StatCan: Nearly Half of Canadians Worry About Shelter Costs Many Canadians worry that they are only a few dollars away from financial disaster. Canadian Social Survey Quality of Life and Cost of Living for Q3 2022 findings were recently released by Statistics Canada (Stat Can). Nearly a third of households struggle to make ends meet […]
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How to determine the mortgage I can afford? Real estate purchases financed by mortgages typically represent the single largest investment most people ever make in their lifetimes. What you can afford to borrow is based on a number of factors beyond just what a bank is willing to lend you. You should take stock of
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What is mortgage affordability? After saving up for a sizable down payment, you should then determine how much of a mortgage you can afford, which is the amount you will pay back to the lender each month along with interest. Your mortgage will equal the purchase price of your property minus the amount you have
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BoC Index: Canadian Housing Affordability Unsustainable Even while Canadian real estate has never been cheap, it has rarely been this costly in recent history. For the third quarter of 2022, the Housing Affordability Index (HAI) published by the Bank of Canada (BoC) reached a new record high not seen since 1983. What this means is
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CANADA HOPES TO WELCOME HALF A MILLION IMMIGRANTS BY 2025, BUT CAN THE COUNTRY KEEP UP? Policymakers say increased immigration is needed to boost Canada’s economy and reduce labour shortages, yet population expansion causes growing pains. Canada increased by 700,000 inhabitants in a year, about the same as Mississauga. Canada adds a big city each
Canada hopes to welcome half a million immigrants by 2025, but can the country keep up? Read More »
