Everything You Should Know About Buying Vacant Land in Canada

Monday Jul 4th, 2022

Share

When buying a home in the Canadian Real Estate Market, many commonly assume that the bulk of the cost is for the home, but in reality it, it is the land that the house is built on that is of most value. The housing market is all about the land since, especially in hyper-dense cities, is ostensibly finite. While Canada is one of the largest countries in the world by land mass, and are are still plenty of development opportunities from coast to coast, it is also one of the most expensive... [read more]

How Much is a Down Payment on a House?

Monday Apr 11th, 2022

Share

So, how much is a down payment on a house, anyway? The purchasing process usually starts years before the actual purchase, because that’s how long it can take to save up for a down payment, depending on where you’re planning to buy a home, your income and expenses, and of course, the home price. In Canada, when the purchase price is $500,000 or less, the minimum down payment is 5%. For homes priced over $500,000, the minimum down payment is 5% for the first $500,000 and 10% for... [read more]

Understanding Fixed vs Variable Rate Mortgages

Friday Apr 8th, 2022

Share

In 2022, financial experts have been homing in on mortgage rates. Market analysts believe the Bank of Canada (BoC) will raise interest rates. The debate among housing observers, economists and investors is by how much. And with all this talk of fixed vs variable rate mortgages, what is the difference between the two products anyway? Let’s explore. With Canada’s inflation rate the highest it has been since 1991, some anticipate the central bank will be aggressive on rate hikes,... [read more]

The First-Time Homebuyer’s Guide to Securing a Mortgage

Tuesday Mar 29th, 2022

Share

Is the Canadian real estate market a mountain to climb? For a lot of young professionals who are first-time homebuyers, getting into the housing market can be a challenge, whether it’s saving up enough money for a down payment, finding the right home or securing a mortgage in order to buy it. From tighter mortgage lending standards to higher interest rates, there is a lot to learn for the current crop of first-time homebuyers, and we’re here to help with... [read more]

Toronto Real Estate: 5 Takeaways from January 2021

Wednesday Feb 10th, 2021

Share

Toronto real estate prices are expected to continue rising this year after a strong 2020. Here, we break down the January 2021 data from the Toronto Regional Real Estate Board (TRREB), and highlight some key takeaways for homebuyers and sellers across the Greater Toronto Area. January home sales were up 50% year-over-year. Demand for homes was already high last year, despite the pandemic. Buyer demand across all property types is expected to continue rising in 2021, with... [read more]

READ MORE