Buying a Home with Tenants in Ontario

You have found the ideal home. It could be the home you want to live in or one you’re hoping to use as an income property. It could be a condo, house or duplex. There’s just one issue – there are renters already living there. What do you do with the existing tenants? Buying a…

A Spotlight on the Sudbury Real Estate Market

For years, Northern Ontario has taken a backseat for public policymakers. Be it the lack of economic opportunities or infrastructure, Northern Ontario has been a land rich in potential, but it could not seem to advance to the next level. However, the area has experienced significant change since the start of the pandemic, when major…

How Will Higher Interest Rates Impact My Mortgage?

How will higher interest rates impact my mortgage? It’s a question more homebuyers and homeowners are asking, in the wake of the Bank of Canada’s recent interest rate hikes. We consider many variables in life before making any big decision, and one of the most important ones to think about when buying a home is…

Best Cities to Live in BC

They say the “west coast is the best coast.” If that is true, what are some of the best cities to live in BC? As Canada’s most western province, British Columbia attracts plenty of people from other part of Canada who want to be close to the mountains and the fresh ocean air. Sitting just…

Making Home Renovation Tax Credits Work for You

Home renovation projects have become quite common throughout the Canadian real estate market. Whether because people are staying home more now or they want to be more environmentally friendly, people are jumping on the renovation bandwagon. Whether indoors or out, there are many things you can do to revitalize your home. In an environment of…

These “Small” Canadian Real Estate Markets Are Booming

Liveability in small Canadian real estate markets eclipses relative affordability Price growth expected in all small markets analyzed, with average increases ranging from 3% to 20% in some areas Quality of life factors, or “liveability,” are drawing many Canadian homebuyers to small markets (40 per cent); followed by housing affordability (37 per cent) More than…

Nova Scotia Real Estate Down Payment Assistance Program Helps Buyers

The Nova Scotia real estate market is leading the Atlantic Canada housing boom. After about three decades of stagnant economic growth, a population exodus and a quiet real estate market, Canada’s eastern seaboard is experiencing enormous growth on many economic fronts. The most notable gain in this part of the country, including Nova Scotia, has…

Moving to Northern Canada

Canada is, geographically speaking, one of the largest countries on Earth. With a landmass of 9.985 million km², it is the second-largest country in the world. However, Canada is not densely populated due to a relatively low population compared to its landmass. In fact, it is the country with one of the lowest population densities…

Canadian Real Estate May Stabilize With Higher Interest Rates

Interest rate increases at a reasonable schedule of four times a year would create a stable and more relaxed environment for Canada real estate over the next five years How might the affordability of real estate in Canada be impacted if interest rates continue to climb over the next five years? It could be good…

Bank of Canada Interest Rate Announcement: Another 0.5% Hike

Bank of Canada Raises Interest Rate Another 0.5% on April 13 The Bank of Canada has raised its key interest by another 50 basis points in this morning’s announcement, bringing it up to one per cent. This is the second in an expected series of rate hikes slated for 2022, and the biggest single increase…