Blog by DOINA BIOLAN B.Comm

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HOUSE RICH OR HOUSE POOR?

September 19th, 2013
Are you house rich or house　poor? Jason Heath | 17/09/13 2:57 PM ET 　 According to Statistics Canada, about one-quarter of Canadians are spending too much on housing costs. "Too much" is defined by Canada Mortgage and Housing Corporation (CMHC) as 30% or more of household income. Are you house rich and cash poor? With time winding down to get in on some of the best mortgage rates ...
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Posted in General

MORTGAGE RULES TIGHTENING

September 10th, 2013
Regulator eyes tighter mortgage rules TARA PERKINS - REAL ESTATE REPORTER The Globe and Mail Published Tuesday, Sep. 03 2013, 12:01 AM EDT Last updated Tuesday, Sep. 03 2013, 7:27 AM EDT Canada’s banking regulator has been gathering detailed mortgage information from financial institutions, in what could be a precursor to changes in the rules for home loans. Th ...
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Posted in Mortgages

CANADA'S CONDO MARKET

September 10th, 2013
Canada’s Condo Market A recent report from the Conference Board of Canada predicts that Canada’s condo sector will not collapse. This has been a topic of much speculation in major Canadian cities like Toronto, where condo development is booming. Some economists have warned that overproduction will affect real estate prices and could pose a risk for the economy.    However, the rep ...
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Posted in Real estate

REAL ESTATE AFFORDABILITY CLUES

September 7th, 2013
Real estate: Five signs    that you are in over   your head Andrew Allentuck | 13/08/16 | Last Updated: 13/08/16 2:32 PM ET Chloe Cushman/National Post ·           ·   The question you must ask yourself, says Toronto psychotherapist Allen Fraser, is “should I admit that it is not going to work?” Here are five clues that you have more house than you can affo ...
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Posted in General

OPEN HOUSE IN AUBURN BAY

September 6th, 2013
Open house Saturday September 07 from 4PM-6PM at 18 AUBURN GLEN DR SE, CALGARY, AB , T3M 0R4. Come see this gorgeous home! As you enter this bright Cardel home, you will find a large flex room that takes you to a dream kitchen, w/oversize granite island, stainless steel appliances, dark cabinets and a walk-in pantry. Enjoy your morning coffee in your extra large nook facing the ...
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Posted in Real estate

Why are mortgage rates rising?

August 29th, 2013
Why are Canadian mortgages rising? And how far could they go?   One after the other, Canada’s big banks have all hiked-up mortgage rates this week. Why? In large part, it has to do with the U.S. recovery.   There are two major channels in which a healthier and faster-growing economy down south is driving up the cost of borrowing for Canadian homeowners. The first one: Foreign capita ...
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Posted in Mortgages

Home prices in Canada

August 28th, 2013
Canadians’ homes are getting less affordable, but we still keep buying   Julian Beltrame, Canadian Press | 13/08/27 | Last Updated: 13/08/27 7:36 AM ET   OTTAWA — Home ownership has become less affordable for the average Canadian, but that hasn’t stopped many from jumping into what may already be an overpriced market, suggests a new report from the Royal Bank.   Why there's no r ...
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Posted in General

Highest home prices in Canada

August 20th, 2013
Canadian home prices hit all-time high in July Andrea Hopkins, Reuters | 13/08/14 | Last Updated: 13/08/14 11:47 AM ET More from Reuters Tyler Anderson/National Post filesBut the annual price gain in repeat sales of single-family homes remained subdued, data showed Wednesday, up just 1.9% from a year earlier. ·         Canadian home prices rose in July from June to an ...
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Posted in Real estate

CANADIAN HOUSING STARTS TO BE LOWER

August 19th, 2013
  Canadian housing starts to be lower OTTAWA Total Canadian housing starts are expected to be lower in 2013 compared to 2012, mostly due to moderation observed in the first half of 2013, reports theCanada Mortgage and Housing Corporation (CMHC). Housing starts are expected to stabilize in the second half of 2013 before increasing modestly in 2014 as employment, economic growth and ...
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Posted in Real estate

18 Auburn Glen Drive SE, Calgary, Alberta

August 17th, 2013
I just finished uploading this House for sale, 18 Auburn Glen Drive SE, Calgary, Alberta Enjoy this sought after 4 season lake community! As you enter this bright Cardel home, you will find a large flex room that takes you to a dream kitchen, w/oversize granite countertop, stainless steel appliances, dark cabinets and a walk-in pantry. Enjoy your morning coffee in your extra large nook facin ...
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Posted in Listings

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