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As promised, here is the second article from my real estate fraud series. It deals with home equity fraud and two of its most common kinds. Let's start with saying that the majority of lenders are just alright and honestly want the best for you, willing to help and offer you a good deal. Unfortunately, there also are those, who are not quite honest and try to make profit of you. Just be careful. Home equity flipping and home equity stripping are the two most popular kinds of home equity fraud... Read Full Post

Real estate scam or real estate fraud is not unusual. Its popularity has been increasing lately. I guess many of you are informed about it. Nevertheless, I want to sum up and characterize few of its types for you. Foreclosure scam Picture a situation that you have just purchased a new property, which you are very excited about. Your mood is however worsened by the debt you need to pay off. You are quite desperate at some point and are willing to take almost any help. Out of sudden, someone re... Read Full Post

A new, Capital Points report by the Scotiabank group was recently published. It summarized new data about a number of sectors of Canadian economy, showing that well on detailed graphs. But not only that, it also compares the present situation in Canada to the US and few other countries. Are you interested in the current situation in our country and expectations of Scotiabank group? Don't stop reading and you will find out. The recent state (many of these issues were mentioned in my posts alre... Read Full Post

Have you already seen the new Canada Mortgage and Housing Corporation report about the 2009 housing situation? You should check it out, it is very comprehensive and interesting. No big surprises if you regularly watch the situation closely, but it is nice to see all the exact data summarized. The most important data are: •In December, the seasonally adjusted annual rate of housing starts rose by 5.8 percent from November to 177,800 units. In November it was 168,000 units. As a matter of fac... Read Full Post

Individuals say that you want to be on Facebook or other social networking webpages otherwise you don't exist. Recently I have seen myself beginning to agree with them all. To see out what is going on in the lives of individuals you know you only have to look at these social network sites. If you don't go on these types of site then it's very awkward to keep in touch. But don't just think of these internet sites as a way of keeping up to date about the lives of mates. Let's face it, real esta... Read Full Post

The world housing market is continuing in its recovery, the newest Global Real Estate Trends report by Scotia Economics claims. Canadian market is in a good state and in couple of other countries, signs of recovery of the real estate market are visible too. In 2009, the approximate number of MLS home sales 465,000, meaning an increase of seven percent from a year before. The number of new homes last year, however, decreased from 2008. It was about 146,000 in 2009 and 211,000 the year before. ... Read Full Post

As the poll conducted for Manulife Financial in December 2009 claims, Canadians are starting to focus mainly on paying down their own debts. This result came after three quarters of consecutive increases of interest in investment. Actually, the priority to pay down loans has reached its highest level in 5 years in December. 28 percent of 1,000 polled Canadians now claim their top priority is to take care of their consumer credit. The result was 24 percent last year and 20 percent two years ag... Read Full Post

To comprehend the innovation and change that the mortgage business in Canada underwent, we first must make sense of the changes that happened in the housing market. The mortgage business changes have occurred due to a multitude of items which include the economy and the housing situation. During the last year there have been extreme changes in the property business due to affordability of payments in comparison to earnings. Comparing property prices, rent prices and the price-to-income charts... Read Full Post

A great event is going to take place in Toronto on June 26th and 27th. While visiting South Korea, out Prime Minister Stephen Harper has declared that the G20 summit will be moved to Toronto instead of the initially planned Huntsville area. What implication will this fact have for Toronto and its citizens? First of all, Toronto will be the top place of the world, due to the visit of 20 top politicians. The most prestigious of them surely is the US president, a Nobel Peace Prize winner, Barack... Read Full Post

A report focusing on the Canadian real estate market situation of 2008 and the 1st half of 2009 was recently brought by The Canada Mortgage and Housing Corporation. It is focused mainly on the housing starts and the issue of affordability to rent and own. The report shows that after the shock of last year, now our real estate market is recovering again, however slowly. If we compare the new home sales figures for the first six months of the year , we can see that the 2009 numbers were 43% low... Read Full Post