30 Oct

La SCHL prévoit un ralentissement du marché de l’habitation

General

Posted by: Drummond Team

Le marché de l'habitation au Canada a été... (PHOTO ARCHIVES LA PRESSE CANADIENNE)

Le marché de l’habitation au Canada a été soutenu ces dernières années par de faibles taux d’intérêt.

PHOTO ARCHIVES LA PRESSE CANADIENNE


L’activité sur le marché de l’habitation devrait modérer au cours des deux prochaines années, a estimé lundi la Société canadienne d’hypothèque et de logement (SCHL) dans ses nouvelles perspectives trimestrielles.


Cliquez ici pour l’article de la Presse.

 

30 Oct

Canada’s real estate boom will come to an end in 2016, CMHC says

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Posted by: Drummond Team

It's time for many Canadians to abandon the 20% down-payment rule

Will Canada’s real estate boom come to an end in 2016?

According to CMHC – YES!

CMHC expects existing home sales to decline by three per cent in 2016 but by less than one per cent in 2017. New home construction will drop by 4.7 per cent in 2016 and another 2.5 per cent in 2017 as builders try to sell off their excess inventory.

What do you think?

Read the complete Financial Post article here.

1 Oct

CMHC new rules to make it easier for homeowners to rent out property has taken effect

General

Posted by: Drummond Team

CMHC announces new rules to make it easier for homeowners to rent out propertyDid you know that earlier this week, on September 28th, the Canada Mortgage and Housing Corp (CMHC) changed the rules surrounding income suites…for the better?!

Effective Sept. 28, CMHC will consider up to 100%, up from 50%, of gross rental income from two-unit, owner-occupied properties on loan applications submitted for insurance.

“Secondary rental suites are recognized as a source of affordable housing offered at a cost that is often lower than those for apartments in purpose-built rental buildings,” said CMHC in a statement.

Read more about this in the Calgary Sun or Financial Post.

1 Oct

When the only ring is on your keys: What common-law couples should know before buying a house together

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Posted by: Drummond Team

When the only ring is on your keys: What common-law couples should know before buying a house togetherShould you buy a house with your better half BEFORE you are married?

If you answered NO, make sure you do not say that too loudly around your better half, but if you answered YES, there are a few things common-law couples should know before buying a house together.

Here’s a great article and video from the Financial Post to help you make an informed choice!