Category: Uncategorized

Housing affordability declined in August across Canadian provinces except British Columbia. British Columbia is the only province where affordability improved slightly. Buyers in BC still require ~$200K in annual income to qualify under the federal stress test.

This article reviews the best 10-year fixed rate mortgages in Canada for 2023. We reviewed 100 mortgage lenders that do business both online and in-person throughout Canada, and the lenders we reviewed represent some of the largest mortgage lenders by volume in Canada. Locking in your mortgage at a competitive interest rate for an extended…

RBC reports strong initial interest in the FHSA program for tax-free down payment savings. Since April 1, tens of thousands of Canadians, primarily aged 25-34, have opened FHSA accounts, with 56% being younger clients.

The Bank of Canada has decided not to raise rates in September, but James Laird, co-CEO of Ratehub.ca and CanWise president, believes borrowers cannot afford to be complacent about future interest rates. The Bank has indicated that it is willing to raise rates again if economic indicators do not turn out as expected. Laird advises…

Experts are divided on the potential impact of the Bank of Canada's (BoC) decision to pause interest rate hikes on the real estate market. During the previous pause, home prices experienced a surge, however, this time around there are factors such as increased inventory, a softer job market, and higher mortgage rates that suggest a…

National Day for Truth and Reconciliation honours survivors and raises awareness about their experiences. It's a symbol of Canada's commitment to reconciliation with Indigenous communities. Wearing orange shirts on this day symbolizes respect for survivors and raises awareness about residential schools. May this day inspire a future where every voice is heard, and every spirit…

Landbanking activities are expected to increase. That is because developers aim to expand offerings for the affordable market segment. Also, the property market is likely to witness a rise in merger and acquisition activity.

CREA expects a 6.8% yearly decrease in home sales for end 2023. The forecast now predicts 516,043 properties being sold in 2024.

When considering whether to rent or buy in Canada, it is recommended to seek advice from a Real Estate agent. Renting offers flexibility, with maintenance and repairs often included in the rent, and tenants have legal rights and protections. Buying a home offers stability and a long-term investment, with the potential for significant gains and…