How Long Does Bad Credit Stay on Your Record?
Mistakes happen, especially with finances. A missed or late payment can stain your credit report, but how long does bad credit stay on your record? If your credit score has taken a hit and you’re on a plan to clear your debts, how long before your score recovers enough for you to qualify for a […]
The Great Reset: How The Covid Pandemic Continues to Shape Homebuying Priorities and Preferences
Welcome to the homebuying saga of the 2020s – where the COVID-19 pandemic has thrown us all for a loop, turning our housing aspirations into a rollercoaster ride of uncertainties and unexpected twists. It’s been a whirlwind of virtual tours, bidding wars, and existential questions about whether that extra bedroom is really worth the extra […]
Green Living, Green Investing: The Surging Demand for Eco-Friendly Homes
In an era where sustainability is no longer just a buzzword but a way of life, the real estate landscape is undergoing a profound transformation. As the world grapples with pressing environmental concerns, there has been a notable shift towards eco-friendly homes, driven by a growing awareness of the need to reduce our carbon footprint […]
The Millennial Movement: Redefining Homeownership in the Digital Age
In the ever-evolving tapestry of real estate, millennials are emerging as a formidable force, reshaping the landscape of homeownership with their unique preferences and digital-savvy approach. As this dynamic generation steps into their prime home-buying years, they are infusing the market with a fresh perspective, challenging traditional norms, and embracing innovative solutions. Gone are the […]
Mortgage Agent Guide for First-Time Homebuyers in Canada
Are you buying a new home in Canada? Getting the best mortgage options as a new home buyer may be challenging for you. As you do not know about the housing market trends, the Government and private lenders. A good mortgage agent helps you in this complete process. Hiring a professional who can prepare documents […]
High-Rate Hurdles: Mortgage Brokers Forge Ahead with Grit and Grace
In the world of mortgage lending, the current high-rate environment has posed considerable challenges for both seasoned professionals and fresh faces venturing into the realm of brokering. With the benchmark lending rate perched at a 22-year high of 5.00%, the stakes have never been higher, leaving many to ponder when the much-anticipated rate relief will […]
New Year, New Trends: Housing Starts To Take a Step Back in January
As the clock struck midnight on the dawn of 2024, the Canadian housing market witnessed a subtle shift in tempo, with the annual pace of housing starts in January slowing by 10% compared to the bustling December scene. According to the latest data from the Canada Mortgage and Housing Corp. (CMHC), the seasonally adjusted annual […]
Forecasting the Future: Benjamin Tal’s Call to Action for Canada’s Housing Planning Crisis
In the grand saga of Canada’s housing landscape, a recent report by CIBC’s deputy chief economist, Benjamin Tal, has ignited fresh discourse on the housing supply conundrum. Titled ‘The housing crisis is a planning crisis,’ Tal’s research unveils a sobering revelation: the gap in housing supply projections may be far wider than previously envisaged, possibly […]
The Impact of Soaring Interest Rates on Canadians’ Romantic Escapades
As Cupid sharpens his arrows for the impending Valentine’s Day, a survey has unveiled a sobering reality: the impact of soaring interest rates on Canadians’ romantic escapades. Conducted by 360Lending, the survey reveals that nearly half of respondents have experienced or fear that higher mortgage or rent payments have cast a shadow over their love […]
Unveiling Canada’s Housing Conundrum: Bank of Canada’s Macklem Debunks Monetary Policy Myths
Amidst the fervent discussions surrounding Canada’s housing market dynamics, Bank of Canada Governor Tiff Macklem delivered a sobering reality check today, emphasizing that while monetary policy holds weighty influence, it’s not the singular remedy for the nation’s housing affordability woes. In his meticulously prepared remarks at the Montreal Council on Foreign Relations, Macklem underscored the […]