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  • Rent Control Changed Again

    Effective immediately, rent control rules will no longer apply to new (as in previously unoccupied) housing units. Rent control will, however, be preserved for existing tenants. Part of this initiative will be the reintroduction of the rent control exemption that will apply to new rental units first occupied after today.
    Posted to Teri Lynn & Norm Hilson (Weblog) by 222196 on November 17, 2018
  • Bank of Canada wants rates back to normal – here’s what that means for your mortgage, line of credit

    Today’s interest rates are still at jaw-dropping, forehead-slapping, eye-popping lows if you judge by historical standards.So when the Bank of Canada talks about bringing rates back to more normal levels, you better listen up. Rates have already risen in the past 15 months and it now looks like there’s a fair bit more to come. Brace ...
    Posted to Teri Lynn & Norm Hilson (Weblog) by 222196 on November 14, 2018
  • Real estate is only viable retirement strategy

    It may be a bitter pill to swallow for boomers headed into retirement with only meagre returns on fixed-income investments, but the advice of a leading real estate expert may keep others from following their lead.“Many Canadians today are having trouble with their retirement strategy and they are worried about outliving their ...
    Posted to Teri Lynn & Norm Hilson (Weblog) by 222196 on December 2, 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
  • 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
  • STAY CALM!!

    Investors should calm down and carry on in 2014. That is the word from Scotiabank who are playing down the so-called risks that may affect market conditions next year.The big risks – high household debt, affordability issues and muted wage growth – should not pose a serious threat to the Canadian housing market in 2014, despite what ...
    Posted to Teri Lynn & Norm Hilson (Weblog) by 222196 on December 30, 2013