So it looks like the next rate hike will be coming in October. Possibly another after that in December. Our budgets are getting tighter and tighter. “For many Canadians the rising interest rates over the past year have already cost them the equivalent of an extra mortgage payment,” said Peter Miron, Environics Analytics’ Senior Vice…
It’s Looking Up From Here
Yet another sales increase in homes for the month of August. With an increase of 9%; this is the fourth consecutive increase! The market has really picked up and it does not look like it will be stopping anytime soon. The Canadian Real Estate Agency says the market is quite stable. #realestatemarket #oakvillerealestate By: Frank…
Buying Is Cheaper Than Renting
Mortgage professional economist concludes buying is significantly cheaper than renting. Mortgage is the most costly part of home ownership. Rent rates are continuously growing whereas mortgage rates are fixed. Therefor rent rates increase faster than mortgage rates. If only it was simple to qualify for a mortgage! The upside to the new mortgage rules is,…
Time To Invest!
Commercial real estate is doing awesome! Records are being set this year. Quarter 1 this year set a record at $11.97 billion. Quarter 2 reached $16.5 billion in commercial real estate transactions, 38% above quarter 1. The half-year mark is also a record high of $26.8 billion. Grow your money and invest in real estate!…
How Legalization Will Affect Home Insurance?
October is near and legalization of marijuana is finally here! Most renters believe they should have the right to grow and smoke marijuana. However most landlords have the opposite opinion. The question is whether incidents caused by the smoking and growing of marijuana in the home will now be covered in home insurance policies since…
Another Hike
Apparently our economy is improving, so of course it’s only right another rate hike be considered. It looks like we are safe for the month of September, however an increase in interests rates is coming soon. I say raising interest rates is not a viable solution to fix the liberals improper use of funds. #ratehike…
Home Owners Privacy
The supreme court refused an appeal application by the Toronto Real Estate Board (TREB) which had the intention to allow listings sites to offer a home’s previous selling price to the general public. This information is openly available in other countries; the U.S. and U.K. for example. Canadian real estate boards have yet to allow…
Oakville Is number One!
Since Oakville was rated the number one place to live in, in Canada; their real estate market is doing very well! Homes are selling like hotcakes! Oakville is a peaceful, safe and friendly environment great for raising a family. If you are interested in living in the best place to live in in Canada call…
Invest In Real Estate
Between 2016 and 2017 mortgage rates were fairly low and home prices were sky high. This year 2018 mortgage rates are a bit higher but home prices are drastically more affordable! Is it a good time to invest in a second property ? Absolutely. You can even invest in a second property without having to…
A Market Pick Up Pt 2
Home sales are increasing! This July there was a 1.9 per cent increase in comparison to June, according to the Canadian Real Estate Association. This was the 3rd month in a row of recovery after a serious decrease in early 2018. Stress tests, mortgage rules, and interest rate increases disqualified and discouraged would-be home purchasers.…