Home prices across the country have increased, especially in popular urban areas such as Toronto and Vancouver. Many Canadians have felt they have either been completely priced out of the market, or have to settle for a home vastly cheaper than their dream home. It seems many prospective homebuyers are becoming fed up with the […]
Bank of Canada Hikes Interest Rates
Last Wednesday, The Bank of Canada raised its benchmark interest rate to 1.25 percent, the third interest rate hike over the past year, and the highest level since the global financial crisis in 2008. According to the official press statement released by Bank of Canada, “the economy is operating roughly at capacity, with inflation being […]
As Temperatures Drop, Shelters Are On The Rise.
Frigid temperatures started off the new year as Toronto got hit with the ‘weather bomb’ that swept through from the east coast and knocked out power to thousands. Temperatures reached negative double digits which sent Toronto scrambling to find emergency shelters for the homeless. As we enter the peak season for shelter occupancy, questions arise […]
New Year, New Home? What to Expect in 2018
2017 was an eventful year for Toronto’s housing market. From mortgage rule changes to election focus and climbing housing prices, headlines scarred the reality of being able to purchase a home. Many are wondering, will the market calm down in 2018? Here are few things you can expect this coming year: Tighter Mortgage Rules in […]