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Is the performance of the Canadian real estate market based on fundamentals or speculation? And what about local markets, such as Peterborough real estate? Before the COVID-19 public health crisis, many financial experts argued that the housing market was in a bubble, consumed by too much speculation in the major urban centres, from the single-detached…

The average sales price for a home in the Canadian real estate market is around $740,000. Even when Toronto and Vancouver are removed from the equation, house prices are still more than $600,000. But believe it or not, there are still some places where you can buy a home for under $200,000. When the down…

Traditionally, cottage country had been an ecosystem of affordable recreational properties for both middle- and high-income families. Households would purchase a cabin in the woods, or a waterfront home to visit throughout the year and enjoy the sights and sounds of nature and a quieter pace. In the aftermath of the first wave of the…

Are the effects of the Bank of Canada’s (BoC) tightening cycle being felt in the Canadian real estate market? For at least two years and probably longer than that, the nation’s housing market has been sizzling, with nearly every pocket of the country experiencing soaring prices and impressive sales activity. The laws of supply and…

When purchasing a home, one of the first steps is finding out just how much mortgage you can afford. The mortgage amount is determined on several factors, such as how much debt you carry, what your income level and if you pass the mortgage stress test. Prospective buyers often consult with a number of lenders…

When first thinking about renovating our homes, we often get lost in daydreams and fantasies of new bathrooms, kitchens, walk-in closets, and a whole host of other great renovation ideas. Eventually, though, we come back to reality and the daunting thought of the cost associated with renovations. So, how do home renovations work? Let’s dig…

When housing markets begin to cool after record highs, some homebuyers get cold feet. Imagine you buy a home for $1.2 million. When it comes time to close after you have signed your purchase agreement, you notice a comparable home down the street sells for $855,000. What happens when a buyer backs out of a…

Soaring home prices across Canada can be worrying to some real estate investors. However, while places like Toronto and Vancouver have reported record highs, many markets in Alberta have risen more moderately. Here are some of the best places to buy real estate in Alberta, if you’re in the market. 6 best places to buy…

If you’re considering buying a cottage in Canada and have been watching the market, you already know this market segment has seen a surge in competition between buyers over the last decade. In recent years, cabins and cottages have been in high demand, as interest in renting out personal properties for extra income has become…

Is the Newfoundland and Labrador real estate market still sizzling, or is it cooling down like a February evening in the province? For the last two years, Canada’s housing market has been taken aback by the exceptional growth in Atlantic Canada, heated up by the population boom and the surge in home prices. This was…