U.S. existing home sales will slide 4.6% this year, to 6.2 million, says the National Association of Realtors. More importantly, median home prices could drop for the first time since the 1960s. Thunder Bay Chronicle Journal Story
Toronto Real Estate Blog has a good article on demand outpacing supply in the cottage real estate market. Among other notable points, a typical Canadian waterfront, land access property increased 13 per cent in the past year.
TaxTips.ca offers a handy calculator to help you decide whether to pay down your mortgage or invest in your RRSP.
Alternative mortgage lender Abode Mortgage is PMI Canada’s first mortgage insurance customer. Abode says PMI’s insurance and securitization services will help expand Abode’s product offerings. Press Release
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