Resale Home Prices Double Over Decade

Posted on August 11/2010 by Mortgage For Less

Canada's resale market has out-priced new housing over the past decade. Between 2000 and the first half of 2010 the average cost of a new home increased by about 50 per cent while the average price of a resale home more than doubled, according to a report released Tuesday by Scotiabank. The bank attributes the robust resale numbers to a multitude of factors including the tight supply of resale homes, low interest rates and mortgage market innovation.

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Canadian housing bubble still looms

Posted on August 31/2010 by Mortgage For Less

Though home sales are slowing, prices in six of Canada's largest housing markets are in bubble territory. Home prices are sitting at 4.7 to 11.

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CREA Forecasts Fewer Home Sales

Posted on August 3/2010 by Mortgage For Less

The Canadian Real Estate Association has revised its 2010 forecast for existing home sales, projecting housing activity will be roughly six per cent lower than its previous estimate.

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Know Thy Penalty

Posted on August 6/2010 by Mortgage For Less

If there's any chance you'll break your mortgage before its term is up, know what kind of penalty you’ll be slapped with. A lot of people never bother to look into it.

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