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Home sale vs. reverse mortgage

Owning an expensive property doesn’t guarantee you financial safety over your entire life. Homeowners, who don’t have sufficient retirement income often face a difficult decision: should they sell a beloved home or transform it into an income source. One of the options is taking...
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Home sellers were distracted by other issues in early September

Housing listings are starting to grow in the GTA, as homeowners are not as distracted now than a few weeks ago. The beginning of September was full of other important things for many sellers, including students coming back to school, the Jewish High Holy...
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Ontario shows an increase in investment properties purchases

Homebuyers are becoming more interested in Ontario investment properties. The recent report by Canadian Housing Statistics Program (CHSP) shows that more and more homebuyers are looking for real estate in Ontario, not planning to occupy it. Over a 12 months period which ended in...
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5-year Fixed Rate Mortgage gets cheaper

Banks are actively lowering their 5 years fixed mortgage offerings in hopes to attract more clients at the time of fall housing market. Activity has dropped significantly and looks like mortgage lenders are in lookout for new business. As of today, we have our...
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Real estate prices keep growing in Canada because of restrained supply

The latest report by the Canadian Real Estate Association (CREA) shows that national housing prices were up in August from July for the first time since February because of extremely restrained supply. The average home price reached $663,500 last month, marking an annual increase...
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