Thursday, 29 May 2014

Mortgage interest never as easy to pay as now — as long as rates stay low

It hasn’t been this easy to pay the interest on your mortgage in almost 25 years. Credit rating agency DBRS Inc. has been tracking our ability to pay loans since 1990 and says today we only need on average 3.7% of our household disposable income to cover the interest on those loans — the lowest percentage on the books.

Tuesday, 27 May 2014

Housing affordability decreasing across Canada

OTTAWA — It’s becoming increasingly difficult for families to own a home in Canada and affordability is expected to get worse going forward, according to the Royal Bank of Canada.

Tuesday, 20 May 2014

Spanish property sales up 26% but expert warns data is skewed by tax changes

Image The Spanish property market sales grew by 26% year on year in March according to the latest figures from the National Institute of Statistics (INE).

Friday, 16 May 2014

Interpreting The Numbers

Is the glass half full or half empty?  Are the measures that we’re taken to modify the real estate market balanced or have policy makers over reached?  Numbers are supposed to be black and white.

Thursday, 15 May 2014

5 things you need to know about mortgages

People have been buying houses for centuries, so you may think it's easy to get a mortgage. Unfortunately, you can't just walk into a bank and say, "I want to buy a house so give me a loan." The process can take a while and it can be complicated. Here are five things you may not know about the mortgage process. 

Wednesday, 14 May 2014

Spring selling season gets off to limp start as Canada’s home prices gain least since recession

TORONTO — Canadian resale home prices rose in April, but the start of the hotly anticipated spring selling season appeared milder than usual, the Teranet-National Bank Composite House Price Index showed on Wednesday.

Friday, 2 May 2014

Taib linked to money-laundering in Canada

KUCHING: In the latest twist following the HSBC scandal, Canada’s largest insurance and finance provider Manulife Financial seems to have landed itself in a mess over its ‘unusual’ mortgage transactions with the Taib clan.