Understand your housing options, choose your priorities and select your homebuying professionals. Think long term when buying a home. What kind of home do you need now? What will you need in 5 to 10 years? Consider: the location and neighbourhood the size of the property and home the type of home — for example, detached, […]Read more "Find the Right Home"
Are you financially ready to own a home? Look into these 5 calculations and questions before you meet with your broker or lender. Compare how much you currently spend on expenses and debt payments with the amount you have saved or invested. How much can you afford to spend on housing each month without risking your financial health? […]Read more "Are You Financially Ready to Own a Home?"
Buying a home is a big decision. Ask yourself 5 questions before you decide if you’re ready to own a home. Am I financially stable? Do I have the financial management skills and discipline to handle this large a purchase? Am I ready and able to take responsibility for all the costs that come with being a […]Read more "Decide if Homeownership is Right for You"
The government’s First-Time Home Buyer Incentive (FTHBI) comes into effect today. The program, aimed at making it easier for young people to buy their first home by lowering new buyers’ monthly mortgage payments. According to the program, which was introduced by the Liberals in their 2019 budget, the federal government will absorb five per cent […]Read more "Here’s what you need to know about the First-time Home Buyer Incentive"
Tens of Thousands of Empty Homes in Canadian Cities There’s an empty house problem in this country—1.34 million empty and temporarily occupied homes to be exact, with 66,000 in Toronto, 64,000 in Montreal and 25,000 in Vancouver. And the main culprits behind these high vacancy numbers are investor speculation and short-term rentals, according to a new […]Read more "The Latest in Mortgage News: Home Vacancy Rates Skyrocket"
#1 Update Outdoor Lighting In summer, winter nights are probably the last thing on your mind. But early summer is the perfect time to plan for those “OMG it’s only 4:30, and it’s already dark ” moments by adding or updating landscape lighting. The most energy-efficient, easy-to-install option is solar lighting, but it won’t perform […]Read more "Sharp Homeowners Know Summer Is the Best Time to Do These 5 Things"
Anyone looking for more proof a national housing market exists only in mortgage lenders’ vaults and bureaucratic hallways should review the June report from the Canadian Real Estate Association (CREA). Yes, mortgage providers, most operating across the country, must look at their businesses from a national perspective. If one area of the country is doing […]Read more "Revisions to the stress test would help slower housing markets"