Good news for Canada; RBC Economics is reporting that the overall the country’s real estate is becoming more affordable. Despite the fast-growing prices in Toronto and Vancouver, Canada’s still seeing a slight increase in affordability for real estate.
RBC Economics is basing this off of lowered utility costs, lower interest rates and rising household incomes. These factors have made it easier for people to enter the market and Edmonton is one of the city’s seeing real estate becoming easier to afford. Here is a look at the situation in Canada right now.
For informational purposes only. Always consult with a licensed mortgage professional before proceeding with any real estate transaction.
Many homeowners enjoy a feeling of satisfaction when planning and completing a home renovation or repair. However, everyone has a different skill set and a homeowner may be unaware of some important considerations when it comes to home repairs or renovations. What should a homeowner think about before taking on a home project?
Surprises at closing are never fun to deal with or a good thing. They can actually cause the entire deal to fall apart. However, mortgage surprises can be avoided. Here are a few tips to help you avoid any surprises when you get to the closing table.
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For those in the market to buy a home that are also expecting a baby, you might want to make some considerations for how the baby will function in the home you are choosing. You need to make sure there will be enough bedrooms for your growing family, you are moving into a neighbourhood with a good sense of community and that your home is going to be safe for little ones. Whether you are pregnant now or looking to start a family soon, here are the items to consider for your .
One of the first decisions Canadian home buyers face is whether to purchase an existing home or a newly constructed one. While obvious reasons may exist for choosing one over the other, such as buying a new home because it has never been occupied or choosing an existing home to save some money, the ultimate decision may rest on other important factors.
The right mortgage for a Canadian homebuyer depends on their budget, future plans, and extenuating circumstances. While some people may choose their mortgage by picking the loan with the lowest interest rates, doing so may not be the best decision in the long run. Before visiting a lender, it helps if a buyer understands the logic behind mortgages and their available options.
When selling a home, agents and advice articles alike will tell homeowners that they should be spending time staging their home before allowing anyone to come for a showing, but what exactly does it mean to stage a home? Staging is a form of decorating with the goal of making a home appealing to the widest number of people possible in order to help it sell faster. With that in mind, it can be difficult for many homeowners to know where to start staging there home, so here are three tips anyone can use.
For a person with a sense of adventure and money to get started, real estate investment is a rewarding business venture. Before spending money on real estate, it's important to learn about the trade. If you're just beginning down this path, here's what you need to know.
Mould in the home environment is a growing concern for homeowners across the country. In addition to being a serious health hazard for the occupants of the home, the presence of mould can reduce or eliminate prospective buyer interest and be both difficult and expensive for homeowners to deal with.