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What bubble? Canadians have their mortgage covered, study shows

March 25, 2014

A new Conference Board of Canada study says there’s no housing bubble about to burst and maintains Canadian are having no trouble handling their debt even as it sits close to record levels. The Ottawa-based group points out that mortgage arrears are actually going down in just about every market across the country — making a U.S.-style meltdown ...

Canadian Real Estate Association predicts a strong year in 2014

December 29, 2013

OTTAWA—Sales of previously owned Canadian homes are turning out slightly than expected overall, and 2014 will be even stronger, according to a new projection from the country’s largest real estate association. The Canadian Real Estate Association’s 2013 sales projections have been increased slightly upward in Ontario and the four western ...

A world without the CMHC

November 28, 2013

Imagine a world without Canada Mortgage and Housing Corp., writes the Financial Post‘s Garry Marr. What happens next if the government is no longer behind that mortgage, making sure the people loaning the money or the investors buying that loan get paid, should you not make your payments? For starters, you might gently be shown the door ...

Welcome to the new housing rally!

October 25, 2013

A signal from the Bank of Canada that it is not raising its key lending rate any time soon, coupled with the likelihood of falling mortgage rates, could be enough to keep the latest housing rally going, writes the Financial Post‘s Garry Marr. There have been signs the housing market is in recovery mode with year-over-year sales rising in many ...

As low as they can go

September 17, 2013

Mortgage rates at what many expect are at lifetime lows with nowhere to go but up are spurring consumers to jump into the housing market. As the Financial Post‘s Garry Marr reports, with time winding down to get in on some of the best mortgage rates in Canadian history, consumers have pulled the trigger on purchases, and in the process seem to ...

Canadian house prices edge higher in April

May 29, 2013

Canadian home prices rose in April from March as three strong cities in Western Canada more than offset weak showings elsewhere, while the annual gain in prices slowed, the Teranet-National Bank Composite House Price Index showed on Tuesday. The index, which measures price changes for repeat sales of single-family homes, showed overall prices ...

Seven steps to a perfect lawn

April 26, 2011

As the snow melts away, impatient homeowners can't wait to begin preening and greening their lawns. Few are keener than Richard Dupuis who devotes at least 90 minutes a week to trimming, fertilizing and tending to the lawn surrounding his Alta Vista home. "My lawn is an extension of my gardens, it gives the home curb appeal," says the man, ...

Real estate: Dealing in a buyers' market

April 4, 2011

The single biggest investment for most Canadians is the purchase of a home. So, home owners were understandably worried when the Canadian Real Estate Association recently reported that average Canadian resale house prices fell by 10 per cent year-over-year in October. On the other hand, the end of the boom would appear to be good news for ...

Back to the basics

February 12, 2011

Reducing the size of houses, simplifying construction, will go a long way to reducing energy dependency Predictions about rising energy costs send shivers up the spines of motorists and homeowners. And while Canadians are still enjoying some of the lowest heating and cooling rates in the world, it seems that situation won't last for long. ...

Reverse mortgage is not for everyone

October 25, 2010

It's a tempting proposition: after years of writing cheques to the bank to pay off your mortgage, the bank will write a nice big cheque for you. That's the allure of reverse mortgages, which allow anybody 60 or older to borrow money against the value already built up in their home. With the number of 60-year-olds in Canada expected to double in ...
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