Finding a Mortgage Lender When it comes time to shop for a mortgage lender it can seem daunting and stressful. However, there are multiple companies that are able to help you through the process and interest rates options. The whole process can sometimes feel really overwhelming and that’s why a mortgage lender or specialist can […]
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Average Ontario Home Prices It was recently reported that the average price of a residential property in Ontario in September was $887,290. While the average income for someone living in Ontario was reported to be $55,500, meaning that the average price of a residential property is 16x the average income. Ontario is the most populated
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Canadian Fall Housing Market The Canadian Fall housing market prices are expected to have a five per cent increase in what’s remaining of 2021. It was reported that 26 out of 29 of Canada’s major housing markets, were sellers markets. There was also a high demand and a low inventory, which is what added to
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Canadian Real Estate Market In a recent report by the Canadian Real Estate Association (CREA), the Canadian housing market may have reached it peak. While some markets are still experiencing record breaking gains, “these broad-based trends are spotlighting some crucial developments.” This is some good news, since that means things could be returning to some
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Mortgages and the Down payment Have you been wondering how mortgages work? When it comes to buying a home we all have to think about how we’ll finance it. It’s a major purchase and one that is life changing, you’re becoming a homeowner, it’s exciting. First we should review how mortgages work. There’s a lot
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The Federal Government’s Greener Homes Grant Have you been thinking about making improvements to your home? Right now might be the best time to do it. The Greener Homes Grant has been introduced recently and is becoming very popular amongst Canadians and for a good reason. “The federal government’s Canada Greener Homes Grant is proving
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According to the Polls In a recent joint Nanos and Bloomberg poll, that took place in May, it was revealed that Canadian’s would welcome rate hikes if it means that it could help cool the housing market. According to the poll, 49% of respondents would support or somewhat support the Bank of Canada to increase
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Looking to Invest in the Housing Market? If you’ve been looking to start investing in the housing market, there are somethings you’ll need to know first. If you’re just starting out, there’s a chance you’ve probably heard of the Mortgage Stress Test. This test determines how your mortgage and finances might be affected by any
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Capital Gains Tax in Canada There has been a lot of talk lately about rescinding the capital gains tax exemption on primary residents in Canada. However, there’s not a chance of that happening according to real estate lawyer Bob Aaron. He says that “the chances of that happening in our country are slim.” This is
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Hamilton-Burlington Real Estate Market It doesn’t come as new information at this point that the Hamilton-Burlington real estate market is on fire. With the average price of a residential property having an increase of 54 per cent in February and new listings up by 61.9 per cent since January 2021. There’s a lot that attracts
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