If you’re shopping for real estate, it means that your mortgage from the bank might come with a higher interest rate and monthly payment. However, it could also mean that the prices of houses might drop as well., there are more homes for sale than people who are looking for them. Conversely, in a sellers’ market, there are more people looking for homes than homes available on the market., according to MLS data gathered by Wowa.
It also depends heavily on what city you want to buy a property in. Different housing regions of Canada will react much differently to market movements, so stay on top of the area that you want to buy and watch the next few months closely. Christopher Liew is a CFA Charterholder and former financial advisor. He writes personal finance tips for thousands of daily Canadian readers on his
When the speculators get burned big time
Not for a while!!!
When interest rates are low, the economy is stable,employment is stable and housing is affordable. If only one of these is not there, the risk increases substantially.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Property Property Latest News, Property Property Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
New boutique hotel reflects Calgary’s transformation as tech and culture hubThe Dorian an attractive addition to city’s commercial real estate sector
Source: globebusiness - 🏆 31. / 66 Read more »
Letters to the editor: ‘Can homeowners pay a bit more in taxes? I see them sitting in their castles amongst wealth that would put dukes and barons of old to shame.’ A new real estate tax? Plus other letters to the editor for Aug. 23‘Can homeowners pay a bit more in taxes? I see them sitting in their castles amongst wealth that would put dukes and barons of old to shame.’ A new real estate tax? Plus other letters to the editor for Aug. 23 Is there a chalkboard of stories? expect you are not, at this time a home owner. and yes buying a home today in Canada seems out of reach for many Many homeowners have a great struggle to maintain their property Yes let's make housing even more expensive 🥴
Source: globeandmail - 🏆 5. / 92 Read more »
Canada’s real estate market is slumping, but experts say it won’t crash — here’s whyImmigration and shrinking household sizes will continue to bolster housing demand for the long-term, according to a new RBC report I thought RBC said Ontario is in for the biggest market correction in decades. Can't believe anything you read anymore. They also said prices would never fall. So, chronic housing crisis will continue indefinitely 'cause we insist on having the most aggressive immig. rate in the west our broken housing &health systems can't absorb. Result: degraded quality of life for millions, incl. newcomers, as basic human needs are denied people.
Source: TorontoStar - 🏆 60. / 55 Read more »
Ottawa’s Changing Real Estate MarketMarnie Bennett from Bennett Property Shop Realty talks about what sellers need to know as the market returns to normal.
Source: ctvottawa - 🏆 29. / 67 Read more »
The history of the Forest Hill neighbourhood in TorontoForest Hill is Toronto's neighbourhood for all things wealthy. It's known for its large homes and close proximity to downtown, but these perks come...
Source: blogTO - 🏆 44. / 63 Read more »