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.
Senior Editor at YPNextHome.ca
Wayne Karl is Senior Editor at YPNextHome.ca. email@example.com
"Greater Vancouver is a special place in terms of property ownership. People come here from all over the world, and feel safe and at home. This has created a firestorm with respect to owning property, not only from our neighbours to the south, but also China, South Korea, Iran, India and other parts of the world."
01/08/2016 04:28 EST
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.
01/07/2016 11:47 EST
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