Canada Housing

'Rigged' Mortgages Have Made Second-Class Citizens Of Canadians

John Doble | Posted 09.16.2016 | Canada Business
John Doble

Getting a first-time mortgage from a Canadian bank is like getting security clearance to work at NORAD. Income, credit history, source of down payment funds... are all key measurements to qualifying. These rules, of course, only apply to Canadians. Foreign buyers, some have speculated this week, may be receiving preferential treatment.

What To Look For And Avoid When Buying A Home

YPNextHome | Posted 09.06.2016 | Canada Business
YPNextHome

Buyers' criteria may vary depending on their age and location. When it comes to the value of your home, however, certain neighbourhood features have very distinct influences -- positive and negative -- that you should be aware of.

Vancouver And Toronto Housing Markets Headed In Opposite Directions

CP | The Canadian Press | Posted 08.30.2016 | Canada Business

Vancouver softens and Toronto looks to maintain its momentum.

When Selling In A Hot Neighbourhood Can Mean Trouble

The Huffington Post Canada | Posted 08.31.2016 | Canada Business

Listing your home in an up-and-coming area can sometimes work against you.

Expect To See More Purpose-Built Rental In Canadian Real Estate

The RentSeeker.ca Team | Posted 08.26.2016 | Canada Business
The RentSeeker.ca Team

If you can't picture what that looks like, a quick drive down the Gardiner Expressway will make it very clear. Interest rates are low, renter demand is high and investors are looking for alternate income streams. These combined factors create the perfect condition for purpose-built housing projects to thrive.

There Are Two Kinds Of Cottage Buyers. Which One Are You?

The Huffington Post Canada | Posted 08.25.2016 | Canada Business

Why drive into town when you can boat?

Destination Living Is The Latest Real Estate Trend

The Huffington Post Canada | Posted 08.31.2016 | Canada Business

"People want a place where they can rest, a haven away from the busy world."

Your Home Has Untapped Value. Here's How To Cash In.

The Huffington Post Canada | Posted 08.31.2016 | Canada Business

Go beyond the brick and mortar if you're looking to sell your home faster.

Forget The 'Canadian' Housing Market – It Doesn't Exist

YPNextHome | Posted 08.19.2016 | Canada Business
YPNextHome

When you buy a home, you don't buy a national market, or even a provincial, regional or municipal one. You buy one property in a local market. What's happening in your area could be completely different from that in another province, or certainly at the other end of the country.

Looking For Your Dream Home? Take This Guy's Advice

The Huffington Post Canada | Posted 08.17.2016 | Canada Business

"Be patient and know exactly what you want."

Here's The Income You Need To Buy An Average Home Across The GTA

TheRedPin | Posted 08.15.2016 | Canada Business
TheRedPin

The old real estate tenet "don't buy a house more than three times your income" has little merit in today's market. Between the trifecta of record low borrowing costs, monumental price gains and a dire lack of supply across the Greater Toronto Area, working out how much you can afford to spend on your dream home isn't exactly clear.

Get A Load Of Architecture Unlike Any Other In North America

The Huffington Post Canada | Posted 08.12.2016 | Canada Business

Where Old World charm meets Canadian comfort.

A Squeaky Door Turned Into This Multimillion-Dollar Cottage

The Huffington Post Canada | Posted 08.12.2016 | Canada Business

"A home of this value… they don’t sell every day in Muskoka."

The Canadian City Where Every Building's A Piece Of Art

The Huffington Post Canada | Posted 08.08.2016 | Canada Living

"[It's] the most beautiful section of Montreal. Every building here is a piece of art on its own."

Chinese Media Warns Canada's Housing Crash Will Put U.S. To Shame

Stephen Punwasi | Posted 08.05.2016 | Canada Business
Stephen Punwasi

Shots fired! While our media has been pointing out how Chinese buyers are driving up real estate prices, the Chinese media has been dissecting our economy and government, and warning Chinese buyers of the dangers of owning Canadian real estate.

Don't Even Think About Taxing Foreign Buyers In Toronto

YPNextHome | Posted 07.29.2016 | Canada Business
YPNextHome

Now that B.C. has introduced a 15-per-cent foreign buyers' tax intended to calm real estate purchases by non-Canadian residents, speculation is rampant that similar legislation is on its to Ontario -- or more specifically, Toronto. Like their counterparts in Vancouver, realtors in Toronto want nothing to do with such action.

B.C. Will End Up Paying For Christy Clark's Foreign Investor Tax

Jordan Bateman | Posted 07.28.2016 | Canada British Columbia
Jordan Bateman

There's no tax quite as popular as a tax on someone else. But will the people still be on board once the bills come in for collecting the Vancouver vacancy tax, or when the foreign investment tax has to morph to catch the money coming into the country? Or if housing prices are unaffected? Or if housing prices plunge and Canadian homeowners owe more than their home is worth?

Seeking The Perfect Muskoka Cottage? Here's A Reality Check

The Huffington Post Canada | Posted 07.27.2016 | Canada Business

“It’s definitely something everybody wants, doesn’t mean it’s something everybody is able to attain at this point.”

First Nations Housing Crisis Would Be Over If Ottawa Made An Effort

Liam Massaubi | Posted 07.25.2016 | Canada Politics
Liam Massaubi

Time and time again the issue of the First Nations housing crisis makes it into the media. And every time I see it I ask myself why things aren't done right the first time. The mouldy, boarded up, plastic-covered shacks are literally third-world, yet they are considered housing rather than something to be bulldozed.

Canada's Hottest Housing Markets Still Skewing National Numbers

YPNextHome | Posted 07.20.2016 | Canada Business
YPNextHome

Housing activity in Toronto and Vancouver continues to skew the Canadian home sales picture, as these two markets experience characteristics that are very different from the rest of the country.

Savvy Home Buyers Set Sights On Vancouver's Newest Transit Line

YPNextHome | Posted 07.13.2016 | Canada British Columbia
YPNextHome

It's been a long time coming, but the Evergreen Line is finally almost here. The tunnel is drilled, and the stations are coming to life with welcoming, open plazas. In early 2017, living in Burquitlam, Port Moody and Coquitlam will no longer necessitate a long commute or a costly Westcoast Express ticket.

Some Seriously Unconventional Ways To Afford Real Estate

YPNextHome | Posted 07.11.2016 | Canada Living
YPNextHome

With the average price of a detached home out of most first-time buyers' reach, those with less than $1 million to spend have a few options. A lot of people are becoming creative with their buying power and choosing to utilize more unusual or unconventional options to solve the issue of affordability.

Canadian Economy Largely Immune From Negative Effects Of Brexit

Yves Guillaume A. Messy | Posted 07.06.2016 | Canada Business
Yves Guillaume A. Messy

In a world of financial and economic inter-connectedness it would be foolish to suggest that there won't be any knock-on effects from the hitherto number four largest economy worldwide in its political convulsions, but from this particular writer's standpoint, Canada's economy is sailing safely going forward.

Eviction Rules: Do You Know Fact From Fiction?

YPNextHome | Posted 07.05.2016 | Canada Living
YPNextHome

Hopefully during your life as a renter you haven't had to rely on the Residential Tenancies Act too much. If that's not the case, you're likely well versed in some part of your rights, but maybe not all of them. Many of us renters rely on hearsay information we've picked up over the years and as it turns out, a lot of it is misconstrued or, in some cases, completely wrong.

Here's Where You Can Buy A House Near The GTA On A Condo Budget

TheRedPin | Posted 06.30.2016 | Canada Business
TheRedPin

For buyers in search of more space and other perks a condo can't offer, finding an affordable place to call home is a tough proposition, even in the burbs. In 2016 so far, the average detached home in the suburban GTA sits at around $855,000, up almost 20 per cent from a year earlier.