By one measure, conditions in Canada are reminiscent of those present in the US right before a stateside housing bubble burst, yet a repeat performance to the north is unlikely. Oxford Economics notes that the Canadian rate of debt to disposable income reached a record 167 percent last year, meaning […]
Real Estate
8 posts
On a recent segment of BNN Bloomberg, Toronto realtor John Pasalis voiced support for extended mortgage stress testing nearly a year to the day after the federal government introduced it. “The stress tests are great,” Pasalis says of the measure which requires mortgage applicants to qualify for their loans at […]
Mortgage stress tests aren’t just affecting would-be home buyers in Canada. Renters, even those with no intention of buying any time soon, are facing increasing rents in Toronto as a result of the federal policy, a popular real estate analyst suggests. “It’s been unbelievable [rent] growth… essentially since they put […]
If you lived through the recent real estate and economic recessions, the very headline of this article might cause you some emotional pain. Less than ten years ago, the country was swept with an economic crisis the likes of which our generation had never seen. I personally remember driving down […]
Superstitions, stigmas and the supernatural – whether you believe in them or not, they can have a very real impact on how long it takes to sell your home and the price you’ll get for it. While the thought of a haunted house and other-worldly roommates can put the scare […]
Location is everything when you’re searching for a home. Finding your dream neighborhood may seem like the easiest part, but once you factor in budget, non-negotiable home features, and proximity to the things you can’t live without, it may be less obvious where you should live. When it comes to […]
There are many big issues looming over BC Millennials ahead of next year’s federal election, from climate change and trade relations to government spending and tax cuts. But the results of a new Canadian Real Estate Association-commissioned survey suggest many in the province feel that these issues should take a […]
If you’re buying a house or condo and you suspect that the current owner from whom you are purchasing the property is a non-resident of Canada, you could be personally liable for the vendor’s Canadian capital gains tax if you don’t take certain precautions. Indeed, this is precisely what happened […]