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Category: Industry Trends (24 posts)

  • September 29, 2022 @ 12:30 AM
  • Posted by Angela Robinson

Fearless first-timers: Alberta’s new homebuyers less stressed than rest of nation

A poll by Sagen and Royal LePage found 62% of first-time buyers across Canada indicated being worried about not having enough for a down-payment and in turn would not be

  • September 21, 2022 @ 2:29 PM
  • Posted by Angela Robinson

What to know about the proposed First Home Savings Account

Canadians looking to buy a home can tap into a new way save, while receiving a tax break, with the new First Home Savings Account. Slated for introduction in 2023—which means parameters are subj

  • September 14, 2022 @ 2:24 PM
  • Posted by Angela Robinson

Canada is buying into the rent-to-own concept. Here's how it works

Rent-to-own is a unique path to home ownership that delays one of the biggest hurdles for new homebuyers — the hefty down payment. Advocates say this model of home financing allows people with

  • June 8, 2022 @ 2:09 PM
  • Posted by Angela Robinson

The process of buying a home is so traumatic that it's making half of homebuyers cry

The process of purchasing a home is deeply personal and can be emotional, with 65% of those surveyed indicating that they cried through the process. Even if you have all your financial affairs in

  • June 1, 2022 @ 12:59 PM
  • Posted by Angela Robinson

Long delays at Alberta Land Titles office slowing down real estate transactions

Without a land title, parties in real estate transactions are in limbo between the date of sale and the purchaser taking possession. These real estate transactions and packages submitted for

  • May 25, 2022 @ 3:31 PM
  • Posted by Angela Robinson

Monthly payment for new mortgage on a typical home is up nearly $800 from October, one analysis shows

For more than a decade, the biggest financial obstacle for many homebuyers in pricey markets was coming up with the cash for a down payment. But with rapidly rising borrowing costs, being able to affo

  • May 4, 2022 @ 2:23 PM
  • Posted by Angela Robinson

Make House Hunting A Success!

House hunting is one of the most exciting parts of buying a home. Although, the current market is competitive, so you may have to put in more effort to find a home that makes sense f

  • April 27, 2022 @ 2:23 PM
  • Posted by Angela Robinson

10 Expert Tips for Staging Your Home to Sell

You are about to make a move to a home that better fits your lifestyle. Congratulations, it’s an exciting time! But before you can do that, you need to sell your home. The goal of any seller is

  • April 20, 2022 @ 2:40 PM
  • Posted by Angela Robinson

Edmonton Pilot Program to Help Homeowners With Green Upgrades

Edmonton residents can now access low-cost financing for eco-friendly home improvements through a new pilot program that is repaid through the applicant’s property tax bill. The C

  • February 28, 2022 @ 6:37 PM
  • Posted by Angela Robinson

Bank of Canada's Hidden Message on Interest Rates: This is Your Last Warning

Last week, the Bank of Canada made its first interest rate announcement of the year. Much to the surprise of economists and experts alike, the Bank of Canada chose not to raise interest rate

  • January 26, 2022 @ 3:28 PM
  • Posted by Angela Robinson

Digital Currencies are Becoming an Increasingly Common Payment Method

One in nine first-time homebuyers (11.6%) surveyed in the fourth quarter said selling cryptocurrency had helped them save for a down payment, according to a new report from Redfin, the technology-powe

  • January 11, 2022 @ 6:06 PM
  • Posted by Angela Robinson

Buying A House in 2022? Here Are 3 Challenges You Can Expect In The New Year

If you're serious about buying a home in 2022, here are the top three challenges you'll have to overcome.   1. Finding A Home This will be a challenge for two reasons. First, you

  • November 23, 2021 @ 4:57 PM
  • Posted by Angela Robinson

Start Preparing For Rising Rates

Ultra-low interest rates bolstered the Canadian real estate market throughout the COVID-19 pandemic, but Bank of Canada Governor Tiff Macklem is warning rates could start rising as easy as April. This

  • November 2, 2021 @ 3:44 PM
  • Posted by Angela Robinson

Edmonton's Condo Market Offers Buyers Among Best Value in Canada

According to John Carter, the broker/owner of Re/Max River City, Edmonton’s multi-family market is worthy of attention as hidden value gem for buyers’ dollars. See the full article

  • October 5, 2021 @ 7:13 PM
  • Posted by Angela Robinson

Canadians May Want To Prepare For Higher Mortgage Rates Soon: BMO

Canadian bond yields are on the rise, and a big bank has forecast it will take mortgages along for the ride as well. The latest research note from BMO focuses on climbing longer term bond yields. Th

  • June 7, 2018 @ 1:30 PM
  • Posted by Marc Crossman

REFINANCING IN 2018

  Recently there were changes to the mortgage rules yet again, and one of the rule changes was regarding refinancing your home. At one point in the last 10 years you could refinance your home al

  • June 7, 2018 @ 1:21 PM
  • Posted by Marc Crossman

WHERE ARE MORTGAGE RATES GOING IN 2018?

    2017 was a year of change for the Canadian Mortgage Market. With the announcement of the B-20 guideline changes requiring all insured or uninsured mortgages to undergo stress testing.

  • January 17, 2017 @ 10:41 AM
  • Posted by Marc Crossman

Mortgage insurance premiums hiked once again

  CMHC announced early Tuesday it is increasing its loan insurance premiums effective March 17.“We do not expect the higher premiums to have a significant impact on the ability of Canadian

  • November 21, 2016 @ 11:09 PM
  • Posted by Marc Crossman

INTEREST RATES

Last week we touched on TD’s 0.15% move with existing variable rate mortgage clients. There is nothing new to add as TD remains the only lender to make such a move with variable rate client

  • October 26, 2016 @ 12:40 PM
  • Posted by Marc Crossman

MORTGAGE RULE CHANGES OH HOW TIMES HAVE CHANGED

  With the recent changes to the mortgage rules in Canada, we take a moment to look back at the evolution of the mortgage, and to highlight these new changes and what they mean.   LO

  • October 21, 2016 @ 11:39 AM
  • Posted by Marc Crossman

Bikes For Kids 2016

  Bikes for Kids was created by Dominion Lending Centres to provide underprivileged children with the joy of their first bike.  Since 2014, Bikes for Kids has helped raise and dist

  • October 3, 2016 @ 9:34 AM
  • Posted by Marc Crossman

KNOW HOW YOUR MORTGAGE IS REGISTERED

  Every mortgage secured by a property will be registered with the land title office.There are two ways your mortgage can be registered on title: Standard charge or collateral charge.  Not

  • January 9, 2016 @ 10:48 PM
  • Posted by Marc Crossman

Changes To Down Payment Requirements Coming February 15, 2016

On Friday, Finance Minister Bill Morneau announced changes to down payment requirements. Effective February 15, 2016, the minimum down payment for new insured mortgages will increase from five pe

  • September 30, 2014 @ 7:24 PM
  • Posted by

Canadian Housing Statistics and Data

CMHC annual reports and monthly updates contain current and historical data on housing in Canada — new construction, new home prices and sales, rental statistics and the demographics of housing