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Living with a roommate can have many benefits. It significantly reduces your rent and makes it possible to afford a larger apartment or live in a nicer neighbourhood. Even if you have great housemates who are respectful and clean up after themselves, there is one major downside when living in shared places – privacy. When…

Will a diverse housing supply cure the ailments of the Canadian real estate market? Over the last couple of years, market analysts and public policymakers have taken another look at the state of the nation’s housing sector. While some parts of the country enjoy diverse housing inventories, many places do not offer buyers and renters…

In the last few years, there has been consternation surrounding mortgages and residential property valuations. With the average 30-year fixed-rate mortgage between five and six percent, there have been some fears that there would be instability in the Canadian real estate market, especially for homeowners who acquired their homes at the peak of the pandemic-era…

Since the Bank of Canada (BoC) started raising interest rates about a year ago, economists and market analysts have been discussing the possibility of the country slipping into a recession. Recent economic data make both cases: the Canadian economy is on the brink of an economic downturn, and the nation will avert a recession. But…

Does the Ontario real estate market offer some of the best cities to live and work? Most definitely. In fact, the province has a little bit of everything: big cities, small towns, and areas in between. The province remains one of the most desired places to live in Canada today. It’s where millions of people, including…

For the last several years, foreign investors have viewed the Canadian real estate market as a terrific investment opportunity, particularly in the Toronto and Vancouver housing markets. But the prevalence of foreign homebuyers has led to charges by critics that they are removing supply from the housing market, forcing Canadian households to either sit on…

In recent years, Vancouver has faced a severe shortage of rental properties, and the lack of supply was driving up rental prices to unprecedented heights. The Empty Homes Tax was created to counter the problem with rental housing in the city of Vancouver. Since the implementation of the Empty Homes Tax, vacant properties in the…

64% of Canadians say that storage space is an important factor when buying a home, up from 57% in 2020. In today’s world, where urban living has become the norm, space has become a valuable commodity. As such, the ability to make the most out of the space available in our homes has become a…

For many buyers and sellers in the Canadian real estate market, trade-offs have been incorporated into the homebuying strategy. Working with their real estate agents, families are balancing must-haves with nice-to-haves, meaning that they are prioritizing what needs to be included – internally and externally – in the home. Since this is the most significant…

Buying a new home is an exciting experience, but sometimes things can go wrong. This is why the New Home Warranty for homeowners  in Alberta and BC is vital to understand. The New Home Warranty protects new homeowners against defects in materials, labour, and design, and it can help provide peace of mind for those…