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Oakville Housing Market Update

Oakville Housing Market Update – June 2017

In the latest local market update, we begin to see the start of a slow-down in the Oakville housing market. 

Are home sales finally beginning to cool off?

Per the most recent statistics from the Oakville, Milton and District Real Estate Board, home sales in May were down 19% year-over-year while the number of new listings jumped more than 40%.

Local inventory continues to rise, but the slow-down in sales could be an …

  • Posted: July 10, 2017
  • Tags: Mortgages
  • Comments: 0
Oakville Mortgage Rates - Homeowners

Could homeowners survive if mortgage payments increased?

Homeowners are barely getting by as it is. If Oakville mortgage rates were to increase even slightly, what kind of effect would it have?

When it comes to affording payments on their home, even the slightest increase could be a deal breaker for many homeowners. That’s why it didn’t come as much of a surprise when a recent study by Manulife Bank revealed that almost ¾ of Canadian homeowners would have …

  • Posted: June 15, 2017
  • Tags: Mortgages
  • Comments: 0
Market Update & Mortgage Rates Oakville Ontario - April 2017

Oakville Market Update – April 2017

Market Update & Mortgage Rates Oakville Ontario
Three months into 2017 and we aren’t seeing any kind of slowdown in the Oakville housing market.

Per the Oakville, Milton and District Real Estate Board, total property sales jumped 17% in March 2017 compared to March 2016 with 974 units sold last month.

These solid numbers are a sure indication that the Spring market is here, says the President of the OMDREB. As we move …

Mortgage Rates Oakville

How Are Mortgage Rates Determined?

Mortgage Rates Oakville
Looking from the outside in it’s easy to assume that mortgage rates are simply driven and adjusted by economic factors. However, there’s a lot more to it than just what the Bank of Canada does.

For starters, there are two types of mortgage rates that people get with a mortgage.

The first is a variable rate, which changes with the prime lending rate that is set by the Bank of …

  • Posted: April 5, 2017
  • Tags: Mortgages
  • Comments: 0
Mortgage Rates Oakville

Are Millennials The Future Of Real Estate?

A recent article from Canadian Mortgage Trends found that 8 in 10 millennials will purchase a home within the next 5 years. Currently, roughly 34% of the Canadian housing market is made up of millennial homeowners.

If you’re interested in entering the housing market and want the best mortgage rates Oakville, we can help.

With home prices climbing at near-record paces, how are these millennials planning to buy?

According to the article, 70% …

  • Posted: March 3, 2017
  • Tags: Mortgages
  • Comments: 0
Housing Market - Oakville Mortgage

Oakville Market Update – January 2017

Oakville Mortgage – James Loewen

After operating at a torrid pace in 2016, home sales cooled down in the final month of the year.

As qualified Oakville mortgage professionals, the Loewen Group Mortgages team is always looking for ways to help their clients and keep them informed.

Per the Oakville, Milton and District Real Estate Board, all property sales experienced an 8.5% drop in December 2016 from December 2015, going from 414 to …

  • Posted: February 7, 2017
  • Tags: Mortgages
  • Comments: 0
Mortgage Broker Oakville

Home Prices In GTA To Rise in 2017?

Mortgage Broker Oakville – Loewen Group Mortgages

Do you recall seeing any “SOLD – Over Asking!” signs on lawns across town last year? You probably do, because sellers getting more than what their original asking price was is something that happened quite often in 2016.

As a mortgage broker Oakville, James Loewen and the team at Loewen Group Mortgages are always keeping a close eye on the Greater Toronto Area and Halton …

  • Posted: January 10, 2017
  • Tags: Mortgages
  • Comments: 0
Oakville Ontario mortgage brokers - market update

Oakville Market Update – November 2016

Being a mortgage broker in Oakville, James Loewen and the team at Loewen Group Mortgages are committed to providing excellent service to each and every one of their clients.

Providing great service includes offering the most up-to-date, relevant and useful information possible. Therefore, we are consistently tracking the local area’s monthly real estate statistics.

Per the Oakville, Milton and District Real Estate Board, October 2016 experienced a slight drop in property sales …

  • Posted: December 6, 2016
  • Tags: Mortgages
  • Comments: 0
Mortgage Broker Oakville Ontario

New Mortgage Rules for Canadians

As a mortgage broker Oakville Ontario, James Loewen and his team are preparing for the new set of mortgage rules that will begin to affect Canadians as early as this year.

The Canadian government has announced some new changes to mortgages that will affect the nation’s homebuyers.

The new changes are designed to ensure that borrowers aren’t taking on mortgages that they can’t afford. This was mainly developed because of the historically …

  • Posted: November 11, 2016
  • Tags: Mortgages
  • Comments: 0
Oakville mortgage brokers

Oakville Market Update – August 2016

The Oakville real estate market is directly correlated to the mortgage industry. As one of the leading Oakville mortgage brokers, James and his team at the Loewen Group are committed to providing their clients with the most accurate information available.

In July 2016 we experienced a decrease in sales and an increase in the average sale price in Oakville.

After recording 361 residential home sales in June 2016, sales dropped to just …

  • Posted: October 3, 2016
  • Tags: Mortgages
  • Comments: 0

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