As young Canadians continue to grapple with property prices that spiked during the pandemic, a new survey has found first-time buyers are getting more help than ever from their parents. Almost a third of first-home buyers have already received financial assistance from family members this year, according to a survey by the Canadian Imperial Bank…
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The cut in the interest rate at the beginning of June has been welcomed by homeowners and those trying to break into the market. It wasn’t borrowers’ complaints who forced the Bank of Canada (BoC) to act, but the fact we achieved an inflation rate within the target band of 2-3%. Our Consumer Price Index…
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As Canadian owners enjoyed a first interest rate that turned the tide on 20-year-high loan costs, tenants continue to deal with rising costs. A new report claims our average rent has jumped the $2,200 barrier for the first time. It comes as the Bank of Canada reduced the benchmark cash rate from from 5% to…
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With summer in full swing, your lawn mower may be feeling the heat of a tough workload. You wouldn’t be alone in worrying about whether the mower will fire up one more time to trim grass that’s growing quickly in the mix of heat and moisture. If you’re tempted to put yours into the shop…
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When it comes to inspecting a property, many potential buyers may wonder whether it’s appropriate to remove their shoes or leave them on. The answer to this question depends on various factors, including cultural norms, personal preferences, and the condition of the property. In some cultures, it is customary to remove shoes before entering a…
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As the summer sun shines brightly, your outdoor space transforms into an extension of your home – a place to relax, entertain and create lasting memories. Choosing the right patio furniture will enhance your lifestyle and help add value to your property. As your local agents, we know the ability to entertain guests is one…
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Our long summer evenings are a wonderful time to be outdoors; so long as you’re not driven back inside by the pesky, biting insects that descend on us the moment the sun goes down. Being able to ward off insects is essential for an enjoyable evening on the patio. No one likes beating a retreat…
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Are you a first-time homebuyer feeling daunted by saving for a down payment? The First Home Savings Account (FHSA) might be the solution you’ve been looking for. This registered account is explicitly designed to help Canadians achieve the dream of homeownership. What sets the FHSA apart is its unique blend of tax advantages and flexible…
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Annual consumer prices are continuing to fall, and that’s good news for property buyers and sellers hoping to see a cut in interest rates in the near future. Statistics Canada says the April annual inflation reading was 2.7%, down from 2.9% in March. A 1.4% drop in food prices helped achieve this positive result. However,…
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There are few things more emotionally distressing – to say nothing of financially difficult – than cleaning up a home after a flood. Finding badly damaged, much-loved items is particularly heart-breaking. Yet even the unprepared should take heart: while some damaged items will have to be thrown away, others can be restored. Clothes and linen…
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