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Movements in the rental market are great indicators of the state of housing affordability. When people can’t afford to buy, they rent, and when there’s an influx of renters in a sector with limited housing supply, landlords are able to charge more.
The apartment-hunting platform, Rentals.ca, reported that, on average, Toronto tenants are allocating 42% of their income to rent—unsurprising given that landlords are charging an average of $2,571 per unit. With prices seeing double-digit increases...

Do Home Improvements Improve Value?
According to a CIBC poll, only 32% of homeowners who’ve decided to renovate came up with a detailed budget. That’s only half the story. Of those who recently renovated, 39% went over budget.
The same study found that 49% of Canada’s homeowners planned to renovate in 2019, a four-point increase from 2018’s 45%. Conversely, renovation spending decreased from an average of $10,959 to $10,211....

In a statement released in July of 2019, the Bank of Canada (BOC) reported positive trends in the national housing market. “At the national level, the housing market is stabilizing, although there are still significant adjustments underway in some regions...

More Canadians have started to turn to private lenders in search of mortgage financing. With mortgage regulations continually becoming stricter and tightening the lending gap, many would-be homeowners are being squeezed out of their dreams.
Private mortgages abide by a similar set of parameters as the ones commonly imposed by many banks. However, these parameters are less rigid and allow for more creative financing scenarios. There are many financing cases that simply cannot be categorized...