Canada Housing

More Canadians Buddying Up To Enter Housing Market

CP | Alexandra Posadzki | Posted 04.26.2016 | Canada Business

Don't go it alone? High housing prices are making young Canadians team up with friends to enter the market

Millennials: Buying A Home ASAP Is Worth It In The Long Run

Samantha Brookes | Posted 04.21.2016 | Canada Business
Samantha Brookes

Thirty-six is the new 30 for first-time home buyers in Canada -- meaning that the average age of current home buyers is 36, while the majority of current home owners bought their place before they were 30. Considering that millennials are typically 25 to 34 years old, many are left asking the question: are millennials buying homes?

Pet-Loving Renters Have Rights, Too

YPNextHome | Posted 04.13.2016 | Canada Living
YPNextHome

Finding a good rental unit for a decent price is hard enough as it is without the added task of finding one that is pet-friendly, too. I can accept that not everyone loves dogs as much as I do, but does that mean they can deny me a nice apartment, charge me a fee or evict me?

Toronto And Vancouver Condo Markets Show Signs Of Stability

YPNextHome | Posted 04.12.2016 | Canada Business
YPNextHome

Much like last year's Canada Mortgage and Housing Corp.'s condo survey, which showed that investment condos owned by locals in Toronto and Vancouver are a long-term commitment with the objective of generating rental income, this year condominium investors display stable characteristics over time.

Telltale Signs Of A Rental Scam (And How To Avoid Them)

YPNextHome | Posted 04.08.2016 | Canada Business
YPNextHome

The famous saying "the devil's in the details" is really no joke, and hiding in the shadows of accountability, legal documentation and paper trails is how scammers and con artists trick unsuspecting renters into blowing thousands of dollars on non-existent rental units. Don't let yourself be a victim.

What Rent Costs In The Biggest Canadian And U.S. Cities

The RentSeeker.ca Team | Posted 04.12.2016 | Canada Business
The RentSeeker.ca Team

With housing prices on the rise in both Canada and the United States, the next few years will be very interesting for those who are in or thinking about entering the real estate market. Traditionally the real estate market in Canada and the United States has moved in similar directions, but in recent years, the situation has changed.

Read Beyond The Fairy Tales About Canada's Housing Market

Ross Kay | Posted 04.04.2016 | Canada Business
Ross Kay

The problem the housing bears have had is they are reading the same fairy tales about Canada's housing market that the housing bulls continue to suggest all Canadians keep reading. It's time to stop turning the pages and start reading what the words are really saying.

A Look At The 2016 Federal Budget From A Housing Perspective

YPNextHome | Posted 03.24.2016 | Canada Business
YPNextHome

To encourage the construction of affordable rental housing, Budget 2016 proposes to invest $208.3 million over five years, starting in 2016-17, in an Affordable Rental Housing Innovation Fund administered by Canada Mortgage and Housing Corp.

Why You Shouldn't Sell Your House In A Bidding War

Nathan Dautovich | Posted 03.21.2016 | Canada Business
Nathan Dautovich

A bidding war is when the seller will list their house at an artificially reduced price, show buyers the house over a period of about a week, and then have an offer date where all interested buyers present their offers. The expectation is that they will sell for well over the asking price, and have multiple buyers bidding against each other.

This 1 Chart Obliterates Dire Predictions About Canadian Housing

The Huffington Post Canada | Jesse Ferreras | Posted 03.16.2016 | Canada Business

"Hey, forecasting is hard."

Are Millennials Choosing To Rent, Or Just Choosing Not To Buy?

YPNextHome | Posted 03.15.2016 | Canada Business
YPNextHome

I admit that sometimes, as a long-term renter, I do think about what it would be like to own a home. But that doesn't mean that I consider renting a stopover before buying. Renting is its own lifestyle and although currently dominated by millennial city dwellers in Toronto and Vancouver, it is not unique to this generation, nor to their respective cities.

What To Expect From Canada's Real Estate Market This Spring

YPNextHome | Posted 03.09.2016 | Canada Business
YPNextHome

Spring is usually busy season in the housing market, and it will likely be the case this year -- though for different reasons in various areas. Daylight Savings Time begins on March 12, and the first day of spring is the following weekend. Plus, Environment Canada said this week that Canada will likely have a milder than normal spring this year.

The Sustainable Benefits Of Building A Carbon Neutral Laneway Home

David Dodge | Posted 03.04.2016 | Canada Business
David Dodge

A carbon neutral home and net-zero home are similar in that both produce as much energy as they consume over the course of a year. The difference is a net-zero home produces its own energy right on the home, whereas a carbon neutral home can produce its energy elsewhere in the community.

The 2016 Federal Budget Has The Potential Strengthen Rural Canada

Raymond Louie | Posted 03.04.2016 | Canada Politics
Raymond Louie

The upcoming federal budget has the potential to be transformative and make lives better for rural Canada. Ottawa has committed to making significant investments in infrastructure, housing, and climate change prevention and to work with municipalities to improve quality of life for Canadians.

This Is How Much The Average Home In Toronto Now Costs

CP | The Canadian Press | Posted 03.03.2016 | Canada Business

Sales in February rose 21.1 per cent over last year.

5 Reasons You Should Buy A Home In 2016

YPNextHome | Posted 02.29.2016 | Canada Business
YPNextHome

Why is 2016 a good year to buy a home in Canada? Let us count the ways. While there are no guarantees, in short, real estate in Canada is a proven performer over time. Sure, Vancouver and Toronto have shown the most spectacular historical growth, but even unsung markets in eastern Canada have performed well over time.

Social Housing Emergencies Show Vulnerable Tenants Need Support

Sharad Kerur | Posted 02.23.2016 | Canada Politics
Sharad Kerur

Social housing communities are increasingly home to the most vulnerable members of our communities. The private rental market has left many renters behind, meaning that for families fleeing domestic violence, individuals wrestling with mental health and addictions challenges, and aging seniors on fixed incomes, social housing may be the only available option. It's become clear that both the public and the government now expect social housing providers to go above and beyond their traditional role as landlords, to assist at-risk tenants.

5 Ways To Ensure You Can Afford Your Mortgage

Atrina Kouroshnia | Posted 02.23.2016 | Canada Business
Atrina Kouroshnia

Before you opt out of the real estate game entirely, give some thought to the following considerations. Sound financial planning, a realistic budget and a few good habits will go a long way to ensuring your mortgage is affordable.

A Look At Canada's Housing Performance Over Time

YPNextHome | Posted 02.23.2016 | Canada Business
YPNextHome

Strong historic home price growth might be an expected result, given that real estate is a proven performer over the long term. But looking at price growth in these four-year windows from now to 1984 shows some pretty staggering appreciation.

Vancouver's Housing Market Is Driving Away Young Families

Ashley Redmond | Posted 01.26.2016 | Canada British Columbia
Ashley Redmond

Since I've moved to Vancouver in February of last year I've become accustomed to daily news updates on the real estate market. There are other towns like Squamish that are on the winning end of the housing crisis in Vancouver -- these towns are getting young families that will one day help their town prosper.

The 5 Hottest Housing Markets Under $500,000

Wayne Karl | Posted 01.26.2016 | Canada Business
Wayne Karl

On Feb. 15, 2016, Canada's new mortgage rules kick in, mandating higher minimum down payments for homes priced higher than $500,000. But if you're planning to buy a home for less than that figure, you're in luck -- there's plenty of hot markets across Canada with average home prices of less than $500,000.

Buying a Condo? Walk A Little To Save A Lot

Wayne Karl | Posted 01.07.2016 | Canada
Wayne Karl

If you're planning on buying or renting a condo, here's an important lesson: purchase prices and rents will be higher the closer you are to major transit hubs such as subway stations. Sure, it's convenient to be located adjacent to a subway stop, but it'll cost you. How much? You'd be surprised.

Can You Afford Your Mortgage In 2016?

Ron Alphonso | Posted 01.04.2016 | Canada Business
Ron Alphonso

Many Canadians are opening up their January credit card statements, reeling from the holiday hangover and newly acquired debt they racked up last month. It sure adds up quickly: gifts, some travel, a few nice dinners over the holidays. What would happen if credit card interest rates doubled? How many of us would fall behind in our credit card payments? It sounds horrible but rest assured it is unlikely. But it is far more likely to happen with our mortgage rates. Could you afford your home in 2016 if interest rates rise?

New Mortgage Rules Won't Stop A Motivated Borrower

Douglas Hoyes | Posted 12.17.2015 | Canada Business
Douglas Hoyes

New limits may force more borrowers to approach alternative lenders as a source for financing and may increase the percentage of parents taking out a second loan on their own home to help their adult children move into the housing market.

N.L. Woman Bypasses Realtors To Sell Her Home On Facebook

The Huffington Post Canada | Jesse Ferreras | Posted 12.16.2015 | Canada Business

And she says she has nothing against realtors.