Debt service ratio is essentially the ratio between your income and your debt payments. This ratio is important because it’s a simple way to measure how effectively you can handle your payments.
Toronto council approved an inclusionary zoning policy that will force developers to set aside a percentage of units for affordable housing if they’re putting up condos near transit stations.
Canada begins to emerge from the COVID-19 pandemic, the hopes are for positive economic growth, however, it seems pandemic effects may stick around longer than most anticipated.
The empty homes tax is a yearly tax applied to any homes or properties in the Vancouver area that are left unoccupied for more than six months in a given tax year.
Despite a marked slowdown from the hectic first half of the year, Calgary has no shortage of activity in its residential market.
For many people, building their own homes is a solution to help them get exactly what they want. While it is totally viable option, it is a very different process than buying a resale home.
Parsimonious rental data in the GTA makes tracking hotspots difficult, but stories about leasing bidding wars are commonplace and, according to the president of RESCON.
We are in the middle of a housing crisis here in the GTA and across Ontario—and Canada for that matter. The cost of building new homes continues to rise. The situation is dire and hampering our economic growth.
Rising inflation is a growing concern, but real estate investors can rest assured that their investments are, at least for the time being, inflation-proof.
In the coming years, the neighbourhood will also be home to new residential development, including Waterfront Shores, a condominium development that promises waterfront views and proximity to McMaster University.
“The premium markets in cities like Toronto, Montreal and Vancouver will continue to command international interest, but Halifax and Ottawa are premium markets to watch,” said Anthony Hitt.
Although still early, activity in the office sector has been positive. In Q2, private sector office tenants started making long-term premises decisions, demand for sublease space, especially if furnished, increased for the first time in a year
Mortgages on Canadian investment properties are becoming difficult to carry using rental income alone, prompting some real estate investors to look at international property markets.
Investors with too many doors sometimes do themselves a disservice when they try expanding their portfolios because lenders typically only look at their income, but not Freedom Capital.
“Demand for ownership housing has remained strong despite a pandemic-related lull in population growth. Of specific note is the condominium apartment market, which has seen a marked turn-around in 2021 with sales up compared to last year."
“Not everybody is going to go back to the office. Even if only 25% of the working population worked from home on a regular basis, that has a significant impact on what’s going to happen in some of the core centres,”
The US-Canadian land border is finally set to reopen on Nov 8th, spurring many snowbirds to once again make plans to head south.
For decades, we have counted on trades from other countries to bring their skills and expertise to help build our homes and infrastructure.
Wondering what an overvalued housing market could mean for Canadians and investors? It isn't all doom and gloom, but it's important to understand what can happen.
More and more people are turning to rural properties for their lifestyle and investment opportunities. This Brantford realtor explains why you should too.
It seems that the rate of vacancies has begun to stabilize, though it’s still at a relatively elevated level compared to the pre-pandemic urban rental market.
The amount of the house you're acquiring will determine what your down payment should be. Here are the minimum and maximum requirements in Canada.
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