Future Outlook | Hearth & Home Realty Inc. Brokerage

Your financial health. Is it all it can be?

Posted by: Tamer Fahmi in Homeowners Tips, Future Outlook, Economy, Announcement on Nov 01, 2011

With record high debt levels, Canadians are dedicating a greater percentage of their incomes to servicing mortgages, car loans, and credit card debt despite generational low interest rates.

As the cost of carrying debt continues to rise, families are foregoing education and retirement

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CREA revises home sales forecast

Posted by: Tamer Fahmi in Future Outlook, Economy, CREA Canadian Real Estate Association, Burlington Real Estate on Aug 31, 2011

OTTAWA – The Canadian Real Estate Association (CREA) has revised its forecast for home sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate Boards and Associations for 2011 and 2012.

Overall, sales activity and prices remained stronger than expected in the second

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Realtors predict slowing growth of home sales under tighter mortgage rules

Posted by: Tamer Fahmi in Statistics, Sales, Ontario, Market Activity, Hearth Home, Hamilton Real Estate, Government, Future Outlook, Economy, CREA Canadian Real Estate Association, Burlington Real Estate on Mar 16, 2011

March 15, 2011 Toronto Star Mary Gazze

The national average price for homes rose 8.8 per cent year-over-year in February, but a group of Canada's realtors suggest they might not stay at those levels for much longer as stricter mortgage rules come into effect.

The Canadian Real Estate Association

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Finance Minister announces new mortgage rules.

Posted by: Tamer Fahmi in Ontario, Market Activity, Government, Future Outlook, Economy, CREA Canadian Real Estate Association, Burlington Real Estate, Announcement on Jan 18, 2011

Jim Flaherty, Minister of Finance, and Christian Paradis, Minister of Natural Resources, announced the following adjustments to the rules for government-backed insured mortgages to support the long-term stability of Canada's housing market.

Reduce the maximum amortization period to 30 years from

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Canadian real estate market stronger than expected

Posted by: Tamer Fahmi in Statistics, Sales, Ontario, Market Activity, Hamilton Real Estate, Future Outlook, Economy, CREA Canadian Real Estate Association, Burlington Real Estate on Jan 14, 2011

Low interest rates should continue to stabilize Canada's resale housing market but the average national price and sales volumes will likely decline from last year, the Canadian Real Estate Association said Friday.

"The hand off to 2011 for sales activity in the fourth quarter suggests that the

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Our housing market to side step U.S. style bubble.

Posted by: Tamer Fahmi in Ontario, Market Activity, Future Outlook, Economy on Dec 17, 2010

Toronto Star

By Mark Weisleder| Wed Dec 15 2010

As Bank of Canada Governor Mark Carney tries to talk Canadians out of piling up too much debt, the comments have led to a lot of speculation about whether Canada faces a U.S.- style housing meltdown.

Nothing could be further from the truth. The

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Most Ontarians confused about HST and resale homes

Posted by: Tamer Fahmi in Statistics, Sales, Ontario, Market Activity, Government, Future Outlook, Economy, Burlington Real Estate on Oct 27, 2010

56% mistakenly believe HST applies to purchase price

Toronto, Ontario, October 27, 2010 - An Ipsos Reid survey commissioned by the Ontario Real Estate Association (OREA) and released today reveals that fully 56 percent of Ontarians mistakenly believe that the new Harmonized Sales Tax (HST) applies

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Duelling reports on housing

Posted by: Tamer Fahmi in Ontario, Market Activity, Hearth Home, Government, Future Outlook, Economy, Burlington Real Estate on Sep 01, 2010

A U.S.-style housing crash is unlikely in Canada, says a study by the C.D. Howe Institute.

A decline in underwriting standards played an essential role in the American housing boom and subsequent bust. That has not been the case in Canada, says the study released Tuesday.

It comes on the heels of

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How to find the perfect home

Posted by: Tamer Fahmi in Sales, Hearth Home, Hamilton Real Estate, Future Outlook, Economy, burlington real estate in 2009, Burlington Real Estate on Aug 17, 2010

To help you find your perfect home, one of the questions to ask yourself is what kind of neighbourhood you want to live in.

Looking for a home can be an exciting and exhilarating experience. But before you start your search, you first need to figure out where you want to live and what your housing

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Demand and supply coming into balance in resale market

Posted by: Tamer Fahmi in Sales, Ontario, Market Activity, Future Outlook, Economy, CREA Canadian Real Estate Association, Burlington Real Estate on Mar 26, 2010

OTTAWA - March 15th, 2010 - With rising activity in Toronto offset by lower activity in Vancouver, the number of homes sold through the Multiple Listing Service® (MLS®) Systems of Canadian real estate Boards edged lower in February. In recent months, national sales activity has slowed while new

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