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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Fitch Ratings: Canadian Real Estate Prices to Drop Double-Digit, Delinquencies Rise According to a major credit rating agency, the decline in the value of Canadian real estate will continue into next year. The 2023 projection that was provided by Fitch Ratings predicts significantly lower property prices for the following year. After three decades of steady
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Renting is increasing among all ages. There is a need for better legal protection—and respect After decades of reliability, the Canadian dream of homeownership is beginning to look more like a pipe dream. Rising interest rates and stagnant property markets have put a strain on potential purchasers’ budgets, forcing them to look for alternative housing
Testing for Radon: 5 Frequently Asked Questions Certainly, you could have heard anything about radon before. You might even be aware that excessive levels of this naturally occurring gas can be harmful to your health if allowed to accumulate within your home. That’s a fantastic place to begin. However, if you’re worried about the security
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Paperwork requirement for pre-construction homes It takes a significant amount of trust and dedication to purchase a house or condo before construction has even begun. If you’re buying something online without seeing it in person first, you’re putting your faith in the builder to deliver exactly what you ordered. There will, of course, be much
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Canadian Real Estate Prices Fall 30%, Recession Starts: Ox Econ Neither the real estate market nor the economy in Canada looks particularly promising at the moment. This week, Oxford Economics issued a warning to its clients saying that a recession was starting to take shape. Higher interest rates meant to curb inflation are instead significantly
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Most Canadian peak purchasers with a low downpayment are underwater Peak purchasers in Canada are in for a difficult time as the real estate bubble bursts swiftly due to rising interest rates. According to the latest numbers released by the Canadian Real Estate Association (CREA), the national market peaked that year, in March. We calculated
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Home Costs in Canada Reach a New Record: Current Scenario and Predictions. The year 2022 has witnessed several instances of the rise in prices of housing units in Canada. Considering that the year 2022 has just begun, the first three months saw the prices reach a new benchmark, especially in the Toronto area. The price
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