Is Airbnb Really Causing the Housing Crisis?
Posted on Dec 19, 2023 in Market Conditions
Did Airbnb perpetuate the housing crisis?
In the early days of the coronavirus pandemic, Canada’s rental market cratered, particularly in major urban centres. Many of the large cities, like Toronto and Vancouver, saw condominium units flood the housing market, creating a crash in apartment rents, something that had not been seen in years.
It was a re...
Guide to Mortgage Renewal: How Do I Renew My Mortgage?
Posted on Nov 22, 2023 in Mortgages
During the pandemic-era housing boom, many homebuyers purchased residential properties at rock-bottom mortgage rates. In response to the national economy’s pressures, the Bank of Canada (BoC) slashed interest rates to near zero, allowing prospective homeowners to obtain greater purchasing power and acquire a detached house, townhome, or condominium...
What Is a Second Mortgage?
Posted on Nov 09, 2023 in Mortgages
A second mortgage is a financial tool that is seeing a resurgence among Canadian homeowners. With property values soaring, homeowners are sitting on significant untapped equity in their residences. Property owners are realizing the possibility of consolidating high-interest debts, financing home improvements, or even funding an investment property...
4 Things to Do With the Equity in Your Home
Posted on Oct 26, 2023 in Mortgages
The Canadian real estate market has seen significant price increases in recent years, particularly in major cities like Vancouver and Toronto. This growth has boosted home equity for many homeowners. With rising home values comes a noticeable uptick in home equity loans. Many homeowners are tapping into their home equity to finance everything from...
Investment Property Financing: What Potential Landlords Need to Know
Posted on Oct 19, 2023 in Property Management
Homeownership is deeply ingrained in Canadian culture. Many Canadians value the idea of owning property as a worthwhile investment. Compared to a volatile stock market, real estate offers stability, and there’s an innate comfort in investing in something you can see and touch.
Over the past few decades, the real estate market, especially in major ci...
Over the past few decades, the real estate market, especially in major ci...
How Do You Make a Low Ball Offer?
Posted on Oct 04, 2023 in First-Time Buyers
Could the Canadian housing market be in store for the return of the low-ball offer? While this buying strategy became all but extinct, given the heated housing market in the last couple of years, rising interest rates have caused many markets to cool and shift from strong seller’s markets to more balanced or even tilted in favour of buyers.Could th...
