CMHC comments on the rental market in CanadaThe vacancy rate across the major centres in Canada was unchanged at 2.6 per cent in 2007. Over the last year, demand remained relatively strong given a solid employment growth, particularly for the younger age groups. Overall net migration was high last year which fuelled demand for rental […]

There was an article in the Toronto Star yesterday that quoted the Governor of the Bank of Canada as saying:

“OTTAWA Confronting an economic crunch created by the sub-prime-mortgage meltdown in the United States, Bank of Canada Governor Mark Carney says he’s worried about the increasing popularity of the 40-year mortgage in Canada.“

You may […]

I just noticed today that my previous post yesterday May 1st was my 500th post! I never realized I was so verbose, even though my family tells me so!Have a great day Mark
Read more about:

Interest Rates

Power of Sale Properties

Price Trends

or Search the MLS and more at my website

Thank you for reading my blog and […]

House price gains will remain strong in 2008
The average MLS® house price is expected to grow by 10.6 per cent for 2007, to about $306,000 as strong sales in Western Canada continue toput pressure on prices. In 2008, existing home markets will become more balanced and price pressures will begin to ease.
The average MLS® […]

Rising housing values and lack of inventory challenge first-time buyers, says RE/MAX

“Homeownership continues to be primary objective” KELOWNA, BC, April 22 /CNW/ -While higher housing values and tight inventory levels have hampered home-buying activity so far this year, longer amortization periods and alternative housing types have offset the impact on most major markets across […]

I would not have believed it unless I had seen the listing myself.

There is a detached home in Toronto for $169,900 It’s a power of sale and needs work, but hey, $169,900 in Toronto, what did you expect. See the listing below and let me know if you would like to see […]

Important Questions to Ask an Agent Before Listing Your Home for Sale

Do you have an active real estate license in good standing?
How long have you been licensed as an agent?
Why do you think I should list with you?
What professional designations do you hold?
What party will you represent — the buyer or the seller?
What services […]

The table below shows current posted and possible mortgage interest rates in Ontario. You will note that most lenders are offering .5% off the Bank Prime Rate for Variable Rate mortgages. The rate drop game continues. Although the prime rate has dropped about 1.5% over the past 6 to 8 months, the […]

What do the recent drop in interest rates mean to you?

As everyone is by now aware, the Bank of Canada lowered their prime lending rate by 50 basis points yesterday bringing the rate down to 4.75%. This means that we are now seeing variable rates as low as 4.15%!

While they have lowered the rate […]

Bank of Canada Slashes Interest Rate Again!

This could be the final cut for some time to come as the Bank of Canada cuts another 50 points off the key rate

In a widely expected move, the Bank of Canada cut its key interest rate by 50 basis points, or half a percentage point, on Tuesday? The […]