Tag Archives: Financing cost

Home prices could soon be “topping out”!

National home prices continued to rise in February, but the Canadian Real Estate Association (CREA) said Friday that evidence pointed to a market that was “topping out.” That wording differs from a Re/Max report also this week that predicted a “heated” spring market nationally, with demand continuing to push sales and prices upwards, as bidding […]

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Borrowers falling deeper in debt

Those Canadians who have borrowed the most are falling deeper into the hole, according to new research out this week by CIBC World Markets Inc. The report noted that those with a greater than 1.6 debt-to-gross income ratio represented 73% of all household debt in Canada. That debt comes from 34% of all Canadian households, […]

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Condo resale prices in Ottawa

The average resale condominium apartment price in Ottawa is currently hovering around the $290,000 mark and commanding a monthly mortgage carrying cost, not including condo fees, upward of $1,450. Since the average two bedroom rent for privately initiated apartment units remained 25 per cent more affordable, some young households are remaining in rental accommodation longer. […]

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How do you make money?

The investor makes a little to no money on the monthly rent, but what they make their money on is when the tenant exercises the option to purchase the home.

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