Gerry’s Blog
Debt helps determine the borrowers’ creditworthiness and commitment to their financial obligations. Understanding the different types of debt and how they affect mortgage approval helps potential homebuyers take the necessary steps to get higher chances of securing a mortgage. Moreover, recognizing the factors when evaluating a borrower’s debt-to-income ratio will help individuals meet the criteria…
The post 9 Ways to Save on Your Mortgage appeared first on RE/MAX Canada.
Securing a pre-approval mortgage is the golden ticket that provides insights into your borrowing capacity and sets the stage for your house-hunting adventure. But what if you aspire to reach for a more substantial pre-approval amount, one that can unlock the door to your dream home? Whether you’re a first-time buyer looking to maximize your…
Is the Fredericton real estate market on your list of desirable places to live in Canada? If not, it should be! Real estate in Fredericton is an inspiring endeavour because the city provides residents with an extraordinary mix of natural beauty, culture, and history. The New Brunswick capital maintains a quaint, colonial charm unrivalled anywhere…
For years, the Windsor real estate market had been sluggish amid anemic economic conditions. The state of the city’s housing sector dramatically changed during the coronavirus pandemic, with the municipality enjoying growth it had not witnessed in years. Because of its affordability, households relocated to Windsor and took advantage of the rock-bottom prices. By the…
. ARCHIVE Grand Bend Housing Market Outlook (2023) The post Grand Bend Housing Market Outlook (2024) appeared first on RE/MAX Canada.
. ARCHIVE Fredericton Housing Market Outlook (2023) Fredericton Housing Market Outlook (2021) Fredericton housing market to favour sellers in 2021, prices expected to rise 3-4% The Fredericton housing market is expected to sit in seller’s market territory in 2021 due to a lack of inventory, which has been a common trend across many Canadian housing…
. The average sale price in the Simcoe County housing market increased by 5.1 per cent between 2022 and 2023 (from $927,780 in 2022 to $974,831 in 2023), while the number of sales decreased by 12.5 per cent (from 2,067 from 2022 to 1,809 in 2023). The current housing market in Simcoe County is a…
. The average sale price in the Edmonton housing market decreased by 4.3 per cent between 2022 and 2023 (from $418,713 in 2022 to $400,827 in 2023), while the number of sales decreased by 11.4 per cent (from 22,388 in 2022 19,825 in 2023). Edmonton is currently a balanced market, but it’s likely to transition…
. The average sale price in the Moncton housing market decreased by 5.9 per cent between 2022 and 2023 (from $315,000 in 2022 to $333,496 in 2023), while the number of sales decreased by 10.2 per cent (from 3,220 in 2022 2,890 in 2023). Moncton is currently a sellers, and given its 3.2 months of…
Owning a home is a keystone of wealth… both financial affluence and emotional security.