Share When you are deciding to buy your first home, one of the questions that often comes up is: how much should I pay for my down payment? The short answer is: as much as possible. We’ve all seen the havoc that some of the no-down payment mortgages in the U.S. have caused. Since buyers [...]
Share With the change coming to the housing market, home buyers might begin to find themselves looking at less expensive houses in order to purchase a home according to the new rules. What might happen as we are nearing the period when interest rates rise, we will see Canadians stretching their budget; however what happens [...]
Share Despite the recession, average home prices have been rising throughout the last decade. In contrast, wages have generally not kept pace with the rising cost of owning a home. The result has been that home buyers, particularly new home buyers, have been choosing longer amortization periods for their mortgage. Traditionally, Canadians have done 25-year [...]
Share As a buyer in the current housing market you will be looking forward to taking advantage of low interest rates and a surplus of inventory to go through. The problem that we have here is the time when interest rates rise and you have stretched the limits of your budget by choosing the maximum [...]
