For your information - May 2009
CMHC Housing Stats Release - Second Quarter 2009
CMHC's 2nd quarter Housing Now report for Ontario offers an clear prospective on the housing market throughout the province. Particularly they note the recent improvement in the resale market:
Ontario existing home sales moved significantly lower in the final quarter of 2008 as the onset of the global financial crisis took a toll on consumer spending. While Ontario existing home sales slowed during the first quarter of this year, sales moved higher and closer to trend in February and March. Improved affordability encouraged higher resale market traffic during the final months of the first quarter of 2009 To review the full report, click here.
Take advantage of today's great rates and the Home Renovation Tax Credit
Canadians are a nation of renovators, turning the houses they have into the homes they want. And why not? There's never been a better time. With historically low interest rates and the new Home Renovation Tax Credit, you have the tools available to make your renovation dreams come true. To learn more about the Home Renovation Tax Credit, click here.
Building wealth using a re-advanceable mortgage
Re-advanceable mortgages with home equity lines of credit continue to gain in popularity. What makes this mortgage such a great fit for many Canadians is that those of us in our homebuying years are always juggling to find a balance between paying off our homes and investing for the future. Using a re-advanceable mortgage that includes a line of credit (LOC), we can actually do both. Click here to read more.
