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  • Stress test impact on Canadians

    What does stress test really mean for Canadian home buyers? Mortgage Professionals Canada have recently released a study meant to estimate the usefulness, – or harm, of stress test policy. MPC looked at the percentage of home buyers whose buying … (read more)

  • interest rate increase

    Interest rates are about to increase

    Bank of Canada dropping hints about the approaching interest rate increase. Canadians have enjoyed incredibly low interest rates for many years in a row, and grew accustomed to this state of events. However, it looks like interest rates will not … (read more)

  • air_bnb_toronto

    New rules target short term rentals

    The City officials announced proposed changes to Toronto short term rentals market, including Air Bnb. A new proposal came out, targeting Toronto’s short term rental market, including properties rented on Air Bnb. Toronto mayor John Tory claimed that new rules … (read more)

  • canadian-mortgage-increase

    Canadians can’t withstand increases in mortgage payments

    Most Canadian home owners would not make it through a 10% increase in mortgage payments   Manulife recently performed a survey, which found that many Canadian home owners are barely making their mortgage payments. The bank surveyed 2,098 home owners 20 … (read more)

  • improve_entering_housing_market

    Real estate headlines turning home buyers away?

    Media messages prevent Canadians from buying homes Current market conditions do not follow clear trends or allow for reliable predictions. The headlines seen in the media are scaring many potential home buyers away, even though the home prices were consistently growing … (read more)

  • Home affordability crisis boosts renovation

    Home affordability crisis triggers increased spending on home renovation projects   After the tightening of mortgage rules in 2016 economists predicted that limited real estate supply and tough competition will cause influx of funds into home renovation projects. Recent reports from the beginning … (read more)

  • Capital gains tax avoidance targeted

    BC court targets capital gains tax avoidance Big news shook BC real estate market this month. A new BC Supreme Court ruling finally targets a weak spot in the Canadian legal system: capital gains tax avoidance. Non-strict rules about the … (read more)

  • US interest rate increase affecting Canadians

    US interest rate hike will affect Canadians US Federal reserve announced a new increase in short-term benchmark interest rate, raising it to double of Canada’s rates. The US central bank increased its benchmark interest rate by 0.25% on Wednesday, March … (read more)

  • “Bank of mom and dad” for buying first home

    Tapping into “Bank of mom and dad” – gifted downpayment is becoming a popular strategy of coping with the tough housing market among Canadians. A new survey revealed that more and more Canadians use gifted downpayment from their parents, the so-called bank … (read more)

  • Canadians under-budget renovations

    Canadians don’t know how to properly budget renovations. TrustedPros recently published a report which revealed home improvement trends across Canada. Data collected from 2 millions home owners over last year showed that Canadians under budget renovations of key importance. The … (read more)