As a result, those softening home prices made it easier to purchase property in the vast majority of Canadian urban markets; according to the latest study by Ratehub.ca,…
Read more How much income do you need to buy a home in Canada? A look at housing affordability in November 2025 – MoneySense1. Look for designated appraisers (AIC Members) The first and most important factor is credentials. Ensure the firm’s appraisers are designated members of the Appraisal Institute of Canada…
Read more How to choose the best appraisal firm – MoneySenseKey takeaways Strong offers balance price, financing strength, and clean terms. Sellers prefer certainty—limiting contingencies and offering flexibility can help. Emotional appeal and professional representation both play key…
Read more How To Convince a Seller To Accept Your OfferThe Toronto Regional Real Estate Board said the 5,592 homes sold last month was up 8.5% from September of last year, and up 2% on a seasonally adjusted…
Read more Sales up, prices down in GTA housing market – MoneySenseThe association said there were 40,257 home sales across the country last month, up 1.9% from 39,522 in August 2024. Home sales also rose 1.1% on a month-over-month…
Read more Canadian home sales hit four-year August high as fall market heats up – MoneySense“The most important thing to understand about co-signers is that if there are four people on the mortgage, each of them is not responsible for 25%; each one…
Read more Helping your kids buy a home? Why a cash gift may be safer than co-signing – MoneySenseA total of three rate cuts passed down from the Bank of Canada since June have cumulatively lowered the cost of borrowing for Canadians by 75 basis points,…
Read more Why are mortgages so expensive in Canada? – MoneySense17. 2018: Transitioning to more protectionist policies, the United States initiated a renegotiation of the North American Free Trade Agreement (NAFTA)—brought into force in 1994. The Canadian government…
Read more 25 personal finance highlights from the last 25 years – MoneySenseIn the company’s fall economic outlook released Thursday, it forecasts the central bank’s interest rate will fall to 3.75% by the end of this year and a neutral…
Read more Deloitte Canada predicts more economic growth, benchmark rate below 3% in 2025 – MoneySense“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 – MoneySenseBut picking a fixed mortgage rate can be problematic if you decide to sell your house and are forced to break your mortgage contract in the middle of…
Read more What is porting a mortgage in Canada—and when should you do it? – 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 – 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? – MoneySenseMy husband Martin and I met in Brussels in 2012, when I literally stepped on his toes at my neighborhood farmer’s market. At the time, I was working…
Read more Marine moved from the U.S. to Brussels with her family—our mortgage is under $3,000/month: Take a look insideThe new capital gains inclusion rate There has been speculation in recent years about an increase in the capital gains inclusion rate. Currently, one-half of a capital gain…
Read more Federal Budget 2024: How it will affect Canadians’ finances and taxes – 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 – MoneySense
