These statistics are surprising. The first time home buyer is not any more the one who hardly can scrape 5% down. The average first-time home buyer in Canada is 29 years old and expects to be able to pay a…
Tag Archive for statistics
Up or Down?
by Vasko DeLev • • 0 Comments
Recently a friend of my was laid off from her management position in the retail sector. Two weeks later her husband lost his government job. Wow! Both, however, sound upbeat saying “No problem… we will relax for a few weeks…
Who said real estate in BC is too expensive?
by Vasko DeLev • • 0 Comments
Everybody says so! Of course, Vancouver is pricey. But still there are homes in BC for sale even under $100K. Vancouver Sun did a simple search on Realtor.ca for cheap homes and came out with 14 homes. The Canadian Real…
Condo: Is it your cup of tea?
by Vasko DeLev • • 0 Comments
Twenty years ago condos did not have the same appeal as they have now. Modern design and sleek marketing campaigns are pushing condos these days as the ultimate choice for young professionals and retired couples. After all, there is certain…
Is Do-It-Yourself Home Remodeling Dying?
by Dan Fritschen • • 0 Comments
The RemodelOrMove.com Spring 2013 US Remodeling Sentiment Report documents strong growth in higher-end home remodeling projects where a homeowner will hire a general contractor and do little or none of the work themselves. So is Do-It-Yourself (DIY) home remodeling on…
Own or rent?
by Vasko DeLev • • 0 Comments
If you ask Statistics Canada you are more likely to own your house. But again it depends… According to the latest study home ownership in Canada has gone up over the last 25 years. By how much? By 7% –…
The mortgage landscape in Canada
by Vasko DeLev • • 0 Comments
CAAMP (The Canadian Association of Accredited Mortgage Professionals) released their annual survey of the mortgage industry in Canada. Authored by Will Dunning, the CAAMP’s chief economist, the report paints a detailed picture of the our mortgage industry. Pouring through the…
Sell gold and pay debt
by Vasko DeLev • • 0 Comments
Not you. Even though you may have quite a bit of debt, selling the family jewellery will not solve the problem and is not recommended. How about those who have lots of gold? The other day I read this article…
The housing market pulse
by Vasko DeLev • • 0 Comments
The Canadian Real Estate Association released the latest numbers tracking housing sales and prices nationwide. In September realtors sold fewer homes, but at a higher price compare to a year ago. Tougher qualifying rules for mortgages are blamed for the 15%…
Total disconnect with the reality
by Vasko DeLev • • 1 Comment
Fun with numbers … 34% of Canadians now believe that savings of between $500,000 and $1 million will be sufficient to support a comfortable retirement, while 38% believe a nest egg of between $1 and $3 million will be required.…