CMHC Predicts Housing Starts to Stabilize Through 2014 and 2015
By Penny MunozThe latest report from the Canada Mortgage and Housing Corporation (CMHC) predicts that Canadian home builders will likely decrease the number of housing starts in the next couple years as demand from first-time buyers declines and interest
Real Estate Market Surges On Despite Oil’s Volatility
A lot has been written lately about the effect of the price-drop in the oil market on Canadian communities dependent on revenues from the oil sector, but recent studies and outlooks about the housing market in the coming months may indicate that all is
Greater Toronto Area home sales slowing, but prices still on the rise
The year may have started off slow for national housing activity, but it looks like 2019 is going to end on a good note, according to the latest monthly report from the Canadian Real Estate Association.
How I’m beating the winter blues at home
I have never been ashamed to admit that winter is my least favourite season. Even though I have endured almost 20 Canadian winters, I still have a hard time adjusting to below freezing temps. This cold transition often takes a toll on how I feel, leaving
2018’s top trends in the home renovation industry
National trends suggest that nearly half of Canadian homeowners will choose to renovate their properties this year (with 48% of homeowners polled by CIBC last May planning to renovate in 2017). If, like much of the country, a home renovation
Loblaws Targeting Condo Dwellers with Purchase of Shoppers
We’re sure you have heard the news about Canadian grocery company, Loblaws, purchasing Shoppers Drug Mart for a whopping $12.4 billion. Well, according to CBC News, some analysts believe that this is Loblaws’ way of taking advantage of the thriving condo
Genworth Canada: Good Debt vs. Bad Debt
Raise your hand if you’re in debt. Don’t worry, it’s not just you. According to Statistics Canada, the average Canadian household owes about $115,000.If you’re losing sleep, make sure you know the difference between good debt and bad debt before you
Will Toronto remain unfazed by the new mortgage rules?
The new stress-testing mortgage rules mean Canadians need higher incomes to purchase homes. According to a video produced by Huffington Post, your household income needs to be approximately $144,946 to afford an average priced home in the GTA ($755,755),
Buyers remain confident in Ontario’s housing market
Despite the mixed forecast for Canadian economic growth in 2017, the housing market looks like it will remain stable this year, says Trimart Research Corporation. Ontario will be the country’s powerhouse as far as housing markets go, especially the Total
Is Technology a Selling Point for Buyers?
Via Chaz.Yorkville brochureRecently, the National Post published an interesting article about residential developers who are “wiring up buildings to stay competitive and click with buyers.” Basically, Canadians (and Torontonians specifically) love their
