The 30% Housing Rule Is No Longer Realistic
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) can be risky – Mortgage Matters
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 […]
What the Latest Interest Rate Hike Means for Your Mortgage
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 […]
Sales Edge up in Key Canadian Markets in Early-Summer
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 […]
BC’s Cost of Living
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.
Mortgage Holders Are “Bracing For Impact” After July Rate Hike
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 […]
Late-Q2 Rents on the Rise Across Canada
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 […]
Resilient Luxury Real Estate Markets Around Canada
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% […]
