Financing

Should You Stop Renting And Start Owning In Edmonton?

Should You Stop Renting And Start Owning In Edmonton?

Edmonton is one of the rare Canadian cities boasting a stable and affordable real estate market. While first-time Vancouver and Toronto buyers are being priced out of the city, the median price for a single-family home in Edmonton is an affordable $388,000. In contrast, Calgary’s home prices are expected to increase by 2.3 per cent.

10 Tips Every New Home Buyer Should Know

10 Tips Every New Home Buyer Should Know

The biggest investment many of us will make is buying a house, and mistakes can be costly. To help weed through the home-buying jungle, we've gathered the knowledge and strategies every home buyer should know before beginning the hunt.

20% More Mortgages Are Being Denied By Big Banks, Sending Borrowers Down The Credit Ladder

20% More Mortgages Are Being Denied By Big Banks, Sending Borrowers Down The Credit Ladder

Clients who don’t meet the bar are turning to private lenders, mortgage investment corporations (MICs) and credit unions, which are provincially regulated and not required to implement the stress test, said Carmen Campagnaro, president of Pro Funds Mortgages in Burlington, Ont.

New mortgage rules 2018: A practical guide

New mortgage rules 2018: A practical guide

The rules might force Canadians to set their eyes on homes that are up to 20 per cent cheaper. But since few homebuyers are stretching their finances to the limit when applying for a mortgage, the average target price reduction will likely be smaller, $31,000, or 6.8 per cent, according to Will Dunning, chief economist at Mortgage Professionals Canada.