Millennials are starting to become first-time home buyers, and as of late, there’s been a large focus on how they will impact the real estate market. But with Canadian house prices continuing to rise at an increasingly rapid rate, is owning a home truly a priority anymore?
Buying a home is one of the most exciting yet intimidating things to do. The idea of owning your own place is thrilling, yet the prospect of having a mortgage can terrify even those who are already financial savvy. Read on for our do’s and don’ts when buying a home.
The real estate market is a daunting place to be for the first time, especially in big cities. Skyrocketing home prices and bidding wars make the dream of homeownership seem out of reach for some first-timers – mostly millennials. So, what’s still motivating property virgins to take the home-owning plunge?
Are millennials driving the real estate market in Canada? A new BMO study finds 76% plan on becoming homeowners soon. But are they financially prepared?
Wondering where to save your home down payment for the best returns? Investing your savings can yield results, but come with plenty of risk. Read on to learn more about your options when savings for a home purchase.
What is the true extent of foreign real estate ownership in Canada? The CMHC is attempting to find out, as both house and condo prices skyrocket.
The province of Ontario has announced it will introduce new home inspector regulations to better protect home buyers. Here’s what you need to know about hiring an inspector – and spot a few problem areas on your own.
Planning to buy a home? Don’t forget to include closing costs in your budget! Here, we’ve recapped the most common costs you’ll face, and what you can expect to pay for each.
Are you planning to buy a home? You’ll need to shell out for at least part of your purchase up front. Saving for a down payment is an important part of the home buying process – and the size of your down payment can even impact how much of a mortgage you qualify for.