By Sammy Hudes The report from Rentals.ca and Urbanation reveals that average asking rents across Canada stood at $2,152 in October, down 1.2% from the same month in 2023 – the first national decline since July 2021 . The decline is primarily concentrated in Canada’s large urban centers, with cities like Toronto, Vancouver, Calgary and … Read more
The cost of private mortgage insurance varies depending on the down payment and mortgage loan, but is generally about half a percent of the total loan amount. So how exactly is it calculated? Let’s say you bought a house for $100,000 and put $10,000 down. Your lender will multiply the remaining 90 percent by 0.005 … Read more
The Montreal census metropolitan area (CMA) recorded growth in all property types: sales of condominiums increased by 47%, single-family homes increased by 44% and plexes increased by 34%, bringing the transaction levels at pre-pandemic peaks. Lower interest rates have sparked renewed buyer interest, allowing more buyers to qualify for a mortgage and boosting demand, according … Read more
Real estate investing can be a lucrative business if done right. As 2024 approaches, it’s important to explore the best states for investing in real estate. In this article, we will look at the top states that offer promising opportunities for real estate investors. From Georgia to Colorado, we will analyze key factors such as … Read more
The news set off a wave of market reactions, triggering a surge in stock markets, cryptocurrency markets and bond yields, which determine the prices of fixed mortgage rates in Canada. For Canadian mortgage holders and home buyers, the ripple effects have been immediate, with some lenders already raising rates. But what does Trump’s victory really … Read more
By choosing the right financing options and focusing on trends in Florida’s markets, real estate investors can maximize their returns while benefiting from the state’s robust growth and tax advantages. Miami: Known for its strong job market, cultural appeal and growing technology industry, Miami remains one of Florida’s premier real estate markets. Its sought-after neighborhoods … Read more
By Nojoud Al Mallées Carolyn Rogers gave a speech Wednesday on the mortgage market to the Economic Club of Canada in Toronto. “We must resist the temptation to try to solve the housing affordability problem by tinkering too much with the mortgage market,” Rogers said in his prepared speech. The central bank official says improving … Read more
Types of Home Loans that are Beneficial for Tennessee Real Estate Investors DSCR (Debt Service Coverage Ratio) Loans: DSCR loans, which qualify investors based on property cash flow rather than personal income, are ideal for Tennessee investors managing multiple properties or heavily rental portfolios. Hard Money Loans: Hard money loans are useful for repair and … Read more
The six-member Council based the decision on clear signs that inflation had stabilized near target levels and emerging concerns about weak economic growth and slowing employment. According to the summary of the Governing Council’s deliberations at the October 23 rate meeting, “as members considered the benefits of reducing the policy rate by 25 basis points, … Read more
Georgia has become one of the hottest real estate markets in the Southeast, driven by population growth, an affordable cost of living and a diversified economy. Known for its southern charm, bustling cities and picturesque landscapes, Georgia attracts investors from across the country. Whether your focus is rental properties, vacation homes, or commercial space, Georgia … Read more