Blog
May 25, 2022
Monthly payment for new mortgage on a typical home is up nearly $800 from October, one analysis shows
Globe and Mail ~ May 23rd, 2022 For more than a decade, the biggest financial obstacle for many homebuyers in pricey markets was coming up with the cash for a down payment. But with rapidly rising borrowing costs, being able to afford mortgage payments is increasingly becoming an additional hurdle. […]
May 19, 2022
Canada’s banking regulator to tighten mortgage-HELOC rules to curb rising homeowner debt
Globe and Mail ~ May 19th, 2022 Will potential changes to the mortgage – HELOC rules impact you? The trendiest type of home equity line of credit is in the crosshairs of Canada’s banking regulator, which is looking to curb risky borrowing as rising interest rates put added pressure on […]
May 13, 2022
As housing market cools, surburban home prices and sales are dropping faster than the downtown core
After Torontonians flocked to the suburbs, experts say the pandemic-fueled balloon outside the downtown core is starting to deflate as the cost of borrowing rises and offices reopen their doors. Click here to read the full article.
May 5, 2022
10 Reasons Why Homebuyers May Not Qualify for the Best Rates
Why do homebuyers not qualify for the mortgage rate they thought they would? Here are some of the more common reasons why homebuyers who expect to qualify are later refused, or aren’t able to secure the best market rates. Click here to read the full article.
May 1, 2022
Transparency must not be optional when blind bidding for homes
Financial Post ~ April 25th, 2022 The real estate industry and the provinces are mindful that the federal government is likely to act soon on its electoral promise to ban blind bidding. Recently, Ahmed Hussen, the Minister of Housing and Diversity and Inclusion, revealed plans to unveil a Home Buyers’ […]
April 5, 2022
The divide between housing haves and have-nots is growing – will a politician exploit it?
Globe and Mail ~ March 28th, 2022 Without a blistering correction in the real estate market, a growing number of people will never own a house. Expect them to be angry about it. In fact, anger among young adults about the declining affordability of owning a home is already building. […]
March 2, 2022
Bank of Canada hikes key interest rate to 0.5%
The Bank of Canada raised its benchmark interest rate to 0.5 per cent on Wednesday, a move that’s expected to be the first of a series of small rate hikes this year in an attempt to tame inflation that has risen to its highest point in decades. It’s the first time […]
November 23, 2021
Are you in a position to accelerate retirement plans?
Real estate prices across the country have been on a tear with MLS Home Price Index benchmark prices up nationally by 13.9 percent year over year in September, according to the Canadian Real Estate Association (CREA). For those in a position to capitalize, the increase in real estate wealth offers […]
November 23, 2021
November Home Maintenance Tips
With winter quickly approaching, November is the perfect month to tackle those tedious, yet critical tasks that keep your home well maintained and moreover, safe. Here are a few home maintenance tips we recommend you tackle this November. Drain all exterior hoses. Service snowblower. Rake your leaves and clean out […]
November 23, 2021
Housing Market Reaching Record Highs in 2021
The year is not yet over, but the Canadian Real Estate Association says 2021 was the busiest year ever for Canada’s housing market, with average selling prices climbing too. In the early days of the COVID-19 pandemic, fear and uncertainty slowed the housing market to a crawl. But ever since […]
