Mortgage Rates Have Been On The Rise Of Late

Mortgage rates have been on the rise of late, and we all know that housing prices have been rising as well. In order to make homes more affordable to more people Genworth Financial has introduced a 35 year mortgage. This new entry into the Canadian housing mix should spur growth on just a little further. Full Story.

CBC Radio One Had An Open Line Discussion On Real Estate In British Columbia

Today (March 28/06) CBC Radio One had an open line discussion on real estate in British Columbia. Most of the conversation rotated around the complete unaffordability of homes in the lower mainland. In the current real estate market only people with high paying jobs are able to purchase homes. The worst part is that the high prices in Vancouver and surrounding areas will never go down because of limited land available for new housing, and the constant commercial draw of the city. The radio show is focusing on real estate all week.

Virtual Tours Are One Of The Best Ways To Evaluate A Property Before You Spend Time Physically Viewing It

Virtual tours are one of the best ways to evaluate a property before you spend time physically viewing it. Real estate is the most popular application for virtual tours, but venues such a stadiums and hotels can also benefit from online virtual tours. The Langley Times has the full story on the man who runs North America's leading virtual tour company.

Being A Landlord Can Have Great Benefits, Like Extra Income

The Toronto Star reports on 'tenanting'. Being a landlord can have great benefits, like extra income. However, there are many obstacles to being a landlord, and picking the right tenants may be the biggest challenge. Finding people that won't rip you off requires a bit of experience.

Real Estate Is The Hottest Market Going Right Now

Real Estate is the hottest market going right now. The Toronto Star reports on how to take advantage of real estate, and some areas to be cautioned of. Real estate investments can create headaches for those who are inexperienced. In contrast The Georgia Straight reports on the unaffordability of real estate in Vancouver. With average home prices over 700,000 dollars few can afford to buy a home.

The Rise In Interest Rates Soon Prompted The Major Banks To Raise Prime To 5.5 Percent

The Bank of Canada raised rates again. The rise in interest rates soon prompted the major banks to raise prime to 5.5 percent. Hopefully the rising rates are not a trend and the real estate market can handle the pressure. Full Story at Yahoo.

The Toronto Star Reports On The Positive And Negative Aspects Of Investing In Multi Unit Apartment Buildings

The Toronto Star reports on the positive and negative aspects of investing in multi unit apartment buildings. Investors must be aware of different rules and regulations when dealing with apartment buildings. Buildings with several units can make a lot of revenue, but can be difficult to get rid of.

Harcourts Reports A Global Trend Towards The Use Of The Internet To Research Homes And Property

The largest online real estate company in New Zealand, Harcourts, reports a global trend towards the use of the Internet to research homes and property. Harcourts surveyed 10000 of it's clients to determine to direction of online real estate. Scoop has the full story.

Ontario's Laws Allow Tenants To Overstay Their Welcome, Even Several Months After Eviction Notices

Those who acquire real estate as an investment beware. Ontario's laws allow tenants to overstay their welcome, even several months after eviction notices. The Simcoe Reformer has the full story on how decent landlords must battle the courts and tenants to evict deadbeat renters.

British Columbians Can Look Forward To Paying Just A Little Less Tax

British Columbians can look forward to paying just a little less tax. The B.C. government laid out the budget for all to see, with some minor tax cuts to help home owners. FULL STORY.