May 28, 2009

Majority of Canadian Home Owners Hold More Than 50 Percent Equity

As Canadians weather the harsh economy, a beacon of their strength is the considerable amount of equity they have in their properties, according to a report released today by the Canadian Association of Accredited Mortgage Professionals (CAAMP). New challenges, such […]
May 26, 2009

Housing Activity Will Moderate in 2009, Improve in 2010

OTTAWA, May 19, 2009 — Housing starts are expected to decline to 141,900 for 2009, but increase to 150,300 for 2010, according to Canada Mortgage and Housing Corporation’s (CMHC) second quarter Housing Market Outlook, Canada Edition* report. “The decline in […]
May 22, 2009

Local Real Estate: The Real Story

I have always maintained that the most important real estate stories are local.  What is happening to you and me, and not what is happening in Riverdale or King West, can help us make the right real estate decision. This week, […]
May 21, 2009

Greater Toronto Resale Housing Sales Up in First Half of May

TORONTO, May 19, 2009 – Greater Toronto REALTORS® reported 4,561 transactions in the first half of May – an increase of three per cent compared to May 2008. “Members reported a rise in buying activity this month,” said TREB President […]
May 19, 2009

Home Maintenance Tips for Spring

As seems to be the tradition for a lot of people on the Victoria long weekend, we spent it catching up on our spring clean up. Fortunately, I had CMHC (Canadian Mortgage and Housing Corporation) remind me of all the tasks […]
May 13, 2009

Disaster Strikes

I recently read that parliament decided not to pay for the 72 hour disaster kit for high paid civil servants. That got me thinking…what is a 72 hour disaster kit? As it turns out, I am not alone.  42 percent […]
May 7, 2009

Sales Break 8,000 in April

TORONTO – May 6, 2009 — In April 2009, Greater Toronto REALTORS® reported 8,107 sales – down seven per cent from April 2008. While April sales remained lower than last year, the housing market gained momentum on a month-over-month basis. […]
May 6, 2009

What Can You Afford?

I had a conversation with a colleague yesterday who was surprised to find that his mortgage payment was the same as when he bought the house 20 years ago.  When he bought the house, he paid $190,000 and his interest […]