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It’s long been an accepted fact that self-employed Canadians have difficulty qualifying for mortgages. But that could be able to change, now that new lending rules are in place. https://t.co/R3VnmkFRye
While the sales bump is a welcome change from the slumping activity that characterized the first quarter of the year, nowhere near the record breaking numbers seen in 2017. But according to an economist, the market could return to its former heights. https://t.co/c7psEACHHm
Between considering mortgage terms and insurance to viewing properties with your realtor, buying your first home is a busy and stressful time. Here are some questions you should ask. https://t.co/WZ1va9YYo3
After months of slumping activity, economists and industry watchers alike have been waiting to see when the Canadian housing market would get back on its fee https://t.co/m31JNZH7cq
While the Canadian housing market has seen a slight uptick in activity over the past few months, one economist warns that it will be quite awhile before the market returns to its formerly hot conditions. https://t.co/xKZG4ioQzP
Canadian home prices have cooled considerably over the past few months and, according to one economist, that’s unlikely to change any time soon. https://t.co/PgGDt65uov
“Home prices, home building and borrowing: In a similar vein, strong population gains will also drive housing activity,” writes BMO senior economist Robert Kavcic, in a recent note. https://t.co/SyUHdR7h2n
As Canadian Millennials finally leave the nest, more and more Boomers are considering selling their family homes. The only problem? They can’t afford to downsize in their existing community. https://t.co/urxq75zB6t
Economist Douglas Porter, notes that the 100 basis point rise in the overnight rate over the past year has weighed on consumer spending, borrowing, and the housing sector. https://t.co/8hE1ozqSCq
Canada’s GDP jumped 0.5 per cent in May, beating most economists’ forecasts, and bringing second quarter growth to 3 per cent in annualized terms. https://t.co/KWB3V0iW3W
It’s easy to get caught up in the excitement of finding and putting an offer on a home but there’s one vital step that shouldn’t be overlooked — the home inspection. https://t.co/dq8k4o1IkJ
Since the new mortgage stress test was implemented on January 1, roughly 18 per cent of prospective homebuyers were unable to buy their preferred home, according to a new report. https://t.co/Fof8Q1OGvk
It took the Canadian housing market five months to adjust to a new mortgage stress test, but it seems as though June may have been the month it finally did. https://t.co/TFAVFQ6ydq