Budget Savvy: Top Affordable Cities in Canada for 2023
Affordable living is highly prized in Canada, and for good reasons. Despite being widely considered a great country, some aspects of Canadian living compare unfavourably with the rest of the developed world. For instance, the prices of Mississauga homes for sale can be incredibly challenging for new immigrants seeking a better...
Amendment to Canada’s Foreign Buyer Ban – Real Estate Canada Reacts!
Last month, the Canadian government introduced a few amendments to the Foreign Buyer Ban, AKA Prohibition on the Purchase of Residential Property by Non-Canadians Act. This article gives you a look at the Act and why it was introduced, the amendments and how Real Estate Canada is adapting to...
Ontario Budget 2023 – What does this mean for home buyers in Toronto?
Housing in Canada is at a premium in major cities like Toronto, Vancouver, and Montreal, where population growth has outpaced the construction of new homes. The country is also set to welcome a record number of new permanent residents in the coming years, with targets ranging from 410,000 to...
Bank of Canada Hits Snooze on Interest Rate Hikes – Homebuyers Breathe a Sigh of Relief
In March 2023, the Bank of Canada decided to maintain its key interest rate at 4.5% after a year of rate hikes that saw it climb to its highest level since 2007. The decision to hold its key rate comes after the central Bank rapidly raised rates eight consecutive...
The New Home Buyer Protection Act, Canada – What Does it Mean for You?
Several versions of the New Home Buyer Protection Act (NHBPA) are present in Alberta, British Columbia and Ontario, though not all over Canada. At its core, the NHBPA requires mandatory home warranty coverage for new homes and provides consumer protection for homebuyers. First-time homebuyers in Toronto or Edmonton would...
How to Calculate Your Home’s Worth and Get the Best-Selling Price
One of the most vital steps when selling your home is to determine your home’s worth. Your home value or worth is the price a buyer will pay for your house. This value can fluctuate over time due to market trends, neighbourhoods and renovations made to the property. In...