Brought on by Bank of Canada rate hikes and rising Canadian mortgage rates, Ontario’s housing market has seen its average home price decreased by 20% over the past year to about $798,835 in January 2023. That’s the largest year-over-year drop of any Canadian province! What is worse is that it is not a one-time only … Continued
Mortgage brokers say 2023 could be an ugly year for some homeowners, who have become mired in the monetary vice grip of rapidly rising interest rates and continually falling home prices. It follows years of frenetic activity in a red-hot real estate market that saw the price of an average London home peak in February … Continued
For many people, the question of: “Should I sell my house and rent in Ontario?” pops up once or twice. It can seem like a lot of work filled with a never-ending list of expenses. It might even be more overwhelming if the property needs major repairs or updating. However, it doesn’t have to be … Continued
You may think it’s only the tenant who has a hard time paying the mortgage, but as a real estate investor or landlord, there may be times when it’s hard to pay the mortgage on your end as well. Here are some things you can do to avoid facing difficulty in paying your mortgage each month. Keep … Continued