Tag: housing market
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The New First-Time Buyer Incentives in Canada in 2025 (And What They Really Mean)
🚨 Big News for First-Time Home Buyers in 2025 Buying your first home in Canada just got a little easier. In 2025, the federal and some provincial governments are rolling out new and improved incentives to help first-time buyers overcome today’s biggest challenges: saving for a down payment, affording monthly mortgage payments, and competing in…
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Top 5 Canadian Cities Where Home Prices Are Still Climbing in 2025
Despite economic uncertainty, rate cut speculation, and a shaky job market, home prices are still on the rise in select Canadian cities. If you’re wondering where the real estate market remains red-hot in 2025, we’ve got the answer. These cities are defying the national cooling trend and showing strong price appreciation, making them top spots…
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The Best (and Worst) Places to Buy a Home in Canada Right Now
Navigating Canada’s housing market in Spring 2025 comes down to location, affordability, and long-term value. While home prices are stabilizing in many provinces, some cities are emerging as unexpected gems for buyers and investors-while others remain out of reach. Here’s where your money goes further, and where to think twice. Best Places to Buy a…
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Landlords Offering Free Rent and Other Incentives to Attract Tenants in Canada’s Evolving Rental Market
As Canada’s rental market undergoes significant changes, landlords are increasingly offering incentives such as free rent, complimentary Wi-Fi, and other perks to attract tenants. This trend is particularly evident in major urban centers like Toronto, where competition among property owners has intensified due to rising vacancy rates and an influx of new rental units. The…
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Canada’s New Mortgage Reforms Take Effect December 15 and Here’s Everything Homebuyers Need To Know
The Canadian government is introducing major mortgage changes that will take effect on December 15, 2024. These reforms are being called the “boldest in decades” and are designed to tackle the country’s housing affordability issues, especially in expensive cities like Toronto and Vancouver. Key Changes Starting December 15 Raising the CMHC Insured Mortgage Cap The…
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Toronto Proposes Down Payment Assistance for High Earners in the 80th Income Percentile
Toronto is considering a new housing initiative that could help higher-income earners in the 80th percentile of incomes buy homes by providing down payment assistance. This program aims to make homeownership more attainable for residents who earn between $125,000 and $150,000 annually but still struggle to afford homes in the city’s competitive market. If implemented,…
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Investors Account for 25% of B.C. Homebuyers: A New StatsCan Analysis
Real estate investors made up approximately one-quarter of homebuyers in British Columbia between 2018 and 2020, according to a newly released analysis by Statistics Canada. This data highlights the significant role investors play in B.C.’s real estate market, particularly in major metropolitan areas like Vancouver, Kelowna, and Victoria. Key Insights from the Statistics Canada Report…
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Toronto Home Sales Jump 44% in October as Rate Cuts Draw Buyers Back to the Market
Toronto’s real estate market saw a major upswing in October, with home sales in the Greater Toronto Area (GTA) surging 44.4% year-over-year, according to the Toronto Regional Real Estate Board (TRREB). Industry experts say recent rate cuts by the Bank of Canada have boosted affordability and spurred buyers to return to the market, especially as…
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How much it costs to rent in Canadian cities right now
Rentals.ca just launched their October 2024 Rent Report and here’s everything you need to know. In September 2024, average asking rents across Canada for all residential property types saw a modest 2.1% increase year-over-year, reaching $2,193. This marks the smallest annual rent increase since October 2021, highlighting a slowdown in the rapid rent growth we’ve…
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Canadian government announces boldest mortgage reforms in decades and here is everything you need to know
The Department of Finance Canada has rolled out some big changes to mortgage rules, aiming to make it easier for Canadians, especially Millennials and Gen Z, to buy their first home. Starting August 1, 2024, new mortgage regulations now allow 30-year insured mortgage amortizations for first-time buyers purchasing new builds. Key Mortgage Reforms You Should…
Canada Housing Market 