In April, a significant home prices increase in Toronto started slowing down, dragged by a possibility of potential buyers being pushed out of the market. According to the Toronto Regional Real Estate Board (TRREB), there were 13,663 homes sold in the Greater Toronto Area...

On Monday, an improved version of the government’s First-Time Home Buyer Incentive will take force. Almost five months after the changes were offered, the Department of Finance and Canada Mortgage and Housing Corporation (CMHC) have improved the eligibility requirements for homebuyers in Toronto, Vancouver and...

In case you believe prices for detached and semi-detached houses in Canada are sky-rocketing, pay attention to Ontario’s cottage country. The recent report by the Canadian Real Estate Association (CREA) says the national home prices were up by 20.1% annually. Greater Toronto showed a...

The recent report by Borrowell shows that COVID-19 relief measures and changes in everyday habits caused by the pandemic may have led to credit score increases all over the country. According to Borrowell, the average credit score in Canada was up by 18 points...

We are getting this question every day – Can I get pre-approval and go firm, without financing condition to have better chances winning bidding war? It looks like many Canadians truly believe that a mortgage pre-approval means they will definitely get a mortgage. However,...