Canadians have lost some faith in the economy in the wake of the oil price crash, but a new survey suggests that isn't translating into worries about job security, nor concerns about a housing correction.
If you plan to sell your home someday (and most people do), it's important to always consider the long-term consequences of short-term design decisions. Remember, when it comes to resale value, timeless trumps trendy every time. So, before you install a state-of-the-art sports court, invest in a luxury hot tub, or convert your garage into extra living space, keep in mind the following complaints home buyers often express about certain home enhancements.
Toronto Real Estate Board President Mark McLean announced Greater Toronto Area REALTORS® reported 4,672 residential transactions through TREB's MLS® System in January 2016. This result represented an 8.2 per cent increase compared to January 2015.
Cost-conscious, savvy homeowners know that doing the grunt work of home improvement projects cuts spending. It also results in a more beautiful and functional house. However, knowing exactly where to commit your hard-earned dollars isn’t the easiest task. So the team at BobVila.com has assembled some of the best picks for adding luxury, convenience, and efficiency to the most often used fixtures in the house.
If you could rewind 365 days to January 2015, would you short the Canadian real estate market? Given the predictions back then—of an imminent bubble burst and a housing market crash—hedging on real estate losses would’ve been a smart, speculative position. Of course, any active investors who did bet against the real estate market wouldn’t have done too well.
New federal mortgage rules are creating a "policy ceiling" that will curb Toronto's soaring house prices this year, measures that would be partly offset by another Bank of Canada rate cut, the local real estate board said in a new forecast.
According to statistics released today by The Canadian Real Estate Association (CREA), national home sales were up on a month-over-month basis in November 2015. The number of homes trading hands via MLS® Systems of Canadian real estate Boards and Associations rose by 1.8 percent in November 2015 compared to October to reach its highest monthly level in six years.
Sales in the Greater Toronto Area were 14 per cent higher in November 2015 compared to a year earlier. The Toronto Real Estate Board says that the 7,385 sales through its MLS was a new record for the month. For the first 11 months of the year there were 96,401 sales, which is also a new record.
There is a risk of a collapse in housing prices if oil falls to $35 US a barrel and remains there for five years, triggering unemployment of 12.5 per cent in Canada, according to Canada Mortgage and Housing Corporation.
Picture this: You spend 15 or 20 years slaving to pay down your mortgage. You've built up 80 per cent equity in your home and you have just five years left until it's free and clear. After all that effort, after all that built-up equity, you deserve the lowest mortgage rate around, right? Read More ...
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