5/30/2024 | Posted in Home Owners by Kelly Healy
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A recent study on Statistics Canada data shines light on trend ... More

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  11/9/2023 | Posted in Mortgages and Real Estate by Kelly Healy
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Residential mortgage debt in Canada totalled $2.14 trillion as of August this year, up by 3.4% compared with the same month in 2022 as the value of uninsured mortgages outstanding ... More

Real Estate & Mortgage News

  11/1/2023 | Posted in Canadian Economy and Interest Rates by Kelly Healy
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Bank of Canada governor Tiff Macklem says the central bank held its key interest rate at five per cent in part because of the effect a wave of upcoming mortgage renewals is ... More

Real Estate & Mortgage News

  10/31/2023 | Posted in Mortgages and Real Estate by Kelly Healy
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Canadian homeowners are facing a significant payment shock on their mortgages unless interest rates decline in the coming years, according to a new Royal Bank of Canada (RBC) ... More

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  10/18/2023 | Posted in Home Owners by Kelly Healy
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Police forces and legal experts in Ontario are pushing for the provincial government to make legislative changes that would reduce elaborate fraud scams targeting homeowners. ... More

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  10/2/2023 | Posted in Home Owners by Kelly Healy
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With interest rates increasingly expected to stay higher for longer, many of the homeowners who locked in low rates years ago are likely bracing themselves for financial pain as ... More

Real Estate & Mortgage News

  9/14/2023 | Posted in Mortgages and Real Estate by Kelly Healy
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Canadian mortgage borrowers continued to see their interest costs climb in the second quarter, which have now soared over 80% since the Bank of Canada started raising interest ... More

Real Estate & Mortgage News

  3/27/2020 | Posted in Home Owners by Kelly Healy
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It's very likely that COVID-19 will shatter Ontario's municipalities' budgets, and without provincial or federal help they will have no option but to increase the ... More

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  6/5/2019 | Posted in Home Owners by Kelly Healy
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Canadian homeowners continue to cut back on home renovation spending in 2019: CIBC Poll ... More

Real Estate & Mortgage News

  4/30/2019 | Posted in Home Sellers by Kelly Healy
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Homeowners wanting to maximize the appraisal value of their home should think about outside space. ... More

Real Estate & Mortgage News

  3/6/2019 | Posted in Canadian Housing Market by Kelly Healy
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Homeownership rates in Canada remain among the highest in the world despite housing affordability concerns across the country, according to the Royal Bank of Canada (RBC). ... More

Real Estate & Mortgage News

  3/3/2019 | Posted in Canadian Housing Market by Kelly Healy
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The cost of rental housing jumped by the most in 30 years in January, according to Statistics Canada data. ... More

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  11/6/2018 | Posted in Mortgages and Real Estate by Kelly Healy
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As Canadian mortgages come up for renewal, many households are starting to experience what TD Economics has dubbed a “completely new phenomenon” – higher ... More

Real Estate & Mortgage News

  7/27/2018 | Posted in Home Owners by Kelly Healy
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Canadians spent nearly $78bln on renovations last year, but a slower sales cycle could impact that figure. ... More

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  7/18/2018 | Posted in Mortgages and Real Estate by Kelly Healy
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A reverse mortgage can be a solution for some cash-strapped retirees, but it comes at a steep cost. ... More

Real Estate & Mortgage News

  6/1/2018 | Posted in Home Owners by Kelly Healy
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Spending drops as much as 25 per cent in some provinces as more homeowners focus on wear and tear. ... More

Real Estate & Mortgage News

  5/9/2018 | Posted in Canadian Housing Market by Kelly Healy
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Almost six in 10 Canadian millennials are already homeowners, with more of this age group planning to buy a home in the next two years, according to a Genworth Canada survey ... More

Real Estate & Mortgage News

  1/19/2018 | Posted in Mortgages and Real Estate by Kelly Healy
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The Bank of Canada’s decision to raise its benchmark rate to 1.25% earlier this week will make renewals a significantly more daunting prospect for mortgage holders. ... More

Real Estate & Mortgage News

  12/21/2017 | Posted in Foreign Buyers by Kelly Healy
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Foreign buyers make up a minuscule portion of the overall housing market in this country, new research shows, but what they own is more expensive and newer than the average ... More

Real Estate & Mortgage News

  12/8/2017 | Posted in Financial Health by Kelly Healy
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Canadian families increased their net worth by 14.7% in the four years from 2012-2016 according to new data from Statistics Canada. ... More

Real Estate & Mortgage News

  11/24/2017 | Posted in Mortgages and Real Estate by Kelly Healy
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More than half of Canadians say they have good knowledge of debt management, yet many Canadians who hold a mortgage don’t believe they’re in debt at all. ... More

Real Estate & Mortgage News

  9/27/2017 | Posted in Ontario News by Kelly Healy
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A large share of homeowners in Ontario are counting on home values increasing to ensure they have sufficient retirement funds. ... More

Real Estate & Mortgage News

  8/25/2017 | Posted in GTA Real Estate by Kelly Healy
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The basic lesson: A property is worth what a buyer is willing to pay ... More

Real Estate & Mortgage News

  8/9/2017 | Posted in Mortgage News by Kelly Healy
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The number of new mortgages continued higher in 2016 but the share of first-time buyers slipped, CMHC says. The crown corporation reports that there were just over 1 million ... More

Real Estate & Mortgage News

  8/6/2017 | Posted in Home Owners by Kelly Healy
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A rental suite is a great way to help homeowners meet their mortgage payments at a time when home prices are creeping ever upward in some parts of Canada. ... More

Real Estate & Mortgage News

  6/22/2017 | Posted in Mortgages and Real Estate by Kelly Healy
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Homeowners with variable rate mortgages losing sleep over the increased chatter about a potential interest rate hike by the Bank of Canada should consider locking their rates in ... More

Real Estate & Mortgage News

  6/9/2017 | Posted in Financial Health by Kelly Healy
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A federal agency is warning consumers addicted to home equity lines of credit — a product increasingly driving debt — could find themselves at increased risk of ... More

Real Estate & Mortgage News

  5/30/2017 | Posted in Home Maintenance by Kelly Healy
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With average household debt and housing prices at record highs across Canada, a new poll by CIBC finds that a growing number of Canadian homeowners (48 per cent) are choosing to ... More

Real Estate & Mortgage News

  5/25/2017 | Posted in Financial Health by Kelly Healy
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Almost three quarters of Canadian homeowners would have difficulty paying their mortgage every month if their payments increased by as little as 10 per cent, a new survey from ... More

Real Estate & Mortgage News

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