The condominium market is on fire, especially in the major urban centres in the Canadian real estate market. After a deep decline in the first year of the coronavirus pandemic, driven by evolving consumer trends, the condo market has enjoyed an exceptional turnaround. Some housing market analysts think that 2022 could even be a record-breaking…

The Bank of Canada (BoC) has said it will be use its monetary policy to tamp down inflation, which currently sits at a 30-year high, joining the chorus of central banks worldwide trying to grapple with the rapidly escalating cost of living. So far this year, the BoC has already moved forward with rising interest…

Over the last couple of years, blind bidding has become one of the more controversial practices emanating from the Canadian real estate market. This is a practice where homebuyers bid on a residential property listing without knowing what the competing offers are. While it is most common in the major urban centres, blind bidding has…

Housing and affordability are top priorities for Ontarians and became campaign drivers in the lead-up to the provincial election on June 2, which saw the Progressive Conservative Party claim victory with a majority win. With the Ontario housing market suffering from critically low supply, high prices and home ownership creeping (or as some might describe…

Homebuyers must overcome a series of hurdles in the Canadian real estate market in order to purchase a home. In addition to soaring average selling prices nationwide, homebuyers will also endure limited supply, fierce competition and rising interest rates. But there is another challenge that homebuyers will inevitably face as they comb through the housing…

The Atlantic Canada real estate market continues to be one of the most impressive success stories of the last two years, and the country’s eastern seaboard has earned its exceptional gains. For decades, the east coast had suffered from a population exodus, a lackluster economy and a quiet housing market. This all changed in the…

The world of real estate can be a little confusing. With so many players involved in the process of buying a home, keeping everyone’s role straight can be a little challenging. However, by educating yourself on what each professional does and how they can each help you on your home-buying journey, you can make sure…

Bank of Canada Interest Rate Announcement Raises It Another 0.5% on June 1 This morning’s interest rate announcement by the Bank of Canada reveals another 50-basis-point hike to the key rate, bringing it up to 1.5 per cent. This is the third in a series of increases expected in 2022, with the year kicking off…

It takes credit to build credit ­– most of us have heard this at some point in our early years of adulthood. Some of us heard it when we got our first credit card; others when they went to apply for a loan of some type and realized they didn’t have a credit score. The…

Are modern houses more energy-efficient? Though this wasn’t a question that many homeowners considered decades ago, we’ve reached a point – both socially and technologically – where energy efficiency has become a real consideration and priority in building houses. With the effects of climate change on the rise, Canadians have become more and more invested…