45% with variable mortgages say they would have to sell in under 9 months: Yahoo/Maru Poll
2/2/2023 | Posted in Home Owners by Jessi Sandhu
As Canadian homeowners grapple with the Bank of Canada's flurry of interest rate hikes, one in three say they won't be able to handle higher rates for long before they ... More
More Canadians turning to reverse mortgages amid savings crunch
1/19/2023 | Posted in Home Owners by Jessi Sandhu
An increasing number of Canadians appear to be tapping into their homes for extra cash.
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60-30-10 Color Rule: How to Use It & How to Break It
9/28/2022 | Posted in Home Owners by Jessi Sandhu
The 60 percent + 30 percent + 10 percent proportion is meant to give balance to the colors used in any space and is incredibly simple to use.
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RBC on the state of Canada's household wealth
9/21/2022 | Posted in Home Owners by Jessi Sandhu
Significant slowdown in housing, bond, and equity markets had a major influence on Q2 figures
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HELOC debt continues to rise in Canada
8/31/2022 | Posted in Home Owners by Jessi Sandhu
More and more Canadians are drawing on the wealth represented by their homes.
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Canadians want to age in place and are turning to reverse mortgages to make that happen
5/26/2022 | Posted in Home Owners by Jessi Sandhu
More than 9 out of 10 Canadians want to be able to live out their retirement years in the comfort of their home, and reverse mortgages are increasingly being used to make that ... More
Cities worry COVID-19 could shatter their budgets
3/27/2020 | Posted in Home Owners by Jessi Sandhu
It's very likely that COVID-19 will shatter Ontario's municipalities' budgets, and without provincial or federal help they will have no option but to increase the ... More
Homeowners' spending on renovations falls to 6-year low
6/5/2019 | Posted in Home Owners by Jessi Sandhu
Canadian homeowners continue to cut back on home renovation spending in 2019: CIBC Poll
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7/27/2018 | Posted in Home Owners by Jessi Sandhu
Canadians spent nearly $78bln on renovations last year, but a slower sales cycle could impact that figure.
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Canadian homeowners trim spending on home renovations in 2018
6/1/2018 | Posted in Home Owners by Jessi Sandhu
Spending drops as much as 25 per cent in some provinces as more homeowners focus on wear and tear.
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If you haven't disclosed your home's rental suite, you may be breaking the law
8/6/2017 | Posted in Home Owners by Jessi Sandhu
A rental suite is a great way to help homeowners meet their mortgage payments at a time when home prices are creeping ever upward in some parts of Canada.
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How principal-residence tax changes will affect every Canadian homeowner
10/8/2016 | Posted in Home Owners by Jessi Sandhu
Earlier this week, Finance Minister Bill Morneau introduced tax changes that were aimed primarily at foreign investors in Canadian real estate to ensure they abide by our ... More
Common real estate scams and how to avoid them
10/4/2016 | Posted in Home Owners by Jessi Sandhu
For most people, buying a first house or condo is exciting and a big leap into adulthood. But it doesn’t take long for the cold hard reality of mortgage payments, taxes ... More
Canadian key household debt ratio hits record high
9/15/2016 | Posted in Home Owners by Jessi Sandhu
Canadian household debt ratios hit a record high over the spring, according to new figures released Thursday by Statistics Canada.
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Get used to low interest rates, slow growth
9/15/2016 | Posted in Home Owners by Jessi Sandhu
Good news and bad news for homeowners; low interest rates are set to be around for a while but the Canadian economy is likely to remain sluggish.
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Paint Colors That Make a Room Look Bigger
9/13/2016 | Posted in Home Owners by Jessi Sandhu
A room’s size is sometimes a matter of perception, and the paint color on the walls has a lot to with that perception. Some colors can actually make a room appear ... More
Lender warns over rising household debt
8/25/2016 | Posted in Home Owners by Jessi Sandhu
Canadians are borrowing more as low interest rates help drive a thirst for credit. Non-mortgage loans increased in the second quarter of 2016 according to RBC, especially auto ... More
Each Canadian household to spend around $13,000 on renovations in 2016: CIBC
6/24/2016 | Posted in Home Owners by Jessi Sandhu
Canadian homeowners are projected to spend an average of $13,017 per household on renovations and home improvements this year, according to the latest poll by CIBC.
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Household debt eases but mortgages remain strong
6/15/2016 | Posted in Home Owners by Jessi Sandhu
Canadians owe $1.65 for each dollar of disposable income according to Statistics Canada with an increase in debt levels driven by mortgage borrowing.
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How much will it cost if Ontario makes you kiss your gas furnace goodbye?
5/25/2016 | Posted in Home Owners by Jessi Sandhu
The ambitious climate change initiative proposed by Environment Minister Glen Murray and exposed by the Globe and Mail is bound to come with a hefty bill, critics caution.
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