The government is concerned that homeowners may be overconfident in their ability to pay off mortgages, as these findings contrast the bleak statistics and warnings from top economists.
New mortgage and lending rules will be going into effect on March 18, 2011. This is the second installment of our coverage of the rule changes.
New mortgage and lending rules will be going into effect on March 18, 2011. In the next few days, I will go over these major changes and assess what they mean to Canadian home buyers.
The market is likely going to favour sellers of homes this year. According to Adrienne Warren, Scotiabank’s senior economist, Canadians can expect a modest rise in home prices of about 2 percent.
Home ownership in Canada became more affordable in 2010. A look at RBC Economics’ Housing Trends and Affordability Report – part 3 of 3.
Home ownership in Canada became more affordable in 2010. A look at RBC Economics’ Housing Trends and Affordability Report – part 2 of 3.
Home ownership in Canada became more affordable in 2010. A look at RBC Economics’ Housing Trends and Affordability Report – part 1 of 3.
The bank of Canada held its benchmark overnight target rate unchanged at 1.0%. Read more to see what this means for condo buyers.
For-profit loans are problematic for people of the faith because the Qur’an forbids the payment of interest.
Under the program, the credit union and the homebuyer enter into what ACU calls a “declining partnership agreement.” Both parties co-own the home and its title.
The Internet is a vital tool for mortgage shoppers, in fact CMHC reports 9 out of 10 first-time homebuyers use the internet to research mortgages.
Charlie K.
February 25th 2012
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