Canadian home prices continued their surprisingly strong ascent in February, but are unlikely to prompt policy-makers to take actions to cool the market at this point. The average selling price of existing homes that traded hands across the country last month was $406,372, up 10.1 per cent from a year earlier. The MLS Home Price […]

For years, most of Marg Green’s self-employed clients could count on getting a mortgage on the strength of their credit score, and on their word that they were earning enough from their business to repay the loan. These days, because of rules brought in almost two years ago by the regulator of the country’s chartered […]

Someone ought to explain the facts of life to the nation’s bankers. They’re handing out mortgages to people without any apparent understanding that today’s home-buying couple is tomorrow’s family of three or four. A lot happens to one’s ability to afford mortgage payments when kids come along, but you’d never know it by the way […]

RRSPs are seen as mostly benefiting people saving for retirement. But they can also be put to good use by adults in their prime working years. Whereas retirees are limited to deferring taxes, younger people can use RRSPs to reduce taxes, or to facilitate buying a house or attending an institution of higher learning. Reducing […]

The provincial land transfer tax can add an additional 1 to 2 per cent on the cost of a home purchase if you live outside of Toronto. If you buy in Toronto, the amount is almost double. The Toronto Real Estate Board has been lobbying for five years to remove this tax, claiming that it […]

The federal agency that backstops Canada’s housing market will make an announcement Friday that could affect the mortgage market and home buyers. The Canada Mortgage and Housing Corporation is tight-lipped about what, exactly, it is planning to unveil Friday. But CMHC did confirm to CBC News that an announcement is in the pipeline. A spokeswoman […]

As the nation’s lead advocate for quality nutrition in schools, they provide: nutrition grants that allow programs to obtain food, equipment and staff required to meet the needs of their school community; child nutrition education resources and tools to help raise awareness and educate communities about proper nutrition; research to support the vital link between […]

Buying her first house and getting her first mortgage was an overwhelming experience for Roslyn Judd. She had signed a deal to buy a new house, she had put down her deposit, and she was pre-approved for a mortgage. Now she had to sign a final deal with her bank to lend her hundreds of […]

Gold Medal Mortgage Rate Update: 1 year rate 2.89% 3 year rate 2.74% 5 year rate 2.99% Variable 2.35% 100% financing 4.85% – no down payment required OAC Self Employed, Divorce equity takeout to 95%, New to Canada, First Time Home Buyer, Debt Consolidation, Private 2nd mortgages, Line of Credits, Construction Mortgages, Commercial Mortgages and […]

Canada’s most expensive streets Front Page Feb 14, 2014 REM magazine ici picBay Street in Toronto has the most expensive office rates in the country, followed by Burrard Street in Vancouver and 2nd Street SW in Calgary, says a report by Jones Lang LaSalle (JLL). “Location is everything,” says Brett Miller, president of JLL. “As […]