April

April 26, 2012

Canada’s Housing Market cooling

TORONTO — Canadian home resale prices sagged in February from January, the Teranet-National Bank Composite House Price Index showed on Wednesday, and the pace of year-over-year growth has slowed. The index, which measures price changes for repeat sales of single-family […]
April 20, 2012

What is Rent to Owm

Rent to own home is like a car lease.Renters pay a certain amount in addition to rent each month to live in the house, and at the end of a lease period say three years — they have the option […]
April 18, 2012

Mid-Month Resale Housing Market Figures

Toronto, April 18, 2012 – Greater Toronto REALTORS® reported 4,557 transactions through the TorontoMLS system during the first two weeks of April 2012. This result represented an increase of almost seven per cent in comparison to the same period in […]
April 17, 2012

Why Toronto’s overheated Housing Market is unsustainable

While Canada’s high-flying housing market continues to stabilize, it’s increasingly evident that one city — Toronto — is a glaring exception. In sharp contrast to price moderation in most cities and a significant drop in Vancouver, where buyers are being […]
April 9, 2012

Reason People Buy

April 5, 2012

Tight Market Drives Double-Digit Price Growth

TORONTO, April 4, 2012 Greater Toronto REALTORS® reported 9,690 sales through the TorontoMLS system in March 2012. This result was up by almost eight per cent in comparison to the 8,986 deals reported during the same period in 2011. “The […]
April 5, 2012

The 4 C’s of Mortgage Underwriting

With Spring upon us, and new buyers out looking for houses, I thought today might be a good time to review the basics of what lenders look for as they decide to approve (or deny) mortgage applications. For at least […]
April 3, 2012

The 10-year versus 5-year mortgage: Which is better?

Mortgage debates used to centre around whether to go fixed or variable but the discussion these days is not whether to lock in a rate but for how long? Variable rate mortgages have slumped in popularity over the last few […]