Buying Your First Home: Are You Ready Financially?

If you’re thinking about buying a home, you’ve probably asked yourself, “How much can I afford?” But that’s just the tip of the iceberg. The real question of affordability isn’t just about the listing price; it’s a mix of your…

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Buying Foreclosed Properties: What You Need to Know

Embarking on the journey of buying a foreclosed property in Canada can be a venture filled with potential rewards and inherent risks. Foreclosed properties, often referred to as real estate-owned (REO) properties, are homes that have been repossessed by lenders…

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Subprime Borrowing Accelerates in Canada

Market observers are turning heads and raising eyebrows from a new TransUnion Canada report, revealing a substantial surge in subprime borrowing in the second quarter. The current climate of exceptionally high debt loads and deteriorating credit quality is beginning to…

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Housing Nearly 40% of All of Canada’s GDP

It is no secret that the Canadian real estate market represents a large portion of the national economy and household wealth. From 2017 to 2021, the investment in dwellings as a percentage of total gross fixed capital formation was north…

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