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23 01, 2024

Canadian rent prices end 2023 at a record high, up 22% in two years

By |2024-01-23T11:22:53-05:00January 23rd, 2024|Qualifying for a Mortgage, Real Estate, rent-to-own, Renting|0 Comments

Rent prices resumed their upward trajectory in December, ending the year 8.6% higher from a year ago. The average rent price for all unit types rose to $2,178, according to data from‘s latest monthly data. Looking back over the past two years, rent prices have risen 22%, or an average of $390 a month. “The [...]

23 01, 2024

2024 homeownership surge with nearly one in five Canadians eager to buy, especially younger groups

By |2024-01-23T11:14:47-05:00January 23rd, 2024|Buying a New House, Choosing the Right Area, Credit, Down Payment, Finances, home ownership, Housing Market, Interest Rates|0 Comments

2024 might just be the year that many Canadians buy a home — nearly one in five to be precise — as a recent survey on Canadians’ homebuying plans from Wahi finds. The survey also notes that those under 35 have the strongest intentions and that many plan to sacrifice things in their lives to [...]

11 12, 2023

Is Now a Great Time to Buy Your Own Home?

By |2023-12-11T11:09:23-05:00December 11th, 2023|Uncategorized|0 Comments

It is unlikely that there will be a "crash" in the housing market (I mean, we have been told this would be happening for the last 10 years it seems).  Instead, you will see more of a softening (which is happening now) until rates start to stabilize or drop - when that happens, watch the [...]

20 10, 2023

Is There Light at the End of the Tunnel?

By |2023-10-20T10:23:15-04:00October 20th, 2023|Uncategorized|0 Comments

Is there a light at the end of tunnel?  For homeowners, possibly - for homebuyers, maybe now is when the light is shining where the market is slow and it has slowly become a buyers market. CIBC deputy chief economist Benjamin Tal said that while we are very close to the end of Bank of [...]

18 10, 2023

Pricing Pressure Eases Across Canada

By |2023-10-18T16:08:14-04:00October 18th, 2023|Uncategorized|0 Comments

Things have definitely changed over the last few months, more sellers have entered the housing market, particularly in September with a surge of new listings in all major Canadian markets. This is opposite of where we were prior to the summer where supply was tremendously limited.  Why?  This is partially due to rising borrowing costs [...]

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