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Survey Says: Canadian Housing World’s Most Affordable, Least Affordable

In what may have come as a shock to anyone living in Toronto, Montreal or Vancouver, the 7th Annual Demographia International Housing Affordability Survey recently ranked Canada and the United States the most affordable markets among countries surveyed in 2010. To be ranked affordable, a market could not have an average housing price of more than three times the median income for that ...

Key Interest Rate Holds, Mortgage Rules Tighten

Canadian banks and mortgage brokers are having mixed reactions to the latest mortgage rules introduced by Finance Minister Jim Flaherty. The federal knuckle rap is a warning to Canadians to curb our appetites for borrowing more than we can afford. On the heels of the announcement, the Bank of Canada left the key interest ...

Should You Buy a Home in 2011?

Attractive mortgage rates lured more home buyers into the market in 2010. Doom and gloom predictions brought on by the HST, tighter mortgage rules and projected interest rate increases failed to materialize.  While not all housing markets experienced the best of times, overall, real estate investors didn’t experience the free fall that many had feared. What are forecasters ...
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