Buying a home is one of the biggest emotional and financial decisions you’ll ever make, so prepare yourself to make a knowledgeable decision.
Tagged: Mortgage Payments
The whole process, from searching for the perfect home in the right neighbourhood, to finally moving and settling in, is one that requires many decisions along the way.
The Canadian residential mortgage market crossed the $1-trillion threshold for the first time this year as higher prices forced many to borrow heavily to finance their new homes and low interest rates encouraged many more to refinance.
Two housing market shifts encourage potential homebuyers to call real estate agents: drops in housing prices and low interest rates. But deciding which factor is more important than the other can make a difference in monthly payments, the ability to move if your home value drops and HOA fees.
The realty firm Re/Max is looking to British Columbia’s high-end home sales as one bellwether for its prediction that provincial real estate markets are settling into a period of stability, according to a forecast released Tuesday.