Sorry, your browser doesn’t support embedded videos. What Qualifies as a First-Time Homebuyer in Canada? Owning a home is a dream for many Canadians. It symbolizes stability and a personal milestone. But for those buying a home for the first time, the process can feel a bit overwhelming. Knowing the basics helps make the journey…

Investing in a winter cottage in Canada can be a rewarding and financially sound decision, especially in sought-after locations like Muskoka, Ontario; Whistler, British Columbia; and Banff, Alberta. These areas are renowned for their natural beauty and winter activities, attracting tourists year-round and offering strong potential for rental income. If you’re searching for a winterized…

Single-family homes are emerging as a strong investment, even with mortgage rates currently near double their 10-year average. Unlike the volatility of tech stocks, a single-family home tends to offer more stable and predictable returns. Experts agree that this type of property is likely to appreciate faster than a multi-family home, driven by a significant…

A home is the biggest purchase most of us will ever make, so it’s only natural to feel a little intimidated by the negotiation process. This is particularly the case for first-time buyers. Here are some tips to help you approach the negotiation process that will help you minimize stress, stay within your budget and…

Gentrification is often seen as a controversial topic. The meaning of gentrification describes the process where wealthier individuals or groups move into historically lower-income neighbourhoods, driving economic and social changes. Defining gentrification involves recognizing how these newcomers, with more disposable income, attract businesses, services, and amenities that cater to their lifestyle. The influx of wealth…

Over the last few years, the costs in the nation’s capital have often led to questions such as, “Why is Ottawa so expensive?” Well, conditions are starting to improve modestly now that interest rates are coming down. The Bank of Canada (BoC) is beginning to cut interest rates, meaning that rates across the Canadian marketplace,…

Homeownership is a significant milestone for many Canadians, but with the rising costs in the housing market, getting into the real estate market is getting more difficult. The good news is that you’re not alone. There are government homebuying incentives in Canada designed to ease the financial burden and help make your dream of owning…

Benchmark Rate Now Sits at 3.75% In a widely expected move, the Bank of Canada has continued the downward trajectory with a jumbo half-point cut to its benchmark interest rate, which now sits at 3.75%. This marks the fourth interest rate cut in a row, thanks to cooling inflation, which fell to 1.6 per cent…

Choosing between an apartment vs. condo can be a challenging decision. Whether you’re looking for a new place to call home or simply exploring your housing options, it is helpful to understand the condo vs. apartment differences. Owning a condo and renting an apartment each come with advantages and drawbacks, and your decision can significantly…

Young families in the major urban centres of the Canadian real estate market have to contend with a tidal wave of financial challenges, particularly housing and childcare. Be it Toronto or Vancouver, low- and middle-income millennial families have very few home options other than smaller condominium units. In an environment of housing affordability woes, families…