National Housing Update: Why Prices are Declining and What to Expect for 2018
Three months into 2018, it seems like the Canadian housing market is down again with sales volume dropping 16.9 per cent in February compared to this time last year. According to the Canadian Real...
View ArticleHousing Market Update: National Sales Are Up Again
After a slowdown earlier in the year, real estate is seemingly on the rise, if only slightly. According to the Canadian Real Estate Association (CREA), there was an increase in the number of homes...
View ArticleWalking Away from Your Offer on a Home? Know the Consequences
Sales stats over the last few months may indicate that the Toronto real estate market is taking a breather. The average price of a home in Toronto has fallen 19 per cent since peaking in April,...
View ArticleHousing Market Update: National Home Prices, Sales Fall Again
Over the last few months, the real estate market in Canada has seen a few changes. Recent data now shows the average selling price of a Canadian home dropped by 0.3 per cent in the past year. It may...
View ArticleCanada Housing Market Update: Sales Drop, Some Mortgage Rates Increase
Last month we reported that Canadian real estate sales slipped slightly, yet prices had increased. The Canadian Real Estate Association (CREA) just released their May numbers and let’s just say things...
View ArticleForeign Buyer Tax, Rent Control Announced to Cool Hell Fire of a GTA Housing...
It’s no secret that Toronto’s real estate market is rising at an alarming rate. Just in the month of March, it was announced that the average home price increased by 33.4 per cent, year-over-year. The...
View ArticleWhat is Causing House Prices to Rise in Toronto?
A recent report suggests it might be time to put the “foreign buyer blame game” to rest in Toronto. According to the Toronto Real Estate Board (TREB), foreign homebuyers made up less than five per...
View ArticleIs Holding onto Your Old Property When You Buy New a Good Idea?
If you’ve just closed on a brand new home, you may automatically plan on selling your current residence as you prepare for your fresh start. After all, many buyers may see owning two properties as...
View ArticleA Look-Ahead to Canadian Housing Trends for 2017
While no one has yet invented a functioning crystal ball capable of predicting the future, economists often crunch the numbers on unemployment rates, new housing starts, inflation, interest rates and...
View ArticleBank of Canada Calls Soaring House Prices in Toronto and Vancouver...
Another day, another warning about the state of Canada’s two hottest housing markets. On June 9th, the Bank of Canada delivered a warning that the continuous rise in house prices in Toronto and...
View ArticleThe Do’s and Don’ts When Buying a Home
Buying a home is one of the most exciting yet intimidating things to do. The idea of owning your own place is thrilling, yet the prospect of having a mortgage can terrify even those who are already...
View ArticleWould You Buy A House With a Credit Card?
According to data from the National Association of Realtors, an overwhelming majority of homebuyers search for properties online and then purchase their home through a real estate agent. But, if real...
View ArticleHow Healthy is Your Province’s Housing Market?
At the end of May, the Canada Mortgage and Housing Corporation (CMHC) released its second quarter Housing Market Outlook for 2015. Overall, the federal agency expects that the Canadian housing market...
View ArticleIs It The Right Time to Buy a Home?
We’ve entered the busiest time of the year to buy a home – sales listings are popping up like daisies, and prospective buyers pack Saturday open houses. It seems everyone is on the house hunt these...
View ArticleBREAKING: The Bank of Canada Cuts Interest Rate to 0.75%
The Bank of Canada is officially worried about the drop in oil prices – so much so that they have cut central interest rates for the first time since September 2010. The BoC announced this morning in...
View ArticleSeptember Mortgage Rates Get a D for Discount
RateSupermarket.ca Panel Calls for Fixed Rates to Remain Competitively Priced Back-to-school season ushers in a fresh start, but there’s to be no new development for Canada’s mortgage market this...
View ArticleIt’s a MoneyWise Makeover!
Dear Money Wise Readers, We’ve had a makeover! We at RateSupermarket.ca are so proud to unveil the new MoneyWise – a one-stop information centre for all things personal finance! Whether you’re looking...
View Article4 Tips: How to Buy in a Hot Real Estate Market
For people looking to get into the housing market, the news is anything but good. The Toronto Real Estate Board’s (TREB) latest stats show that prices in the Toronto area were up 7.4 per cent in June...
View ArticleCREA May 2014 Report: A 4-Year Record for Sales
Bad weather may have delayed the busy spring real estate season but it didn’t completely sour homebuyers’ shopping moods. According to the Canadian Real Estate Association (CREA), home sales were up...
View ArticleAvoid Homeownership Shock
This week, we’re all about the worst-case scenario. It’s not that we’re trying to be pessimistic; it’s about being a savvy homeowner and preparing financially for the unexpected. Homeownership is full...
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