After a bit of a slow start to the year, the spring market is in full swing. For many clients, it’s a bit of a chicken-and-egg game: Do I list my current home for sale first? Do I write an offer on a home I want to buy, then list my home? When is the
Despite housing affordability concerns across the country, homeownership rates in Canada remain among some of the highest in the world. As of 2016 (the most recent data available), Canada boasts an overall homeownership rate of 67.8%, down slightly from a peak of 69% in 2011, according to research from RBC Economic Research. Comparatively, the U.S.
Last year was an interesting one for the Canadian new and resale housing markets. The introduction of the mandated mortgage stress test set out by theOffice of the Superintendent of Financial Institutions (OSFI) had a significant effect, in that both new and resale home sales were down. First-time buyers were especially affected, as most either
