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.
Housing is top of mind for Canadians with the federal election less than a week away, but unless political parties cut the red tape responsible for the chronic undersupply of housing in key markets, the affordability woes will persist.
The Conservative Party of Canada has pledged to create a new market for fixed mortgages in the seven- to 10-year range in a bid to create housing affordability, and the pledge holds water, says a Toronto-based mortgage professional.
The governing Liberal Party’s election promise to introduce a new tax-free home savings account that would function much like RSPs and TFSAs to help first-time buyers is a welcome pledge, says Christelle Mwamba, an agent with Mortgage Scout.
Investment property purchases are fast becoming the domain of millennials and Generation Z, who see more value in secondary and tertiary markets. They’re particularly active in the Niagara region.
Homeowners should beware of buyers soliciting them with cash offers, says the president of Right at Home Realty. It can be problematic for all-too-trusting homeowners and here's why.
The winter buying frenzy in Canada’s housing market has given way to a restrained pace of sales that will culminate in prices flattening early next year, says a report from RBC Economics.
The Bank is maintaining its extraordinary forward guidance on the path for the overnight rate, estimating the first rate hike in the second half of 2022.
Blind bidding in the homebuying process has been called into question recently, with the prime minister of Canada even making an election promise to outlaw it.
Talk of a beneficial ownership registry would prevent numbered companies from owning real estate and deal a major blow to would-be money launderers, say two Toronto-based lawyers.
TRREB is reporting strong sales for the month of August and noted that tight supply conditions have driven the benchmark price of a home in the region up by 17.4% compared to the same month last year.
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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