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Prices in cottage country again on the rise |
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July 15, 2010
As memories of the recession dim, city dwellers are again starting to dream of owning a cottage property – maybe on a lake; maybe near a ski hill. A place where they can escape the traffic and concrete for well-earned days of R&R away from the pressures of big-city life.
A word of advice: Better move quickly because prices are again on the rise in the most popular areas north of the GTA, and since almost nothing new was launched during the past couple of years, pickings are limited.
Also, the closer the cottage is to the GTA, the greater the demand and the faster prices will rise this year. Muskoka, for example, is just now recovering from the slump that started in 2008 but the ski-hill country further south is well into business as usual.
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Credit Ratings are Better North of the Border |
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July 15, 2010
The number of americans with bad credit continues to rise. is there any reason to believe Canadian credit is better?
Actually there is, it's just a little harder to prove.
New statistics from U.S. credit agency Fico show about 25% of american consumers now have a credit score below 600 -- the magic point where they are considered high-risk borrowers. that score not only determines whether a consumer gets credit, but at what rate.
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High Marks for Canada's real estate |
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July 15, 2010
Canada may no longer be the most transparent housing market in the world, but it’s close, according to a biannual survey of 81 countries.
Canada came in second behind Australia in the 2010 Jones Lang LaSalle Global Transparency index, which measures countries’ legal and regulatory environments, market strength and real estate debt transparency, among other metrics. Canada ranked first in 2008.
“Canada differentiates itself on having a combination of a sound banking system, well-developed commercial real estate lending standards and stable property markets with relatively low vacancy and rental volatility,” the report states.
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