Latest News

Cheapest day of the year to buy a house

posted by The Mortgage Associates    |   January 14, 2015 10:28

Here's the cheapest day of the year to buy a house, according to one realtor

Article by Garry Marr, January 12, 2015

"Thinking about buying a house? Is there a perfect day to pull the trigger? How about next Tuesday?

A Toronto real estate company says its analysis of five years of data from the region says the best day to buy a home is Jan. 20.

“The savings amounts to a lot for the buyer,” said Rokham Fard, chief marketing officer of TheRedPin.com, adding he calculates the discount at about $20,000 on a Toronto home compared to the second cheapest month, July.

Of course, it also happens to be the worst point of the year to sell a home but as Mr. Fard says, “if you have to sell, you have to sell.”

To read the full article, please click here.

Thank you to Shawna MacDonald for her wonderful customer service!

posted by The Mortgage Associates    |   January 14, 2015 09:44

Shawna MacDonald"Thank you for your wonderful customer service!  Once again you have been an absolute pleasure to work with."

Breanne Lishchynsky, January 2015







Barbara Yaffe: High consumer debt becoming a way of life

posted by The Mortgage Associates    |   January 13, 2015 08:54

Barbara Yaffe:  High consumer debt becoming a way of life

Article by Barbara Yaffe, Vancouver Sun, January 7, 2015

VANCOUVER — Few things annoy me more than that advertising tagline deployed by Scotiabank: “You’re richer than you think.” Because, speaking personally, I am not.

And in this post-holiday season, many others surely feel as I do. Yet, an overwhelming majority of Vancouverites — among the most indebted Canadians due to high housing costs — are staying on top of their bills.

This finding, from the consumer analytics firm Equifax Canada, is reassuring at this time of year as credit card bills from the Christmas season begin arriving and the initial instalment for 2015 property tax comes due.

According to Regina Malina, senior director of the Toronto-based Equifax, “It’s a positive story: The average debt balance (last autumn) from the previous quarter is higher, but not as high as in other cities. And Vancouver’s delinquency rate is down.”

To read the full article, please click here.

Saskatoon housing starts up in 2014

posted by The Mortgage Associates    |   January 12, 2015 08:48

Saskatoon housing starts up in 2014

Article by Thomas Piller, Global News, January 12, 2015

"SASKATOON – There was an increase in new housing starts in Saskatoon and area during 2014. According to preliminary numbers released by Canada Mortgage and Housing Corporation (CMHC), 3,531 were units started last year compared to 2,980 units in 2013.

The increase was led by multi-family construction, with 1,954 starts reported in 2014 for the Saskatoon census metropolitan area (CMA) compared to 1,322 the previous year. Single-detached starts were down slightly year-over-year at 1,577 compared to 1,658 in 2013."

To read the full article, please click here.

Top 5 return-on-investment home renovations

posted by The Mortgage Associates    |   January 8, 2015 09:00

Top 5 return-on-investment home renovations

Article by Ryan Dosan, Daily Local News, January 31, 2014

"Today’s low-but-slowly-climbing interest rates and relatively low home prices will be enough to encourage many potential buyers to hop off the fence and buy a new home. Others will look to improve their current home instead of purchasing a new home.

Before you decide on a home improvement project, remember that in terms of return on investment, not all home improvements are created equally.

The National Association of Realtors and Remodeling Magazine release a yearly cost-vs.-value report that polls more than 200,000 real estate appraisers, sales agents and brokers to determine the percentage return homeowners are receiving on their home renovation projects. More than 4,500 association members participated in this year’s survey. The survey provides national, regional and municipal data. For our purposes, West Chester and much of Chester County is covered by the Philadelphia area."

To read the full article, please click here.

Shawna explained everything fully so we understood

posted by The Mortgage Associates    |   January 7, 2015 15:22

Shawna MacDonald"Shawna was awesome to deal with.  She was available to chat when we needed her and explained everything to us so we fully understood.  Will definitely deal with her again and refer her on to anyone who needs her services.  Thanks for everything"

Chad & Jenn Cowles, January 2015







I gave Shawna an almost impossible task and she conquered it

posted by The Mortgage Associates    |   January 6, 2015 16:24

Shawna MacDonald"I have never been more impressed in my life.  I gave Shawna an almost impossible task and not only did she make it possible she conquered it in the condensed time.  Thanks to her and her assistants!"

Myra Schedlosky, January 2015







Saskatoon property owners receive tax assessments

posted by The Mortgage Associates    |   January 6, 2015 09:06

Saskatoon property owners receive tax assessments

Article by Thomas Piller, Global News, January 5, 2015

"SASKATOON – Property assessment notices are being mailed out by the City of Saskatoon. How much property and business owners pay in property taxes this year depends on the assessed value of their premise.

Saskatoon uses a valuation approach to assess properties based on such factors as location, traffic patterns and views to determine values.
Related

Expect to pay more for Saskatoon civic services in 2015    Expect to pay more for Saskatoon civic services in 2015

The average single residential home in Saskatoon now has an assessment value of $325,000. Property taxes went up 5.34 per cent in 2015 with the new city budget, meaning those owners will pay an extra $83.31 this year."

To read the full article, please click here.

Fewer Canadaians feeling confident about their personal finances: poll

posted by The Mortgage Associates    |   January 5, 2015 08:46

Fewer Canadaians feeling confident about their personal finances: poll

Article by Bertrand Marotte, The Globe and Mail, January 5, 2014

"Canadians’ confidence in being able to meet current financial goals is slipping, says a new poll.

Two-thirds of Canadians – 65 per cent – said they are entering the new year feeling positive about being able to reach their financial goals, according to an annual poll conducted for CIBC.

That’s down from 76 per cent who said the same thing last year, the lowest percentage in 5 years."

To read the full article, please click here.

Top 10 Home Improvements in Canada for 2014 - Province by Province

posted by The Mortgage Associates    |   January 2, 2015 08:27

Top 10 Home Improvements in Canada for 2014 - Province by Province

Article by TrustedPros.com

"The end of a year is always a time for reflection. We thought therefore, that now is as good a time as any to explore what Canadian homeowners have been doing with their home improvement budgets during 2014. The results of our study were pretty revealing actually, although it's transparent that windows weren't a big thing.

Bathrooms, on the other hand, are another matter entirely. It seems that homeowners in every province rate bathroom renovations as important. Perhaps Canadians like to bathe in style — or maybe the reason is based more on financial return than the desire to soak in a sumptuous tub. What makes basement renovations such a big deal though?"

To read the full article, please click here.