Closing costs are a one-time fee associated with the sale of a home and are separate from the mortgage insurance and down payment. Typically, these costs range from 1.5-4% of the purchase price, depending on your location. Factoring these costs into your maximum budget can help you narrow down an entirely affordable home and ensure future financial stability and security.

There is a housing crisis in Canada and it is impacting both prospective home buyers and prospective tenants. Simply put, there are more aspiring occupants than there are dwellings to put them in. Of course, the problem isn’t consistent in all locations across the country. Remote areas and areas with limited growth and slim employment opportunities aren’t impacted. But high-density urban areas, areas where population is consistently growing and areas within reasonable community distance of large centres are definitely feeling the pinch. And that pretty much encompasses all of Southern Ontario.

Not sure if it is due to the consistent drop in interest rates or the weather, or if it is a combination of both, but whatever the reason, the market is continuing strong long after we would normally see a downturn. And that is true both for average sale price and also for unit sales.

When purchasing a pre-construction condominium in Ontario, it's essential to understand the financial obligations during the interim occupancy period—the phase between moving into your unit and the official transfer of ownership. This newsletter will explore some of the common requirements that purchasers of new builds will need to know when purchasing a pre-construction condo unit.

With the first in a series of Bank of Canada rate drops having begun in June, many individuals are looking at the housing market with renewed vigor.

Pretty much every year they spend millions of dollars that they don’t have. Now I’m not saying that the money they spend is not spent on worthwhile endeavours. Health care, enhanced infrastructures, education. The problem is that every dollar they spend over and above what they take in adds to the annual deficit and increases the national debt. And that debt will have to be re-paid one day. And in the meantime, the debit will have to be serviced. The interest needs to be pa