Two Real Estate Stories in the News for Friday, March 23rd, 2018
Reverse Mortgage Debt On Canadian Real Estate Jumps Over 44%
Canadian real estate owners have received a windfall lately, but unfortunately it’s all trapped in their home. Office of the Superintendent of Financial Institutions (OSFI) numbers show that an increasing number of homeowners are “releasing equity” through a reverse mortgage. The relatively new form of debt is rapidly growing, at almost 8 times the pace of regular mortgage debt.
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Here are the best and worst places in Canada to buy a home on one income
Greater Vancouver is the least affordable place in Canada to buy property on a single income, according to a new study conducted by Toronto-based real estate brokerage Zoocasa. The most affordable? Saint John or Greater Moncton in New Brunswick, or Trois Rivieres in Quebec.
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Picture: Vishwesh Jirgale
Davisville Village Home Sales Statistics for February 2018
Leaside & Bennington Heights Home Sales Statistics for February 2018
Moore Park Home Sales Statistics for February 2018
Chaplin Estates Home Sales Statistics for February 2018
Rosedale Home Sales Statistics for February 2018
Lawrence Park Home Sales Statistics for February 2018