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3 issues facing the Canadian housing market in the final quarter of 2018 featured image
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3 issues facing the Canadian housing market in the final quarter of 2018

The third quarter of 2018 brought some warmth to the Canadian housing market, as both sales and prices began to inch upwards after months of cooling activity. But now a few weeks into the final quarter of the year, the market is facing some potential headwinds that could take things off course. This week, the…

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Building Your New Home

Tips on Buying a New Home Home buying is an important personal decision and a big financial investment. You want to find the home that’s right for you and the builder who provides the best overall value and service. Home buyers and professional home builders agree there are a number of things you can do…

Is a HELOC a Good Idea? Not Really. What You Need to Know featured image
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Is a HELOC a Good Idea? Not Really. What You Need to Know

By – Robb Nelson Loans secured against your home have been the hot product for a while now at all major lenders. They are presented in the form of a HELOC, or Home Equity Line of Credit, and are frequently how lenders will suggest you finance any major loan whether it be to send your…

Time to relax mortgage regulations, Canada home builders urge featured image
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Time to relax mortgage regulations, Canada home builders urge

Natalie Wong, Bloomberg News Canada’s home builders are urging the federal government to loosen mortgage-lending restrictions that have helped cool housing markets this year. Executives at Mattamy Homes Ltd., North America’s largest closely held home builder, said the rules have brought about the desired soft landing and aren’t needed as much now that interest rates…

Bank of Canada holds key interest rate steady at 1.75% featured image
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Bank of Canada holds key interest rate steady at 1.75%

Pete Evans – CBC The Bank of Canada has decided to keep its benchmark interest rate unchanged while it digests the impact of its previous policy decisions and effect of drastically lower oil prices on the economy. The central bank revealed Wednesday it will keep its benchmark interest rate — known as the target for the…

Modest home price growth expected for 2019: Re/Max, Royal LePage featured image
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Modest home price growth expected for 2019: Re/Max, Royal LePage

Linda Nguyen, The Canadian Press Home prices across the country are expected to rise in 2019, but only at a moderate pace compared with recent years, according to two of Canada’s largest residential real estate brokerages. Royal LePage is anticipating the national median home price will increase by 1.2 per cent in 2019, with prices in…

Maple City Homes Donates Another $5000 For New Animal Shelter featured image
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Maple City Homes Donates Another $5000 For New Animal Shelter

Maple City Homes has donated another $5,000 to support the new animal shelter currently under construction on Park Avenue East. Although the Friends of the New Animal Shelter has completed its building campaign, approximately $75,000 is still needed to furnish and equip the 6,300 square foot facility. The firm is donating $500 for every home…

71% of Canadians Think the Federal Government Needs to do More to Improve Housing Affordability featured image
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71% of Canadians Think the Federal Government Needs to do More to Improve Housing Affordability

Sarah Niedoba The dream of owning a home in many of Canada’s largest cities has become increasingly out of reach for the average would-be buyer. And according to a new survey, the majority of Canadians think the government should be doing more to help. Up to 71 percent of Canadians believe that the federal government…

The problem with the Canadian government’s mortgage stress test featured image
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The problem with the Canadian government’s mortgage stress test

Josh Sherman Jan 5, 2019 On a recent segment of BNN Bloomberg, Toronto realtor John Pasalis voiced support for extended mortgage stress testing nearly a year to the day after the federal government introduced it. “The stress tests are great,” Pasalis says of the measure which requires mortgage applicants to qualify for their loans at a higher…

Banks Won’t Touch Your Construction Loans, And Here’s Why You Don’t Want Them To featured image
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Banks Won’t Touch Your Construction Loans, And Here’s Why You Don’t Want Them To

By: Robb Nelson Building you own home? Let us explain why private financing is used vs bank financing. There is something primally satisfying about building your own home, you get to take a blank slate of land and turn it into the home of your dreams where everything is laid out the way you want. You…

Federal Government Seeks to Assist First Time Home Buyers in New Budget featured image
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Federal Government Seeks to Assist First Time Home Buyers in New Budget

 The announcement of a new CMHC First-Time Home Buyers Incentive Plan represents a shared equity mortgage program that would give eligible first-time homebuyers the ability to lower their borrowing costs by sharing the cost of buying a home with CMHC. The incentive would provide funding (equity sharing) of up to five percent of the purchase…

First Ever online 50/50 Draw in Ontario Set to Benefit the Urology Program at Chatham-Kent Health Alliance! featured image
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First Ever online 50/50 Draw in Ontario Set to Benefit the Urology Program at Chatham-Kent Health Alliance!

Link here! Proceeds from the “Igniting Healthcare 50/50 FUNdraiser” will support the purchase of a new holmium laser, a key piece of equipment for the planned Urology Program at Chatham-Kent Health Alliance. In addition to being essential in urology for the treatment of such ailments as tumors, BPH (a benign, non-cancerous enlargement of the prostate)…