With new mortgage rules hitting the market, owning a home may be out of reach for many would be buyers. Considering your rental options instead? RentSeeker shares their top three picks for affordable rental markets.
Foreign home ownership in Canada has been a concern of housing market critics as prices spike in certain neighbourhoods. The CMHC is now researching the impact, though many say the data is inconclusive. Read on for the full story.
Canadian home prices have been steadily rising – in fact, the pace they’ve risen at is the 4th fastest in the world, according to a new Scotiabank report. Here’s what you should know if you’re trying to enter the market, or are already a homeowner.
CMHC August housing starts exceeded expectation, surging 12% – a high not seen since 2012. Read on to learn more about the factors driving home sales.
Foreign real estate investment is a point of contention for expensive markets like Vancouver, where locals allege prices are driven excessively high by buyers who don’t even reside in the city. Now, the Conservative government has made a re-election promise to address the issue – but at what cost?
In markets like Vancouver, steep prices and limited real estate mean competition among buyers can be cut-throat. Now, that’s gone to a whole new level with contract assignments, a practice where successful bidding war buyers put their homes immediately back on the market to command even higher prices.
For many city dwellers, a detached house with yard is out of reach financially – and the need to move to afford a bigger home is a reality. Is swapping the city for suburban square footage worth it? One homeowner shares her story – and her commute time.
As prices continue to rise, many Canadians find they are stuck in their starter home. What options do growing families have, if they can’t afford to move up in the market?
In Canada’s hottest markets, engaging in a bidding war when house hunting is the norm. But your bank may not agree with your new home’s value – and may not cough up the funds you need for a mortgage. Here’s what you need to know about bidding wars, and when to walk away from one.
Will dropping oil prices cause a major slowdown in Canada’s housing market? Read on to see how consumers will be affected in this week’s edition of Housing Headlines.