Share With the Bank of Canada keeping rates at its historic low until the middle of 2010, people tend to overlook the fact that the increase in rates will increase, and in time reach levels higher than before. Although, not many will have to worry about the increase in rates till their current mortgage expires, [...]
Share There have been moderate changes in Manitoba’s housing affordability over the second quarter. It suggests that it is at a turning point, according to the latest housing report which was released on September 9th by RBC Economics. Senior Economist at RBC, Robert Hogue noted that the resale activity ramped up in the spring and [...]
Share On September 9th, RBC Economics released its latest housing report which revealed that Housing Affordability has improved considerably in Saskatchewan since early last year as the RBC Affordability measures improve once more in the 2nd quarter between 0.4% – 1.4%. Affordability measures retreated since their peak in early last year, as a result, homebuyers [...]
Share The rally seen in British Columbia’s (B.C.) resale housing market this spring and summer reflects the significant decline in the costs of owning a home in B.C., according to the latest housing report released by RBC Economics on Sept. 9th. There have been cumulative declines in homeownership costs over the past 5 quarters have [...]
Share After purchasing your home, and moved into you new house, you will have to be aware of the financial responsibilities of homeownership is just beginning. You already know that you will have to make mortgage payments, whether it is monthly, biweekly or weekly; always ensure that you make your mortgage payments on time. By [...]
