ViewStock via Getty Images
It makes me angry because it means I have little control over protecting my clients.
Portra via Getty Images
One of the most beautiful times of year here on the west coast, spring has traditionally been a season that ushers new homebuyers into the Vancouver real-estate market. Whether you're new to Canada or making the leap to home ownership for the first time this season, here are some considerations.
Mathieu Belanger / Reuters
Buying a house can be a great investment, but finding the cash to do so can be hard. The Home Buyers’ Plan (HBP), a program offered by the Government of Canada, is one way to help you make the big mov...
Kathleen Wynne promises a "small change," not radical reforms.
Tetra Images via Getty Images
"Be patient and know exactly what you want."
Larry Washburn via Getty Images
Buying a home can be an overwhelming experience. From figuring out your budget to deciding what neighborhood works best for you and your family, the considerations are endless.
pictures of money/Flickr
With penalties and repercussions feared as a result of such withdrawals, is it any wonder that Canadians are hesitant to take what they would consider to be an unnecessary financial hit? Yet there are opportunities for RRSP funds to be withdrawn without specific penalties.
Buying a new home can be a daunting experience -- especially if it's your first time. One thing that banks love to do is tie mortgage insurance into your mortgage agreement, right along with a dangerous-looking checkbox you need to fill in if you choose to "recklessly" opt out. Here's why I want you walk into that mortgage broker's office, check that box, sign that line and opt out of it with total confidence.
My suggestion to people concerned about housing in Toronto and Vancouver is to stop looking for a scapegoat, stop searching for someone to blame, and start coming up with real, workable plans. The first step is to accept that high housing prices are justified based on supply and demand and devise a workable strategy that can either increase supply or reduce demand based on current market conditions. Be part of the solution, not the problem.
With house prices soaring, at least in Toronto and Vancouver, you'd expect first-time home buyers to be having an ever-harder time breaking into the housing market. And the data does show that afforda...
Rob Daly via Getty Images
How many of us actually are?
Justin Lightley via Getty Images
TORONTO - A Bank of Montreal report suggests first-time home buyers are increasingly turning to the "Bank of Mom and Dad."BMO's 2015 Home Buying Report found that 42 per cent of first-time buyers told...
Benis Arapovic via Getty Images
If you’re a first-time homebuyer trying to get into the market, you probably get knots in your stomach when you hear a single-family home in Toronto now averages more than $1 million, or that Vancouve...
Renting isn't so bad, and until you're absolutely, positively ready to afford a house (and the seemingly endless costs that come with it), you should probably focus on the brighter side of tenancy. Take a step back, sit out the home buying season, and relax.
Mortgage brokers would be doing their clients a disservice if they simply offered low rates without clearly going through the details. Misguided borrowers sometimes choose a less advantageous product based on rate alone. This often leaves them restricted or stuck with a lender that doesn't truly value great customer service.
Fuse via Getty Images
Many experts believed that the real estate market was cooling. But as the spring buying season begins, it’s clear that’s not true. According to the Canadian Real Estate Association, the national aver...
Sotheby's Int'l Realty
TORONTO - A Bank of Montreal report on first-time home buyers says the average budget has increased to $316,100.That's up nearly six per cent from an average of $300,000 in last year's report on first...
Baby boomers coming into almost $1 trillion in inheritance will bolster Vancouver's real estate market as they downsize and help their millennial children buy their own homes, says a new report. The t...
TORONTO - Ottawa's move to tighten Canada's mortgage rules a year ago helped cool down the country's real estate market by forcing some first-time home buyers to delay their purchases, economists say....
In some respects, Katrina Armstrong has chosen to have a family over owning a family home. She and her husband, who share a two-bedroom rented apartment in a leafy, west-end Toronto neighbourhood wit...