By Josh Sherman The Canadian housing market has overcome a plunge in oil prices and a wave of new condo units flooding some regional pockets, and according to RBC’s quarterly economic update and provincial outlooks released today, it will continue to rally for the rest of this year. RBC is forecasting that national home resales will increase 5 per cent...[ read more ]
By Josh Sherman As the third quarter marches on, BuzzBuzzHome News spoke with economists from some of Canada’s biggest banks about what to watch for in the nation’s housing market over the next several months leading up to 2016. Here’s what they said. Stock market volatility Weaker stock exchanges in general could slow the Canadian housing market, says Randall Bartlett,...[ read more ]
By Jane Lockhart Moving into a new space can be a fantastic experience, as you can start your design dream from scratch! That being said, it is sometimes difficult not to have a space that truly reflects who you are and your personality. Additionally, with the cost of moving into and purchasing a new home or condo, it may be...[ read more ]
By Sean MacKay Photo: Steve Jurvetson/Flickr Prices in Canada’s two hottest housing markets have continued to rise sharply in 2015, with home prices in Toronto and Vancouver up 8.9 per cent and 10.3 per cent in June over the same time last year, respectively. But despite market activity that has made headlines across the country in the first half of the year, TD Bank’s economics team...[ read more ]
By Wayne Karl It’s a scary question many homeowners are afraid to answer: how much will your mortgage interest total over the lifetime of your mortgage? Well, wonder no more – a recent poll from BMO Bank of Montreal has the answer: $60,000. But that’s the average for Canada. Some will pay more, some less. While the average amount Canadians...[ read more ]
By Michael Aynsley Some 4,375 homes changed hands across Greater Vancouver’s Multiple Listing Service (MLS) in June — the second highest monthly total ever, just 59 transactions shy of the all-time record of 4,434 set in May 2005. According to the Real Estate Board of Greater Vancouver (REBGV), June sales were 29.1 per cent above the 10-year sales average for...[ read more ]
By Cameron McNeill So, you’ve decided it’s time to take the plunge and invest in a presale home. You like the fact that you’ll have better selection and can choose your colour scheme and options. Buying presale also provides you the opportunity to plan ahead, allowing you the time to budget, plan your move and sell your current home if...[ read more ]
By Anne McMullin They are doing it in London. They are doing it in Toronto. They want to do it in Vancouver. Taking notes from global cities where substantial population growth has occurred, real estate developers are looking through a new lens to find affordable, eco-conscious ways to ease Vancouver’s housing crisis. Gentle densification. This is the term the Urban...[ read more ]
By Hugh Heron Years ago, I used to say that people paid more attention to buying a pair of shoes than a house. That’s not the case anymore, because new-home buyers realize their purchase is likely the biggest investment they will make in their lifetime. I’m happy to say that today’s shoppers are well educated about what’s available in the...[ read more ]
By Jorge and Alisa Aragon What do lenders look at when qualifying me for a mortgage? Most lenders look at the following factors when determining whether you qualify for a mortgage: Income Debts Employment History Credit history Value and marketability of the property you wish to purchase. HOW MUCH CAN I QUALIFY FOR WHEN BUYING A HOME? In order to...[ read more ]