A local Canadian housing markets was rated one of the most affordable in a new report that surveys 406 metro areas in nine countries....more
While the Bank of Canada has yet to raise their overnight rate—a rate that dictates what happens with variable mortgage interest rates—there are changes within the current Canadian mortgage climate....more
Government punishing people for re-financing mortgages
Last week, all eyes were focused on the White House for the historic first meeting of U.S. President Donald Trump and Prime Minister Justin Trudeau. While no official agreements were reached at this meeting, by most accounts it was a positive first encounter of the two world leaders....more
7 expert tips on moving in with your significant other
If that drawer you were gifted at your significant other’s apartment has turned into half a dresser, and your toothbrush is now a permanent fixture in their medicine cabinet, it might be time to consider cohabitation. Moving in with a partner is a major relationship milestone, and both parties are likely to feel nervous in the weeks leading up to the big day. ...more
Why variable-rate mortgages are becoming more attractive to Canadians
Thinking of taking on or renewing your mortgage? You might want to take a close look at variable-rate mortgages, brokers are advising. ...more
The following submission is in response to the Standing Committee on Finance’s comprehensive study of issues surrounding the Canadian residential real estate market; the impact of the housing market on the Canadian Financial System and challenges surrounding access to residential home ownership. ...more
Who doesn’t dream about paying off the mortgage and freeing up all that monthly cash? Even if the end goal seems so far away, the idea of paying off the single largest line item on the liabilities side of your net worth statement just sounds so appealing. Perhaps that’s why books have been written devoted to the topic....more
B.C. foreign buyers tax really did yank down Vancouver home prices: BMO
Royal LePage says the housing correction has begun and expects prices to fall by 8.5 percent in 2017. Prices are still higher than they were a year ago and that has many considering selling it all. Ted Chernecki explains where they'll go and who's most likely to follow through....more
What would a Toronto real estate correction mean for other Ontario markets?
If home prices correct in the Greater Toronto Area, other Ontario markets will take a hit, a new report from the Canada Mortgage and Housing Corporation (CMHC) suggests....more
Is your home a better place to park investment dollars than the markets?
With home values rising by 20 per cent or more each year in the sizzling markets of Vancouver and Toronto, the unprecedented returns are outstripping even risky investments....more
Getting a good deal on a condo doesn’t have to include market timing and pre-sale speculation...more
American interest in Canadian real estate spikes as Donald Trump takes office
A new report from Royal LePage suggests many Americans who oppose incoming president Donald Trump continue showing a desire to purchase property in Canada....more
CMHC is increasing its homeowner mortgage loan insurance premiums effective March 17, 2017. For the average CMHC-insured homebuyer, the higher premium will result in an increase of approximately $5 to their monthly mortgage payment....more
Splitting up? Okay, so how do you split up the house?
I remember watching “War of the Roses” a long time ago. It was about a couple that started out well: in the beginning they were happy and loved each other. Near the end of the movie, however, their relationship had turned ugly – so much so, that one of them took a chainsaw to the house in order to split things down the middle. ...more
January is the best month to buy a house in Toronto
That's because there is residual inventory — homes that didn't sell in October and November, sometimes because they were over-priced, the brokerage said....more