There is bad news for homeowners today: the value of one of the largest investment you’ve made is going down. And there’s good news: owning a home is still the best investment you will probably ever make. There are different forecasts on how much...

During the previous two months, Canada’s economic growth showed signs of slowing down, following a strong beginning of 2022, amid extremely high inflation and growing interest rates. According to Statistics Canada, the output in June was up by 0.1% only, following no changes at...

Renters in Toronto are leaving the discounts zone they have been enjoying during COVID-19 lockdowns, as rents are fully offsetting pandemic losses and reaching record high levels.   According to the recent report by Toronto Regional Real Estate Board (TRREB),  an average monthly rent on...

This year, interest rate hikes have been so sharp that Canadian homeowners who are facing a mortgage renewal during the next 6 months may deal with larger payment amounts even if they have been paying towards their principal for some time already.  For many...

The latest report by RBC shows that Canada’s real estate market may be dealing with its largest downturn in 40 years. Following a period of skyrocketing home prices during the pandemic with more than 50% gains in certain markets, the national home prices may...