Data released earlier this week for January showed the stunning disparity in regional housing markets in Canada (see chart below). Vancouver remains the red-hot leader with year-over-year (y/y) price gains of 20.6% and home resales growth of an eye-popping 32.1%. In comparison, Toronto’s housing market seems almost tepid, with an annual price gain of 10.7% […]

Mortgage rates continue to flucuate up and down a little bit but have recently dropped even lower than anyone thought possible. No one knows exactly how long this will last, but we can be almost certain there is not much room for rates to go down any more. Speculation is that rates will remain in […]

Mortgage rates are remaining at an all time low for the time being. This means that more people are able to afford homes and rental properties. It’s hard to say what is going to happen in the next few years. With all the economic problems around the world it does seem that our government may […]

New mortgage rules are in effect now to help Canadians take control of their personal debt and make sure people can afford the homes they are buying. It is part of a plan by the government to make sure Canada doesn’t have an economical melt down like our neighbors to the south. I think it’s […]