HOS Path to Homeownership

11/21/2022

https://www.ascendfinancialcanada.com/
Stop Paying Rent

Don't Pay Another Cent in Rent to Your Landlord - You have options.

"If you're like most renters, you feel trapped within the walls of a house or apartment that doesn't feel like yours."

It's a dream we all have - to own our own home and stop paying rent. But if you're like most renters, you feel trapped within the walls of a house or apartment that doesn't feel like yours. How could it when you're not even permitted to bang in a nail or two without a hassle. You feel like you're stuck in the renter's rut with no way of rising up out of it and owning your own home.

Don't Feel Trapped Anymore - We help people become homeowners and show you the 8 ways you can own a home. Join our Home Buyers Challenge! - Wed. November 23rd. Friday November 25th 2022 from 7:00PM - 9:00PM EST.
https://www.ascendfinancialcanada.com/

10/18/2022

𝗗𝗼𝗴𝘀 𝗮𝗯𝗮𝗻𝗱𝗼𝗻𝗲𝗱 𝗮𝘁 𝗛𝗮𝗺𝗶𝗹𝘁𝗼𝗻, 𝗢𝗻𝘁. 𝗵𝗼𝗺𝗲 𝗮𝗳𝘁𝗲𝗿 𝘁𝗲𝗻𝗮𝗻𝘁𝘀 𝘄𝗲𝗿𝗲 𝗲𝘃𝗶𝗰𝘁𝗲𝗱 𝗵𝗮𝘃𝗲 𝗯𝗲𝗲𝗻 𝘀𝗵𝗲𝗹𝘁𝗲𝗿𝗲𝗱 - (𝗪𝗵𝗮𝘁 𝗮𝗯𝗼𝘂𝘁 𝘁𝗵𝗲 𝗽𝗲𝗼𝗽𝗹𝗲?)

Interesting how this article about the concern for the dogs neglects the plight of the people. They owe $40,000 in back rent. How are they doing? Who is there to help them? Glad we can help the dogs.
Thousands of people have been Renovicted over the past few years because the investors see an opportunity to make more money.

Ontario law allows landlords to evict tenants if they are undertaking major renovations on a unit, and there is no rule that bars landlords from raising the rent between tenants.

Canada is facing an acute housing affordability and supply crisis. According to a joint report by Urbanation and the Federation of Rental Housing of Ontario, rental apartment supply from purpose-built units and secondary condominiums is projected to fall short of demand by over 200,000 units — even if construction starts to double in 10 years.

Terms such as “renovictions” and “vacancy decontrol” have become part of the local political discourse across the country, as the surge in housing prices has created an incentive to take advantage of the shift in market conditions.

For example, rents in Ontario are increasing at the fastest year-over-year pace since the late 1980s, according to Statistics Canada data. Rent jumped 5.4 per cent in June from a year earlier, slower than the 5.6-per-cent gain posted in May, but otherwise the biggest increase since the fall of 1989.

10/15/2022

𝗖𝗮𝗻𝗮𝗱𝗮 𝗵𝗮𝘀 𝗮 𝗿𝗲𝗻𝘁𝗮𝗹 𝗮𝗻𝗱 𝗮 𝗵𝗼𝘂𝘀𝗶𝗻𝗴 𝗰𝗿𝗶𝘀𝗶𝘀!

Research shows that in the last decade, Canada has been losing affordable rental units, those available to individuals making $30,000 a year or less, far faster than new ones are being built.

10/13/2022

This Canadian market is the world's biggest housing bubble…
Interest rate increases and economic volatility are amplifying the risk of home price crashes.

The Toronto housing market is currently the biggest real estate bubble worldwide, according to a recent UBS Group AG study.
The analysis, which looked at urban markets that face the greatest risk of home price declines over the next few months, found that, on average, home prices in major global cities are becoming more volatile compared to the past few years – a trend spurred by interest rate hikes and the looming threat of recession.

The analysis, which looked at urban markets that face the greatest risk of home price declines over the next few months, found that, on average, home prices in major global cities are becoming more volatile compared to the past few years – a trend spurred by interest rate hikes and the looming threat of recession.

“Recent rate hikes by the Bank of Canada could be the last straw that broke the camel’s back,” the report said. “New buyers and owners during mortgage renegotiations not only need to pay higher interest rates but are also required to provide more income to qualify for a mortgage. Price correction is already in the making.”

10/13/2022

Prices are starting to decrease since we are through the height of the pandemic housing panic. Yet, prices are still unreasonably high.
We have had more than five consecutive months of housing sales declines. Housing is getting more affordable yet still out of reach for many Canadians depending on your location.

Although prices have dropped since the beginning of 2022, as of August this year, the average price of a home in Ontario is about $829,000, in BC its $918,000, Calgary $420,000 Nova Scotia its $460,000 and Canada $637,000.

For many the only alternative and option for homeownership is to move. I have spoken to countless people who are either moving from Ontario to Nova Scotia or to Calgary.

10/11/2022

10/11/2022

Its happening across Canada.

11/29/2019

If you make these key moves before applying for that home loan, you’ll be more likely to not only get approved, but snag a competitive interest rate that makes homeownership more affordable.

A few strategic moves in the weeks or months leading up to your mortgage application could increase your chances of getting approved for a home loan.