Monthly Archives: August 2014

Bank of Canada Warns Housing Prices Rising Faster than Disposable Incomes

The Bank of Canada has issued a warning to consumers about the country’s housing market. In its semi-annual review of the financial system admits that the likelihood of a sharp correction in housing prices, is small. In the unlikely event that one occurred, the consequences would be significant. According to the report, Toronto, Hamilton, Winnipeg, … Read More

How to Qualify for a New Construction Loan

It is more difficult to qualify for a new construction loan than a conventional mortgage or a refinance on an existing home, since the lender is taking on a higher level of risk during the construction phase. A lender will be looking for a higher down payment than the standard 20 percent down; at each … Read More

Kelowna Real Estate Market Operating on All Cylinders

The Kelowna real estate market is doing very well and is not expected to slow down during the summer. The Central Okananagan region is a popular one for home buyers in 2014 as more people are making the choice to take the plunge, stop paying rent and put their money into equity into their own … Read More