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

From 2023 on into 2024 history is repeating itself. 2022 as we’ve seen was a year unique unto itself. After coming off the frenzied real estate market of covid with its multiple offers and enormous price hikes, 2022 was a year of corrections. The market declined steadily from a February peak of $863,057 right down to a December low of $656,337. A drop of $206,720. Quite a drop.

In our previous article, we reviewed the obligations of home builders and the role of Tarion in protecting homeowners from losses of their deposit money and issues of delays. We will now consider the types of protections for individuals who discover issues with their home before and after closing their real estate transaction.

August 29th was a wonderful day! A mix of sun and cloud with no rain in sight. Temperatures in the mid 70’s for those of you, who like me, still think in Fahrenheit. Warm enough to be outside in shirtsleeves even on into the evening. You just never know when you get into the last week of August. Can be unseasonably warm and sunny, but it can also, on occasion, have a real chill in the air. Especially into the evening. We lucked out!

Looking to buy your first home? Thinking about making a move? Whatever your goals, when it comes to getting a mortgage, there are a few things you can do in advance to make the mortgage process easier!