The real estate market shows no signs of slowing down, and we’ve seen average housing prices increase in most major regions even into early 2022. Despite interest rates slowly trending upwards to where they were before the COVID-19 pandemic, buyers and sellers on the market haven’t been deterred. For homeowners that don’t wish to sell their properties but still want to capitalize on this opportunity, using home equity financing is a great option to consider.
New mortgage rules have been put into place that make it more difficult for Canadians to access their home equity through traditional avenues. These rules also come with higher interest rates, and together, qualifying for home equity line of credit options is harder than ever before.
Many Ontarians on the lookout for the perfect home to settle down in are facing challenges. Whether it’s the property size, the structure, or the location, finding a home that meets all their criteria is much harder than it seems. Many Canadians decide to build their dream home from scratch instead of finding a pre-built home in these cases. However, you might be surprised to learn that aspiring home-builders can also qualify for construction mortgages in Ontario.
Kitchen remodeling is a fantastic way to spruce up the appeal of your home and add value to its price. So if you’re wondering how much it costs to renovate a kitchen, we have gathered some information that can help you. Here are some factors that affect the overall price of renovating a kitchen.
Investing in secondary properties has been a favourite investment route in Canada. Many homeowners and potential homebuyers are wondering if the upcoming empty home tax set to be implemented by the Liberal party will significantly affect their finances.
As the winter season approaches, more and more homeowners are turning to hot tubs to keep warm during the colder months. While many homeowners would agree that a hot tub is a welcome addition to home comfort, many are reluctant to decide without considering the financial implications. We have collected some details about hot tub costs in Canada to help you make a choice.
Some Canadians who reach retirement age find it difficult to finance the upkeep and maintenance of the homes they have owned and lived in for a long time. This can be stressful and difficult to manage, even with pension benefits. We have collated information about how grants for seniors’ housing repairs work, different ways to claim them, and the best way to utilize them.
Many young Canadians dream about purchasing a home. Apart from the down payment and closing costs, it is important to find an affordable mortgage option. A good credit score allows you to access the best mortgage options at low interest rates. Are you worried about finding a mortgage with a bad credit score? We will discuss the mortgage options available to borrowers with a bad credit score.