Real Estate
Save on Tax with Principal Residence Exemption
Have you thought about one of Canada’s most valuable tax breaks? You could be exempted from paying tax on the sale of your home by taking advantage of the principal residence exemption. […]
Real Estate
Real Estate
Calculating Real Estate Agent’s Commission
Most real estate agents are paid commission based on the sale price of a house. This commission is split between two different agents but have you wondered how it works? […]
Real Estate
How to Become a Real Estate Agent in Ontario
If you’re someone with a big network of family and friends, you may have thought about becoming a real estate agent. To become a real estate agent in Ontario, the process and education requirements may […]
Economy
Affordable housing: It’s not just a big city problem anymore
Awareness of affordability issues and the crunch to find suitable housing has made national headlines and was a focal issue in the 2019 federal election. […]
Real Estate
Stress Tests & Home Ownership
Stress testing is an important tool that financial institutions utilize to make sure that you’re able to meet your mortgage obligations as interest rates rise. […]
Real Estate
Making Sense of Reverse Mortgages
Coming Soon
Real Estate
Dealing with Land Transfer Tax
When you buy a house, condo or land in Canada, you may be subject to land transfer tax which is due upon closing.
Real Estate
Which Housing Markets Are Home to the Lowest For-Sale Inventory?
Elevated borrowing costs and persistently high home prices are stifling homebuyer demand and causing for-sale listings to linger on the market, but a lack of new inventory is preventing any notable improvement in housing affordability. Total housing listings reached 945,612 in February, and while that’s up 13% from one year ago, it’s still below the […]
Real Estate
Will Rising Mortgage Rates Undermine a Market Recovery Ahead of the Spring Buying Season?
Mortgage interest rates climbed to 6.73% for a 30-year fixed-rate mortgage during the week ending March 9, a tough blow for prospective buyers hoping for an improvement in affordability after a series of rate hikes at the close of 2022. The most recent uptick means that today’s homebuyers will have to pay almost 50% more […]
Real Estate
Home Sellers Still Have the Upper Hand in These U.S. Metros
The spring buying season is usually a period of fast-paced activity from buyers and sellers alike, but with home prices falling from their peaks and mortgage rates once again nearing 7%, many would-be sellers are waiting on the sidelines and choosing not to list their homes. A seller’s market is losing steam amid a nationwide […]