Home Equity Loan vs. HELOC

Home Equity Loan vs. HELOC

Owning real estate is a fantastic way to grow your wealth over time, but there are also other perks of homeownership, including accessing your home’s equity when extra cash is needed to cover large expenses. Your equity represents the value of your home minus what you still owe… Read More


Why Mortgage Rates Vary by Province, and How You Can Level the Playing Field

Why Mortgage Rates Vary by Province, and How You Can Level the Playing Field

Homes in and around the Greater Toronto Area may come with some hefty price tags, but if you’re property shopping in Canada’s largest housing market, you’ve got one thing working in your favour: cheaper mortgage rates versus the rest of the country.  Ontario mortgage rates are currently… Read More


Co-buying: Should You Consider Buying a Home with a Friend?

Co-buying: Should You Consider Buying a Home with a Friend?

By: Zoocasa If you’ve been looking at MLS listings in Toronto or other cities like Vancouver, you’ll have noticed that home sale prices have been increasing, making it harder to buy a home on a single income. However, that might not mean that your dream of… Read More


How Car Loans, Student Debt, and Credit Card Balances Impact Mortgage Affordability

How Car Loans, Student Debt, and Credit Card Balances Impact Mortgage Affordability

By: Zoocasa Extremely few Canadians pay for their house in cash — almost all of us will be forced to borrow in order to buy a property. In 2016, mortgages accounted for 80.7% of the total debt carried by Canadian families, up from 77.4% in 1999, according to… Read More


What is The New CMHC First-Time Home Buyer Incentive?

What is The New CMHC First-Time Home Buyer Incentive?

Depending on where you live, the price of homes could be extremely high and often out of reach, especially for those who have yet to crack the real estate market. Young adults are often fraught with student debt and have yet to accumulate any type of wealth that older Canadians… Read More


Ontario Cities With The Five Lowest Property Tax Rates

Ontario Cities With The Five Lowest Property Tax Rates

By: Zoocasa Property tax rates vary widely across the province, from around 1.79% in Windsor at the highest end, to just 0.615% in the City of Toronto at the lowest. Zoocasa, an online brokerage, ranked 35 cities in Ontario based on publicly available tax rate information and provided… Read More


Canadian Mortgage Rate History

Canadian Mortgage Rate History

If you’re in the market to buy a new home and take out a mortgage, then you’ll be very interested to know what mortgage interest rate you’ll be offered.  After all, mortgage rates will directly influence how expensive or affordable your mortgage will be. Obviously, lower rates will translate into… Read More


Canadian Provincial Land Transfer Taxes

Canadian Provincial Land Transfer Taxes

When you buy a house, there are plenty of costs involved in the transaction aside from the purchase price. There are mortgage interest fees, home inspection fees, lawyer fees, and so on. But one expense that many buyers may not be aware of is the Land Transfer Tax (LTT).  Each… Read More


How has the Ontario Fair Housing Plan Impacted the Market?

How has the Ontario Fair Housing Plan Impacted the Market?

By: Zoocasa How have buying conditions changed across the province since the Ontario Fair Housing Plan (FHP) was introduced two years ago? The 16-part set of measures was announced by the now former Liberal provincial government in April 2017 in efforts to cool the red-hot housing market; home… Read More


Note:

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