As the Canadian mortgage market continues to adjust following significant interest rate shifts, homeowners and buyers are faced with a tough question for 2025: Should you choose the potentially budget-friendly variable rate or play it safe with a fixed rate? Variable rates, which have declined by 1.75% since mid-2024, remain higher than fixed rates for Continue reading
Real Estate
Canada’s Housing Challenge: The Best and Worst Cities for First-Time Homebuyers
Dreaming of owning your first home in Canada? For many, that dream feels elusive amidst skyrocketing home prices, high rents, and rising living costs. A recent study by Money.ca sheds light on the most and least affordable cities for homebuyers, offering insights into where Canadians can save for a down payment faster and get closer Continue reading
Ontario Real Estate in 2025: Where Home Prices Are Set to Soar
A Positive Outlook for Ontario’s Housing Market Despite ongoing economic uncertainty and a high cost of living, RE/MAX Canada has released an optimistic forecast for Ontario’s real estate market in 2025. According to the report, gradual declines in lending and stress test rates are creating a more encouraging environment, particularly for first-time homebuyers. Rising Prices Continue reading
Canada Real Estate Market Forecast 2024-2029: Steady Growth Amid Changing Interest Rates
Canada’s real estate market is poised for modest growth over the next five years as economic conditions, interest rate trends, and housing demand interplay to shape the sector. Based on the Canadian Real Estate Association’s (CREA) latest forecast, here’s an in-depth look at the projections and trends expected to influence real estate in Canada from Continue reading
8 Canadian Cities Where You Can Buy Luxury Homes for $100K or Less
Believe it or not, there are cities in Canada where you can buy a luxurious home for $100,000 or less. These homes might not compare in size to mansions in Toronto or Vancouver, but they offer unique charm, modern amenities, and exceptional value. While many of these cities are smaller or located in rural areas, Continue reading
9 Smart Ways to Strengthen Your Financial Profile Before Buying Your Dream Home
Buying a home is an exciting milestone, but it requires careful financial planning to ensure a smooth journey. A strong financial profile not only increases your chances of mortgage approval but also helps you secure favorable terms. Here’s a detailed guide on how to prepare your finances before taking the plunge into homeownership. 1. Review Continue reading
Toronto Home Prices Poised for a 5% Surge in 2025, Royal LePage Forecasts
Toronto’s housing market is set to heat up in 2025 as home prices in the Greater Toronto Area (GTA) are expected to climb by 5%, driven by increased buyer competition following a major interest rate cut by the Bank of Canada in late 2024. This rebound marks a shift after years of price stagnation caused Continue reading
Fire-Damaged Toronto Home Listed at $1 Million Sparks Debate
Photo Credit: strata.ca
5 Ideal Cities for Retirees to Buy a Condo in Canada: Insights from Real Estate Experts
Retirement is a time to relax, explore, and enjoy life without the stresses of work. For many retirees in Canada, downsizing to a condo is an appealing option—offering a combination of affordability, convenience, and lifestyle perks. If you’re considering where to settle, here are five Canadian cities that real estate experts recommend for retirees looking Continue reading
A Warning About Canadian Fixed Mortgage Rates: Why They May Rise Despite Bank of Canada Cuts
As the Bank of Canada (BoC) continues to cut its policy rate, many Canadians are optimistic about a future of lower fixed mortgage rates. However, while variable mortgage rates are set to fall further, fixed rates may defy expectations and rise. Here’s why homeowners and prospective buyers should be cautious about betting on declining fixed Continue reading