Just when we thought the Toronto housing market was at its peak, a 130-year-old heritage home has brought down the citywide average by about, oh, a million dollars. That’s right, it’s been listed for $1. (Yes, you read that correctly.) “We’re just putting it out there and seeing what potential it has,”
“How the hell can I afford to buy a house?” That’s the question HGTV’s Income Property host Scott McGillivray says he gets the most from first-time home buyers. And you know what? There’s no easy answer. [ad_bb1] Which is why McGillivray joined CIBC’s Mobile Mortgage Advisor Jason John as the
It seems like Canada’s low loonie and sky-high housing prices are making headlines every other day. This time, Canada is receiving an international shout-out because it’s luxury property markets have become the world’s hottest and most sought after. Foreign demand and the weak Canadian dollar have contributed to a sudden peak in luxury
Another day, another heaping pile of debris sold for the price of $250,000 Netflix subscriptions in Vancouver. Such is the state of property values in Vancouver, the world’s third-least affordable housing market: a home that is by all accounts the mere skeleton of a livable structure has sold for $2.4
As if attempting to purchase a house in our cities wasn’t stressful enough when it comes to the whole ‘paying for it part…’ Starting today, Canadian homebuyers now face larger down payment requirements for properties over $500,000. You’ll now have to cough up a down payment of at least 10
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