Housing markets across Canada have grown exponentially more expensive over the last 10 years, placing homeowners under an increasing amount of financial pressure. A new study from Point2Homes has revealed where the nation’s homeowners are facing the greatest levels of housing unaffordability. According to Point2Homes, the share of income needed to afford a home has [&hellip…
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The Bank of Canada predicted that mortgage arrears would peak at 0.5% in Q2-2021, and although inauspicious, it presents a win-win opportunity for investors to step in and help struggling families remain in their homes. Buying foreclosed homes is typically associated with the United States, notably during the Great Recession, but according to the Real Estate [&hellip…
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Recent figures from Statistics Canada showed that the value of residential building permits nationwide increased by 34% annually, with British Columbia’s home construction sector leading the charge. Rising to a total of $6.4 billion in November, the total value of Canadian residential permits grew by 10% monthly, breaking the previous record set in September 2020, according [&hellip…
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