Canadian home prices showed momentum in July, rising 1.1 percent from June, according to the Teranet-National Bank house price index. Victoria, Ottawa, Toronto and Quebec City had the highest month-to-month increases, and 10 of the 11 cities that the index tracks saw prices rise from June. The outlier was Winnipeg, where prices have ticked down […]
Buying a new home is a major investment and possibly the biggest financial decision of your life. If you're preparing to buy your first home it is important to remember that the cost is more than just your mortgage payment and down payment. RE/MAX Western Canada gives a list of expenses that will be incurred […]
An article from the Canadian Home Builder's Association Come Home to Your Future: A Brand New Home Built For You Thinking about buying a home? Looking for great style and lots of features? Want a home that’s designed for your lifestyle? A home that is great to live in and “feels just right for you”? […]
The Canadian Mortgage and Housing Corporation launched their new web-based house market information portal this week. This tool will let users access the CMHC's scores of house marketing data in one, easily accessible location. it is a good business tool, good for consumers and best of all, this portal is free to use. In a […]
What are the definitions of some commonly used real estate terms? The brokerage is the real estate company where a REALTOR® is licensed. The licensee is a managing broker, associate broker and/or representative of a brokerage. A REALTOR® is a real estate professional who is a member of a local real estate board, provincial association and The Canadian Real […]
What Google searches reveal about Canada’s housing market Tara Perkins - REAL ESTATE REPORTER for The Globe and Mail Want to know when the housing market will take off? Ask Google. It looks like the number of times that Canadians search for the term “mortgages” in Google is a decent indicator of what home sales […]
The British Columbia Real Estate Association (BCREA) reports that a total of 6,661 residential sales were recorded by the Multiple Listing Service® (MLS®) in March, up 16.8 per cent from March 2013. Total sales dollar volume was $3.7 billion, an increase of 21.5 per cent compared to a year ago. The average MLS® residential price […]
Some renovations are better investments than others. Before pouring in the time, money, stress and inconvenience of a major renovation, it's important to know what your end goals are. Are the renovations part of your plan for selling, will they boost your property value in the long run? Or will they just boost your own […]
Financial regulator moves to guard against housing bubble Tara Perkins, The Globe and Mail Canada's financial watchdog has released a long awaited set of guidelines for the country's three mortgage insurers. The guidelines, which have been in the works since 2012, remain a proposal. The Office of the Superintendent of Financial Institutions will now hear […]
Article taken from the Vancouver Island Real Estate Board What is MLS®? The Multiple Listing Service® is a co-operative marketing system that maximizes exposure of properties for sale. It is a central registry of properties used by REALTORS® to match buyers with properties for sale. Most homes sold in Canada are sold via the MLS® […]
