Two-thirds of the country's housing markets, according to a new analysis from the Canadian Real Estate Association (CREA), are skewed in favour of buyers. Due to a lack of supply in comparison to demand, this might be the most prominent trend for the foreseeable future. Over the past many years, housing building has been slow, resulting in a supply of homes that falls short of demand levels....
Buyer Tips
On April 13, the Bank of Canada will raise interest rates by another 0.5 percent.In an announcement made this morning, the Bank of Canada increased its main interest rate by another 50 basis points, bringing it to one percent for the first time. This is the second of what is likely to be a series of rate rises beginning in 2022, and it is the largest single increase since the year 2000. After a...
What is the likelihood of a decline in housing prices? Listed below is what prospective homebuyers might expect for the remainder of the year 2022. The following factors might contribute to a decline in property values in 2022: In 2022, will the housing market finally fix itself? It's a question that renters, millennials, and dissatisfied purchasers all around the nation are yearning to know. Do...
Are you thinking about selling your home, or has it been on the market but has failed to attract any offers? There are several reasons why a property will not sell, but the way it is presented is at the top of the list. So, if your property has been on the market for a while, you may want to look into what you can change to make it more desirable to buyers. While you may not be able to spend...
Purchasing a property in today's market is very different from what it was a decade ago. As the property market continues to rise in value and interest rates continue to rise, saving for a down payment and paying off your mortgage are becoming more difficult chores than they were in the past. The Pros and Cons of Rent to Own
In today's society, real estate is widely regarded as one of the most effective ways to invest your money and grow your wealth, and it has become an increasingly popular choice for everyone – from big-time investors to homeowners looking to save a little extra money for retirement. Every year How to make a real estate investment with no money
Mortgage decisions in 2022 will be heavily influenced by mortgage rate forecasts. This is a long-term choice that might save homeowners hundreds of dollars in mortgage interest. Mortgage Rates in Canada in 2022
This year has seen Canadian real estate prices fly, with price hikes of 25 percent to 30 percent in several of the major markets. New Mortgage Rules Canada for 2022
its own unique characteristics and personalities. However, buying a house is a significant financial investment, and you can't afford to get carried away with your excitement to the point of disregarding critical aspects of the property, which might lead to larger and more costly problems down the line. Buyer Beware! 7 Warning Signs to Look for When House Hunting
to get into the property market. However, with property prices continuing to increase, saving up for a down payment is proving to be a difficult endeavor, regardless of where you reside in Canada. It's considerably more difficult if you're already responsible for paying rent on a monthly basis. However, the good news is that saving for a down payment is less difficult than you would imagine if you follow a few simple procedures. 5 Tips to Save for a Downpayment Faster