Are ultralow interest rates to blame?   More than three-quarters of Canadians (77%) believe home prices in suburban and rural areas have risen to unsustainable levels, and most feel that ultra-low interest rates are to blame. A full 8 out of 10 people say low borrowing costs are to blame for the recent run-up in […]

The Transition from Summer Vacation to Back to School can be a tough one for all of us! These tips will make the back to school transition easier for you and your child. 1 / 14 JACKF/GETTY IMAGES Back to School Shopping Get your kids involved in back to school shopping and it won’t seem like such a chore. […]

Canada’s inflation rate came in above expectations last week, rising to its highest level in more than a decade. If above-target inflation persists, it could have ramifications for homeowners in the form of shifting rate-hike expectations. Canada’s inflation rate came in burning hot at 3.7% for July, according to data released by Statistics Canada. That’s […]

Roll With It. Fitness trainer Mandy Gill makes the case for Summer Salad Rolls! Call them spring rolls, summer rolls, salad rolls, fresh rolls—the common denominator is that we’re certain these are the only kind of rolls you’ll want this summer. This easy-to-make recipe, bursting with flavour, can be served as a side dish at […]

These around-the-house upgrades and improvements make great investments. The timing for a home upgrade or major house improvement project may never be ideal, but now—when you’re at home most of the time and able to receive deliveries, keep an eye on progress, and do some DIY work when you have a few hours—is as good […]

Mortgage Debt still on the rise. Mortgage debt in Canada soared above $1.7 trillion in June, growing at a monthly pace never before seen, according to Statistics Canada. The new figures show mortgage debt grew 9.2% compared to the same time last year, a pace not seen since 2008, and jumped 1.37% since May, which […]

Annual Inflation Hits 3.7% in Canada–A New Election Issue This morning’s Stats Canada release showed that the July CPI surged to a 3.7% year-over-year pace, well above the 3.1% pace recorded in June. This is now the fourth consecutive month in which inflation is above the1% to 3% target band of the Bank of Canada. […]

Canadian Housing Sales Continue to cool down in July. Today the Canadian Real Estate Association (CREA) released statistics showing national existing home sales fell 3.5% nationally from June to July 2021–the fourth consecutive monthly decline. Over the same period, the number of newly listed properties dropped 8.8%, and the MLS Home Price Index rose 0.6% and was up […]

Get the Scoop on Rental Properties You might be surprised to learn that you don’t need to be one of the uber rich or make six figures to have a second property. You just need to have knowledge, determination and financial planning! If you are purchasing a secondary property with the intention to rent, here […]

More Millennials Buying more than one Property A new survey by realtor Royal Lepage suggests a significant number of Canadians own two or more properties.  It further suggests the majority of those people are renting them out, and Millennials are getting in on the action. The company focused on homeowners in Canada’s three, biggest urban […]