Outdoor Entertaining
Whether you're buying a new or resale home, make sure you explore a number of home mortgage options before choosing the one that's right for you. First, you will need to decide between an open or closed mortgage. An open home mortgage allows you to
The intentions and expectations of 3 types of homebuyers
The Canada Mortgage and Housing Corporation (CMHC) recently released the 2018 Prospective Home Buyer Survey results, which focuses on the buying intentions of three groups; first-time buyers, previous owners, and current owners. There are many
Broker or Bank?
We asked an independent mortgage consultant and a bank representative to tell us what makes each attractive to a potential homeowner.
New home construction holds steady following 10-year high
The Canada Mortgage and Housing Corporation (CMHC) released its housing starts report for January 2018, announcing steady new home construction continuing from last year. The housing starts trend for January 2018 was 224,865 units, compared
Housing starts remain steady in December 2017
The Canada Mortgage and Housing Corporation (CMHC) released its housing starts report for December 2017, announcing that new home construction remained stable. Last month, housing starts trended at 226,777 units, almost unchanged compared to
7 resolutions that will make buying a home easier
Unless you’ve been living under the proverbial rock, you know prospective homebuyers are facing some new challenges if they’re on a quest to buy in 2018. Mortgage stress testing means the government is trying to keep you from getting
Low evidence of overbuilding in Toronto
The Canada Mortgage and Housing Corporation (CMHC) just released its housing starts report for November 2017, announcing a surge in multiple-unit construction, partially thanks to Toronto. The housing starts trend for all of Canada last
1.7 million Canadian households in inadequate housing
The Canada Mortgage and Housing Corporation (CMHC) and Statistics Canada released its core housing need report, announcing that 1.7 million households live in core housing need. Representing 12.7% of Canadian households, this housing need
Foreign buyer share remains low and stable in Toronto
According to the Canada Mortgage and Housing Corporation (CMHC), based on data released by Statistics Canada, foreign homeownership (or non-residents ownership) in Canada remained low and stable in 2017. 17 Canadian Census Metropolitan
How can Ontario sustain a healthy rental vacancy rate?
The Canada Mortgage and Housing Corporation released the results of its Rental Market Survey, announcing a decline in the national average vacancy rate, offsetting two years of increases. The average vacancy rate of purpose-built (primary)
