Loading...
Rajnish Pathak Real Estate

Mortgage delinquencies "worm has turned" warns Equifax

Friday Mar 8th, 2019

Share

Mortgage delinquencies "worm has turned" warns Equifax More Canadians are running into serious issues with their mortgage payments according to a new report. Consumer 90-day mortgage delinquencies rose 1.5% to 0.18% in the fourth quarter of 2018 compared to a year earlier while the comparable non-mortgage rate increased 0.4% to 1.07%. The figures from Equifax follow two significant quarterly increases in consumer bankruptcies. “As we expected, the worm is turning in... [read more]

Wedding or home? The decision facing many young Canadians

Friday Mar 8th, 2019

Share

Wedding or home? The decision facing many young Canadians Young Canadians are facing difficult financial decisions with the cost of living increasing and the cost of becoming a first-time homebuyers unaffordable for many. That means that the high cost of a wedding – average $46,000 – may be the difference between homeownership as singles or married life as renters. An analysis from RateSupermarket.ca found that an overwhelming 84% of respondents would rather spend their... [read more]

Modest price gains expected in real estate in 2019

Tuesday Jan 8th, 2019

Share

Canadian realtors are predicting modest gains in the Toronto area re-sale housing market in 2019 — a return to a pre-bubble balance that will see home prices climbing in the low single digits. Royal LePage is expecting a 1.3 per cent price gain to an average of $854,552 next year, including houses and condos, in the Toronto area. That’s a sliver above the company’s 1.2 per cent national forecast. Re/Max is slightly more optimistic, forecasting a 2 per cent price increase... [read more]

READ MORE

A Pleasant & Comfortable Real Estate Experience with a Realtor who care.