High New-Build Vacancy Rate for Condos in Calgary



Recent figures from the Canada Mortgage and Housing Corporation show there are hundreds of new condos in Calgary that are lying empty, according to an article in CBC.ca.

Real Estate Prices Slow Down in Canada



Last year, real estate prices in Canada reached an all-time high, but an article in the Huffington Post Canada points out that this year could be a very different story. This is at least in part due to new mortgage rules combined with higher mortgage rates.

Delaying homeownership puts millennials’ finances in jeopardy, experts warn



Many millennials are said to be delaying their entrance into the housing market, and that decision could impact their finances for years to come, real estate experts warn.

Down payments are major concern for homebuyers, Zillow study finds



It costs more than two thirds of the average annual income to cobble together a 20 percent down payment on a home, which is why many potential homebuyers say saving for a down payment is one of their top concerns.

Is a 21-day closing period possible?



Lenders are aiming to reduce the bloated time frame it takes from agreeing to buy a home to actually closing on the deal.

Home buyer sentiment falls in face of mortgage rate rises



Mortgage rate increases are chipping away at home buyer sentiment, according to the latest reading from Fannie Mae’s Home Purchase Sentiment Index.

Are Closing Cost Too High for Mortgage Hunters?



Significant variation in closing costs is a major part of the process when considering which lender a homebuyer should go with. Often, mortgage buyers only consider which company will prequalify

Federal Housing Administration mortgages are about to get cheaper



Homebuyers seeking Federal Housing Administration insured mortgages will soon be able to take advantage of reduced costs.

Experts say more condos needed to boost apartment sector



Demand for rentals in the apartment sector is still high because few condo renters are keen on buying, according to industry experts.

What to Know Before Getting Your First Mortgage



You have saved up enough money for a down payment, and now you’re ready to get your first mortgage. However, there are a few things you should know before you fill out your first application at the bank.