11/25/2021 | Posted in Canadian Housing Market by Catherine Methven
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With real estate prices continuing to rise in Canada, having a financial leg up from the Bank of Mom and Dad is a significant advantage in today’s market. ... More

Real Estate & Mortgage News

  11/22/2021 | Posted in Home Buyers by Catherine Methven
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Canada’s red-hot housing markets could cool down in the second half of next year, according to a prominent Bay Street economist, as many buyers rush to buy now before the ... More

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  11/9/2021 | Posted in Home Buyers by Catherine Methven
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When it comes to Ontario homeowners, a mere 11.4% of young adults across the province own their own homes. ... More

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  11/2/2021 | Posted in Mortgage Interest Rates by Catherine Methven
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A prominent Bay Street economist said homebuyers should start preparing sooner rather than later. ... More

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  10/25/2021 | Posted in Home Buyers by Catherine Methven
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Roughly 30 per cent of first-time homebuyers and nearly nine per cent of existing homeowners received financial help from family this past year to purchase a house. ... More

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  10/15/2021 | Posted in Canadian Housing Market by Catherine Methven
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Popularity of variable-rate mortgages expected to grow further, overturning a trend that has been in place for over a decade. ... More

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  9/28/2021 | Posted in Mortgage Interest Rates by Catherine Methven
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Bond yields rose sharply on Monday in the U.S. and Canada, and bond yields typically lead fixed mortgage rates. ... More

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  9/22/2021 | Posted in First Time Home Buyers by Catherine Methven
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This buyer cohort also makes more expensive residential moves, on average ... More

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  9/20/2021 | Posted in Home Buyers by Catherine Methven
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New arrivals may further stress Canada’s already tight housing markets ... More

Real Estate & Mortgage News

  8/23/2021 | Posted in First Time Home Buyers by Catherine Methven
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Politicians are zeroing in on ways that just might make the dream of owning a home that much easier. ... More

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  8/4/2021 | Posted in Home Buyers by Catherine Methven
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Skyrocketing housing prices in 2021 are driving up how long it would take for homebuyers to save for a down payment, new data shows. ... More

Real Estate & Mortgage News

  7/9/2021 | Posted in Canadian Housing Market by Catherine Methven
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A growing number of Canadians, particularly renters, are planning to buy a home in the next 12 months amid the national economy’s steady recovery, according to a new ... More

Real Estate & Mortgage News

  5/20/2021 | Posted in Home Buyers by Catherine Methven
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Canada’s banking watchdog is confirming it will apply tighter rules to the so-called mortgage stress test, effective June 01. ... More

Real Estate & Mortgage News

  5/17/2021 | Posted in Toronto Real Estate by Catherine Methven
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First-time homebuyers are getting more anxious about the market. ... More

Real Estate & Mortgage News

  5/6/2021 | Posted in Home Buyers by Catherine Methven
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Whether you’re starting your home search or you just bid on the place of your dreams, getting denied for a mortgage will stop you cold. ... More

Real Estate & Mortgage News

  5/5/2021 | Posted in Canadian Housing Market by Catherine Methven
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Housing affordability in Canada has declined the most in two years ... More

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  5/4/2021 | Posted in First Time Home Buyers by Catherine Methven
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Long-awaited tweaks to the government’s First-Time Home Buyer Incentive came into effect on Monday. ... More

Real Estate & Mortgage News

  5/1/2021 | Posted in Mortgage Advice by Catherine Methven
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Many Canadians are under the assumption their mortgage is as good as done once they have a mortgage pre-approval. ... More

Real Estate & Mortgage News

  4/30/2021 | Posted in Home Buyers by Catherine Methven
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Effective June 1, the federal mortgage stress test increases to 5.25 per cent, or about four times higher than what major lenders are actually charging ... More

Real Estate & Mortgage News

  4/27/2021 | Posted in First Time Home Buyers by Catherine Methven
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Effective May 3, 2021, the Federal Government will be expanding the First Time Home Buyer Incentive program to enhance eligibility in Toronto, Vancouver and Victoria Census ... More

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  4/23/2021 | Posted in First Time Home Buyers by Catherine Methven
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The mass urban exodus that has been observed in Toronto and across Canada throughout the pandemic doesn't appear to be slowing down anytime soon, and a new survey confirms ... More

Real Estate & Mortgage News

  4/22/2021 | Posted in Home Sellers by Catherine Methven
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Home prices in many Canadian markets have climbed to records during the pandemic, but it seems the majority of homeowners are planning to stay the course, and haven’t yet ... More

Real Estate & Mortgage News

  4/20/2021 | Posted in First Time Home Buyers by Catherine Methven
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The ongoing surge in home prices across the country is discouraging a large number of young non-homeowners, many of whom say they’re giving up on the dream of homeownership ... More

Real Estate & Mortgage News

  4/13/2021 | Posted in First Time Home Buyers by Catherine Methven
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Real estate prices in many Canadian cities have climbed to all-time highs during the pandemic, so it should come as no surprise that some Canadians appear ready to give up on ... More

Real Estate & Mortgage News

  4/8/2021 | Posted in Home Buyers by Catherine Methven
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One in five Canadians are hoping for a significant fall in housing prices, a sign of the mounting frustration felt by many people looking to get into the country's hot ... More

Real Estate & Mortgage News

  3/7/2021 | Posted in Home Buyers by Catherine Methven
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Amid a hot housing market in major Canadian cities that has pushed ownership further out of reach for young first-time prospective home buyers, there are increasing calls for the ... More

Real Estate & Mortgage News

  2/26/2021 | Posted in Home Owners by Catherine Methven
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Nearly half of Canadians aged 25 to 35 own their home; one quarter of these homeowners have purchased a property since the onset of the COVID-19 pandemic, while 52% say remote ... More

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  2/14/2021 | Posted in Home Buyers by Catherine Methven
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The share of renters who are planning to buy has quadrupled, and what they want to buy is changing. ... More

Real Estate & Mortgage News

  2/4/2021 | Posted in Home Buyers by Catherine Methven
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Got 34 years to save up for a house? The threshold every buyer has to meet to own a home ― the minimum down payment ― has reached Canada’s highest level on ... More

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