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Monthly Archives: June 2023

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London rents now cost 78% of average pay

Posted on June 16, 2023 by Joe

Average London rents are approaching 80% of residents’ average monthly pay, as prices head past the £2,000 mark.

Read more: https://tinyurl.com/2j2czwsp

Posted in Global

Should I pay off some of my mortgage using my shares?

Posted on June 16, 2023 by Joe

QUESTION: Should I pay $100,000 off my mortgage using my shares (likely to be 6.5% interest rate) or keep it in managed funds?

Read more: https://tinyurl.com/yf8c6pha

Posted in Global

Luxury for less: The most glamorous houses for sale for $2 million

Posted on June 16, 2023 by Joe

Trophy homes in the most exclusive suburbs can cost tens of millions, but buyers willing to look further afield can find luxury living for less.

Read more: https://tinyurl.com/j7asvv76

Posted in Global

Some Canadian mortgage holders extending amortization periods by more than double: Expert

Posted on June 16, 2023 by Joe

As Canadians continue to deal with higher borrowing costs, one mortgage expert said some homeowners have been extending their amortization periods to more than double the typical 25 years.

Read more: https://tinyurl.com/4ehsx48n

Posted in Canada

The suburbs where house prices have been on the rise

Posted on June 16, 2023 by Joe

House prices in a tiny South Island town rose by more than 8% over the last year, making it one of a select group of areas to beat the market downturn, new analysis reveals.

Read more: https://tinyurl.com/2p9d6s7p

Posted in Global

High demand, low supply, limited purchasing power may fuel hot summer market

Posted on June 15, 2023 by Joe

The hotter it gets, the quicker the records seem to fall in Calgary’s resale real estate market.

Read more: https://tinyurl.com/yjk4jup4

Posted in Calgary (Alberta)

Opinion: Why Edmonton needs a new rulebook for development

Posted on June 15, 2023 by Joe

Picture the street you live on. It probably looks something like house, house, duplex, house. There’s a good reason that it’s not house, house, industrial refinery, zoo, ski resort. It’s zoning.

Read more: https://tinyurl.com/3n3kd992

Posted in Edmonton (Alberta)

Rate hikes could ‘take some steam’ out of housing market rebound

Posted on June 15, 2023 by Joe

Canada’s housing market continued heating up in May, but experts say the Bank of Canada’s return to interest rate hikes might stunt the rebound.

Read more: https://tinyurl.com/p3hr64c5

Posted in Canada

Canada’s population will hit record 40M on Friday: StatCan

Posted on June 15, 2023 by Joe

Statistics Canada says the country will reach a new milestone on Friday as the population hits a record 40 million people.

Read more: https://tinyurl.com/43mzdvv5

Posted in Canada

Opinion: How the Edmonton region can reach its economic potential

Posted on June 15, 2023 by Joe

At $107 billion in GDP, and a current population of 1.5 million, up 2.5 per cent from the previous year, we are the fifth-largest economy, and the second-fastest growing region in Canada.

Read more: https://tinyurl.com/98u3vmme

Posted in Devon (Alberta), Edmonton (Alberta), Fort Saskatchewan (Alberta), Sherwood Park (Alberta), St. Albert (Alberta), Stony Plain (Alberta)

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