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Canadian home sales edge higher in April
May 15, 2012
Home sales up 0.8% from March to April. Actual (not seasonally adjusted) activity stood 11.5% above levels in April 2011. The size of the year-over-year increase reflects a slowdown in sales last April following changes to mortgage rules which came into effect on March 18, 2011.
Wanted for a Successful Retirement: A Debt-Freedom Plan
May 14, 2012
This is the first time that Manulife Bank has focused on surveying Canadians about debt in the context of retirement planning. The survey found that half of Canadians - more women (54%) than men (46%) - would find it extremely stressful to reach retirement age with debt still outstanding.
Women more likely to be first-time homebuyers in next two years: RBC poll
May 14, 2012
"We are seeing more single women entering into the housing market, as income levels, changing demographics and lifestyle patterns shift purchasing habits," said Marcia Moffat, head of home equity financing, RBC. "But women are being more cautious than men, weighing cost, affordability and job security before buying a home.
Housing starts up from March
May 8, 2012
“Most of the increase was in the multiples segment. The increase in this segment is partly a reflection of the high level of pre-sales in large multi-unit projects since 2011, which is in line with job gains over the last year,” said Mathieu Laberge, Deputy Chief Economist at CMHC’s Market Analysis Centre. “Looking at single-detached homes, 67,700 such units were started across Canada in April, a rate which is consistent with that of the recent past,” added Laberge.
Newcomers list advice as key ingredient in establishing their financial life in Canada: RBC
May 2, 2012
"Building a new life in a new country is no small feat. Newcomers are faced with a myriad of tasks and decisions to ensure their future success," said Paul Sy, director, Multicultural Markets, RBC. "Among these are important financial decisions and professional advice can be critical to overcoming obstacles and challenges in this area. That's why speaking to a financial advisor, someone who understands the challenges and can provide solutions, is integral to helping newcomers build their lives in Canada."
News provided by: Canada Mortgage Magazine

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A new standard: just the facts with HomeProof™

OTTAWA, Feb. 21, 2012 /CNW/ - Welcome to the new standard in obtaining a property's history! A HomeProof Report™ helps make a more informed decision in real estate transactions.

Buying a home can be incredibly joyful because it means a new beginning. However, the experience can be ruined by the buyer feeling they are not getting as much information as possible on a property's history. To fill this void in the real estate market, and to help real estate professionals meet requirements to provide as much relevant data as possible to homebuyers (due diligence), HomeProof™ launches the HomeProof Report™.

The HomeProof Report is a complete home due diligence report (detailed history) on any Canadian property which is created by searching the address against millions of records from key sources and obtaining the most comprehensive and current claims data available. This is valuable information, that HomeProof delivers to customers electronically in seconds, and is an easy to understand. The Report details data on theft; floods; natural disasters; fires; water damage; Clandestine labs; drug operations data from various police sources. (The average cost of cleaning up mold resulting from of a grow op is $40,000.00.)  HomeProof's focus is to ensure that they continually add more valuable types of information to the HomeProof Report, therefore expanding the kind of information that is included in the Report, while keeping it current.

HomeProof founder Alexandre Morin and his partners felt frustration because of the lack of information when they purchased their individual properties—there had to be a better way! They created the HomeProof Report as a way to add transparency to the process because the Report gives only factual information and data that can affect a person's decision to purchase a home—not he said, she said, or anecdotes.

"We are extremely proud of what our company offers. We know that the company will grow as Canadians learn how using the HomeProof Report can be an incredible value. The real estate industry will also have a tool that is transparent and factual, and that will help build trust by providing just the facts," said HomeProof President and CEO Alexandre Morin (Ottawa, Ontario). "The risk of not knowing the information our HomeProof Report provides, is simply too high.  The cost of the HomeProof Report is just .037 % of the price of an average Canadian home."

The HomeProof Report, which is available 24/7, has benefits for homebuyers, realtors, home sellers and industry professionals because it provides them with a property's history.  It might influence a buyer's decision to purchase property or negatively impact the buyer's decision. It might also alter the price and terms a buyer is willing to pay.

HomeProof ™ is the first and only company to provide Canadian homebuyers and sellers, realtors and other industry professionals, with a complete home due diligence Report (detailed history) on what is most often the investment of a lifetime. Make an informed decision with HomeProof™ — the company that searches any Canadian residential property against millions of records from key sources and obtains the most comprehensive and up-to-date claims data available as well as other key information. HomeProof ™ is a 100% Canadian owned company.

See sample HomeProof Report: http://homeproof.com/report/

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