Majority of aspiring homeowners awaiting rate cuts before buying: BMO survey
The majority of Canadians aspiring to buy a home say they will push their plans to next year or later to wait for interest rates to drop, a new survey shows.
The majority of Canadians aspiring to buy a home say they will push their plans to next year or later to wait for interest rates to drop, a new survey shows.
As more Canadians find themselves struggling to afford or find housing, the country's smallest province is the only one that can point to legislation recognizing housing as a human right.
The challenges facing home buyers mean it's all the more important to do research and negotiate on rates, mortgage experts say, though they also caution that there's more to focus on than just what looks like the cheapest upfront option.
Solving a longstanding construction worker shortage will be key to boosting housing supply, experts say, as Canada's national housing agency continues to forecast housing start levels that fall short of growing demand.
The journey to home ownership can be exciting, but personal finance columnist Christopher Liew warns about the trappings of becoming 'house poor' -- where an overwhelming portion of your income is devoured by housing costs. Liew offers some practical strategies to maintain better financial health while owning a home.
Canada Mortgage and Housing Corp. says the annual pace of housing starts in March declined seven per cent compared with February.
While many celebrity homes look less than lived-in, ranging from spotless minimal to ostentatiously palatial, actor Emma Roberts' Hollywood Hills home is made for curling up with a good book -- or several -- with warm tones, comfortable couches, and antique curiosities in each room (also, a lagoon-style pool in the backyard for summer reads).
The federal Liberals have unveiled their plan to solve the housing crisis, building on recent announcements with new tax incentives, more than a billion dollars for homelessness and a country-wide effort to build more housing on public lands.
The Canadian Real Estate Association says it's now expecting the national average home price to climb 4.9 per cent on an annual basis to $710,468, more than double the hike it had predicted at the start of 2024.
The federal government will create a new 'Canadian Renters' Bill of Rights,' which would require landlords to disclose their properties' rental price history to prospective tenants.
RBC says the recently announced cap on new study permits won't lead to an outright decrease in demand for rental housing from international students this year.
A new report by Zoocasa looks at whether renting or owning a home is cheaper in 26 markets across Canada. But one expert says it's not as cut and dry as that.
Rental vacancy rates are the lowest in the country leaving renters in some Canadians cities priced out. Here are the least affordable places to rent.
Canada's new limit on visas for international students will cool the high demand for rental units and slow the rate of rent hikes, but it won't necessarily be a big factor in solving the country's housing affordability crisis, observers say.
Many Canadians may be looking for ways to navigate rising rental costs, as well as what action to take when they suspect a landlord might be demanding more than they're permitted to.
A Toronto-based real estate company says it is planning to build 5,000 new rental units in urban centres across the country as a result of the federal government's decision to eliminate GST charges on rental developments.
The competitive rental market across the country is seeing multiple factors combine: high interest rates deter buyers and add to rental demand, still-high inflation is squeezing renter budgets, there's an undersupply of purpose-built rental units and population growth is fuelling demand.