9/26/2024 | Posted in Home Owners by
  SHARE

Canada’s banking regulator is easing the burden on homeowners trying to switch their lender when renewing their mortgage by dropping the need to reapply the stress ... More

Real Estate & Mortgage News

  5/30/2024 | Posted in Home Owners by
  SHARE

A recent study on Statistics Canada data shines light on trend

... More

Real Estate & Mortgage News

  10/18/2023 | Posted in Home Owners by
  SHARE

Police forces and legal experts in Ontario are pushing for the provincial government to make legislative changes that would reduce elaborate fraud scams targeting ... More

Real Estate & Mortgage News

  10/12/2023 | Posted in Home Owners by
  SHARE

Canada’s banking regulator says the sustained increases in interest rates over the past 18 months have challenged some borrowers’ ability to pay and led to a ... More

Real Estate & Mortgage News

  10/2/2023 | Posted in Home Owners by
  SHARE

With interest rates increasingly expected to stay higher for longer, many of the homeowners who locked in low rates years ago are likely bracing themselves for financial pain ... More

Real Estate & Mortgage News

  3/27/2020 | Posted in Home Owners by
  SHARE

It's very likely that COVID-19 will shatter Ontario's municipalities' budgets, and without provincial or federal help they will have no option but to increase the ... More

Real Estate & Mortgage News

  6/5/2019 | Posted in Home Owners by
  SHARE

Canadian homeowners continue to cut back on home renovation spending in 2019: CIBC Poll

... More

Real Estate & Mortgage News

  7/27/2018 | Posted in Home Owners by
  SHARE

Canadians spent nearly $78bln on renovations last year, but a slower sales cycle could impact that figure.

... More

Real Estate & Mortgage News

  6/1/2018 | Posted in Home Owners by
  SHARE

Spending drops as much as 25 per cent in some provinces as more homeowners focus on wear and tear.

... More

Real Estate & Mortgage News

  8/6/2017 | Posted in Home Owners by
  SHARE

A rental suite is a great way to help homeowners meet their mortgage payments at a time when home prices are creeping ever upward in some parts of Canada.

... More

Real Estate & Mortgage News

  10/8/2016 | Posted in Home Owners by
  SHARE

Earlier this week, Finance Minister Bill Morneau introduced tax changes that were aimed primarily at foreign investors in Canadian real estate to ensure they abide by our ... More

Real Estate & Mortgage News

  10/4/2016 | Posted in Home Owners by
  SHARE

For most people, buying a first house or condo is exciting and a big leap into adulthood. But it doesn’t take long for the cold hard reality of mortgage payments, taxes ... More

Real Estate & Mortgage News

  9/15/2016 | Posted in Home Owners by
  SHARE

Canadian household debt ratios hit a record high over the spring, according to new figures released Thursday by Statistics Canada.

... More

Real Estate & Mortgage News

  9/15/2016 | Posted in Home Owners by
  SHARE

Good news and bad news for homeowners; low interest rates are set to be around for a while but the Canadian economy is likely to remain sluggish.

... More

Real Estate & Mortgage News

  9/13/2016 | Posted in Home Owners by
  SHARE

A room’s size is sometimes a matter of perception, and the paint color on the walls has a lot to with that perception. Some colors can actually make a room appear ... More

Real Estate & Mortgage News

  8/25/2016 | Posted in Home Owners by
  SHARE

Canadians are borrowing more as low interest rates help drive a thirst for credit. Non-mortgage loans increased in the second quarter of 2016 according to RBC, especially auto ... More

Real Estate & Mortgage News

  6/24/2016 | Posted in Home Owners by
  SHARE

Canadian homeowners are projected to spend an average of $13,017 per household on renovations and home improvements this year, according to the latest poll by CIBC.

... More

Real Estate & Mortgage News

  6/15/2016 | Posted in Home Owners by
  SHARE

Canadians owe $1.65 for each dollar of disposable income according to Statistics Canada with an increase in debt levels driven by mortgage borrowing.

... More

Real Estate & Mortgage News

  5/25/2016 | Posted in Home Owners by
  SHARE

The ambitious climate change initiative proposed by Environment Minister Glen Murray and exposed by the Globe and Mail is bound to come with a hefty bill, critics caution.

... More

Real Estate & Mortgage News

  5/3/2016 | Posted in Home Owners by
  SHARE

The Liberal government said its plans to make it easier for landlords to evict problem tenants will lead to more affordable housing, but tenants' rights groups blasted the ... More

Real Estate & Mortgage News

  3/15/2016 | Posted in Home Owners by
  SHARE

Canadian’s household debt continued its upward trajectory in the fourth quarter of 2015. The latest data from Statistics Canada shows that average debt rose by 1.5 per ... More

Real Estate & Mortgage News

  11/20/2015 | Posted in Home Owners by
  SHARE

Colourful leaves and cooler temperatures are a sign that winter is on its way. Harsh winter winds, freezing temperatures, rooftop snow and ice build-up can cause damage to your ... More

Real Estate & Mortgage News

  11/12/2015 | Posted in Home Owners by
  SHARE

Electricity prices in Ontario rose in November, pushing the average household hydro bill up by 3.4 per cent. There are some things you can do to keep your bill ... More

Real Estate & Mortgage News

  10/29/2015 | Posted in Home Owners by
  SHARE

The federal government isn't the only one spending on construction projects of late, as Scotiabank said Wednesday that Canadians will spend a record $53 billion this year ... More

Real Estate & Mortgage News

  8/13/2015 | Posted in Home Owners by
  SHARE

Canadian households are carrying more debt on average than they were last year but it is generally as the result of “good” spending. A report from mortgage lender ... More

Real Estate & Mortgage News

  8/8/2015 | Posted in Home Owners by
  SHARE

In the heart of Toronto’s overheated housing market, where the average detached home now sells for more than $1 million, Harper vowed to make life better not for those ... More

Real Estate & Mortgage News

  7/24/2015 | Posted in Home Owners by
  SHARE

Homebuyers looking for a mortgage are finding conditions are getting tougher if they are self-employed, at a time when there is an increasing number of self-employed Canadians. ... More

Real Estate & Mortgage News

  7/16/2015 | Posted in Home Owners by
  SHARE

Canada’s ageing housing stock together with influence from TV shows has led to more spending on renovations. Figures from the Altus Group show that Canadian households ... More

Real Estate & Mortgage News

  6/16/2015 | Posted in Home Owners by
  SHARE

A survey by Manulife Bank of Canada says nearly half of Canadian homeowners are taking steps to whittle down their mortgage debt, but many would be in trouble if their monthly ... More

Real Estate & Mortgage News

  5/21/2015 | Posted in Home Owners by
  SHARE

Canadian consumers may be carrying record levels of debt but they are doing so responsibly. The Fraser Institute’s Phillip Cross, a former chief economist at Statistics ... More

Real Estate & Mortgage News
Ask Sunny Purewal

Thinking of buying or selling a property, or have a question regarding the real estate market? Fill out the form below and I'll get back to you promptly.