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.
Vancouver’s extremely low rental vacancy rate has sparked fierce competition throughout the city, from downtown up to the University of British Columbia.
Home sales in Greater Vancouver declined on a monthly basis by 11.6% in July, the Real Estate Board of Greater Vancouver (REBGV) reported. “Moderation was the name of the game in July,” said REBGV economist.
Real estate investing is contingent upon a slew of factors, all of which are unique to their locales. In a chat with CREW, REIN shared its insights into how to invest in Canada’s three biggest cities.
“We have a lot of clients who want to sell condos and move up to a house, and we love August every year for our buyers because, as a month, it has one of the lowest average sale prices.”
REIN warned that Canada is on pace to welcome roughly a quarter of its permanent residents target in 2021, but there's no guarantee until the border actually opens.
A Toronto-based real estate broker has an August sales tip to share. “We have a lot of clients who want to sell condos and move up to a house, and we love August every year for our buyers."
Canadian home sales have tapered off their Q1 peak but that doesn’t mean every segment of the market has softened. As the buying frenzy has subsided, the condo market is seeing an increase.
A recent survey by Abacus Data stated that one-third of non-homeowners in Ontario have given up on ever owning property; another 26 per cent are pessimistic.
More than a tenth of homeowners in Vancouver, Toronto and Montreal own multiple properties, according to a Royal LePage survey of 1,500 Canadians.
According to Amy Assaad, a broker with Royal LePage Du Cartier, there’s a more pragmatic reason luxury buyers, whether local, national or international, are flocking to Montreal.
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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