A recent report by the Toronto Regional Real Estate Board (TRREB) shows that home sales fell by almost 50% last month from a year earlier, as interest rate increases kept affecting the once-hot real estate market. There were 3,117 sales reported in December in...

British Columbia is now the first province with a three-day cooling-off period for homebuyers after they’ve signed a deal to purchase a property. The new measure aims at providing buyers with more time to manage financing or home inspections after an offer has been...

Starting this year, certain foreign buyers will be not allowed to purchase residential property in Canada under the new rule which, according to the federal government, should improve housing affordability. However, many experts doubt that the two-year ban will have a significant influence on real estate...

Dear friends! The MortgageLegko.com team wishes all our clients and friends a Happy New Year! We wish peace to you and your loved ones, good health, success in all endeavors and financial well-being in 2023! Sincerely yours, Michael Tulchenetskiy and Denys Derzhavets

According to the latest survey by CIBC, repaying debt is the most popular financial goal for Canadians for the next year, as inflation, high interest rates and concerns over a possible recession are still there. The report shows that 18% of respondents say repaying...