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cost of living
It’s no time to lock in a mortgage rate, but if you want to, here are four things to consider
Robert McLister
opinion
The good, the sad and the unaffordable: Saving for a home down payment in Canada’s big cities
Rob Carrick
financial facelift
Should Aiden, 25, pay off his mortgage or invest in stocks?
Facelift March 10, 2023. Todd Korol/The Globe and Mail
cost of living
Big mortgages, few listings and fierce competition: Welcome to the spring housing market of 2023
First time home buyer, Nishant Kalia, 31 (right) and Tanushree Holker, 30 look for a potential property in a newly developed area in the residential neighbourhood of Sage Hill in northwest Calgary. Both working from home, the young married couple are hoping to find a new-built for under $500,000. From Delhi, India, they arrived in Canada in 2019 as permanent resident and lived in Toronto for three years before settling on Calgary. Better real estate value, a lower population density and sunnier weather were all factors that influenced their move to western Canada. According to the Calgary Economic Development between 2010 and 2020 the total population growth rate was the highest in the country at 24.4%. As of February 2021, Statistics Canada revealed that Calgary had one of the highest level of net migration in the country with 12.9 migrants per Capita. Guillaume Nolet/The Globe and Mail
cost of living
Mortgage specials start arriving, just in time for spring
Signs advertising houses for sale are shown in Montreal, Friday, March 4, 2022.THE CANADIAN PRESS/Graham Hughes
opinion
Canadian mortgage borrowers are surviving extreme rate hikes. Here’s eight reasons why
Robert McLister
advisor news
Is it a good idea for parents to gift money to children for the Tax-Free First Home Savings Account?
A for sale is sign is displayed in front of a house in the Riverdale area of Toronto on Wednesday, September 29, 2021. TRREB will release it's 2023 outlook today. THE CANADIAN PRESS/Evan Buhler
cost of living
Number of private mortgages growing as Canadians struggle to secure traditional loans, FSRA warns
A home for sale on Conarty Cres. in Whitby, Ont., is photographed photographed on Jan 4, 2023.
carrick on money
HELOC vs reverse mortgage for parents helping kids buy a home
Rob Carrick
paycheque project
Toronto accountant and realtor, 31, is living for free by renting her two condos
financial facelift
Remote worker Declan, 35, wants to move to Southern Ontario to be closer to family. How big of a house can he afford?
Quebec, February 12, 2023. (Christinne Muschi /The Globe and Mail)
cost of living
When your bank suggests you lock in your variable rate mortgage, it has an angle
Apart from borrowers desperate for payment certainty, locking in no longer has a favourable risk/reward.
carrick on money
This financial coach says RRSP season is a big gimmick
Rob Carrick
cost of living
Homeowners beware: cash bonuses on mortgages come with strings
Banks seldom give mortgage shoppers one red cent unless that penny generates multiples for the bank in return.
cost of living
Pandemic shift to virtual transactions aided real estate fraud in Toronto, experts say
For Sale and Coming Soon realtor sign in front of large brick single family house in expansive snow cover yard in mid winter
personal finance
This week’s lowest fixed and variable mortgage rates in Canada
(FILES) In this file photo taken on October 28, 2022 in this aerial view, completed and under construction new homes at a site in Trappe, Maryland. - Sales of new US homes exceeded expectations in December but slumped for all of 2022, according to government data released January, 26, 2023 as higher mortgage rates weighed on potential buyers. (Photo by Jim WATSON / AFP) (Photo by JIM WATSON/AFP via Getty Images)
cost of living
What happened to Canadian house prices during previous recessions might surprise you
Robert McLister
advisor news
How pre-construction homebuyers can navigate higher mortgage rates on closing
FILE PHOTO: Houses are seen in Livingston Square by Pulte Homes, a construction of the PulteGroup, in Livingston, New Jersey, U.S., May 23, 2022. REUTERS/Andrew Kelly/File Photo
cost of living
Fraudsters impersonating homeowners to sell real estate on the rise since pandemic
A for sale sign is displayed in front of a house in the Riverdale area of Toronto on Wednesday, September 29, 2021. As the country's real estate market cools, the Canadian Real Estate Association is expected to release home sales figures for July. THE CANADIAN PRESS/Evan Buhler
opinion
Falling house prices and your retirement: How worried should you be?
Rob Carrick
opinion
Get your head straight about the financial side of home ownership
Rob Carrick
inside the market
Investors are betting on a housing recovery. Is their optimism misplaced?
FILE PHOTO: Residential single family homes construction by KB Home are shown under construction in the community of Valley Center, California, U.S. June 3, 2021. REUTERS/Mike Blake/File Photo
analysis
What to do about housing affordability amid high interest rates
The Canadian Real Estate Association says it expects home sales this year to edge down 0.5 per cent compared with 2022. A real estate sign is displayed in front of a house in the Riverdale area of Toronto on Wednesday, September 29, 2021.THE CANADIAN PRESS/Evan Buhler
carrick on money
Moving to a small B.C. town means I can afford to buy a home. But am I spreading myself too thin?
Salmaan Farooqui
personal finance
This week’s lowest fixed and variable mortgage rates in Canada
FILE - A For Sale sign is posted in front of a home in Sacramento, Calif., Thursday, March 3, 2022. On Thursday Freddie Mac reports on this week's average U.S. mortgage rates. (AP Photo/Rich Pedroncelli, File)
personal finance
Foreign buyer ban will likely put further squeeze on rental market, experts say
A No Vacancy sign outside a low rise apartment building on Queen St. East in Toronto’s Beach neighbourhood is photographed on Jan 19, 2023. Fred Lum/The Globe and Mail.
opinion
Does a short-term mortgage still make sense?
Robert McLister
cost of living
Thinking of buying undeveloped land? Take these precautions first
One of the few Real Estate For Sale signs in Washago, Ont. on Sunday, August 15, 2021. Semenzato sold his Toronto townhome and now works remotely from his cottage country home. (J.P. Moczulski/The Globe and Mail)
cost of living
How new mortgage rule proposals could affect housing finance
Robert McLister
top links
Canadian housing is entering bear market territory, says Scotiabank strategist
Homes for sale on Woodfield Rd. in Toronto’ east end near Toronto’s Little India neighbourhood, are photographed in Toronto on Aug. 3, 2022.
opinion
Greedy landlords are a part of the unaffordable rent story
Rob Carrick
cost of living
Why not all mortgage lenders are created equal
Real estate investment. Investors save to buy a house. vector illustration eps
opinion
My five confident predictions for the mortgage market in 2023
Robert McLister
young money
The Home Ownership Tax Shelter is unfair to Prairies, Quebec and Atlantic Canada
Paul Kershaw
cost of living
How to protect yourself against ‘renoviction’ as rental markets heat up
close-up of a rental sign in front an apartment building
carrick on money
2023 will be the year of the downsizing boomer
Rob Carrick