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How to Set a Budget for Buying a Home

It is important to figure out how much you can comfortably afford ahead of home hunting to avoid being house rich and cash poor after your purchase. Also, the more you know about your current financial situation, the better prepared…

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New CMHC Rules to Hurt First-Time Homebuyers

People looking to break into the housing market may face an uphill battle come July 1. The country’s largest insurer of residential mortgages is tightening its lending rules for “riskier” borrowers, defined as those with less than 20% down payment.…

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12 Ways Real Estate has Changed with COVID-19

Business has been anything but usual since the Ontario government deemed real estate an essential service amid the COVID-19 outbreak. While the decision brought a collective sigh of relief from the industry as it ensured buyers and sellers with a…

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March 2020 Real Estate Market Update

Despite the warming spring weather, the housing market continues to cool as real estate listings dry up amid the COVID-19 pandemic. Toronto home sales plummeted 27% the last two weeks of March, after both the federal and provincial governments announced…

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Stress Test Changes to Increase Buying Power

The busy spring home-buying season may be more frenzied as changes to the country’s mortgage stress test come into effect. Beginning April 6, Canadians applying for default-insured mortgages — those with less than 20% down payment on a new purchase…

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How to Know Whether to Buy or Sell First

Every existing homeowner is faced with the same dilemma. Does it make sense to buy first and sell second, or vice versa? The answer: It depends on your individual circumstances and the current market conditions. Selling your Home Ahead of…

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