Fixed-rate mortgages are experiencing an increase in rates, according to an article published by CBC News. Royal Bank is just one of several big Canadian banks moving to increase their rates, which is being done as a reaction to higher borrowing costs on the bond market. The rates are closely tied to the bond market, as…
For many home buyers, the first step of the process is to get pre-qualified for mortgage financing. With pre-approval from a lender, buyers can begin the search for their dream home while keeping within their expected budget. But there’s more to it than simply ensuring you’ve been pre-approved. The Toronto Star recently published an article…
May Market Cools As Heat Picks Up The Ottawa Real Estate Board has released its sales statistics for the month of May, 2013. According to the press release, while home prices continue to increase slightly, the “Ottawa market is still on par with average sales since 2009, and 233 more properties were sold than the…
The Royal LePage House Price Survey released in 2013 showed that house prices remained relatively flat in the first quarter of the year, compared to the first quarter of 2012. The survey reported that the average price of a home in Canada increased between 1.2 per cent and 2.4 per cent. An unprecedented combination of…
According to an article in the Business News Network, the real estate market in Canada is stabilizing. Royal Bank economists have reported that “demand and supply remain in balance in most of the country”, easing the concern that Canada will experience “a U.S.-style housing bust”.
Read the full article here.
According to the Royal Bank, Ottawa is among the most affordable cities in Canada.
To read the full article from the Financial Post, please click here.
Royal LePage is celebrating 100 Years in 2013! Help us celebrate by entering to WIN this 1913 Ford Model T! Drop into any Royal LePage Performance Realty, Team Realty, or Gale Real Estate office to fill out a ballot. You can also pick up a ballot at any of our open houses! Clients who have…
Don’t miss Royal LePage’s annual National Shelter Foundation Garage Sale this weekend! The Royal LePage Shelter Foundation supports women’s shelters and works towards ending violence against women and children. The Shelter Foundation has raised more than $16 million since its inception, with the help of generous Royal LePage agents, brokers, managers and administrative staff, along…
Interested in how a Realtor® can help you navigate through the home buying process? In collaboration with the Financial Consumer Agency of Canada (FCAC), The Canadian Real Estate Association has launched an informative “Road Map” publication for home buyers. This helpful guide offers advice for any buyer thinking about purchasing their next home, with tips…
The Bank of Montreal recently released a Home Buying Report and posted their findings online. First-time buyers can expect to spend $300,00 on their first home. The article also reveals more details about mortgages, including statistics on which types of mortgages first-time buyers are more inclined to choose when purchasing their first home. Click Here…