Compare Single Family Residential Activity by City
2008
2007
# of Sales
Avg. Sale Price
# of Sales
Avg. Sale Price
Avg. Price %'age Change
City
YTD
12 Month
YTD
12 Month
NOL
206
$415,224
261
$389,507
+6.60%
Niag. ...
(As of December 30, 2008)
1) The majority of Canadian mortgages are insured--not the case in the U.S.
2) First time buyers in Canada are subject to the same credit criteria as any other buyer. They are not given preferential treatment, as has been the case in the U.S.
3) The default rate on mortgages, as of September, stands at about .29% in Canada compared to 25% or more in the U.S.
4) Buyers ...
(Many thanks to John Johnston, Investor, for his input on this blog post)
1. Perform a Thorough Property Inspection Yourself Though seller's are obligated to disclose hidden defects, the principle of buyer beware is alive and well when buying real property. It becomes important to carry out a thorough visual inspection of the property with your REALTOR®. This gives ...