Purchasing a home or condo whether you're a first-time buyer or not can be a stressful experience, especially when you factor in the closing costs you'll have to manage once you've reached the end of your property-buying journey.    One of the major costs you'll have to factor in when deciding to purchase a home or condo is land transfer tax (LT ...

        As the cost of living continues to rise and homeowners receive no reprieve on the interest rate front, mortgage delinquencies could rise by more than one third over the coming year, says a new report from RBC.   The report, written by Assistant Chief Economist Robert Hogue and Research Analyst Mishael Liu, laid out the increased amount of debt Can ...

      The Canada Mortgage and Housing Corp. says the average home price will not revert to pre-pandemic levels in 2023 because the recent declines in prices are tapering off in many markets and are expected to bottom out this quarter before starting to rise again.   In its outlook released Thursday, the federal housing agency predicted home prices and sales will see year ...

        Toronto's housing market continued to tighten last month as prices edged up four per cent from March and sales moved closer to the level they were at last April, the Toronto Regional Real Estate Board revealed Wednesday.   April's average price tumbled 7.8 per cent to $1,153,269, but was roughly four per cent higher than the $1,108,499 the average ...

      Despite a turbulent past year, Toronto's real estate market is showing signs of rebound after a slight improvement in both sales and home prices, although the number of listings continues to trail behind.    According to a recent report by the Toronto Regional Real Estate Board (TRREB), GTA housing sales were still lower last mont ...

      Finding out exactly what your home is worth can be a tough pill to swallow. Your house is likely filled with priceless memories and before an appraiser nitpicks every last inch of it, you’ll want to make sure you’ve done what you can to ensure your return on investment is as high as possible.   Understanding the factors that can risk devaluing your home ...

        Immigration push: tight supply and overwhelming demand fuel rising home prices in Canada’s most in-demand cities.   According to a recent report from Statistics Canada, Canada’s population grew by a record one million people in 2022, with almost all of the growth attributed to international migration.    With the federal go ...

        Summer is fast approaching, and with it, the peak of cottage season in Ontario. But amid affordability challenges in real estate markets across the province, fewer people can afford to take on a second property entirely for recreational purposes.   Unless, of course, you happen to be sitting on a mountain of inheritance — a group large enough to help ...

        The closing date when buying a home is a time for celebration for most homebuyers – keys are transferred from the seller to the buyer and many hurdles have already been overcome to achieve this big step. However, before breaking out the champagne there are a few expenses that need to be paid for first.    These closing costs must be paid upfront ...

        Whether renting or owning an apartment, condo or single-family house, living in the Greater Toronto Area (GTA) doesn't come cheap, and the cost of calling Canada's largest metropolitan area home is only growing.   It will now cost you close to $2 million to own the average single-family home in the region, according to the latest monthly ...

        The Canadian Real Estate Association expects the average price of a home to end the year 4.8 per cent lower than 2022, but says prices will rise by roughly the same amount in 2024.   The association's prediction revealed Friday amounts to an average price of $670,389 this year and $702,214 next year, when prices are expected to increase by 4.7 per ...

        Homeownership is one of the most important decisions a person can make in their lifetime. With so many property types to choose from, it can be challenging to determine which is best for you and your family. Let’s dive into the advantages and disadvantages of different homes – from condos and townhouses to detached single-family homes and multi-family ...

        It’s no secret that curb appeal sells. According to the National Association of Realtors, over 84% of home buyers are willing to spend more on a home with excellent curb appeal.   Whether you’re preparing to sell or you just want your home to look its best without spending a fortune, here are five jaw-dropping ways to spruce up your home on a bu ...

        You now need to make a lot more money per year to be able to afford a home in Canada, according to a new report from Ratehub.ca.   Even though home sales soared nationwide in March, so did the average sale price.   The Canadian Real Estate Association (CREA) reported that 41,636 homes were sold across Canada in March — a 1.4 per cent  ...

        Purchasing a condo can be an excellent investment, but it’s essential to ask the right questions before taking the plunge. Here are some questions you should ask before buying a condo:   Is This an Older Condo?   Building designs have evolved drastically over the last decade; while older buildings had solid brick and cement walls, developers no ...

        The price of a Greater Toronto Area (GTA) home is expected to surge beyond initial projections this year, according to the latest Royal LePage House Price Survey, released Thursday.   Phil Soper, president and CEO of Royal LePage, says that "sanity is slowly returning to the [Canadian] housing market" after a turbulent few years, and the ...

        Mortgage experts expect the Bank of Canada's decision to hold its key interest rate to add heat to the country's real estate markets.   The second consecutive hold since rates started climbing in March 2022, which leaves the overnight rate at 4.5 per cent, will likely give buyers and sellers more confidence to make a purchase soon, experts sa ...

        Ontario's real estate market experienced turbulence in 2022, with home prices reaching an all-time peak in the first few months of the year before rising interest rates began rapidly driving prices down.    A recent study from Zoocasa analyzed 30 different real estate markets in the Greater Toronto Area (GTA) and surrounding re ...

        The average Greater Toronto Area (GTA) home price has plummeted in the last year, but the relief felt by homebuyers since early 2022 may soon come to an end, according to the latest market report from the Toronto Regional Real Estate Board (TRREB).   The TRREB report for March 2023 highlights tightening market conditions across the region, an ...

        Trying to buy a home in one of Canada's most expensive cities continues to be a struggle for many, as the cost of living continues to soar and wages struggle to catch up.    Even though home prices are on a downward trend across the GTA, the average home in the region will still cost you a mind-boggling $1.1 million, making dre ...