Is Affordability In Sight for the Canadian Housing Market?
Posted on Oct 07, 2022 in Market Conditions
Affordability is a hot topic in Canadian housing market. Rising interest rates, intended to combat inflation, are significantly impacting homebuyers and in turn, sellers. Thus, home prices have begun to moderate from their record highs, but any savings is being offset by the higher cost of borrowing. It is no surprise that affordability is such a f...
Is Now the Best Time to Sell?
Posted on Oct 05, 2022 in Market Conditions
Selling your home is not only a big decision financially, but also emotionally. Your home is no longer the bricks, drywall, and hardwood floors you fell in love with when you bought it. You have tackled some of life’s many milestones and made memories inside the house you now call a home. Whether you have simply grown out of the house, are choosing...
Can You Afford a Cottage?
Posted on Sep 12, 2022 in Market Conditions
You want to buy a cottage, but can you afford a cottage? At the height of the coronavirus pandemic, cottages became hot commodities across the country and prices skyrocketed. Traditionally, these properties were considered recreational by nature, visited on weekends during the summer or for seasonal maintenance by winter.
But why can’t you live in y...
But why can’t you live in y...
What Is A Housing Bubble? And Are We In One?
Posted on Sep 09, 2022 in Market Conditions
What is a housing bubble? You’ve undoubtedly heard the term, but what does it actually mean, and is Canada experiencing one? Whether you already own a home, are considering buying one soon, or are waiting for the right time to sell, you want answers to this vital question.
Let’s explore what a housing bubble is, what causes it, and how it may impact...
Let’s explore what a housing bubble is, what causes it, and how it may impact...
5 Most Googled Questions About Canada’s Housing Market
Posted on Sep 07, 2022 in Market Conditions
After two years of remarkable growth in the Canadian real estate market, the housing industry is experiencing a change. Perhaps it is a path to normalization, or maybe it is a sharp correction. Whatever the case may be, it is unlikely that Canada’s housing market will continue the meteoric growth it has enjoyed since the early days of the coronavir...
How Will Higher Interest Rates Affect Me?
Posted on Aug 15, 2022 in Market Conditions
Canadians have enjoyed low interest rates for the last decade, but even more so since the onset of the global pandemic, when the Bank of Canada responded with a trio of rate cuts, bringing us to 0.25%. But 2022 has already seen three interest rate hikes in response to soaring inflation rates, which reached a 39-year high in May, at 7.7 per cent. Wi...