71% of Canadians Think the Federal Government Needs to do More to Improve Housing Affordability

Maple City Homes Uncategorized

Sarah Niedoba The dream of owning a home in many of Canada’s largest cities has become increasingly out of reach for the average would-be buyer. And according to a new survey, the majority of Canadians think the government should be doing more to help. Up to 71 percent of Canadians believe that the federal government should be doing more to …

Maple City Homes Donates Another $5000 For New Animal Shelter

Maple City Homes Uncategorized

Maple City Homes has donated another $5,000 to support the new animal shelter currently under construction on Park Avenue East. Although the Friends of the New Animal Shelter has completed its building campaign, approximately $75,000 is still needed to furnish and equip the 6,300 square foot facility. The firm is donating $500 for every home sold on Summerset Place. The …

Modest home price growth expected for 2019: Re/Max, Royal LePage

Maple City Homes Uncategorized

Linda Nguyen, The Canadian Press Home prices across the country are expected to rise in 2019, but only at a moderate pace compared with recent years, according to two of Canada’s largest residential real estate brokerages. Royal LePage is anticipating the national median home price will increase by 1.2 per cent in 2019, with prices in Toronto and the surrounding areas …

Bank of Canada holds key interest rate steady at 1.75%

Maple City Homes Uncategorized

Pete Evans – CBC The Bank of Canada has decided to keep its benchmark interest rate unchanged while it digests the impact of its previous policy decisions and effect of drastically lower oil prices on the economy. The central bank revealed Wednesday it will keep its benchmark interest rate — known as the target for the overnight rate — at 1.75 …

Time to relax mortgage regulations, Canada home builders urge

Maple City Homes Uncategorized

Natalie Wong, Bloomberg News Canada’s home builders are urging the federal government to loosen mortgage-lending restrictions that have helped cool housing markets this year. Executives at Mattamy Homes Ltd., North America’s largest closely held home builder, said the rules have brought about the desired soft landing and aren’t needed as much now that interest rates are rising. The Canadian Home …

Is a HELOC a Good Idea? Not Really. What You Need to Know

Maple City Homes Uncategorized

By – Robb Nelson Loans secured against your home have been the hot product for a while now at all major lenders. They are presented in the form of a HELOC, or Home Equity Line of Credit, and are frequently how lenders will suggest you finance any major loan whether it be to send your kids to school, renovate your …

Building Your New Home

Maple City Homes Uncategorized

Tips on Buying a New Home Home buying is an important personal decision and a big financial investment. You want to find the home that’s right for you and the builder who provides the best overall value and service. Home buyers and professional home builders agree there are a number of things you can do to make the buying process …