Canada has one of the most unaffordable housing markets in the world, with Vancouver, British Columbia being the third-most unaffordable city to buy a home worldwide. According to Demographia’s 2017 International Housing…
The challenges continue for prospective homebuyers in Toronto and Vancouver, with skyrocketing prices, a dwindling supply in detached homes and no overnight rate hike in sight. Read on for the latest messages and advice from experts to find out what’s best for you.
If you want to buy a standard two-story home in Canada, you will need to have a household income of almost $88,000 to afford it. These continued high prices are pushing one particular group of people out of the housing market, Canada’s youth.
What if you want to buy a house with a friend or family member? On first blush, it’s a really smart thing to do. It can mean you both together can afford a house in a nice neighbourhood, instead of a tiny condo. But buyer beware. Sharing the biggest purchase and investment in your life has risks.