3/18/2020 | Posted in Canada Living by Shavin Patel
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The Government of Canada is taking immediate, significant and decisive action to help Canadians facing hardship as a result of the COVID-19 outbreak.

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Real Estate & Mortgage News

  9/16/2019 | Posted in Home Buyers by Shavin Patel
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In an election announcement on Thursday, Liberal Party Leader Justin Trudeau promised to turbocharge the First-Time Home Buyer Incentive (FTHBI) for Canadians who live in ... More

Real Estate & Mortgage News

  9/5/2019 | Posted in Most Livable by Shavin Patel
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The Economist Intelligence Unit (EIU) unveiled its 2019 Global Liveability Index on Tuesday, listing the top 10 most livable cities in the world.

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Real Estate & Mortgage News

  8/27/2019 | Posted in Commercial Real Estate by Shavin Patel
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Declining bond yields are putting downward pressure on cap rates and creating opportunity for investment in Canada’s commercial sector.

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Real Estate & Mortgage News

  8/2/2019 | Posted in Financial Health by Shavin Patel
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The average Canadian household paid nearly $40,000 in taxes last year, more than the combined cost of clothing, food and shelter, according to a new report.

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Real Estate & Mortgage News

  7/11/2019 | Posted in Canadian Housing Market by Shavin Patel
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Canadian housing starts trended higher in June, primarily due to higher trending row and apartment starts, in urban areas.

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Real Estate & Mortgage News

  6/24/2019 | Posted in Canadian Housing Market by Shavin Patel
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The residential construction sector led the gains for overall Canadian construction investment in April, the latest month of figures released by Statistics Canada.

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Real Estate & Mortgage News

  6/18/2019 | Posted in First Time Home Buyers by Shavin Patel
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While more details about the First-Time Home Buyer Incentive were released this week, there remains a glaring problem.

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Real Estate & Mortgage News

  6/18/2019 | Posted in Home Buyers by Shavin Patel
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The incentive will allow eligible first-time homebuyers who have the minimum down payment for an insured mortgage with CMHC, Genworth or Canada Guaranty, to apply to finance a ... More

Real Estate & Mortgage News

  6/11/2019 | Posted in Canadian Housing Market by Shavin Patel
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The trend in housing starts was 201,983 units in May 2019, compared to 205,717 units in April 2019, according to Canada Mortgage and Housing Corporation (CMHC).

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Real Estate & Mortgage News

  6/10/2019 | Posted in Canadian Housing Market by Shavin Patel
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Last week’s market reports from real estate boards across Canada indicate there is recovery underway with even the tough market conditions in Vancouver suggesting a ... More

Real Estate & Mortgage News

  6/7/2019 | Posted in Interest Rates by Shavin Patel
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Spring is typically a busy time for home sales, so lenders are competing fiercely right now for new business — and that's adding up to record low rates for ... More

Real Estate & Mortgage News

  6/5/2019 | Posted in Commercial Real Estate by Shavin Patel
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Canada’s vacancy rate for industrial properties stood at a historic low of 3% during the first quarter of 2019, pointing to highly positive prospects for the asset class ... More

Real Estate & Mortgage News

  6/5/2019 | Posted in Home Owners by Shavin Patel
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Canadian homeowners continue to cut back on home renovation spending in 2019: CIBC Poll

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Real Estate & Mortgage News

  5/14/2019 | Posted in Commercial Real Estate by Shavin Patel
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A report from CBRE forecasts rising demand from domestic and international investors which will boost investment in the sector beyond 2018’s $1.5 billion and the 10-year ... More

Real Estate & Mortgage News

  5/14/2019 | Posted in Financial Health by Shavin Patel
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Higher interest rates and a record-large debt burden are taking their toll on Canadians, with the number of households filing for insolvency hitting an eight-year high in the ... More

Real Estate & Mortgage News

  4/29/2019 | Posted in Canadian Economy and Interest Rates by Shavin Patel
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Canadians now owe an average of $1.79 for every dollar of disposable income.

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Real Estate & Mortgage News

  4/25/2019 | Posted in Mortgages and Real Estate by Shavin Patel
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The self-employed are among the growing number of Canadians turning to private lenders in order to obtain a mortgage.

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Real Estate & Mortgage News

  4/22/2019 | Posted in Financial Health by Shavin Patel
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Sign of deteriorating financial stability for many people in the country.

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Real Estate & Mortgage News

  4/1/2019 | Posted in Real Estate Market by Shavin Patel
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The start of 2019 saw an uptick for Canada’s construction sector as both residential and non-residential posted gains; and a stronger showing for real estate ... More

Real Estate & Mortgage News

  3/6/2019 | Posted in Canadian Housing Market by Shavin Patel
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Homeownership rates in Canada remain among the highest in the world despite housing affordability concerns across the country, according to the Royal Bank of Canada (RBC).

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Real Estate & Mortgage News

  2/25/2019 | Posted in Interest Rates by Shavin Patel
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The Bank of Canada began raising its key overnight lending rate in July 2017 and it’s now at the highest level in a decade. Accustomed to historically low and even ... More

Real Estate & Mortgage News

  1/5/2019 | Posted in Canadian Economy and Interest Rates by Shavin Patel
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Ahead of the Bank of Canada’s first policy meeting of the year, scheduled for next week, Capital Economics is back at it again.

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Real Estate & Mortgage News

  12/19/2018 | Posted in Canadian Economy and Housing Market by Shavin Patel
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Canada’s economy will slow down in 2019 with consumer spending impacted by weaker employment, cooling house prices, high levels of debt, and rising interest rates.

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Real Estate & Mortgage News

  12/12/2018 | Posted in Canadian Housing Market by Shavin Patel
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The trend in housing starts was 210,038 units in November 2018, compared to 206,460 units in October 2018, according to Canada Mortgage and Housing Corporation ... More

Real Estate & Mortgage News

  12/6/2018 | Posted in Financial Health by Shavin Patel
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The TFSA contribution limit for 2019 is $6,000, up from $5,500 in 2018.

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Real Estate & Mortgage News

  11/30/2018 | Posted in Home Buyers by Shavin Patel
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CMHC has published its financial report for the third quarter of 2018 which also reveals insights into this year’s homebuyers.

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Real Estate & Mortgage News

  11/28/2018 | Posted in Commercial Real Estate by Shavin Patel
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Canadian commercial property sales activity will remain robust over the near term, against a backdrop of positive overall sector performance.

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Real Estate & Mortgage News

  11/28/2018 | Posted in Rental Market by Shavin Patel
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Canada added 37,000 apartments this year, but demand rose by even more to 50,000 units.

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Real Estate & Mortgage News

  11/26/2018 | Posted in Real Estate Investments by Shavin Patel
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Investment in Canada’s building construction edged 0.3% higher in September compared to the previous month.

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Real Estate & Mortgage News
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