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While there is no evidence that Canada is experiencing a housing bubble, there is plenty of evidence that Canadians are developing a greater and greater debt burden. A recent Vanier Institute of the Family study suggests that the debt-to-income ratio for households in Canada is at 145%. This is the highest it has ever been [...]
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Last week, I gave you some tips on how to renovate your bathroom without breaking the bank. Today, I’ll give you some further tips.
1. Keep the DIY in your reno
Whenever possible, do as much of the work as you can. Most renos go through money to pay for the labour, rather than materials. However, as [...]
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We’ve already given you some pointers on how to renovate your kitchen inexpensively. If you are thinking of fixing up your bathroom as well, you might want to follow these tips:
1. Plan, plan, plan.
You should have a plan for any renovation you undertake, but a bathroom is especially important. While you can survive on take-out [...]
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The Canadian housing market has been hot throughout the past decade, however it will cool over the coming years as higher interest rates begin to take effect and the population ages, according to the latest report on real estate trends from Scotiabank.
Meanwhile, we expect a strong housing market this spring as buyers are trying to [...]
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Canada Mortgage and Housing Corporation (CMHC) announced 22 new grants to improve housing affordability got Canadians. These grants total $99,700 and shall be awarded under CMHC’s Affordability and Choice Today (ACT) Initiative.
ACT has been in operation since 1990, and it provides grants of up to $5,000 to teams of municipalities and private or non profit [...]
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Today, it was revealed that the Canadian Federal government is considering making it more difficult for borrowers to get mortgages. Although nothing has been announced, the Globe and Mail reported that several proposals are being considered.
The proposal that is getting the most consideration is the idea that borrowers will face greater scrutiny from banks to [...]
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After the rough ride of the last two years, we are all trying to figure out what the future has in store. To help with this difficult task, the Real Property of Association of Canada (REALpac) and FPL Advisory Group have released their survey of the sentiments of the real estate industry in the first [...]
