If you are new to Canada, or new to home buying, it is very important to understand the steps that one must go through to purchase a home in Canada. The following video will give you very informative, but basic, information about the following topics: 1) Application Process 2) Pre-approval and Approval 3) Types of…
We post many topics on increasing the value of your home. Most of them touch on the same thing, but the advice never gets old. It cannot be stressed enough how important some small (or bigger) changes to your home will affect its sale price. Here are a few pointers to get you started: FRONT…
The new rules being enforced by the Canadian government is basically to protect the nation’s citizens from getting into the same bubble-bursting situation that the Unites States has been and is currently dealing with. Interest rates are at an all-time low, and as a result, people are buying homes with very little down. While this…
While industry experts and housing reports have issued warning about household debt levels and the possibility of an impending housing bubble, Finance Minister, Jim Flaherty, stated that the federal government was making changes to make securing a mortgage more difficult. The rule tightening will require all borrowers to meet strict qualifications for a five-year fixed-rate…
After much back-and-forth, the government of Quebec is providing $10,000 to a local charity that will assist the displaced victims of the February 2nd fire in Gatineau. This new comes just as the city was set to discontinue supporting the three dozen or so victims. The organization that will receive the money is Entraide familiale…
The City of Gatineau and the government of Quebec were in disagreement as to who will have to assume the costs of the February fire that left three dozen people homeless earlier this month. After a lengthy series of meetings, Gatineau decided to pay for the damages. Councillor Denise Laferriere of Hull-Val-Tetreau has been urging…
This month, Statistics Canada announced that the price of new homes in the Ottawa-Gatineau market increased more rapidly in December than any other city. The price of new houses in Ottawa-Gatineau rose faster in December than in other cities, Statistics Canada said Thursday. The increase of 0.8 per cent is double the average for country….
Watch this informative video that tell you five ways that your home can make you sick and how to improve your well-being with simple tips.
Compared to 2009, the Ottawa housing market is continuing to get better. When measured against January 2009 numbers, Ottawa home sales – including resales and condo sales – was up 35 per cent this year. This is great news for the city after going through a similar recession like other markets last year. According to…
A new report by the Canadian Association of Accredited Mortgage Professionals stated that many Canadians are now increasingly “conservative in their mortgage choices” leading to less loan defaults. The report also stated that of the people surveyed, over 40,000 mortgages (which totalled $10 billion) last year, 86 per cent of those loans were fixed-rate mortgages,…
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