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The Canadian Real Estate Association expects the national average home price will rise 9.1 per cent to $620,400 in 2021, in one of the most optimistic forecasts yet for the real estate sector. The real estate association says it expects home prices to either hold steady or climb in all regions across the country, citing…

What changed and what it means for home buyers The Canadian Mortgage and Housing Corporation (CMHC) has implemented new underwriting criteria (eligibility requirements) to apply for homeowner transactional and portfolio mortgageinsurance. Introduced this past summer, these new adjustments from CMHC come as a precaution while the Covid-19 pandemic continues to impact consumers in the real…

Everything you need to do to keep your home and yard in tip-top shape this summer. With the change of each season comes a new set of maintenance tasks for your home. Now that summer’s here, you’ll want to prepare your home and yard for the onslaught of summer heat. From air-conditioner upkeep to hanging a clothesline,…

Getting mortgage default insurance is about to get harder after Canada’s federal housing agency announced stricter lending standards on Thursday.The Canada Mortgage and Housing Corp. (CMHC) says it will no longer allow homebuyers to use borrowed funds for their down payment, will require a higher credit score from at least one borrower and will lower…