Monthly Archives: December 2015

Canadian Federal Govt To Boost Minimum Down Payment For Higher Priced Homes

canadian fed govt to increase min downpayment -

In a move sure to strengthen the relationship between lender and prospective buyers, recent federal government initiative to boost the minimum down payment for higher-priced homes in Canada will become effective in the new year. Currently, prospective buyers are required to put down a minimum of five per cent of the cost of the house … Read More

Average Cost Of Canadian Homes To Increase In 2016

average price of canadian homes to increase in 2016 -

Although the Canadian Real Estate Association (CREA) is predicting that 2016 will see a drop in the average house price in three provinces because of a downturn in the oil industry, Canada’s national average house is expected to edge higher by 1.4 per cent in the year ahead, with Ontario leading the other regions with … Read More