Tony’s Latest Updates – June 26,2015

June 25, 2015 under Tony's Latest Updates
From a recent survey from Manulife Bank of Canada it was determined that: 40% of homeowners with a mortgage made an extra payment in the past year. Canadian homeowners with a mortgage carry an average of $190,000 in mortgage debt. 40% of mortgagors would struggle to make their payment within 3 months of a job loss. 80% of mortgagors are willing to cut back on discretionary spending to reduce debt but would not cut
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Slowdown in home price growth continues in Calgary

June 17, 2015 under Useful Articles
MARIO TONEGUZZI, CALGARY HERALD Published on: June 15, 2015 Last Updated: June 16, 2015 8:58 AM MDT   Price gains in Calgary’s housing market continued to slow in May, according the Canadian Real Estate Association’s monthly MLS report. Its home price index, which tracks the sale of typical properties in a market, rose 1.2 per cent for the month in Calgary, the smallest gain in more than three years and th
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Tony’s Latest Updates – June 12,2015

June 11, 2015 under Tony's Latest Updates
Metro Vancouver home sales surpass 4,000 for third consecutive month. Property sales in May increased 23% compared to the same time last year. It continues to be a very competitive spring market for home buyers. New listings for all types of properties have decreased compared to last year which continues to put upward pressure on prices. The MLS® Home Price Index composite benchmark price for all residential prope
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Barbara Yaffe: ‘Gobsmacked’ buyers unlikely to believe experts on real estate realities

June 11, 2015 under Useful Articles
BY BARBARA YAFFE, VANCOUVER SUN COLUMNIST JUNE 9, 2015 Premier Christy Clark recently poured cold water on Vancouver Mayor Gregor Robertson’s plea that the province impose a luxury tax on high-end homes and on property speculators. Photograph by: Sean Kilpatrick , THE CANADIAN PRESS Metro Vancouverites, dismayed by the region’s runaway house prices, need to stop searching for scapegoats. Foreign buyers are
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