Since the Bank of Canada (BoC) started raising interest rates about a year ago, economists and market analysts have been discussing the possibility of the country slipping into a recession. Recent economic data make both cases: the Canadian economy is on the brink of an economic downturn, and the nation will avert a recession. But whatever the economic landscape will shape out to be in the coming months, a considerable percentage of consumers are still feeling confident about the state of... [read more]

Purchasing a home in the Canadian real estate market will be one of the most significant decisions of your life. Therefore, you need to know what you are paying for as you find a home to budget the home-buying process accurately. One of the expenses associated with buying or selling a detached house, a townhome, or a condominium is closing costs. These are a wide range of fees generally paid at the end of the transaction, accounting for roughly one percent to four percent of the overall... [read more]

Over the last couple of years, various surveys have revealed the same thing: prospective homeowners are concerned that they will be unable to buy a home because they cannot afford the down payment.  Indeed, with Canadian Real Estate prices way above their pre-pandemic highs, plus interest rates at their highest levels since the global financial crisis, it is getting harder for younger Canadians to dip their toes in the housing market.  Under the federal government’s... [read more]