“It is going to put the dream of home ownership in reach for more young Canadians,” Freeland told reporters Monday, announcing changes she said will come into force…
Read more What is the price cap for insured mortgages in Canada? – MoneySenseA report by TD economist Rishi Sondhi said sales activity hasn’t been absorbing supply fast enough, with July condo resales in the GTA down 25% from pre-pandemic levels.…
Read more High borrowing costs, record completions lead to condo oversupply – MoneySenseAre more rate cuts likely? In announcing the rate cut Wednesday, Bank of Canada governor Tiff Macklem said if inflation continues to ease broadly in line with the…
Read more Variable mortgage rates regaining traction as Bank of Canada cuts rates – MoneySenseLate last year, changes to Ontario’s real estate legislation, the Trust in Real Estate Services Act (TRESA), came into effect, making open bidding legal in Ontario. (Real estate…
Read more Open bidding in Ontario: Game-changer or business as usual? – MoneySenseLoan forgiveness is an option If you loan money to a child, you can forgive the loan during your life or upon your death. Of course, you should…
Read more A parents’ guide to home down payment gifts and loans – MoneySenseEarlier this year, the HBP got a significant makeover. Here’s what’s new about the HBP, plus how you can use it together with other savings tools: a first…
Read more How changes to the Home Buyers’ Plan could affect your down payment – MoneySenseBefore locking into a familial loan, both parties must assess whether they are on the same page and are in a position to take on this type of…
Read more 6 things to consider before borrowing from the Bank of Mom and Dad for your first home – MoneySenseFor most Canadians, using a broker is the wisest choice to save money, as they have access to a wider selection of products and should have more experience…
Read more Mortgage broker vs. bank—which will save you more money? – MoneySenseFor more information on real estate trends and the top neighbourhoods in each region, as well as insights on the top-ranked regions nationally, return to the national page…
Read more Where to Buy Real Estate in Canada 2024: Neighbourhood data – MoneySenseBest places to buy real estate in Vancouver In the table below, you’ll find the best Vancouver neighbourhoods for real estate purchases. To view all the data, slide…
Read more Best places to buy real estate in Vancouver – MoneySenseBetween December and January, the benchmark home prices in Port Coquitlam and Coquitlam increased by about 3% and 2%, respectively. In Port Moody, the benchmark home price dipped…
Read more Best places to buy real estate in Metro Vancouver – MoneySenseTop three neighbourhoods in York Region 1. Vinegar Hill, Markham Nestled in Markham, Vinegar Hill is encompassed by Highway 7 to the north, Highway 407 to the south,…
Read more Best places to buy real estate in the Greater Toronto Area – MoneySenseBest places to buy real estate in Halifax In the table below, you’ll find the top Halifax neighbourhoods for real estate purchases. To view all the data, slide…
Read more Best places to buy real estate in Halifax in 2024 – MoneySenseThe agency released its biannual housing supply report on Wednesday, which showed combined housing starts in the Toronto, Vancouver, Montreal, Calgary, Edmonton and Ottawa regions dipped 0.5% compared…
Read more Housing starts stable in 2023, but demand still outpaces growing supply of apartments – MoneySenseHOUSTON, Texas — The real estate market is still a tough sell for first-time home buyers. The country is experiencing the highest mortgage rates and home prices in…
Read more Gen Z and millennials look to relatives for down payment fundingThe credit lets home owners claim 15% of the renovation cost up to a maximum of $50,000, potentially allowing them to subtract as much as $7,500 from their…
Read more Tax changes to know about for 2023, from home offices to house flipping – MoneySenseWhat are your options if you find yourself in this situation? Let’s look at the intricacies of buying a pre-construction home in Canada, why some buyers are having…
Read more Buying pre-construction: What if your home is worth less than you paid? – MoneySenseIt’s been a tough time for home owners (and first-time home buyers), but the Bank of Canada (BoC) has held interest rates steady since July 2023, and the…
Read more Fixed or variable mortgage rate: Which should you choose in 2024? – MoneySenseI don’t expect real estate prices to rise at the same 6.75% rate we have seen over the past 10 years, so instead, let’s say prices rise at…
Read more Renting vs. owning: Can you be financially secure without buying a home? – MoneySenseFortunately, there are a number of ways to save for a down payment on your first home, including the first home savings account (FHSA). This registered account was…
Read more Your FHSA timeline: What to invest in and when – MoneySense
