The latest release of information from the national census last year shows homeownership has trailed-off in Canada. Between 2011 and 2021 homeownership dipped from 69% to 66.5%. The decline appears to be led by young adults. Those between the ages 25 and 29 saw their rate of ownership fall from 44.1% to 36.5% over the 10-year period. Those between 30 and 34 experienced a similar reduction, with their ownership rate falling from 59.2% to 52.3%. Baby Boomers, those between

With Fall just around the corner, here are some helpful home prep tips to ensure everything continues running well into the colder months! Inspect Your Gutters: This time of year it is important to clean and inspect your gutters (replacing as needed) to ensure they are working properly as the rain and snow season hits. If they are clogged or damaged, it could result in a flooded interior and damaged exterior so don’t wait! Check for Drafts: In the Fall and Winter, many homeow

It’s time to go back to school…for your finances! The fall is the perfect time for a credit clean-up so that you are ready for the holiday spending season – and anything else the year can throw at you! When it comes to cleaning up credit, there is no better time than now to recognize the importance of your credit score and check if you are on track with your habits. To get started with your credit clean-up, there are a few things you can do: Pull Your Credit Report: For most

As we move into the Fall market, there are some important things you should be aware of. While inflation has now likely peaked, we will still be dealing with the repercussions from these heightened levels for a while before things balance out. As inflation is corrected, we are also seeing home prices moving back to normal post-pandemic era. However, we are still anticipating some final rate hikes from the Bank of Canada coming into the fall. With that in mind, now is an impor

As expected the Bank of Canada has raised its trend setting interest rate. It jumped by another, outsized, three-quarters of a percentage point to 3.25%. This has triggered a series of knock-on effects in the lending and mortgage markets. The move puts the BoC’s policy rate above its self-declared “neutral” range of 2% to 3%, and it is now in restrictive territory. All the of big banks have pushed their prime rates to 5.45%. In turn variable rate mortgages and lines of cre