Archive for: November 2012

Vast majority now favour fixed-rate mortgages

Filed under: Mortgage - 22 Nov 2012

While it looks like interest rates will remain low for some time, there has been a large swing from variable to fixed-rate mortgages over the past year, says a new report by the Canadian Association of Accredited Mortgage Professionals.

CAAMP’s annual …

Home sales to rise marginally in 2013, prices to be flat

Filed under: Mortgage - 14 Nov 2012

Despite the large drop in home sales that much of Canada experienced in recent months, 454,000 homes will change hands this year, just 1 per cent less than in 2011, real estate agency Re/Max forecasts.

It expects the value of houses …

The hidden costs of home ownership

Filed under: Mortgage - 09 Nov 2012

Kelly Gardiner in his three decades as a real-estate agent in North Vancouver, B.C. has seen a lot of different reactions from people buying a house for the first time. Usually, they’re excited, nervous and overwhelmed. But there’s another feeling …

How to juggle family opinion when buying your first home

Filed under: Mortgage - 05 Nov 2012

These days, many first time home buyers are juggling a lot more than their finances. They have to deal with the challenge of well-meaning, but unwanted opinion. Why? Real estate agents agree that with down payments and closing costs increasing, …