One in four Canadian renters plans to buy a home despite financial hurdles, Royal LePage finds

Posted On Jul 03, 2024

More than a quarter of Canadian renters plan to purchase a home within the next two years, driven by a strong desire for homeownership despite significant financial barriers and a highly competitive, supply-constrained market.According to a recentÂ...

High risk or high reward: Rising mortgage debt service ratios are must-watch data.

Posted On Jul 01, 2024

Mortgage leverage is like an obsidian blade: a precision tool when used right but a nasty injury-maker when used wrong. The median debt service ratio skyrocketed to an all-time high last year, according to the Bank of Canada. This makes you wonder...

Bank of Canada's next move less certain after inflation rate ticks higher in May.

Posted On Jun 26, 2024

OTTAWA - The annual inflation rate unexpectedly ticked higher in May, raising doubts about what the Bank of Canada will do when it makes its next interest rate decision in July in "bumpy and choppy" conditions.Statistics Canada said Tuesday the...

Mortgage payments: Understanding timing and avoiding confusion.

Posted On Jun 26, 2024

Mortgage payments can sometimes be a tricky topic for some homeowners, leading to confusion about when payments are due and what time period they cover.Recently, we watched two client misunderstandings unfold, highlighting the need for clear, calm...

Trying to time the housing market after the rate cut? What experts advise

Posted On Jun 24, 2024

Borrowing costs are starting to drop after the Bank of Canada’s first interest rate cut of the cycle, spurring speculation from all corners of the housing market about how buyers and sellers will react.The Bank of Canada’s quarter-point cut...

Here's how to take advantage of the market conditions to buy a home

Posted On Jun 24, 2024

The decrease in the Bank of Canada's (BoC) interest rate has helped buyers gain more confidence in the real estate market, but an Ottawa real estate broker says uncertainty remains an issue leaving some buyers skeptical.The Bank of Canada cut its...