by Isabelle Khoo It doesn’t look like the housing bubble will pop anytime soon. Despite high prices, housing demand in Canada continues to climb and sales continue to soar. According to Toronto and Vancouver real estate board data, home sales rose by 24 per cent year over year in July in both cities. The increase was fuelled by low interest rates and high demand. The Bank of … Read More

By: Pete Evans  The government on Monday released details of a program announced during the last federal budget, an initiative that could see Canada’s housing agency contribute up to 10 per cent of the price of a buyer’s first home if certain conditions are met. Under the fine print for the First Time Home Buyer Incentive program, which was announced in March and will officially … Read More

by Ephraim Vecina For a growing number of Canadians, shared financial or property goals are now more important than looks when it comes to evaluating potential romantic partners. The HSBC-sponsored Beyond the Bricks annual survey, which polled 1,077 Canadians regarding their attitudes toward home ownership, found that fully 61% of Canadian millennials hold serious anxieties regarding housing. A significant proportion of … Read More

by Duffie Osental With the federal election looming large, the Ontario Real Estate Association is lobbying all four major parties to make homeownership cornerstones of their respective campaigns. The real estate association has been particularly vocal about the plight of first-time homebuyers, many, if not most, of whom are shuttered out of the housing market for reasons ranging from general affordability … Read More

While it didn’t happen this week, the likelihood that the Bank of Canada slashes interest rates is growing, according to observers. “If we were only looking at domestic factors, we might think that the Bank would soon start to consider further rate hikes,” said Stephen Brown, an economist with Capital Economics. “Economic growth is on track to outperform the Bank’s … Read More