The 2024 Scotiabank Housing Survey indicates that the number of Canadians aged 18 to 34 who own a home has decreased to 26% today, compared to 47% in 2021. Around 29% of people in this age group now live with their parents or family, compared to around a fifth of those surveyed three years ago. … Read more
Non-Qualified Mortgage (QM) loans have become an essential financing option for many people in Maryland who do not meet traditional mortgage standards. These loans are especially valuable to the self-employed, real estate investors, and anyone with a non-traditional financial situation. Here are five important factors to keep in mind if you’re considering a no-QM loan … Read more
By Keith Doucette An NDP government would ban fixed-term leases, establish rent controls and immediately cut the province’s temporary rent cap in half to 2.5 per cent, said Leader Claudia Chender on the fifth day of the provincial election campaign. “For too many people, the cost of rent pushes them out of the communities they … Read more
By Craig Wong That’s why a growing number of parents are looking to help by making a cash donation. Natalie Gill, senior financial planner at Royal Bank, says she’s always seen parents and grandparents help in different ways. “But it’s just that I feel like now people want to help more and they’re more aware … Read more
By Allison Jones Premier Doug Ford has pledged to build 1.5 million homes over 10 years by 2031, but Ontario has yet to meet any of its annual targets to reach that goal, even though it is came close last year after it began counting long-term care beds. This year’s annual target is 125,000 homes, … Read more
The survey, conducted every few years, shows that homeowner families whose main income earner was aged 55 to 64 and who received an employer pension had a median net worth of 1.4 million dollars in 2023. Renters without a retirement plan at that age group had a median net worth of $11,900. Homeownership was the … Read more
Earlier this month, the federal government unveiled the Secondary Dwelling Refinancing Program, scheduled to launch on January 15, 2025, which will allow homeowners to refinance up to 90% of the value of their property (capped at $2 million) to add up to four rental units. such as basement apartments, in-law suites or laneway homes. Short-term … Read more
Non-Qualified Mortgage (QM) loans offer Texas borrowers an alternative financing route, particularly attractive to individuals who do not meet the strict requirements of traditional loans. These loans are aimed at a wide range of borrowers, from self-employed professionals to investors and people with unique income situations. Here is a list of the top five factors … Read more
By Nojoud Al Mallées He argued for the reduction in a six-minute video posted online, saying governments are partly to blame for high property prices because they charge too much sales tax. “The number one cost of a house is government: government bureaucrats, government taxes, government gatekeepers,” Poilievre said at a news conference in an … Read more
Asset-Based Loans (ABLs) are a valuable financing option for Texas real estate investors, providing fast, flexible financing without traditional banking hurdles. CambridgeHomeLoan offers specialized asset-based loans tailored to Texas investors, which is especially beneficial in trending cities like Austin, Dallas, Houston, San Antonio, and Fort Worth. Here’s how CambridgeHomeLoan asset-based loans can empower Texas investors: … Read more