Mortgage, Money and Dream – Our thoughts on Canadian Mortgage Market
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Lower mortgage rate could not help Canadian housing affordability: RBC

Canada_housing-affordability-on_map-2014

According to RBC’s latest housing affordability report – despite of lower fixed mortgage rate Canadian housing affordability has worsened. An accelerated pace of the housing price has forced the cost of home ownership higher. Single family homes were the worst offender. Single-family homes in Canadian metropolitan cities […]

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Canadian homeowners are just fine – former Bank of Canada governor.

According to Mark Carney – former governor of Bank of Canada – in an interview with Sky News – Canadian homes are facing lesser amount of danger compared to the ones in United Kingdom. According to him, Canadian homes are 50% less in terms of valuation metrics […]

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Homeownership 101 – What people think

Homeowners do realise that owning a home is not an easy task. It requires a lot of hard work and prolonged financial stress (for the ones with mortgage) – but still owning a home brings piece and comfort for the people. Owning their own home gave them [...]Read more

Whatever will happen to mortgage rates if house price fall

Mortgage rate and house price both are very much intertwined. Experts often argue about which one of the two influences the other. Actually it is impossible to say which of two things went down/up first or caused the other to surge/drop. So far, in last ten years […]

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Does Real Estate market depends on consumers (buyers)?

Generation X and Y on Real Estate

After a lot of thinking, number crunching and hammering an analyst will present a number that still has high degree of uncertainty of being correct. That is how the financial analyses are,  the reason for their high degree of uncertainty is that it depends on many uncertain […]

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OECD, Fitch and Bank of Canada Chief have nothing in common

OECD is very optimistic about Canadian economy. It thinks that Canada is heading towards the right direction and it will get out of the current economic turmoil soon. It thinks that Canadian economy will attain its glorious 2% inflation target by the end of 2015. In its […]

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Our home is a good investment – Really?

This weekend we had a small group discussion over this burning question – is you home a good investment. I wouldn’t say that all the attendees were big financial gurus but no doubt they (including myself) all had common sense. We are mostly hand-to-mouth people. The pay-cheque […]

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Canadian Housing Affordability

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Canadian housing is not so much affordable but in some places it is not that bad either. It is all about location.

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A report on Canadian housing market – abnormal growth fuelled by CMHC?

Maximum Loan to Value Ratio on an Insured Mortgage

A report full of data and the way they are presented – makes it an interesting read. The report covers from secret ingredients made by CMHC to “Jumping Jim” Flaherty – racing his housing hot rod to the finish line. Overall the report looked for obvious weaknesses […]

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First timers are taking it easy

Mortgage rules effect on First Time Buyers Intentions

A latest BMO poll shows that the home buying intentions among the First Time home buyers are in decline in short term future. First time buyers are a very important part of the Eco-system. The initial target range for them may not be as big but they […]

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Lower housing demand will dampen new building activity

CMHC today said in its Housing Market Outlook that the Canadian housing start will decline in 2013. The reasons for the decline are – weak economic fundamentals and moderation in economic and employment growth. Another factor responsible for lower than usual first time buyers is the slowing […]

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Without New Homes – Our Taxes Will Go up

charges-on-new-homes-in-Ontario

A study by BUILD shows how much GTA municipalities charges on new homes. Without these charges – municipalities have to seek alternative means. There is only another way – our own pockets.

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