Economy | Hearth & Home Realty Inc. Brokerage

Your financial health. Is it all it can be?

Posted by: Tamer Fahmi in Homeowners Tips, Future Outlook, Economy, Announcement on Nov 01, 2011

With record high debt levels, Canadians are dedicating a greater percentage of their incomes to servicing mortgages, car loans, and credit card debt despite generational low interest rates.

As the cost of carrying debt continues to rise, families are foregoing education and retirement

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CREA revises home sales forecast

Posted by: Tamer Fahmi in Future Outlook, Economy, CREA Canadian Real Estate Association, Burlington Real Estate on Aug 31, 2011

OTTAWA – The Canadian Real Estate Association (CREA) has revised its forecast for home sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate Boards and Associations for 2011 and 2012.

Overall, sales activity and prices remained stronger than expected in the second

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Home Buyer beware when going it alone

Posted by: Tamer Fahmi in Sales, Market Activity, Homeowners Tips, Economy on May 10, 2011

Moneyville Blog, Toronto Star, May 6, 2011

By Mark Weisleder

Many people who go it alone when buying a home turn up at open houses or contact the seller's agent directly, thinking they can save half of the commission and get a better deal.

I'm not so sure it's that easy. These buyers do not understand

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Balanced market for spring.

Posted by: Tamer Fahmi in Statistics, Ontario, Market Activity, Hamilton Real Estate, Economy, Burlington Real Estate on Apr 14, 2011

(April 5, 2011 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported a total of 1128 units sold in the association's jurisdiction* in the month of March, according to Multiple Listing Service® (MLS®) statistics released today. This represents a 12.1 per cent

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Realtors predict slowing growth of home sales under tighter mortgage rules

Posted by: Tamer Fahmi in Statistics, Sales, Ontario, Market Activity, Hearth Home, Hamilton Real Estate, Government, Future Outlook, Economy, CREA Canadian Real Estate Association, Burlington Real Estate on Mar 16, 2011

March 15, 2011 Toronto Star Mary Gazze

The national average price for homes rose 8.8 per cent year-over-year in February, but a group of Canada's realtors suggest they might not stay at those levels for much longer as stricter mortgage rules come into effect.

The Canadian Real Estate Association

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Finance Minister announces new mortgage rules.

Posted by: Tamer Fahmi in Ontario, Market Activity, Government, Future Outlook, Economy, CREA Canadian Real Estate Association, Burlington Real Estate, Announcement on Jan 18, 2011

Jim Flaherty, Minister of Finance, and Christian Paradis, Minister of Natural Resources, announced the following adjustments to the rules for government-backed insured mortgages to support the long-term stability of Canada's housing market.

Reduce the maximum amortization period to 30 years from

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Canadian real estate market stronger than expected

Posted by: Tamer Fahmi in Statistics, Sales, Ontario, Market Activity, Hamilton Real Estate, Future Outlook, Economy, CREA Canadian Real Estate Association, Burlington Real Estate on Jan 14, 2011

Low interest rates should continue to stabilize Canada's resale housing market but the average national price and sales volumes will likely decline from last year, the Canadian Real Estate Association said Friday.

"The hand off to 2011 for sales activity in the fourth quarter suggests that the

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Our housing market to side step U.S. style bubble.

Posted by: Tamer Fahmi in Ontario, Market Activity, Future Outlook, Economy on Dec 17, 2010

Toronto Star

By Mark Weisleder| Wed Dec 15 2010

As Bank of Canada Governor Mark Carney tries to talk Canadians out of piling up too much debt, the comments have led to a lot of speculation about whether Canada faces a U.S.- style housing meltdown.

Nothing could be further from the truth. The

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Mortgage Matters - Fall 2010

Posted by: Tamer Fahmi in Sales, Ontario, Market Activity, Homeowners Tips, Hamilton Real Estate, Economy, Burlington Real Estate on Nov 19, 2010

Market conditions in the Burlington area continue to be strong. There was concern that a slowing economy in the 2nd half of the year would have a slowing effect on real estate markets. However, low mortgage rates have helped to fuel continuing demand.

First time home buyers are taking full

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Why some houses sit and other houses sell.

Posted by: Tamer Fahmi in Statistics, Sales, Ontario, Homeowners Tips, Hamilton Real Estate, Economy, Burlington Real Estate on Nov 05, 2010

Jay Papasan, VP of Publishing and co-author of a number real estate best-sellers, explains why some houses sit on the market while others sell.

Watch Jay's video and get the answer to the markets

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