Despite rising affordability challenges, the majority of young Canadians still view homeownership as a valuable investment, according to a recent Royal LePage survey. A full 84% of Canadians aged 18 to 34 said homeownership is a worthwhile investment, with even higher percentages in Saskatchewan and Manitoba (94%) and Atlantic Canada (93%). Of those who don’t currently […]

The federal government has added 56 properties to a new public lands bank of locations that are suitable for long-term leases so developers can build housing, a move the Housing Minister says will help boost the supply of homes Canadians can afford. Sean Fraser made the announcement Sunday in Halifax just ahead of a three-day […]

Falling mortgage rates haven’t yet had a a significant impact on real estate activity, according to recent data. National home sales in July were down 0.7% from the previous month, the Canadian Real Estate Association reported today. While activity remains 4.8% higher compared to a year ago, sales are still down roughly 9% below their pre-pandemic level. […]

An estimated 2.2 million mortgages have either come up for renewal in 2024 or are set to renew in the coming year, according to data from the Canada Mortgage and Housing Corporation (CMHC). This represents more than 45% of all outstanding mortgages in Canada.   While those with variable-rate mortgages have already felt the sting […]

Homeowners appear to be increasingly looking around for the best option With a glut of mortgages coming up for renewal in Canada, scores of homeowners are assessing their options – but how many are turning to mortgage brokers for advice, instead of simply renewing immediately with their bank? Recent Mortgage Professionals Canada (MPC) research showed […]