Canadian purchasing power hits a speed bump

Latest News & Economy DAZADA DIAMOND 29 Nov

Canadian purchasing power hits a speed bump The nation’s purchasing power has been flagging, best illustrated by the results of a recent survey that found 55% of Canadians vowing to spend less this Christmas season. According to a new report by Equifax Canada, around 46% of respondents expressed significant worries about their personal debt levels, […]

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Agencies want to improve home financing for First Nations

Latest News & Economy DAZADA DIAMOND 28 Nov

Agencies want to improve home financing for First Nations First Nation families are expected to benefit from two policy changes announced by CMHC and the Lands Advisory Board (LAB) this week. The enhancements are aimed at making it easier to access home financing for First Nation or Indigenous Settled land. They include CMHC mortgage loan […]

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Investors flock to purpose-built rental properties

Latest News & Economy DAZADA DIAMOND 27 Nov

Investors flock to purpose-built rental properties Decades of under-investment made dedicated rental buildings an afterthought for many, but the industry has been quietly gathering momentum and attracting deep-pocketed investors. Some 72,000 rental units were under construction across the country in the last quarter according to Canada Mortgage and Housing Corporation (CMHC). That’s up by more […]

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This is the most important amenity for vacation home buyers

Latest News & Economy DAZADA DIAMOND 26 Nov

This is the most important amenity for vacation home buyers Canadians considering buying a vacation home rank one thing as the most important amenity. And according to a new analysis from global real estate firm Savills and vacation home booking service Vrbo®, this amenity is also the most important for travellers when renting a vacation […]

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Most Canadians are eager to buy homes – poll

Real Estate DAZADA DIAMOND 25 Nov

Most Canadians are eager to buy homes – poll While the Canadian housing market has been characterized by consistent price growth over the past few years, a vast majority of home buyers in 2019 held positive viewpoints toward the idea of purchasing a residential property, according to a new nationwide analysis by Canada Mortgage and […]

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These Homeowners Need a Private Mortgage

Down Payment & Buying DAZADA DIAMOND 22 Nov

  These Homeowners Need a Private Mortgage These Homeowners Need a Private Mortgage Most of us don’t give much thought to private mortgages. We are vaguely aware they exist, but perhaps have the impression they are mortgage solutions for financial derelicts. But that is totally not true. More often than not, they are needed when […]

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Payment Frequency

Down Payment & Buying DAZADA DIAMOND 21 Nov

Payment Frequency One of the decisions you will need to make before your new mortgage is set up, is what kind of payment frequency you would like to have. For many, sticking to a monthly payment is the default, however, different frequencies may end up saving you less interest over time. Monthly Payments Monthly payments […]

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Principal & Interest

Credit & Debt DAZADA DIAMOND 20 Nov

Principal & Interest Principal and interest are the two components that make up a mortgage payment. Principal is the portion of your payment that goes towards paying down the outstanding balance of your mortgage. Interest is the other portion of your payment which goes directly into the pockets of your lender and does not contribute […]

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Three Canadian cities among NA’s 10 most expensive retail streets

Real Estate DAZADA DIAMOND 19 Nov

Three Canadian cities among NA’s 10 most expensive retail streets With retailers under increasing pressure from online competitors, crippling rents are frequently a major cause of financial issues. For retailers in Canada, operating from stores on the top shopping streets looks relatively affordable compared to some global peers; although three Canadian cities rank among North […]

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