How Much Money Did the Average Canadian Household Save in 2013?
Recently, Bank of Montreal (BMO) released its second annual BMO Household Savings Report. Based on the polling of 1,002 Canadians conducted by Pollara, BMO highlights the average savings of Canadian households in 2013, how much we plan to save in 2014,
First-Time Buyers Program at Hampshire Mews in Richmond Hill
As veteran industry consultant, Barry Lyon, stated a few weeks ago, it’s looking like 2014 will be the “year of incentives,” where builders and developers will alter their marketing strategies to appeal to first-time buyers and end-users. Just last week,
Reasons to Buy a Home in the Winter
A recent blog post by Genworth Canada listed a few reasons why buying a home in the winter might be the right decision for you!The reasons are listed below:Your real estate agent’s full attentionWinter is traditionally a slow time in the real estate
What does 2014 Hold for Toronto’s Condo Market?
According to a recent article in the Toronto Star by Susan Pigg, Toronto’s condo market is in for another interesting year. Simply put, closings will be high, sales will be low.Are you ready for closing costs?According to RealNet, $25 billion worth of
Detached Home Prices to Rise in 2014
George Carras, President of RealNet Canada, is predicting that pricing for detached homes in the Greater Toronto Area (GTA) will only get higher throughout 2014.The GTA is made up of four regions; Halton, Durham, York, and Peel. Let’s see what prices are
Beyond the Plan: A Guide to Knowing Which Floor Plan is Your Home
Floor plan translated into living space (LUX Design)By Bora Mihalyi Design Editor at LUX DesignYou walk into a showroom. It's almost a transcending experience. The outside world gets quiet and soft music fills your ears. A beautiful and ridiculously nice
Home Buying Tax Proposal Poses Danger for First-Time Buyers
By Penny MunozIn a press release earlier this week, the Toronto Real Estate Board (TREB) expressed its concern about a potential proposal that would have first-time home buyers in Toronto paying more than they already do in Home Buying Tax (Land Transfer
What Kind of Industry are we BILDing?
With a strong housing market and low interest rates accounting for much of Ontario’s growth — if not its entire economy — it pays to protect the industry, and that means protecting consumers. Most builders recognize that for them to win, consumers have
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
CMHC Condo Buyer’s Guide Revised
By Penny MunozIf you’re looking to invest in a condominium, make sure you take a look at the updated Canada Mortgage and Housing Corporation (CMHC) Condominium Buyer’s Guide. The guide sets out to help potential homebuyers determine whether condominium
