Mortgage lenders and banks are two popular options for financing home purchases. Banks are depository institutions that offer a variety of financial services, including mortgages, while mortgage lenders specialize solely […]

The 30% rule is a guideline that suggests people should spend no more than 30% of their income on housing. The rule was developed in the 1980s, but housing costs […]

Home Equity Lines of Credit (HELOCs) have become increasingly popular among Canadian homeowners, as they provide access to funds using the equity built up in their properties. However, it is […]

The BoC raised its key interest rate by a 25 bps to 5%, the highest since 2001. The prime rate also ↑ to 7.2%, impacting borrowers across Canada. For a […]

Home sales in Canada edged up in June, but remained below levels seen in 2021. The avg price of a home in Canada ↑ 1.8% in June, to ~$747K. Sales […]

The estimated income-to-expense ratio in BC is 1.2. The cost-of-living is estimated to be ~$79K/yr. The median annual household income in the province is ~$98K.

According to a poll from Angus Reid Institute, 37% of Canadian mortgage holders are already having difficulties making their monthly payments and 89% of them report that the latest interest […]

Vancouver and Burnaby are the top 2 most expensive places for 1-bedroom units in Canada. Following closely, Toronto and Mississauga rank as the 3rd and 4th most expensive cities for […]

Canadian luxury Real Estate markets show strong and stable growth. Montreal's Westmount and Outremont neighborhoods saw home values ↑ $1M over a 10-yr period. Ottawa's premium market prices ↑ 3% […]