Since the beginning of 2022, the Bank of Canada (BoC) has been on a crusade to vanquish inflation in the Canadian economy by engaging in a quantitative tightening (QT) campaign. This is a blend of raising interest rates and trimming its balance sheet, which is filled with government and corporate bonds and mortgage-backed securities.

We can all agree with this — buying a house is a milestone. However, this can be financially draining due to mortgages and high interest rates. Paying your mortgage for decades may seem overwhelming, especially for first-time home buyers and those with limited financial resources. However, don’t give up just yet on purchasing your dream home. We’ll share nine ways to help you save on your...

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. This year, the conversation has ostensibly changed, with buyers, sellers, market analysts and industry experts discussing the path the Bank of Canada (BoC) will take in 2024 and immigration levels. Will the central bank cut...

When you purchase a home, a down payment is typically applied to the purchase price, and the balance is to be paid off over your term of the mortgage. The loan you receive from a lender in order to pay for the house is called a mortgage. Simply put, a mortgage is a legal and binding agreement between a lender and a borrower for a specific amount of money that must be paid back within a predefined...

During the pandemic-era housing boom, many homebuyers purchased residential properties at rock-bottom mortgage rates. In response to the national economy’s pressures, the Bank of Canada (BoC) slashed interest rates to near zero, allowing prospective homeowners to obtain greater purchasing power and acquire a detached house, townhome, or condominium suite that might have exceeded their initial budgetary...

While open houses have been a popular traditional marketing tactic, their effectiveness may be debatable in today’s tech-savvy world. Many buyers conduct extensive research online before visiting a property in person, making open houses less important in the overall marketing strategy.

Selling a home is more than just a transaction; it’s a pivotal step in life’s journey, especially for move-up buyers looking to sell their current home to purchase a larger or more luxurious one. Maximizing the selling price of your home is crucial in this process, as it directly impacts your financial ability to move up the property ladder. With the right approach, you can turn the sale of your current home into a successful stepping stone towards your dream home.

As you navigate the Canadian real estate market, you might have come across something called a chattel. But what is a chattel? And what is a chattel in real estate? Put simply, a chattel is a movable personal property not permanently affixed to the land. Some examples of chattel include furniture, appliances (dishwashers, dryers, stoves, and fridges), and personal items. Beyond a basic...

At a time when mortgage rates are hovering between five and six per cent and home prices remain above their pre-pandemic levels, discussions surrounding the mortgage stress test have been prevalent across the Canadian real estate market.

A significant uptick in sales and values in the Winnipeg housing market in the last six weeks of 2023 has set the stage for home-buying activity in 2024, according to findings from RE/MAX Canada’s 2024 Tax Report.