All in Real Estate
Royal Bank and the Canadian Real Estate Association (CREA) have issued house price predictions conflict with each other. CREA anticipates 2018 will see a bigger drop than they had predicted in their December 2017 forecast, while RBC raised its forecast by 0.5% for 2018 but expects the tide will turn in 2019.
Canadian condos have shown tremendous price growth since 2016 but it is uncertain how much price growth potential remains in condos. Some major Canadian banks have forecast the real estate market in Vancouver and Toronto will hit a tipping point by the end of 2019. As the impact of interest rate increases, government regulation, and taxes work their way through the market toward the middle of 2018 the accuracy of these forecasts will be revealed.
The recent constitutional changes in China may create uncertainty for citizens and the future prospects for their children. They also cast doubt on the future for Hong Kong’s democratic institutions. This may lead to more capital flowing into Canadian real estate.
Mortgage fraud is on the rise and 16% of Canadians believe it is a victimless crime. Falsifying documentation to get a mortgage or lying on your application are grounds for a lender to cancel your mortgage and could lead to criminal charges.
It's easy to get caught up in the excitement of home shopping. With every open house we visit, we start to imagine what it would be like to live in our very own home. With all this excitement we often overlook the many surprising and stressful costs involved in this purchase.
There are many benefits to dealing with Private Lenders, but they are usually not suitable as a long term solution to financing your home. Find out how they work, what they cost, and when to use them.
Most people don’t learn about title insurance until they’re signing documents at their lawyer or notary’s office and they learn they can pay a little extra for some insurance to cover an unlikely event. At Mortgage Sandbox, we believe it’s worth every penny and this article explains why buying it is a no-brainer.
Balanced and honest insights into how to read and interpret real estate news, so you can cut through the smoke and mirrors.
