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Budget 2017 proposes to invest more than $11.2 billion over 11 years in a variety of initiatives designed to build, renew and repair Canada's stock of affordable housing, and help ensure that Canadians have affordable housing that meets their needs. But so far it fails to address key market-related issues - again.
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When it comes to home ownership, Canada’s millennials have big dreams and bigger obstacles.
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Prospective homebuyers face a growing list of challenges -- from skyrocketing prices in Vancouver and Toronto, to soft conditions in Alberta, to another round of mortgage rule changes. But there are some good reasons 2017 is still a good year to buy a home in Canada.
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For many families a cottage is a place of special moments, milestones and memories. However, having a recreational property is not always fun and games -- there are also many costs and responsibilities that come along with ownership, especially when transferring the property to your children.
As more Canadians are choosing to spend greater time abroad, it has become increasingly common for estates to include foreign-based assets upon death. From an estate law perspective, foreign-based assets can give rise to estate administration issues that are best addressed as part of an estate plan created in consultation with professional advisors.
Last fall, a guy came knocking on my door. He had purchased the derelict house next door and wondered if I would sell my not-so-derelict house as well. I would be lying if I said I wasn't tempted. The housing market in Saskatoon isn't strong. A friend has had her house on the market for four months and hasn't had a single offer.
TORONTO - Ottawa's move to tighten Canada's mortgage rules a year ago helped cool down the country's real estate market by forcing some first-time home buyers to delay their purchases, economists say....
Buying a home marks the true end of youthhood. You're ready to put down roots now, to establish yourself, to mark your territory. But have you seen what a modest house in a barely decent neighbourhood anywhere even remotely near a metropolitan area costs these days? There is no way you have anywhere near that much money, which means you have to borrow a lot, from the bank.
I'm not here to excuse homebuyers who have trouble paying their mortgages, but I think I can at least explain their thinking. The point is that while buying a house is quite clearly a momentous financial exercise, it is very much an emotional one, too.
OTTAWA - New reports from bank economists find low interest rates are keeping Canadian house prices within reach of homebuyers in many markets — although Vancouver remains an exception because of its...
TORONTO - More than one-in-three Canadians expect they'll be carrying mortgage debt long after they turn 65, according to Royal Bank's latest housing survey. The report found that one-third of Canadia...