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.
The pandemic has catalyzed a lot of real estate trends, one of the lesser known of which is multigenerational living in luxury abodes. Three generations are the most common in Sino- and Indo-Canadian communities.
Green home upgrades are growing in popularity, but anyone expecting a break on their home insurance premiums as a result might have to hold their breath a little longer.
The Liberal Party of Canada’s election promise to end blind bidding is being excoriated by OREA which accused the sitting government of trying to “criminalize the ability for hardworking Canadians to choose how to sell their homes.”
With the federal election looming on September 20, the NDP have proposed reintroducing a 30-year amortization on high-ratio mortgages, but the president of Mortgage Architects has an even more radical idea.
Shamil Shamilov and his wife lived in Toronto’s Midtown neighbourhood a few years ago where houses and the city’s infrastructure are older and where the couple experienced two ghastly floods.
Out of 60 areas covered by the Toronto Regional Real Estate Board, only six had detached homes priced below $1 million, according to an analysis by RE/MAX.
Canadian inflation picked up sharply in July, rising to its highest level in 20 years. This morning's Statistics Canada release showed that the consumer price index surged to a 3.7% year-over-year pace.
Real estate investors often think that cap rates alone are the greatest determinant of a prospective property’s value, but that isn’t the case.
Existing home sales fell 3.5% on a month-over-month basis in July, marking the smallest of the four consecutive declines since March. Today, CREA released statistics.
According to a report from Moore Global, blockchain tokenization has emerged as a megatrend in international real estate and is being taken to a whole new level.
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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