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  • Moderated market by 2016? You have oil to thank

    Provinces mainly affected by sinking oil values are likely to drive a moderated housing market in 2016, said a new outlook report released today by the Canada Mortgage and Housing Corp. “Our market outlook calls for gradual moderation in the pace of new home construction over the next couple of years as employment, disposable income ...
    Posted to Teri Lynn & Norm Hilson (Weblog) by 222196 on February 6, 2015
  • Is it possible to buy a property after a bankruptcy?

    Most Read10 top tips for a successful tenant background checkWe've all heard the horror stories of tenants who destroy property or fail to pay rent. A bad tenant can be a nightmare for any landlord, as well as both emotionally and financially draining.The 5 critical C’s of credit every investor must understandInvestor Marcel Greaux ...
    Posted to Teri Lynn & Norm Hilson (Weblog) by 222196 on February 5, 2015
  • CREA raises projections for house sales but warns of oil-price ‘wildcard’

    It’s not clear how far oil prices may drop or for how long they’ll stay down,” says CREA economist Gregory Klump. “How that plays out may affect the outlook for interest rates, jobAARON HARRIS / TORONTO STAR FILE PHOTO“With mortgage rates remaining at historic lows since the summer, activity has remained stronger for ...
    Posted to Teri Lynn & Norm Hilson (Weblog) by 222196 on December 16, 2014
  • Canadian homes now more affordable

    At last, homeownership is within the grasp of some Canadians but their choices may be somewhat limited.Houses have become “slightly” more affordable for the average Canadian but they will have to think small.According to RBC’s latest Housing Trends and Affordability report, household incomes outpaced a modest rise in mortgage ...
    Posted to Teri Lynn & Norm Hilson (Weblog) by 222196 on February 25, 2014
  • The Canadian Mortgage Myth

    It is all over the news - That Canadians have debt levels that are skyrocketing, particularly when it come to home ownership and mortgages.   If you listen to what a lot of the pundits are saying it means that in the event of a softening of the real estate market most home owners will find themselves in a negative equity ...
    Posted to Teri Lynn & Norm Hilson (Weblog) by 222196 on February 3, 2014
  • 5 issues you'll miss without a home inspection

    In hot housing markets, buyers sometimes offer to waive the inspection to help their offer stand out from the crowd. But most real estate professionals agree this is a bad idea. Here's 5 reasons why.Pests:  Mice and insects are easy and fairly inexpensive to treat, but the damage they leave behind isn’t always. A good inspector can ...
    Posted to Teri Lynn & Norm Hilson (Weblog) by 222196 on January 29, 2014
  • Is the government set to heat up the market?

    Is the government about to reverse its aggressive market cool down strategies?In the face of idling home sales, there is growing speculation among economists that the BoC will soon have to fight deflationary trends, in part fueled by idling home sales.“The inflation right now is very low and it will stay very low in the coming months,” ...
    Posted to Teri Lynn & Norm Hilson (Weblog) by 222196 on January 25, 2014
  • Check Your Insurance Policy

    With the ice storm causing havoc across the country, homeowners are being advised to safeguard their properties and remove any debris that may cause damage.As Quebec, Southern Ontario and the Maritimes continue to battle against the elements, affected homeowners need to check their policies as soon as possible, says the Insurance Bureau of Canada ...
    Posted to Teri Lynn & Norm Hilson (Weblog) by 222196 on December 28, 2013