News

  • Canadians get creative to avoid renting by Vernon Clement Jones

    More and more Canadians are extending the amortization on their car loans as a way of qualifying for bigger mortgages, according to a new survey -- suggesting that number will increase as first-time buyers look to move beyond renting.

  • Phoenix now a top sellers’ market: Zillow by Kit Kadlec

    A flood of Canadian snowbirds has officially made Arizona the top sellers' market in the U.S., according to new stats, at the same time Chicago steps up to become the best buyers' market.

  • Renters freeing themselves of debt by Vernon Clement Jones

    Don’t break open the bubbly quite yet, landlords. A new report from Equifax suggests more Canadian households are getting a handle on the kind of debt that keeps them renters instead of homeowners.

  • Carney hints at higher rates by Vernon Clement Jones

    The Bank of Canada surprised absolutely no one in maintaining its overnight rate at 1% Tuesday, although it now suggests there may be little choice but to increase it in order to curb rising household debt.

  • T.O. condo rents soar in Q2 by Vernon Clement Jones

    Toronto Realtors are reporting a whopping 4,771 leased condominium through the city’s MLS system in the second quarter, representing a 3% increase over an already busy 2011.

  • Local knowledge key to real estate success by Caitlin Nobes

    Knowing how local, national and global events affect real estate markets is key to making long-term investment plans, but tailoring that information to Alberta's market is a challenge and, ultimately, the job of one man.

  • Housing market slooows down by Vernon Clement Jones

    It’s here… June marked a key change in the Canadian housing market, with prices and sales numbers showing the kind of decline new mortgage rules were meant to bring about.

  • Brace for faster mortgage approvals ... or rejections by Editorial Team

    Qualified investors may soon have less time to wait for a lender's thumbs-up or down courtesy of the new, tighter mortgage rules.

  • Investors split on effects of mortgage rules by Caitlin Nobes

    Investors are divided on whether recent mortgage rule changes will lower the value of Toronto condos, a new Canadian Real Estate Wealth poll suggesting there's an almost even split on the question.

  • High-paying jobs brighten investor horizons by Vernon Clement Jones

    A new report pointing to growth in the number of high-paying jobs in B.C. suggests that property investors outside the pricey Lower Mainland will see vacancy rates drop and rents increase.

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