In the media there are steady reports of Canadian real estate being in a bubble. These reports usually compare the increase of sale prices to the increase of incomes or potential mortgage payments to rental payments. If these reports make you think about the value of real estate and how real estate is valued and [...]
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Is Homeownership Right for You? You’ve weighed your options, and now you want to buy a home. Purchasing a home is one of the biggest investments Purchasing a home is one of the biggest investments you'll ever make. So before you make an offer, make sure you're ready to take on all the financial and emotional [...] Are You Financially Ready? If you’re like most Canadians, your home is probably the most important investment you will ever make. But how do To help you determine if you are financially ready to buy a house, CMHC offers a number of simple calculations that you can do to evaluate your current financial situation, how much [...] What You Should Think About When Financing Your Home If you’re like most Canadians, your home is probably the most important investment you’ll ever make. Whether Whether you’re buying a home or refinancing your existing home, making the right decision now can help save you money and provide greater financial stability for your family in the [...] Even hanging the right curtains can reduce consumption! Here are some ways to reduce your monthly expenses. Energy consumption costs and the prices charged for the use of communication devices are rising, taking a big chunk out of homeowners income. Although you will start your investigation in the area that is bringing you the highest [...] Canada Mortgage Housing Corporation (CMHC), Canada’s National Housing Agency, helps you save money on the purchase or construction of an energy-efficient home when CMHC Mortgage Loan insurance is used to finance its purchase or construction. Qualified borrowers can obtain a 10 per cent mortgage insurance premium refund which can add up to big [...] How to Choose a Mortgage that’s Right for You CMHC’s Homebuying Step by Step guide has the answers you need to your mortgage financing questions. Congratulations! You’ve decided to begin your search for a new home, or perhaps you’ve already found the home of your dreams and are ready to make an offer. It’s [...] For young people and first time homebuyers a popular purchase is a home in need of renovations. The attraction is a comparably lower price situated in a well-established neighbourhood featuring high quality schools, great shopping, community centres and transit facilities your family can enjoy. Step One: Identify the Neighbourhood You have gone to the bank and identified [...] On March 17th 2010, trading of the Canadian dollar rose to just over 0.992¢ in U.S. dollars, bringing thoughts of Dollar parity with the United States. The problems of the United States dollar are well known and documented. Their greatest problem is the historic levels of debt in the nation. Deficit spending is rattling the [...] The Bank of Canada released its bi-annual report on Canada’s financial system. According to the report, [and yes, I agree with it] Canada has absorbed the shock of the global recession admirably and has made some initial re-organization in order to return the nation to prosperous times. In fact, many elements of the Canadian economy have improved, all except [...] |
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Copyright © 2012 REAL VALUE - All Rights Reserved. Unless otherwise identified, content written by Marcus Assalone. Some information may have been taken from CMHC, RECO, or Toronto Real Estate Board publications. Opinions expressed in comments do not neccessarily reflect those of Marcus Assalone or Coldwell Banker. 
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