Ottawa Citizen The Canadian Real Estate Association has raised its outlook for home sales this year, pointing to an improving economic outlook and strengthening consumer confidence. Sales in 2011 are expected to total 439,900 units, which is still down 1.6 per cent from 2010, the industry group said Tuesday. Its previous forecast was for a nine-per-cent decline this year to 402,500 units. However, it forecasts sales to rise three per … [Read more...]
Top 10 Questions You Should Ask When Shopping for a Mortgage
In this ever changing economic environment, it is very important to be sure you are asking the right questions when shopping for a mortgage (whether it be for a purchase or a refinance): 10. Is the mortgage portable/assumable? - life changes, so the time may come when you need the flexibility to take your mortgage with you to a new property, or you may want to make your home more attractive to prospective buyers and offer to have them take … [Read more...]
Does your Dream Home Need Some TLC?
The story is often the same. You find the house you've been searching for in the neighbourhood of your dreams, but it needs some updating or personalizing via renovations that you aren't sure how you can afford. What if you could add these renovations to your mortgage, have it all at the great low rates that a mortgage offers, and all in one payment? Well you can with a Purchase Plus Improvements mortgage! The Purchase Plus Improvements … [Read more...]