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Latest Yahoo Finance Canada Videos

  • Business
    Yahoo Finance Canada Videos

    How low interest rates are feeding a massive real estate frenzy

    Just when you thought interest rates couldn’t get any lower, HSBC shocked with an insured 0.99% variable rate mortgage. Record low rates mean monthly mortgage payments are lower today than they were last year, despite rising prices. But higher prices mean bigger down payments that a lot of first-time buyers can't come up with. Realty’s John Pasalis operates in and analyzes the Greater Toronto Area market. Oakwyn Realty’s Steve Saretsky covers Vancouver. They shared their thoughts on the effect of low rates on prices and how it affects buyer psychology. Jessy Bains is a senior reporter at Yahoo Finance Canada. Follow him on Twitter @jessysbains.Download the Yahoo Finance app, available for Apple and Android.

  • Business
    Yahoo Finance Canada Videos

    Why home buyers should stay out of bidding wars

    Record low interest rates and a strong desire to upgrade living spaces as more people work from home is leading to increased competition among home buyers. Realtors are reporting as many as 65 bids for a single properties, which are often listed at reduced prices to spark bidding wars to fetch a higher sale price. Realty’s John Pasalis operates in and analyzes the Greater Toronto Area market. He tells us why it's best to just sit out bidding wars and how they lead to unnecessary anxiety. Jessy Bains is a senior reporter at Yahoo Finance Canada. Follow him on Twitter @jessysbains.Download the Yahoo Finance app, available for Apple and Android.

  • Business
    Yahoo Finance Canada Videos

    Editor's Edition: Why home prices are expected to keep rising

    Canada’s hottest real estate markets broke records during what’s usually the quiet holiday season, as governments stepped in with plans to make housing more affordable. There was a lot to talk about on this month’s episode, including vacant homes taxes, incentives for first time buyers, low mortgage rate, condos, bidding wars, the urban exodus, the effect of vaccine rollouts, and the Bank of Canada’s role in the improbable rally. We’ve been getting monthly updates from the ground floor from Realosophy Realty’s John Pasalis and Oakwyn Realty’s Steve Saretsky, who help make sense of it all, with advice for anyone buying or selling a home. They both think the rally still has legs and expect to see strong markets in Toronto and Vancouver in the months to come. Jessy Bains is a senior reporter at Yahoo Finance Canada. Follow him on Twitter @jessysbains. Download the Yahoo Finance app, available for Apple and Android.