Real Estate News

In the News – Week of May 23

News articles from the media, which we deem worthy of reading

Ontario’s housing affordability steady, despite rise in home prices: RBC Economics
Canadian Business – May 20, 2011

According to the latest Housing Trends and Affordability Report issued by RBC Economics Housing, affordability in Ontario is expected to remain sustainable through 2011 with home prices and resale activity increasing at a steady rate.

In the News - top five news stories

Five reasons to save for a big mortgage down payment
The Globe and Mail – May 20, 2011

The more money you can put towards your home purchase, the smaller the size of the mortgage you’ll require. You may have to wait longer to make the purchase, but there are benefits to saving for a substantial down payment.

Oshawa Real Estate Prices on the Rise
The Oshawa Express – May 25

With a low number of listings and a slight increase in prices, living in Oshawa has become a little more profitable for homeowners.

Mortgage changes keep new buyers on sidelines in April, but not much longer
Online News from the Canadian Press – May 25, 2011

New mortgage rules took effect in March and may have sidelined some first-time homebuyers, but improving economic conditions and low interest rates should encourage first-timers to consider making this major purchase sooner rather than later.

Five tips for first-time homebuyers
Propertysold.ca – May 25

If you are thinking of buying your first home, here are five important tips to help prevent you from making a mistake.


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