There are a few key things that owners should consider to decide if their investment is worthwhile ” Big real estate investors, such as developers, buy properties to hold for years, through many up and down cycles. “My views are that if you are going to invest you should be a long-term holder,” says developer
Food for thought when shopping for a mortgage in today’s market. ” Should you go with a variable-rate mortgage or opt for the old reliable five-year fixed rate? How can you make sure your payments are predictable while also paying down your principal? Are static payments a good idea?” ” A fixed-rate mortgage insulates homebuyers
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”Canada’s housing agency has cut its national home price forecast for this year and next, saying that interest rates were rising faster than it anticipated – but the agency is not predicting a sharp correction because it said a housing shortage will support prices.” ”Although home prices have plummeted since the central bank started raising
TD economist outlines what the future holds ”That report indicated little prospect of an overall housing market meltdown, noting that home prices are likely to grow modestly after 2023’s first quarter with “some recovery” expected in national housing demand.” ”Indeed, far from a crash, what’s in store for Canada’s housing market is best described as
Sorry, this entry is only available in French.
Sorry, this entry is only available in French.
When it comes to new construction, it’s all about risk and reward. Prices of homes are correcting, cost of lending is increasing and overall supply chain problems are affecting new construction. Builders are not projected to make enough new homes to satisfy demand by 2030. As quoted in the article from the financial post ‘Drastic
”The measure has proven a necessary one to protect borrowers from rate impact, argues leading executive.” ” As a whole, and considering what’s happened in the past few years, I’m certain that most people could say they’re grateful that we did have prudent underwriting parameters in place, that we didn’t completely damage the real estate
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