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Here are a five unexpected advantages that could tip the scales in favour of the outskirts.
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In the GTA's high-priced real-estate market, where the barrier to entry for owning a single-family home is exorbitantly high, the City of Brampton represents a rare vestige where detached properties still average for below the million-dollar mark.
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The home renovation business is booming. In Canada alone, construction trends have been hedging towards fixer-uppers instead of breaking new ground. But while many of us are looking forward to those n...
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Banking can be stressful for those of us who aren't financially savvy. But tackling your banking head-on allows you to simplify your life and reduce your overall stress.
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The biggest threat to our strong real estate market and local economy is a generation of buyers who, in pursuit of the housing dream, throw caution to the wind, assume a crippling mortgage, and take on more debt than they can handle.
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For many Canadians, their monthly mortgage payment is their largest expense. And so, when it comes time to renew your mortgage there are many things to consider. First, you need to establish the steps...
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Finding a great mortgage rate can help make the dream of real estate ownership a reality, but it's not the only important thing to consider when financing a home. From what payment plan would best sui...
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So, you've decided to buy a new house. Congrats! But the truth is that doing it all on your own is tough. The good news is that whether you're a first-time home buyer, or an existing homeowner ready t...
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But confidence in personal finances is on the decline.
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"It's a risk we've been highlighting."
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5 tips to get the mortgage that's right for you. From the AOL Partner Studio
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When people's incomes are locked into making mortgage payments or rent, small businesses and local economies suffer. High mortgages mean little flexibility, and not much left over for other life purchases. The consequence: big chunks of cash flow to Bay Street instead of Main Street. There is no question that the province needs to take action now to combat speculation, increase supply and decrease demand.
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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...
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2016 was a monstrous year for Canadian real estate, and it's hard to imagine what the effects of another record-setting year will have on the red hot rental market. To put things in perspective, the CREA Home Price Index jumped from 184 to 208.9 by the end of last year. The total number of home sales increased by 6.3 per cent year-over-year and anyone who tried to buy a home or condo is fully aware of what these figures meant for the price of homes.
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Instead of blaming foreign demand for prices that are rising because of government-imposed supply restrictions, the government should address how their own ideologically driven policies are contributing to the affordability crisis. But blaming others means the government doesn't need to change.
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Spring has long been associated with the start of renovation season. Perhaps it's the warm weather that's stirring your inner do-it-yourselfer. Or, maybe, it's Canada's rising home prices that are the real wake-up call. And it's not just the price of the homes themselves that's increasing.
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Statistics Canada has released the first installment of data gathered in the 2016 Census, with this initial snapshot offering insight on Canada's population and dwelling counts. What have we learned?
An old saying rings true today, more than ever: drive till you qualify. But with the suburbs gaining speed in price appreciation, how far is too far?
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Here are three alternatives to buying a home in a big city.
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My kids want a back yard (and so does my dog), but I don't want to double or triple my mortgage for a piece of grass and a couple extra feet between me and my neighbours. Many have suggested we move farther afield, but I don't want to uproot the family, take my son out of his school and my daughter way from her friends -- that is the dilemma.
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With search terms such as "How to move to Canada" and "How to become a Canadian citizen" skyrocketing on Google during and after the election, Canada is on Americans' radar now more than ever. Now might be a good time to buy investment real estate.
Regardless of your reasons for selling your home, success starts with a great first impression. Having recently bought and sold my own home, I quickly discovered that smart sellers learn from someone else's mistakes rather than their own.
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Halloween is coming up, but if you've been paying any attention to the housing headlines this fall, you might be getting spooked for a whole other reason. It could be the skyrocketing price of homes that's causing you to lose sleep. Perhaps it's Finance Minister Bill Morneau's recent changes to mortgage rules which took effect on Oct. 17. And it doesn't stop there.
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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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The long-running seller's market will slowly become a buyer's market due to lack of affordability, which in turn could result in decreased housing prices -- as people will no longer be able to afford homes in what were previously known as "hot markets."
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Under the new mortgage rules, which take effect on Oct. 17, all new insured mortgages must qualify for the amount at a rate of 4.64 per cent, which is an average of the big banks' current posted mortgage rates. This is the case even if the rate offered by your lender is lower.
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It's happening a fair bit: great tenants with no intentions of moving are being served N12 forms by their landlords, a legal notice which provides them with 60 days' notice to vacate the premises. And it's entirely lawful for the landlord to do this, as long as they meet some very specific conditions and act in "good faith."
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From foreign buyers gobbling up properties sight unseen to young families trying to raise kids in condo towers, the Canadian housing market is a hot topic of discussion these days. But what do houses really cost these days?
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The first time I heard the line "you're not stuck in traffic, you are traffic" I immediately liked it. People tend to ignore their participation and impact on a situation and often believe things are happening to them, not because of them. I wanted to explore this concept as it applies to the Canadian real estate, specifically the Vancouver and Toronto metro area housing markets.
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Is it better to sell or should your renovate? The answers here. From the AOL Partner Studio
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When you buy a home, you don't buy a national market, or even a provincial, regional or municipal one. You buy one property in a local market. What's happening in your area could be completely different from that in another province, or certainly at the other end of the country.
Shots fired! While our media has been pointing out how Chinese buyers are driving up real estate prices, the Chinese media has been dissecting our economy and government, and warning Chinese buyers of the dangers of owning Canadian real estate.