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The average house price in Canada for October was just under $506,000.
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While most people think about home insurance as protection for costly events that can happen to their home, it's also important to think about the things that can put your ability to pay for your home at risk. To help you protect your dream home, no matter the situation, here are a few insurance tips and must-haves for your new purchase.
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As a mortgage broker working almost exclusively in B.C. for the last five years, I was curious to see how B.C.'s new foreign buyer tax and new mortgage qualifications would change my business. While some of the impact was predictable, I've been wholly surprised by its effect on other aspects.
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Toronto and Vancouver are joining an elite club of cities where many can't afford to buy housing.
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While the federal government is trying to rein in some of the borrowing that's taking place by making it more difficult to borrow, every one of us should take heed -- interest rates will rise. I believe the most important thing individuals should be doing is locking in their mortgages (ideally for five years).
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Having adequate insurance coverage to protect you and your family in the event that you can't pay your mortgage is a great idea. But is mortgage insurance the right type to buy?
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Renting or buying? The bottom line is that everyone needs a place to live. We've all heard the endless debates of which option is best. The short answer to this topic is quite simple -- it all depends on preference.
Encouraging Canadians to enter into an exceptionally inflated housing market where two houses are being built for every new person added to the working-age population may well lead to catastrophic results once the market goes into correction -- as it did in the United States in 2008, when that country's ownership rate reached 69 per cent.
Millennials are being hailed as the force that will drive down housing prices and mortgage rates for everybody. As the demand for housing shrinks while young adults put off buying their first house, so does the cost.
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The spending Stephen Harper promised could ultimately lead to strict rules about what kinds of homes — existing or new — foreign investors are allowed to own.
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They look like the family that has it all. Louise Edgerton, her partner, John Camus, and her 10-year-old daughter, Fianna, joke around while making brownies. They move around with ease in the gleaming...
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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...
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To many buyers and unit owners, condominium ownership may still be ambiguous and convoluted. Since condos aren't based on the same ownership structure as street-level traditional (freehold) homes, comparing condos to traditional homes is like comparing apples with oranges.
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The mortgage process is a daunting one, especially for first-time homebuyers. Here are some important facts you need to know about mortgages. This post was written by Charlotte Ottaway, originally pu...
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Living below two little kids (who sounded like quintuplets) when I was a university student gave me a soft spot for people who want to live in relative peace and quiet. So when my landlord sent me an email last month kindly asking me if there was anything I could do about my baby's crying, I wasn't miffed. I was, in fact, apologetic and obliging.
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In all of my meetings and blog posts, I always emphasize creating a budget and sticking to it, even if it means waiting a little longer before you buy, or buying something smaller.
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New home hunters be warned: The price you expect to pay for a new home is likely $83,556 short of what you'll actually end up spending, according to a new survey. The Bank of Montreal's Fal...
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Divorce rates are soaring, or so the story goes at least. One proposition is to take the long-term commitment out of marriage and, instead, have marriages that automatically expire after a fixed term of three or four years.
BuzzBuzzHome: The price gap between a standard two-storey house and condo in Vancouver just hit $712,027. If you had that kind of money sitting in the bank, you could either upgrade your suite to a si...
When it comes to buying a home, I find most people think that hiring an agent is free. This is one of the biggest misconceptions in the real estate industry, as there is actually a significant cost if you hire an agent when you buy.
TORONTO - More young Canadians believe owning a home is a very good investment, according to a new RBC home ownership poll.It says 86 per cent of those aged 25-34 believe owning a house or condo is a...
Until now, the lack of innovation in commercial real estate has led to limited options for both buyers and sellers. This will start to change as technology and law changes have paved the way for innovative companies to offer similar services for a fraction of the cost. In the end, this will mean more options, lower cost, and better service for commercial buyers and sellers.
If Canadians have a preoccupation these days, apart from the winter weather, it seems to be real estate. Specifically: the ever-rising prices in most of our big cities. Is this a bubble? Will there b...
As a home owner, there's your home’s “dream renovation” and the eventual “reality renovation.” There are only so many dollars to go around, so before you make sledgehammer meet wall there are a few th...
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....
TORONTO - The average Canadian homeowner doesn't think they'll be mortgage-free until they're 57 — two years longer than what they expected last year, a survey by CIBC suggests.The survey also found t...
Canada's young people are entering adulthood at a time of "seismic shifts" in the social landscape, an era in which the usual transitions from school to a career, family and home ownership have been d...
Home ownership is often connected to the notion of living the "American dream." But it is as much a part of Canadian identity as it is in the U.S. Indeed, statistics show that the percentage of home...
A common misconception about Habitat is that our homes are a handout, but what we actually provide is affordable homeownership, with low-income partner families repaying the full market value of their home over time. Last year, the lives of 227 families struggling to break the cycle of poverty began to be transformed as they moved into Habitat homes built in communities across Canada. Homeownership can change lives.
Not being able to access affordable home ownership is a major barrier to Canada's most vulnerable families getting ahead. Over the past decades, the wealth of Canadian renters went from being 20 times less than that of homeowners in 1969 to a startling 70 times less when this measure was last taken in 1999.
TORONTO - Sandra Rinomato first brought her real-estate know-how to the small screen in "Property Virgins," helping first-timers looking to land a home.With "Buy Herself," which premieres April 16 at...
OTTAWA - New reports from bank economists find low interest rates are keeping Canadian house prices within reach of homebuyers in many markets — although Vancouver remains an exception because of its...