According to the Worldwide Cost of Living survey 2008 – City ranking published by Mercer, Toronto is the most expensive city for expatriates in Canada and 54th worldwide, jumping 28 places from last year. All other Canadian cities in the survey have experienced similar rises, with Vancouver moving from 89th to 64th (score 85.8 ), [...]
There’s lots of mortgage no-no’s but here are 10 off the top of our heads…
10. Make large undocumented bank deposits
9. Fail to disclose you’re on probation with your employer, maternity leave or disability
8. Close credit accounts with zero balances
7. Co-sign a mortgage or loan for someone else
6. Change your job from full-time to part time
5. [...]
Sharing a vacation home seems like such a naturally great idea. But purchasing real estate with people you like and/or love can create the kind of problems that end those valued relationships. Dreams of good times, shared vacations and watching everyone’s kids grow up together can be replaced with broken furniture, angry calls about “holiday [...]
For the most recent Canadian related real estate news, check out KeyCanada.ca news section.
Any suggestions are welcome.
Are you looking to buy a home? If so, CMHC has a few tips to make things easier for you by providing the information you need to make a wise homebuying decision.
Step 1 — Is Homeownership Right for You?
Buying a home is one of the biggest financial and lifestyle decisions you will make, so it [...]
Ever wonder how much your home is really worth? Well you might be finding out soon as new values — updated from Jan. 1, 2005 to Jan. 1, 2008 — are being applied to all Ontario real estate from small, single family homes and condos to apartment blocks and mansions, from small shops to massive [...]
The Canadian housing market is slowly shifting towards a buyers market, which often means buyers have greater negotiation power when it comes to price or the ability to squeeze out extra perks from sellers. So should buyers ask to sleep over ? and should sellers agree?
From the buyers’ perspective it is an excellent opportunity to [...]
Buying and selling real estate in today’s tumultuous, highly demanding marketplace is not for the faint of heart. Below are a number of basic pitfalls that buyers and sellers should avoid. (source: Forbes)
1. Not Using a Buyer’s Agent
2. Not Getting Loan Pre-Approval
3. Having Unclear Goals
4. Forgoing Home Inspections
5. Not Shopping Mortgages
6. Overpricing
7. Limiting Showings
8. Failing [...]
Saskatoon’s real estate market among most balanced: CREA (canada.com) – July 16th, 2008
Day of bad news for the economy (therecord.com) – July 16th, 2008
Economy takes triple hit (Toronto Star) – July 16th, 2008
Resale home listings increase, sales slip: real estate association (CBC) – July 15th, 2008
Bank of Canada faces crucial rate cut choice [...]
Australia Home Lending At Lowest Level Since 1991
“HOME lending growth has suffered its biggest decline since the 1991 recession while inflation continues to soar, confronting the Reserve Bank with the dilemma of a slowing economy and simultaneously rising prices as it meets today to set interest rates.” http://globaleconomicanalysis.blogspot. … level.html
U.K. House Prices Drop Most on [...]
