Making sense of mortgage rates in today’s economy Many prospective homebuyers are wondering what has happened to mortgage rates in 2009, and where they may go from here. RBC Economics Research recently updated its’ outlook, and here is what the group has to report. Since hitting a low in January of 2009, longer-term interest rates […]
Reprinted courtesy of The Globe and Mail Canadian home sales dipped slightly in August as the market took a breather after strong spring and summer sales, according to statistics released Tuesday by the Canadian Real Estate Association. Year-over-year, the number of sales was up 18.5 per cent from August, 2008. “On a seasonally adjusted basis, […]
Reprinted courtesy of CBC NEWS The Bank of Canada left its key overnight interest rate unchanged Thursday as it again warned that a high Canadian dollar poses a risk to economic recovery. The target for the overnight rate will remain at 0.25 per cent. Economists had expected no change. The central bank also reiterated its […]
Reprinted courtesy of CREA The Government of Ontario is proposing two measures that will soften the impact of the harmonized sales tax (HST) on new housing. The HST was introduced in the 2009 Ontario Budget. Under the first measure, the province proposes to enhance the new home HST rebate so that itwould be calculated as […]
Reprinted courtesy of CBC News Canada’s housing sector continued on the comeback trail in August as home starts for the month jumped more than 12 per cent, according to new figures released Wednesday. Canada Mortgage and Housing Corp. said construction companies started work on 14,177 new homes in August, for a seasonally adjusted annual rate […]
Reprinted courtesy of cbcnews.ca It’s becoming easier to carry the costs of home ownership in Canada, but a survey by RBC Economics on housing affordability suggests this may be as good as it’s going to get. Home ownership became more affordable in the second quarter, the bank said Wednesday. It was the fifth straight quarter […]
Are you thinking about buying your first home? Has the recent recession reduced home prices to the point that you’re considering diving into the world of home ownership? Now is DEFINITELY the time to act. Contact me right now to find out how I walk buyers through the entire process of buying their first home, […]
I have been successful helping clients buy, sell, or lease residential, commercial, or investment properties in the Woodstock, Ontario area since August of 2007. With technical experience ... Read More...