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Tag Archives: Homeownership

First-time homebuyers see new opportunities, challenges in pandemic economy

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With mortgage rates at historic lows and price growth tapering in certain markets, the COVID-19 pandemic has presented both opportunities and challenges for first-time homebuyers. New buyers are seeing condo prices come within reach in downtown areas awash with vacant high rises. But young families are also being priced out of starter homes in suburbs [&hellip…

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“Uh oh, we’ve got to renew”

With Canada crashing headlong into what could be another destabilizing run-in with COVID-19, the economic uncertainty of April and May is returning full-bore to the Canadian marketplace. It’s disturbing news for homeowners, particularly those nearing the end of their mortgage deferral periods. If the unthinkable happens, and these borrowers lose both their income and their [&hellip…

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Home Prices Up 17% in September, But Some Signs of Cooling Emerge

The average home price in Canada surpassed $600,000 for the first time ever in September and home sales jumped nearly 46% compared to a year ago. But, beneath the headline-grabbing details from the Canadian Real Estate Association’s latest housing report, there were some underlying signs of cooling. But first, here’s a rundown of September’s stats: [&hellip…

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