November 2022

You’ve got your mortgage pre-approval, and you’re shopping the market for your perfect home. If you find one that’s priced too close to your limit, you run the risk of being house poor. Let’s look at what it is, what you can do to avoid it, and what to do if you are already house poor.

The Costs of Owning a Home

When you begin the process of looking...

A year ago, housing affordability dominated national conversations as the Canadian real estate market exploded in growth, across major urban centres and rural communities alike.

For the last couple of months, it seems like this discussion has shifted, with affordability taking a back seat given recent moderation in the market following the unprecede...

Housing prices are at record highs across Canada. These prices are hard on those looking for a new home, especially first-time home buyers. Buying your first home is stressful enough, but high prices, and rising interest rates, have first-time home buyers looking for help to make their mortgage payments more affordable. One option is the First-Time...