Tipping point

Canada’s housing market is at a “tipping point,” Royal LePage said Tuesday. Tighter lending rules combined with overshooting prices means many would-be buyers will be left on the sidelines.

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  • Canada’s housing market is at a “tipping point,” Royal LePage said Tuesday. The average price for a two-storey detached home rose to  $408,423 in the second quarter with residents in bigger cities paying far more. Tighter mortgage lending rules combined with overshooting prices means many would-be buyers will be left on the sidelines, the  report said.
  • Here’s a guy breathing new life into the age-old saying, “A penny saved is a penny earned.” Thomas Daigle of Boston made his final mortgage payment in 1 cent coins.
  • In his latest podcast, MoneySense contributor Preet Banerjee explains how to save money on roaming charges during short stints just south of border.  Cross-border shopping in NY or Washington state this summer? Use your phone and avoid get dinged with a hefty phone bill. Did we mention Banerjee was just cast as host of “Million Dollar Neighbourhood” on the Oprah’s OWN network? Cool.

One comment on “Tipping point

  1. Being from Vancouver, those numbers look nice and low! haha It's amazing how many mortgages are in the $700K-$1mil mark here in BC. Interesting post for sure…

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