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 ...
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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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These renovations will boost appraisal values the most
4/30/2019 | Posted in Home Sellers by Jessi Sandhu
Homeowners wanting to maximize the appraisal value of their home should think about outside space. ...
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Canadian homeownership rates still among highest globally
3/6/2019 | Posted in Canadian Housing Market by Jessi Sandhu
Homeownership rates in Canada remain among the highest in the world despite housing affordability concerns across the country, according to the Royal Bank of Canada (RBC). ...
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Canadian Rental Rates Rise At Fastest Pace In 30 Years
3/3/2019 | Posted in Canadian Housing Market by Jessi Sandhu
The cost of rental housing jumped by the most in 30 years in January, according to Statistics Canada data. ...
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Mortgage renewals have entered a new era
11/6/2018 | Posted in Mortgages and Real Estate by Jessi Sandhu
As Canadian mortgages come up for renewal, many households are starting to experience what TD Economics has dubbed a “completely new phenomenon” – higher ...
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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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Reverse mortgage: Is this the solution if you retire cash-poor?
7/18/2018 | Posted in Mortgages and Real Estate by Jessi Sandhu
A reverse mortgage can be a solution for some cash-strapped retirees, but it comes at a steep cost. ...
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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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Millennials driving Canada's hot real estate market
5/9/2018 | Posted in Canadian Housing Market by Jessi Sandhu
Almost six in 10 Canadian millennials are already homeowners, with more of this age group planning to buy a home in the next two years, according to a Genworth Canada survey ...
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5-year mortgage holders, brace yourselves
1/19/2018 | Posted in Mortgages and Real Estate by Jessi Sandhu
The Bank of Canada’s decision to raise its benchmark rate to 1.25% earlier this week will make renewals a significantly more daunting prospect for mortgage holders. ...
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Foreign buyers a minuscule portion of housing market: CMHC
12/21/2017 | Posted in Foreign Buyers by Jessi Sandhu
Foreign buyers make up a minuscule portion of the overall housing market in this country, new research shows, but what they own is more expensive and newer than the average ...
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Home values boost Canadian family net worth
12/8/2017 | Posted in Financial Health by Jessi Sandhu
Canadian families increased their net worth by 14.7% in the four years from 2012-2016 according to new data from Statistics Canada. ...
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3 in 10 Canadians consider themselves debt-free while carrying a mortgage
11/24/2017 | Posted in Mortgages and Real Estate by Jessi Sandhu
More than half of Canadians say they have good knowledge of debt management, yet many Canadians who hold a mortgage don’t believe they’re in debt at all. ...
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Almost half of Ontario homeowners expect their home to fund retirement
9/27/2017 | Posted in Ontario News by Jessi Sandhu
A large share of homeowners in Ontario are counting on home values increasing to ensure they have sufficient retirement funds. ...
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Why people are turning to their phones for mortgage advice
8/25/2017 | Posted in Mortgages and Real Estate by Jessi Sandhu
“Hey Siri, what’s the best mortgage rate?” ...
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GTA sellers face a refresher course in economics
8/25/2017 | Posted in GTA Real Estate by Jessi Sandhu
The basic lesson: A property is worth what a buyer is willing to pay ...
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Refinancing is driver of new loans growth: CMHC
8/9/2017 | Posted in Mortgage News by Jessi Sandhu
The number of new mortgages continued higher in 2016 but the share of first-time buyers slipped, CMHC says. The crown corporation reports that there were just over 1 million ...
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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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Homeowners worried over rate hike advised to lock in mortgages - experts
6/22/2017 | Posted in Mortgages and Real Estate by Jessi Sandhu
Homeowners with variable rate mortgages losing sleep over the increased chatter about a potential interest rate hike by the Bank of Canada should consider locking their rates in ...
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Why consumers should be wary of using the wildly popular home equity lines of credit as ATMs
6/9/2017 | Posted in Financial Health by Jessi Sandhu
A federal agency is warning consumers addicted to home equity lines of credit — a product increasingly driving debt — could find themselves at increased risk of ...
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More Canadian homeowners will renovate this year, but spend less to spruce up their space: CIBC Poll
5/30/2017 | Posted in Home Maintenance by Jessi Sandhu
With average household debt and housing prices at record highs across Canada, a new poll by CIBC finds that a growing number of Canadian homeowners (48 per cent) are choosing to ...
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A 10% hike to mortgage payments would sink almost 3 quarters of homeowners, Manulife says
5/25/2017 | Posted in Financial Health by Jessi Sandhu
Almost three quarters of Canadian homeowners would have difficulty paying their mortgage every month if their payments increased by as little as 10 per cent, a new survey from ...
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Obsession with home ownership driving Toronto affordability crisis, report finds
5/23/2017 | Posted in Toronto Real Estate by Jessi Sandhu
The Toronto area will need up to $150 billion in new home construction in the coming decade and most of that should be rental units, says a report from the Canadian Centre for ...
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Income volatility for 10 million Canadians: TD Bank Report
5/18/2017 | Posted in Financial Health by Jessi Sandhu
Around 10 million Canadians say they have experienced moderate to high levels of income volatility in the past year. ...
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Buyer's remorse: Most millennial homeowners are house poor and want to sell
4/24/2017 | Posted in Home Buyers by Jessi Sandhu
Many millennials face the understandable apprehension that they may never be able to afford a home in a market that’s continually surging to new heights. ...
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Single Canadians make up a quarter of homebuyers
4/13/2017 | Posted in Home Buyers by Jessi Sandhu
Almost 1 in 4 homebuyers is buying on their own, often due to unexpected life changes. A new survey from TD found that 69 per cent of divorced and 35 per cent of widowed ...
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Regulator launches broker database
4/4/2017 | Posted in Home Buyers by Jessi Sandhu
Homebuyers can now view their potential broker’s regulatory record in a now online portal, which allows consumers to search broker and company names to view disciplinary ...
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Impact of U.S. Fed rate hike - Warning
3/14/2017 | Posted in Mortgage Interest Rates by Jessi Sandhu
Locking in a rate before mortgages become more expensive is the best choice at present, as recent developments have pointed at a possible U.S. Federal Reserve rate hike in 2017. ...
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Should You Worry About Moisture on Windows?
3/9/2017 | Posted in Home Maintenance by Jessi Sandhu
You're standing by your window admiring the view. Then you notice it. Moisture has built-up around the edges of the glass. Should you worry? ...
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