Personal Finance Simplified
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I don’t know where you are, but the housing market in Canada is red hot. Most would agree that its even inflated, but never the less its a hot buyers and sellers market. While in United States, home prices are recovering from the financial crisis, here in Canada they’ve enjoyed a much welcomed growth. Just [...]
Each year, the Canadian Accredited Association of Mortgage Professionals (CAAMP) releases a report on the state of the Canadian mortgage market. A startling number from the CAAMP report reveals that nearly one out of ten Canadians no longer qualify for a mortgage due to the new mortgage rules employed earlier this year. Buyers with less [...]
The following article is written by Brennan Valenzuela for RateHub.ca, a website dedicated to mortgage rate comparison and education. Are Canadian homeowners overconfident? According to a recent BMO report revealed that nearly half of current Canadians homeowners (46 per cent) intend to buy a home in the next five years, signalling a high-level of national [...]
Three years ago this past September I bought my first home, and in the process made the biggest financial decision of my life. I can honestly attest that my home purchased has been the best decision of my life, and something that I’ve embraced whole hardheartedly. As a home owner over the past four years [...]
As a new buyer, saving for your very first home can be a challenging task, especially if you’re hoping to purchase in a big city like Toronto or Vancouver where real estate prices have hit record levels. Finding the lowest mortgage rate can help reduce the monthly mortgage costs, however, you still need to save [...]
