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What is the state of the Toronto real estate market today?  As the Bank of Canada’s inflation-fighting tightening cycle hardly made a dent in one of the world’s largest and most expensive housing markets, prospective homebuyers might wonder when the best opportunity would be to acquire a residential property in this climate before prices surge…

Millions of Canadians are striving to achieve the dream of homeownership. Indeed, owning a home comes with many benefits. But, of course, the chief advantages are building equity, not paying rent, and doing what you want (for the most part) on your residential property. At the same time, homeowners possess several responsibilities beyond mortgage payments….

For years, Canada’s industrial real estate industry has played a vital role in the nation’s overall economic growth, supporting a wide range of fields that are the engines of domestic and international trade and commercial activities. Even in today’s financial climate, Canada enjoys post-pandemic economic stability, with industrial real estate being crucial to this growth….

Second quarter comeback was cut short by rate hikes; value-driven buyers drawn to detached housing as affordability improved Upward momentum served to mitigate the decline in values of detached houses in Toronto, Vancouver and Fraser Valley in the first half of the year, but average price fell short of last year’s levels in most neighbourhoods,…

The Canadian real estate market has seen significant price increases in recent years, particularly in major cities like Vancouver and Toronto. This growth has boosted home equity for many homeowners. With rising home values comes a noticeable uptick in home equity loans. Many homeowners are tapping into their home equity to finance everything from renovations…

When owning a house, focus is always placed on the home’s upper levels. Now we’re turning the tables and talking about the lower floor, the basement! Finishing a basement is a significant decision for homeowners, as it involves transforming an underutilized space into a functional and valuable part of the home. While basements often start…

Few things are as rewarding as growing your own food. Believe it or not, anyone can grow veggies at home, even when you live in an apartment. But there are a few things to keep in mind. To successfully grow vegetables in your condo, you need to plan for your space, choose the right plants…

Over the last couple of years, various surveys have revealed the same thing: prospective homeowners are concerned that they will be unable to buy a home because they cannot afford the down payment.  Indeed, with Canadian real estate prices way above their pre-pandemic highs, plus interest rates at their highest levels since the global financial…

Is it getting harder to be approved for a mortgage?  The Bank of Canada (BoC) keeps raising interest rates, and this is having a spillover effect on the mortgage market, meaning borrowers are paying more or being refused mortgages altogether.  The conventional five-year mortgage lending rate is inching closer to six percent again. This also…

What happens if you inherit some money after the passing of a distant relative? What happens if you receive a pay raise at your job? What happens if you win a handsome sum from the lottery or high-stakes poker? Typically, the fiscally responsible thing to do would be to use this extra cash to put toward…