In this article, we’re exploring the fascinating dynamics of Canada’s real estate markets, which have shown remarkable resilience despite recent rate hikes by the Bank of Canada. We’ll delve into the details of the trends, factors, and regional insights shaping…
In this article, we’re delving into a significant aspect of homeownership in Canada – foreclosure. Understanding the process and implications of foreclosure is crucial for anyone who has taken out a mortgage. Let’s dive into the details. Foreclosure in Canada:…
In this article, we’ll delve into an important topic that Canadian homeowners should be aware of – the legal and financial consequences of defaulting on mortgage payments. Understanding what happens when you face mortgage payment challenges is crucial to protect…
This week has witnessed a notable rise in bond yields, potentially putting upward pressure on fixed mortgage rates if this trend persists, according to experts. Bond yields, a precursor to fixed mortgage rate movements, have surged by over 20 basis…
In this article, we’ll explore an important topic that every homeowner should be aware of – Mortgage Default. Understanding what happens when you default on your mortgage payments is crucial for anyone who has taken out a home loan. Let’s…
A recent study has investigated the cost differences between renting and buying comparable housing in select Canadian markets, revealing that the two options are nearly on par in terms of monthly payments. Market Comparisons: Rental vs. Mortgage Payments According to…
Owning a home is a significant achievement, but it also comes with financial responsibilities, particularly when it comes to mortgage payments. Life can throw unexpected challenges your way, making it difficult to keep up with your mortgage obligations. If you…
The latest data on Canada’s economic growth is considered “disappointing,” leading to speculations that the Bank of Canada might avoid further rate hikes. May GDP Figures Fall Below Expectations In May, Canada’s gross domestic product (GDP) increased by 0.3% on…
Despite higher annual home sales in most major housing markets across Canada, activity and prices have cooled down compared to the previous month, as per early monthly data from major real estate boards. The Bank of Canada’s June rate hike…
The housing affordability crisis in Canada has made homeownership an unattainable dream for many Canadians. While industry experts recognize the need for short-term solutions to ease the burden, the head of the country’s housing agency takes a different stance. The…
