The housing market is very competitive and can be exhausting to buyers for a variety of reasons. Most people start looking at listings online very casually and start visiting some open houses in desirable neighbourhoods long before they’re actually prepared to make a purchase (complete with down payment) which makes the process seem even longer. 347 more words
Tags » Housing Market
The Mortgage Corner
It looks like housing sales this year could return to pre-recession levels (though not into bubble territory), as all 3 major housing stats—existing, new, and now Pending-home sales are off to a good start in 2016. 600 more words
New construction of single-family homes in the Calgary area are expected to step back by at least 600 starts this year, says Canada Mortgage and Housing Corp. 353 more words
An unusual issue will likely be front and centre in the coming election campaign, but it’s not entirely clear how — or even if — it will impact the eventual result. 695 more words
Skyrocketing housing prices in Toronto and Vancouver are now preventing even existing homeowners from being able to upgrade into a new home.
While much has been made of the plight of first-time homebuyers who have to contend with lack of affordability in both markets, TD Economics notes that higher prices are now locking out those who bought entry-level homes years ago and are hoping to upgrade. 542 more words