Real estate pundits love to point to the crash-prone boogeyman that is the condo market – but two recent reports suggest that high-rise living is just getting started in Canada.
It seems everywhere you look, there’s evidence of Canada’s booming new home construction market – but that’s not expected to last, according the the Canada Mortgage and Housing Corporation (CMHC). The national housing agency anticipates developers will stop bringing as many homes to market and will shift focus to selling what’s already built in its quarterly Housing Market Outlook, released last week.
As most homebuyers can attest to, the wait for confirmation of mortgage approval happens with bated breath. To avoid any disappointment, it’s best to get up close and personal with your financial profile ahead of time, anticipating what might hurt your chances at approval and working towards remedying any snafus.
Despite reports that home prices keep rising, Canada’s mansion market – homes priced over $1 million – keeps getting more competitive.
Wondering how to buy in a hot real estate market? Steep prices can prove tough for even the most determined buyer – but there are still options.
The huge floods that hit Calgary and Toronto last year have left their mark on housing markets, devaluing flood-plain properties. Should buyers take advantage?
Single gals are snapping up real estate, especially in Canada’s urban centres. But the home buying process can be trickier when you’re going at it alone. Check out these top tips for navigating the housing and mortgage market solo.
Offer conditions such as upon inspection or approved financing are important buyer safeguards – but can put home bidders at a disadvantage. Our friends at TheHousingBlock.com share what conditions you can – and shouldn’t – negotiate on.
Carving out your home in a new country is daunting enough – navigating the real estate market is an entirely different challenge. Many newcomers to Canada are keen on becoming home owners – but some may be better off renting as a lack of credit history can mean paying a much higher mortgage rate. Here, pro poster Pracheer Saran shares why his family chose to buy.
An advantage to condo living is all maintenance and repairs are handled by the board, and included in your condo fees… right? Turns out, owners could be on the hook for certain fixes – meaning it’s just as important to invest in a home inspection when making your condo purchase.