Canada Housing

NIMBYs Should Say 'Yes' To Development In Their Backyard

YPNextHome | Posted 10.25.2016 | Canada Business

If you're lucky enough to own a small slice of the GTA's pricey property pie, you could find yourself among those vehemently opposed to any new development in their neighbourhood. After all, established Toronto hot spots like The Annex, Bloor West Village and Mount Pleasant are full, right? But here's the problem.

Housing Must Be Seen As A Basic Human Right

Zarah Tinholt | Posted 10.25.2016 | Canada British Columbia
Zarah Tinholt

Recognizing housing as a fundamental human right could be viewed as a dangerous proposition for many who treat housing as a business. It opens the door for lawsuits against both businesses and governments who fail to take the issue seriously.

Why Now May Be The Best Time To Lock-In Your Mortgage

Tim Paziuk | Posted 10.19.2016 | Canada Business
Tim Paziuk

While the federal government is trying to rein in some of the borrowing that's taking place by making it more difficult to borrow, every one of us should take heed -- interest rates will rise. I believe the most important thing individuals should be doing is locking in their mortgages (ideally for five years).

Could This Be The Vancouver Housing Market's Last Hurrah?

YPNextHome | Posted 10.19.2016 | Canada British Columbia

Nationally, real estate markets remain healthy, with home values showing modest to strong price appreciation in almost every Canadian city. New measures introduced by the federal finance ministry on October 3, designed to cool the housing market, have led to a decline in sales in Vancouver.

Honeymoon Over For Seller's Market When New Mortgage Rules Hit

Samantha Brookes | Posted 10.06.2016 | Canada Business
Samantha Brookes

The long-running seller's market will slowly become a buyer's market due to lack of affordability, which in turn could result in decreased housing prices -- as people will no longer be able to afford homes in what were previously known as "hot markets."

Housing Plan Can Help End Hidden Crisis Of Women's Homelessness

YWCA Toronto | Posted 10.05.2016 | Canada Impact
YWCA Toronto

Women's homelessness is a significant, yet often hidden, crisis facing this country. Research shows that for every person who is absolutely homeless, there are at least three more who fall into the hidden homelessness category.

New Mortgage Rules Keep Canadians Safe From Housing Crash

YPNextHome | Posted 10.05.2016 | Canada Business

Under the new mortgage rules, which take effect on Oct. 17, all new insured mortgages must qualify for the amount at a rate of 4.64 per cent, which is an average of the big banks' current posted mortgage rates. This is the case even if the rate offered by your lender is lower.

Canada's Housing Crisis Is A Public Health Emergency

Dr Ryan Meili | Posted 10.05.2016 | Canada Politics
Dr Ryan Meili

One of the biggest factors that determines whether people will stay healthy or wind up needing emergency or chronic medical care is where they live. People without access to stable housing are at higher risk of illness, and their likelihood of recovering well from that illness is greatly diminished.

Federal Government Totally Misses The Point On New Mortgage Rules

Douglas Hoyes | Posted 10.04.2016 | Canada Business
Douglas Hoyes

Under new mortgage rules just announced by Finance Minister Bill Morneau, all insured mortgage borrowers must now pass a "stress test" proving that they can carry a mortgage at a realistic rate (the Bank of Canada's conventional five-year fixed posted rate), and not simply the "teaser" rate offered for a short period by the mortgage lender.

'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

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 Team | Posted 08.26.2016 | Canada Business
The 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

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

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

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.