Here are some key factors to help buyers decide what is best for them. The advantages and disadvantages of buying a condo Condo developments are more popular than ever before, specifically in Toronto and Vancouver. Every year, more and more people are flocking to highrises and new developments whether it be for investment purposes (last year it was reported that 40 per cent of condos in Toronto and 45.7...
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How much you pay upfront could expand your options and save you money. One of the most important parts of your home purchase is your down payment. Whether you diligently save for a few years, borrow money from family, or use your RRSP, maximizing your down payment will save you money on your mortgage and give you more choice. Here’s everything you need to know about mortgage down payments in Canada,...
While the pandemic has affected many areas of Canada's real estate market, the price of luxury homes is certainly not one of them. On Tuesday, Royal LePage released its Luxury Property Report which shows that the price of a luxury house and condominium has risen in many regions across the country since the spread of COVID-19. Nationally, a entry-level luxury house as $2 million and recent...
While rising prices may pose a challenge for some first-time buyers, this city’s real estate will see sustained growth. While the rest of Canada’s urban housing markets were deflating under the pressure of the mortgage stress test and portents of potentially higher interest rates, Montreal was one of two cities to report price growth in 2019. (The other city was Halifax.) In fact,...