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 […]
Mortgage Blog
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 […]
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 […]
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% […]
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 […]
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 […]
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 […]
