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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…

Condominiums can often be a more affordable option than single-family homes, especially when housing prices are skyrocketing or you’re looking to settle in an expensive city. However, before buying a condo, you need to consider that condos usually have a written set of rules. They could mean the difference between finding your dream home and…

The average selling price for homes sold in the Ontario real estate market in July was $837,685. With mortgage rates where they are and the applicable taxes, fees, and regulatory costs, prospective homebuyers will endure a hefty final price tag. But when you break it down, how much are you spending per square foot to…

Picture yourself standing on an empty plot of land, imagining your dream home. You might flip through magazines, browse online galleries, or visit display homes to get a sense of what you want. Now think about walking through an already-built house, feeling the space, and knowing exactly what you’re getting. Each option – pre-built or…

Does climate change affect your home-buying decisions? If so, you are not alone, according to a recent report. This past spring, BMO released the results of a study that found climate change is impacting how we engage in the Canadian real estate market. The bank’s report discovered that more than one-third (39 per cent) of…

Whatever happened to the 3-bedroom condo? This has become a mystery in the Canadian real estate sector and local housing markets across the country. Decades ago, it was more common to come across 3-bedroom units as the post-war construction boom facilitated the growth of new families. Fast-forward to the present. Finding 3-bedroom condos is like…