The Canadian Real Estate Association will be releasing its September Housing Market Stats along with its third quarter report and forecast in the coming days. But another analyst is offering a preview. Well known housing economist Robert Hogue has released his thoughts on what to expect. He sees more turbulence as the market moves through the autumn. “Confidence in the Canadian housing market came under renewed pressure in September as escalation in the trade war with the United States, and rising long-term interest rates put buyers on the defensive,” Hogue wrote in a recent report. Hogue notes that several local real estate boards recorded a…
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Residential Market Commentary - Autumn Market Slowdown
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How the Mortgage Pre-Approval Process Works in Canada—Step by Step
If you’re planning to buy a home, understanding the mortgage pre-approval process in Canada is key to a smooth and confident journey. This article guides you step by step through how to get mortgage pre-approval, what documents and information you’ll need, and the essential mortgage pre-approval requirements in Canada. You’ll learn how to avoid common mistakes, what to expect from lenders, and how pre-approval can empower your home search. By following this clear roadmap, you can approach your next steps with clarity and make informed decisions about your financing options.