathroom homes in 30 countries and more than 60 markets outside the United States and Canada. Among the more affluent markets in the report is [...] As our Canadian dollar increases in value and property values in the United States drop, the excitement of Canadians looking to purchase property in the United States increases. Canadian buyers know about properties through-out the United States that could be a great investment vehicle suitable for retirement as well as recreation. The value out there at the moment is tremendous, and we [...] Today Canada’s Federal Finance Minister Jim Flaherty introduced new restrictions to be placed on mortgages insured by the CMHC. (Those are mortgages where the homeowner contributes less than 20% of the purchase price as a down payment.) These new rules will take effect on March 19, 2011. · Maximum Mortgage Amortization periods will be reduced from [...] In the media there are steady reports of Canadian real estate being in a bubble. These reports usually compare the increase of sale prices to the increase of incomes or potential mortgage payments to rental payments. If these reports make you think about the value of real estate and how real estate is valued and [...] Is Homeownership Right for You? You’ve weighed your options, and now you want to buy a home. Purchasing a home is one of the biggest investments Purchasing a home is one of the biggest investments you'll ever make. So before you make an offer, make sure you're ready to take on all the financial and emotional [...] Are You Financially Ready? If you’re like most Canadians, your home is probably the most important investment you will ever make. But how do To help you determine if you are financially ready to buy a house, CMHC offers a number of simple calculations that you can do to evaluate your current financial situation, how much [...] What You Should Think About When Financing Your Home If you’re like most Canadians, your home is probably the most important investment you’ll ever make. Whether Whether you’re buying a home or refinancing your existing home, making the right decision now can help save you money and provide greater financial stability for your family in the [...] |
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Copyright © 2012 REAL VALUE - All Rights Reserved. Unless otherwise identified, content written by Marcus Assalone. Some information may have been taken from CMHC, RECO, or Toronto Real Estate Board publications. Opinions expressed in comments do not neccessarily reflect those of Marcus Assalone or Coldwell Banker. 
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