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Christopher Mogensen / How-Chris-Helps.ca
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Montreal luxury real estate sales spike as Toronto, Vancouver’s slump https://buff.ly/2fA2IOr
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With a real estate investments, there are more ways in which to realize a superior return on investment.
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On a mortgage with a 20-year amortization, a 0.25 percent interest hike will increase a monthly payment by less than $40 on a $300,000 mortgage, and just over $50 on a $400,000 mortgage balance.
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Is your home talking to you?
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What prompted the Bank of Canada to raise interest rates?
A Royal LePage study shows that the Canadian real estate market, after many attempts to slow down price appreciation, embarked a move to moderation. A sign that our economy turned a corner, the white-hot markets are moderating to very warm; the depressed markets are beginning to grow again.
In the second quarter of 2017, the aggregate price of a home in Canada increased 13.8 % to $609,144. Royal LePage forecasts that property prices in 2017 will increase by 9.5% to $617,773 in 2017.
Find out more about Canada’s property prices:
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Interest rates have begun to rise and will likely climb higher. Inventory is low and could shrink more. And home prices? Well, home prices are increasing—and they’re not predicted to fall any time soon.
Crucial reasons why you should buy a home before 2017 ends:
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Just because your home’s on the market during the slow, chilly months doesn’t mean you have to accept a lowball offer.
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