Older homes can be full of charm and character, but they may also have worn out systems and components - anything from ancient water heaters to sagging floors. The specific issues that will affect your older residence will depend on how well the home has been maintained. If the home has been well cared for you should only expect to perform some minor repairs, but in the majority of cases at l ...
A new survey of home buyers and sellers in the Lower Mainland reveals who is buying and selling homes, why they are buying and selling, what their experience is in the marketplace, if affordability and quality of life issues are important, and whether REALTORS® continue to play a significant role in the transaction process. On behalf of the Fraser Valley and Greater Vancouver real estate b ...
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Globe & Mail, April 16th, 2009
Looking to get into a bigger home, townhouse owner James
VanderLinden decided last month was the time to make a move.
A buyer in a struggling economy, he bought a new home under asking price - paying $1.1-million in midtown Toronto - but hadn't yet sold his first place.
"I wanted to take advantage of the market," said Mr. VanderLinden, 34, who works in online ...
Canadian Mortgage News April 13, 2009
Newspapers have had their fill of economic doom and gloom recently
with reports of massive job layoffs, falling profits and rising
bankruptcies. But there's at least one headline that has Canadian
homeowners taking notice: mortgage rates are hitting record lows,
with lenders offering fixed five-year rates for about four per
cent.
Lower rates and the prom ...
TORONTO, April 16, 2009 - While the Canadian housing market has felt the strain of the contraction in the domestic economy since the fourth quarter of 2008, improved housing affordability is mitigating some of the stress felt by home buyers, according to the latest housing report releas ...
Mortgages are eating up less Canadian household income thanks to historically low borrowing rates and a drop in house prices, a trend that is expected to continue in the near term, a new survey suggests.
The Royal Bank said the cost of owning a home went down in the last three months of 2008, after rising steadily since mid-2004.
The bank says the biggest factor affecting afford ...
