Category Archives: Housing in Canada
Paying Off Your Mortgage Faster – 10 Quick Tips
Written on October 24, 2012 at 3:33 pm, by Ingrid Jarisz
Don’t waste your hard-earned money on interest! These methods have allowed many people to shorten their mortgage life by years in a very short period and enjoy a greater lifestyle for a longer period. One of the highest financial priorities of Canadian homeowners is to pay off their mortgage as quickly as possible. Paying Continue Reading »
Victoria Real Estate Market at a Standoff as Prices Remain Steady
Written on October 1, 2012 at 3:52 pm, by Ingrid Jarisz
VICTORIA BC – REALTORS® across Vancouver Island are experiencing a “wait and see” attitude amongst buyers and sellers alike. The result? Prices remain steady but sales numbers are down in some categories. Total MLS® residential sales for September 2012 were 400 compared to 435 in September 2011. During the month, 216 single family homes sold Continue Reading »
Activity Continues in Favourable Victoria Real Estate Market Conditions
Written on August 1, 2012 at 11:29 am, by Ingrid Jarisz
VICTORIA BC – Real estate activity continues to be steady in Greater Victoria, reflecting favourable conditions attributed to stable pricing, low interest rates and good selection. Total MLS® sales for July 2012 were 523 compared to 523 for the same period in 2011. During the month, 293 single family homes sold throughout the Victoria Real Continue Reading »
HARPER GOVERNMENT TAKES FURTHER ACTION TO STRENGTHEN CANADA’S HOUSING MARKET
Written on June 24, 2012 at 11:26 am, by Ingrid Jarisz
Recently the Minister of Finance announced changes to the standards governing government-backed insured mortgages: the maximum amortization period was reduced from 30 years to 25years; the maximum amount Canadians can withdraw in refinancing their mortgages was lowered to 80 per cent from 85 per cent of the value of their homes; the maximum gross debt Continue Reading »