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Posted by: Dean Kimoto
Just read a great article on Real Estate Invesment Properties vs other options, CLICK HERE to read in full. The quick review: in terms of cashflow, purchasing an investment property right should be compared against other investments. For the long term, in terms of asset appreciation, well that may be another story! As always, best […]
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Your payment schedule is the frequency that you make mortgage payments and ranges from monthly to bi-monthly, bi-weekly, accelerated bi-weekly or even weekly payments. Below is a quick overview of what each of these payment frequencies mean: Monthly Payments: A monthly payment is simply a single large payment, paid once per month; this is the default […]
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Home sales and prices continued to ease in July following the two latest rate hikes from the Bank of Canada. On a seasonally adjusted basis, home sales fell 0.7% from June to July, according to the latest monthly data from the Canadian Real Estate Association. This marks the first monthly contraction in six months. While […]
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Home Renovations – Reality vs. Television. Watching home renovation shows is inspiring, often providing us with ideas for our own spaces. However, there is a bit of a downside when it comes to these shows – they can be misleading when it comes to the renovation process. While we may want to recreate something from […]
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Real estate markets in the country’s largest metro areas remained relatively strong in July despite the Bank of Canada’s most recent rate hikes. Data from some of the key real estate boards show continued year-over-year growth in activity and continued upward momentum in prices. In Toronto, sales posted a 7.8% year-over-year gain, while in Vancouver […]
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In addition to the stats on renting vs buying there’s some great economic data following! This article was written by Steve Huebl for Canadian Mortgage Trends: Renting vs. buying in today’s market: how monthly payments compare A new study has found the cost of renting vs. buying comparable housing in select Canadian markets is nearly […]
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Canadian inflation falls within Bank of Canada’s target range, but food and shelter costs remain high June inflation data released today by Statistics Canada showed that the Consumer Price Index (CPI) rose 2.8% year-over-year (y/y), slightly below expectations. This was the lowest CPI reading since February 2022. The decline in inflation was mainly due to […]
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Its a close call which way the bank wil go… (Bank of Canada Policy interest rate announcement coming Wednesday, July 12th) Employment growth last month came in at a whopping 60,000 jobs, tripling expectations, and most of those net new jobs were for full-time workers. As our population grows, more people are available to fill […]
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This article is from the Canadian Mortgage Trends website: https://www.canadianmortgagetrends.com/2023/06/another-week-another-rise-in-fixed-mortgage-rates-how-much-higher-could-they-go/ Another week and another round of fixed rate hikes have swept Canada’s mortgage market. Mortgage lenders, including most of the big banks, have continued to hike their fixed mortgage rates following the recent surge in Government of Canada bond yields, which are used to price […]
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The Canadian Real Estate Association says home sales in May rose 5.1% month-over-month (m/m), adding to the 11.1% gain in April. This brought the year-over-year sales gain to 1.4%, The first y/y sales increase in almost two years. While spring home sales started booming (compared to the past year), the surprising 25 bps uptick in […]
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