Get your complementary Pre-Approval from aDiamondMortgage, here Housing Affordability Worsens, Time Needed to Save for a Down Payment Increases Even before fixed mortgage rates started rising last month, housing affordability continued to deteriorate in the third quarter, the National Bank of Canada reported Wednesday. Housing affordability posted a third consecutive quarterly decline, while over the past 12 months [&hellip…
Parents to the Rescue: Average Size of Gifted Down Payments Rises to $82,000 As home prices have risen sharply in recent years, so too has the amount of down payment assistance parents are willing to give their kids. For those parents who choose to assist their adult kids with the purchase of their home, the [&hellip…
Buying vs. Renting: Homeowners Come Out Ahead, Study Says Despite higher home prices and larger mortgages, monthly housing costs are currently lower for homeowners—on average—compared to renters. In fact, in the second quarter of this year, homeowners paid on average $769 less per month compared to renting an equivalent dwelling, according to a new survey [&hellip…
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