HOw much Does it cost to break a mortgage …. http://www.theglobeandmail.com/report-on-business/video/video-drawing-conclusions/article24027597/  

Real estate agent Chander Chaddah thought that the Toronto real estate market was fairly subdued in the opening days of February. He worked with two sets of clients who were able to buy houses in High Park and Little India respectively after fending off only a couple of other bidders. Then he heard about 75 […]

These are stories Report on Business is following Wednesday, Oct. 22, 2014. Central bank cites housingThe Bank of Canada is raising red flags about the Toronto, Calgary and Vancouver housing markets. Those are, of course, key markets in Canada, where real estate values differ widely across the country. In its monetary policy report today, the […]

The current state of the economy has left many of us in dire conditions. For many the ability to simply make ends meet is something that has become impossible to do. Sometimes no matter how hard you work, it just seems like you simply do not have enough to keep your head above water. Hello, […]

The share of Canadians who are predicting higher home prices in their neighborhood remained above 40% for a fifth week in the latest weekly polling by Bloomberg and Nanos Research. That’s kept consumer confidence levels at near the highest in four years, the data show. Improving views on housing follow a recent acceleration in the […]

Canadian home prices continued their ascent in April, while the number of existing homes that changed hands came in slightly lower than a year ago. The average sales price across the country rose 7.6 per cent from a year earlier, to $409,708. Averages can be distorted by changes in the types or locations of homes […]

http://www.thestar.com/business/personal_finance/2014/04/25/close_your_home_purchase_on_a_wednesday_weisleder.html Close your home purchase on a Wednesday: WeislederWhy Friday is the worst day to take possession, and other tips on making your real estate deal go more smoothly. The last Friday of the month is typically the busiest day for real estate lawyers, which means deals may not close until late in the day […]

CMHC cutting back on what it covers with mortgage default insurance Tyler Anderson/National PostCMHC said its second home and self-employed without third party income validation business account for less than 3% of CMHC’s insured business volumes in units. Canada Mortgage and Housing Corp., the Crown corporation that controls the vast majority of mortgage default insurance […]

http://metronews.ca/news/toronto/1016235/lawrence-park-fixer-upper-gets-72-offers-goes-for-195-per-cent-of-asking/ As bidding wars go, it was the ultimate battle and a warning for frantic buyers bracing for spring market: A five-bedroom detached house in the Yonge and Lawrence area has sold for almost double its $699,000 list price with a record 72 offers. “We expected in the $1.1 million range, but the market pushed […]

CMHC Changes Its Mortgage Insurance Product Offering OTTAWA, April 25, 2014 – As part of the review of its mortgage loan insurance business, CMHC is discontinuing its Second Home and Self-Employed Without 3rd Party Income Validation mortgage insurance products effective May 30, 2014. Self-employed Canadians can still qualify for CMHC insured financing through CMHC homeowner […]