Canadians continue to grapple with the increased cost of living, and the Bank of Canada’s latest hike to interest rates this week will add more pressure to variable rate mortgage holders, as well as those looking to qualify for lending. While buyers who have secured a rate hold are anxious to make a purchase before it expires, some sellers have hit...

Despite several consecutive hikes in interest rates over the past year, home prices in Canada have remained relatively stable thanks to low inventory. In major housing markets across the country, a $1-million price tag is not uncommon, but the type of property available at this price point can vary from one city to another.
In examining what a budge...

The first resale policy of its kind in Canada, homes bought and sold in British Columbia will now be automatically enrolled in a mandatory multi-day rescission period, according to new legislation.
The Homebuyer Protection Period took effect in British Columbia on January 3rd, 2023. Also known as the Homebuyer Rescission Period (HBRP) or cooling-off...

For the first time in more than a decade, the aggregate price of a home in Canada posted a year-over-year decline in the fourth quarter of 2022. According to the Royal LePage House Price Survey, the aggregate price of a home in Canada decreased 2.8% year-over-year to $757,100 in the final quarter of 2022; the first year-over-year decline recorded s...