Toronto Real Estate and Canada Mortgage Blog

The Bank of Canada kept its overnight rate target at 0.25% and repeated its conditional commitment to keep it there until the end of the second quarter of 2010. "Global economic and financial developments have been somewhat more favourable than expected at the time of the July Monetary Policy Rep...

Buying or selling real estate can be a tricky process. There are hundreds of commonly used terms that could make up a language of their own. Here are some home buying terms that you will most likely encounter when you purchase your home. AmenitiesFeatures that enhance and add to the value or desi...

      Is now a good time to buy? On the one hand you have very low mortgage rates as the Bank of Canada (Canada Realty News reports) had cut the interest rate several times in the last few months to try and get the banks lending again. Property prices have dropped in the last year and there are m...

In the summer months, municipal water use doubles. This is the season when Canadians are outdoors watering lawns and gardens, filling swimming pools and washing cars. Summer peak demand places stress on municipal water systems and increases costs for tax payers and water users. As water supplies ...

A new report on the Toronto real estate market suggests it is once again moving at full steam, with high-end homes selling at record rates. May was the strongest month ever for sales of luxury homes in the Greater Toronto Area, according to RE/MAX Ontario-Atlantic Canada. In that month, 273 homes...

According to FICO, 60% of all people have a credit score less than 750. This means there is plenty of room for improvement for many people. Here are some tips you can use for keeping your credit report tuned up and your credit score in good shape: Pay your bills on time. Maintain consistency in i...

35%            Your Payment History                                    Pay your bills on time.  Automating payments on-line can help 30%            How Much You Owe                                                 Keep credit card and line of credit balances below 50% of the credit limit 15%      ...

Toronto city committee wants to make green roofs mandatory on most new buildings. Roofs on new buildings with an area of 5,000 square metres or greater to be 30% to 60% covered by vegetation. The bigger the building, the more planted space it would have to have - otherwise fines of up to $100,000...

When the Toronto and GTA housing market was hot, bidding wars forced many buyers to put in offers without conditions to increase their chances of being accepted. This, combined with unprecedented increases in home prices, scared many first-time buyers out of the market. But the economic downturn ...

The key to a successful mortgage experience is carefully considering all your options and buying within your means so that you can sustain your payments. Borrowers unsure of which approach is best can fall back on certain time-tested strategies for ensuring they don't overextend.  Here are a few ...