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Category Archives: First Time Buyers
Canadians conflicted about timing of home purchase: poll
TORONTO — Canadians surveyed in a new poll appear to be conflicted about whether to buy a home this year, with a majority believing now is the right time to buy but more than 70 per cent saying they are … Continue reading
Posted in First Time Buyers, General Economy, Resale Home Sales
Tagged home ownership
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Don’t be afraid to leave your bank for a better rate
Are the banks doing an incredible job of retaining customers or are Canadians just too lazy to shop around when renewing their mortgages? One finding of a survey by Canada Mortgage and Housing Corp. released this week was that 89% … Continue reading
Posted in First Time Buyers, General Mortgage Info, Mortgage Rates
Tagged Mortgage rates, mortgage renewals
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RBC poll finds over half of younger Canadians plan to buy next year
TORONTO, April 7 /CNW/ – Over half of young Canadians (55 per cent) believe that it makes sense to delay a home purchase until next year, 10 points higher than the national average, and almost half (46 per cent) of younger … Continue reading
Posted in First Time Buyers, General Economy, Resale Home Sales
Tagged first time buyers
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First-time buyers in major Canadian markets move to get in ahead of higher interest rates, says RE/MAX
MISSISSAUGA, ON, April 5 /CNW/ – Driven by the threat of higher interest rates down the road, first-time buyers are contributing to strong upward momentum in residential housing markets across the country, according to a report released today by RE/MAX. The … Continue reading
How much home can you afford?
Newly minted professionals shopping for their first home in downtown Toronto are real estate agent Andrew Bodnar’s typical clients. “They see home ownership as a status symbol,” says Mr. Bodnar, an agent with ReMax Condos Plus, “and an investment.” But … Continue reading
Canadian homeownership costs ease for second consecutive quarter says RBC
TORONTO, Feb. 24 /CNW/ – Canada’s housing affordability continued to improve in the fourth quarter of 2010, thanks in part to slight decreases in five-year fixed mortgage rates and minimal home price appreciation across the country, according to the latest Housing … Continue reading
Get finances ready before house hunting
Buying your first home is a daunting process -not only is there the concern over owing so much money in what are still, for many, uncertain economic times, there are a lot of steps to take and a lot of … Continue reading
Vancouver, Montreal, Toronto are severely unaffordable says report
The 7th Annual Demographia International Housing Affordability Survey expands coverage to 325 markets in Australia, Canada, Hong Kong, Ireland, New Zealand, the United Kingdom and the United States. The Demographia International Housing Affordability Survey employs the Median Multiple (median house … Continue reading