9/17/2021 | Posted in Home Owners by Catherine Methven
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There can be tax consequences when you convert your home, or part of it, into a rental ... More

Real Estate & Mortgage News

  7/29/2021 | Posted in Canadian Housing Market by Catherine Methven
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New report highlights how equity in owners’ primary residence has facilitated their investments. ... More

Real Estate & Mortgage News

  6/1/2021 | Posted in Home Owners by Catherine Methven
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The federal government has launched a new program that offers homeowners grants to retrofit their homes and make them more energy efficient. ... More

Real Estate & Mortgage News

  4/27/2021 | Posted in Home Owners by Catherine Methven
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If you’re like most Canadians, you’re more likely to tackle a home renovation than sell your current house and buy another or purchase an investment property. ... More

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  4/14/2021 | Posted in Home Owners by Catherine Methven
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According to Equifax, last year there were 900,000 deferred mortgages and 1.2 million deferred credit card payments. ... 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

Real Estate & Mortgage News

  2/25/2021 | Posted in Mortgages and Real Estate by Catherine Methven
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Most homeowners who sought deferrals for mortgages last year have seen their deferral periods end, but CMHC says the risk of these borrowers falling into arrears could ... More

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  1/27/2021 | Posted in Mortgages and Real Estate by Catherine Methven
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High numbers correlate with those most severely hit by unemployment ... More

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  1/16/2021 | Posted in Ontario News by Catherine Methven
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Ontario homeowners who haven’t started work on their renovation projects as of Jan. 12 will have to put their plans on hold under the province’s new construction ... More

Real Estate & Mortgage News

  1/4/2021 | Posted in Home Owners by Catherine Methven
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The feds plan to provide homeowners with up to $5,000 in grants and one million free EnerGuide assessments to make their homes more energy efficient. ... More

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  9/15/2020 | Posted in Home Maintenance by Catherine Methven
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A new kitchen characteristic has eased into home owners’ lists of must-haves since we all started staying home. ... More

Real Estate & Mortgage News

  8/31/2020 | Posted in Canada Living by Catherine Methven
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Canada's federal banking regulator is phasing out requirements around mortgage deferrals for homeowners hard-hit financially by the COVID-19 pandemic. As of July 30, there ... More

Real Estate & Mortgage News

  8/18/2020 | Posted in Canada Living by Catherine Methven
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"A home equity tax would be unfair and hurtful to Canadians during the best of times, but at this very moment – during a global pandemic – it is reckless", ... More

Real Estate & Mortgage News

  8/11/2020 | Posted in Canada Living by Catherine Methven
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Canadians spent an estimated $80 billion on renovations in 2019, and plan to take a bit of breather this year because of COVID-19. ... More

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  7/28/2020 | Posted in Canadian Housing Market by Catherine Methven
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This fall, loan payments unemployed borrowers kicked down the road must start being repaid again, plus interest ... More

Real Estate & Mortgage News

  3/27/2020 | Posted in Home Owners by Catherine Methven
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It's very likely that COVID-19 will shatter Ontario's municipalities' budgets, and without provincial or federal help they will have no option but to increase the ... More

Real Estate & Mortgage News

  6/5/2019 | Posted in Home Owners by Catherine Methven
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Canadian homeowners continue to cut back on home renovation spending in 2019: CIBC Poll ... More

Real Estate & Mortgage News

  4/30/2019 | Posted in Home Sellers by Catherine Methven
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Homeowners wanting to maximize the appraisal value of their home should think about outside space. ... More

Real Estate & Mortgage News

  3/6/2019 | Posted in Canadian Housing Market by Catherine Methven
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Homeownership rates in Canada remain among the highest in the world despite housing affordability concerns across the country, according to the Royal Bank of Canada (RBC). ... More

Real Estate & Mortgage News

  3/3/2019 | Posted in Canadian Housing Market by Catherine Methven
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The cost of rental housing jumped by the most in 30 years in January, according to Statistics Canada data. ... More

Real Estate & Mortgage News

  11/6/2018 | Posted in Mortgages and Real Estate by Catherine Methven
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As Canadian mortgages come up for renewal, many households are starting to experience what TD Economics has dubbed a “completely new phenomenon” – higher ... More

Real Estate & Mortgage News

  7/27/2018 | Posted in Home Owners by Catherine Methven
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Canadians spent nearly $78bln on renovations last year, but a slower sales cycle could impact that figure. ... More

Real Estate & Mortgage News

  7/18/2018 | Posted in Mortgages and Real Estate by Catherine Methven
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A reverse mortgage can be a solution for some cash-strapped retirees, but it comes at a steep cost. ... More

Real Estate & Mortgage News

  6/1/2018 | Posted in Home Owners by Catherine Methven
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Spending drops as much as 25 per cent in some provinces as more homeowners focus on wear and tear. ... More

Real Estate & Mortgage News

  5/9/2018 | Posted in Canadian Housing Market by Catherine Methven
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Almost six in 10 Canadian millennials are already homeowners, with more of this age group planning to buy a home in the next two years, according to a Genworth Canada survey ... More

Real Estate & Mortgage News

  1/19/2018 | Posted in Mortgages and Real Estate by Catherine Methven
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The Bank of Canada’s decision to raise its benchmark rate to 1.25% earlier this week will make renewals a significantly more daunting prospect for mortgage holders. ... More

Real Estate & Mortgage News

  12/21/2017 | Posted in Foreign Buyers by Catherine Methven
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Foreign buyers make up a minuscule portion of the overall housing market in this country, new research shows, but what they own is more expensive and newer than the average ... More

Real Estate & Mortgage News

  12/8/2017 | Posted in Financial Health by Catherine Methven
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Canadian families increased their net worth by 14.7% in the four years from 2012-2016 according to new data from Statistics Canada. ... More

Real Estate & Mortgage News

  11/24/2017 | Posted in Mortgages and Real Estate by Catherine Methven
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More than half of Canadians say they have good knowledge of debt management, yet many Canadians who hold a mortgage don’t believe they’re in debt at all. ... More

Real Estate & Mortgage News

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