How to Save for a Down Payment While Renting

Monday Mar 6th, 2023


Renters across Canada have been struggling with rising rent costs and wondering how they will be able to save for a down payment while renting. However, with some money management tricks and adjustments to your daily living, you can save for a down payment. It might go slowly, but every little bit helps. Here are some tips to save for a down payment while renting. 1. Make a Budget and Stick to It Making a budget is the easiest way to make your financial goals happen. When you... [read more]

How to Use Your RRSP to Maximize Your Down Payment

Friday Mar 25th, 2022


Saving a down payment for a house can be a daunting task. In this day and age, it can take years to save up enough money to afford a home, depending on various personal and economic factors. However, the Canadian government has created a Home Buyers’ Plan program, which allows first-time homebuyers to withdraw up to $35,000 from their Registered Retirement Savings Plan (RRSP) to increase their down payment. If you’re buying with someone who also qualifies for the program, that... [read more]

Ontario Housing Task Force: 1.5M Homes Over 10 Years is “Achievable”

Friday Feb 11th, 2022


The Ontario housing market is in dire need of supply. With rising residential prices far outpacing incomes, and not enough homes on the market for everyone who wants to buy one, the supply issue is the root of the Ontario’s­—and Canada’s—housing affordability crisis. It’s been long said by RE/MAX Canada executives and other industry insiders, and now by the Ontario government. The Ontario Housing Affordability Task Force released... [read more]

Canadian Real Estate: Is Your Home Making More Than You Do?

Thursday Apr 22nd, 2021


How hot is the Canadian real estate market right now? It is skyrocketing so much that the Canadian Real Estate Association (CREA) is projecting that the housing market is poised to post record highs again this year. According to the association, more than 700,000 properties will change hands in 2021, up from 551,262 last year. The national average home price will surge by an annualised rate of 16.5 per cent to $665,000 this year. All this is because demand is exceeding... [read more]

Will We See the Recovery of the Toronto Condo Market in 2021?

Friday Feb 12th, 2021


In 2020, the unthinkable occurred: the red-hot Toronto condo market experienced an unforeseen downturn. For the first time since the Great Recession, condominiums in North America’s fourth-largest city took a rest after more than a decade of tremendous growth. While Toronto’s detached and semi-detached segments of the housing market performed well, units in the sky suffered a setback – something that nobody would have envisioned at the start of the year. A... [read more]



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