Economist says housing prices at risk to fall The latest market forecast from Scotiabank warns of ‘downside risk’ to real estate prices. Canadian housing prices are at risk of falling over the next few years, driven by global economic weakness and softness in key condo markets, a Scotiabank economist said Friday. Yeah, right. NO. not […]
Attention Real Estate Speculators: Fancy home of Carrie Underwood & Mike Fisher ?
Carrie Underwood and Mike Fisher’s Canadian Home Up for Sale Buy home of celebs for a change … By Taste of Country It seems that Carrie Underwood and husband Mike Fisher have officially found their home sweet home in Nashville, as they’ve decided to put their Canadian home up for sale. The couple completed their Canadian […]
Government various fees and charges for new homes are ‘rip-offs’
Government takes one-fifth of cost of new homes in greater GTA New study of greater GTA shows average paid is $119,200 on a new single-detached home and $66,000 for new highrise home. By Bryan Tuckey What would you say if I told you that more than one-fifth of the cost of a new home goes […]
Top Reasons Why Houses Don’t Sell & Tips For Writing Property Description That Sells
7 reasons your house may not be selling Here are some of the common mistakes people make when putting their home up for sale. Good timing – April to June is ideal – and a realistic asking price are among the factors that will ensure your house sells in a timely fashion. By: Mark Weisleder […]
Banks are turning more people to ‘loan sharks’ for home purchase financing
Not only banks are getting pickier, they’re also giving out lesser and lesser … because they can’t really ride on ‘fool’ like CMHC anymore ? No idea how true is th allegation, but we do know CMHC is under more serious scrutiny now. And while banks are totally desperate to have as many mortgages as […]
Housing: Too expensive to buy or rent ?
The Canadian Mortgage Trends blog reports on how tougher mortgage borrowing rules have raised demand for rental housing and, in turn, pushed up rents. In fact, rents are rising faster than house prices in Toronto. Buy or Rent? BMO Economics Says Canadian Home Prices Are Not Highly Overvalued When debating renting versus buying, BMO Economics studied […]