Will 300,000 Canadians soon have more debt than assets? Image

Will 300,000 Canadians soon have more debt than assets?

This week, the Canadian Centre for Policy Alternatives released a study by senior economist David Macdonald that says a home price decline of 20% would leave 169,000 families under 40 in a negative-equity position, with more debt than assets. “Declines

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7 common pitfalls in real estate investment Image

7 common pitfalls in real estate investment

By Patricia EvansWith condo buildings rising left and right, it’s tempting to think that investing in real estate is a no-fail affair. The real estate industry is certainly profitable but just like any other market, investment conditions can become

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Do We Need More Changes to the Mortgage Rules? Image

Do We Need More Changes to the Mortgage Rules?

The Financial Post last month reported that our representatives in Ottawa were considering increasing the amount of down payment required to obtain a mortgage, citing sources that claimed further measures to cool the house market, including restrictions

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Maximizing Your Real Estate Investment Image

Maximizing Your Real Estate Investment

As the economy grows stagnant and job creation seems to become a breakeven proposition, more and more people are looking toward their investments to either get them through those tough economic times or to plan for early retirement.One such avenue of

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The Cost of Selling Your Home Image

The Cost of Selling Your Home

First-time home sellers might be excited at the prospect of selling their home to make a profit, as they should be, but don’t forget about the costs attributed with selling your home!Property costsBefore closing the sale, the home seller will be held

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What Time of the Year Should I List My Home? Image

What Time of the Year Should I List My Home?

As all industry experts know, selling a home is influenced by many different factors that can be manipulated in order to maximize profits in the shortest time period possible. Finding the right realtor to sell your home is the first step, but choosing

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TARION: Radon and Your New Home Warranty Image

TARION: Radon and Your New Home Warranty

Radon is a tasteless, odourless, invisible, radioactive gas that is completely natural and some is present in almost every home. Radon can enter your home through gaps between your house and the soil, and is typically more concentrated in

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CMHC Predicts Soft Landing for Housing Market Image

CMHC Predicts Soft Landing for Housing Market

The Canada Mortgage and Housing Corporation (CMHC) released its second quarter 2014 Housing Market Outlook, Canada Edition, highlighting their forecasts for 2014 and 2015 housing starts, and MLS average prices and sales figures.The CMHC expects Canadian

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First-Time Homebuyers: Beware Prepayment Penalties! Image

First-Time Homebuyers: Beware Prepayment Penalties!

We’ve all heard the term ‘mortgage,’ some might even know that as a standard, you’re allowed to pay a lump sum of 15 percent per term on the original amount outstanding. But what if you manage to penny-pinch a little extra this year and decide to pay

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VIDEO: Major Structural Defects in Your Home Image

VIDEO: Major Structural Defects in Your Home

Tarion Warranty Corporation provides new homeowners with protection against major structural defects, but what qualifies? This informative video will help you understand Tarion’s Major Structural Defect policy, covering where to find details, how to gain

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