Recent Blog Posts by CENTURY 21 Colonial Realty Inc.

New Canada Mortgage Rules- Good or Bad ?

On February 16 Finance Minister Jim Flaherty announced changes to government insured mortgages. You can read the full release here If you are like me..you read real quick and sometimes don't get the full explanation and can get bogged down by the details...so First off--- YOU DONT NEED 20% DOWNPAYMENT TO BUY A HOUSE TO LIVE IN ! The changes are : Require that all borrowers meet the ...

First Home Buying Jitters

If your thinking about purchasing your very first home your most likely a little nervous. After all you've probably heard that buying a home is the single most important financial decision you will ever make and for most people this is true. After spending a lot of time with first time home buyers I see Three major areas of concern.    The number one concern is ...

Bottoms Up

I've been having a lot of conversations with people lately particularly first time home buyers and the number one question they are asking is why aren't home prices coming down? I mean after all isn't this worldwide economic crisis supposed to bring the price of real estate down? Under lying this question is this......"we are waiting for home prices to hit bottom before we buy". The reality is that ...