BMO lowered its key mortgage rate Thursday, offering 2.99 percent on a five-year fixed mortgage. Rob McLister, Editor of Canadian Mortgage Trends gives BNN his outlook for the housing market, mortgage rates, and the potential for a response from the government. Watch the news video from the Business News Network.
From the RE/MAX Sellers Guide Everyone wants to take advantage of the housing market when it comes to selling your home. Unless you are buying and selling strategically for investment, the best time to sell is when your existing home does not meet your current or future needs. A key factor to consider is the […]
Tips from the RE/MAX Canada's "Fit to Sell" Sellers Guide Buy or sell first? Deciding whether to buy or sell first can be tricky. If your RE/MAX agent finds a buyer for your existing home, before you've found a new one, you may find yourself living out of a suitcase if convenient closing dates cannot […]
Article from Business News Network The Bank of Canada's next interest-rate move is still expected to be a hike, but forecasters have pushed back their target for a tightening to the third quarter of 2015, a Reuters poll found on Thursday. None of the 30 economists in the poll expected an interest rate move at […]
Which bidding war strategies are the most effective? An article from RedFin Research Centre. Coming off a year during which the real estate market was widely described as a “frenzy,” many homebuyers felt fatigued, frustrated and slightly insecure. And they were totally justified in feeling that way. Supply of homes for sale hovered near its […]
Despite the traditional winter slowdown, both home sales and prices inched higher in December, according to the latest RE/MAX National Housing Report. The monthly report surveys MLS data in 52 metropolitan areas, and it provides a comprehensive snapshot of current market activity. Here’s a look at how the latest findings impact homebuyers and sellers. What […]
Moderate Growth Characterizes November Market Sales activity across the Vancouver Island housing market area was relatively stable for the month of November, dipping only slightly from this time last year. Although there has been a minimal decline in activity, the Board remains on target to reach its forecasted growth for this year, as a result […]
2013 proved an unusually complex year for residential real estate in Canada, characterized by two very separate and distinct homebuying markets. Housing sales fell seriously short of year-ago levels in the first and second quarter of 2013. Edmonton, Calgary, Kitchener-Waterloo, and Windsor-Essex were the only markets to buck the trend, with home sales up moderately […]
Effective: November 1, 2013 Finally we have a HPI (Housing Price Index) available for the Vancouver Island Real Estate Board area. Officially being released November 1, 2013 in our market and available since 2009 in several other major markets. The housing price index tracks value of typical examples of various types of housing in major […]
Ratehub created this infographic to observe the spending and saving habits of Canadian homebuyers and homeowners this year. For example, you’ll be able to see that Canadians are saving by renewing and getting lower mortgage rates (yay!) but currently have less equity in their homes than the year before (boo). If you want to see […]
