Category: Uncategorized

Mortgage rates are still elevated ~7%, affecting monthly payments and borrowing capacity for homebuyers.Improving your credit score and making larger down payments can help secure better mortgage rates.

The Bank of Canada members are divided on when to cut interest rates. Some members worry that inflation reduction might stall, while others are concerned about slowing down the economy too much.

To all Canadians around the world, a very happy Canada Day to you all. This day commemorates the unification of the three North American British colonies. Canada Day is a celebration of a united Canada and examining its defects, past and present, should not lead us to overlook its strengths. So let’s pour our hearts…

Define goals: Determine property needs, first-time buyer, investment, or selling, before choosing a REALTOR®. Verify credentials: Ensure the REALTOR® is licensed and a member of a Real Estate board or association.

ON's total mortgage balance in "severe delinquency" exceeded $1B for the first time. Mortgages in severe delinquency are double the pre-pandemic levels.

Speak to friends, local business owners, and check for "sold" signs in desired neighborhoods.Look for agents who’ve successfully closed transactions in the area where you’re looking to buy.

Among first-time homebuyers, 77% purchase with others: Spouse (61%) Parents (16%) Friends (11%) Siblings (7%) Buying with someone, especially if unmarried, warrants consideration of legal agreements for property rights.

Even with low credit, you can still buy a house in Canada, the housing market is expected to rebound in 2024.To build a strong mortgage application, focus on improving your credit score; understanding how credit score is calculated is key.

Rising construction costs outpace home insurance adjustments, leaving many homeowners underinsured after disasters. Increased natural disasters and insurer pullout in vulnerable areas limit homeowners' options and drive up costs.