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All Posts Tagged Tag: ‘affordability’

Budgeting for renovations

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Housing affordability in Canada has been a hot button issue in the last few years and while some believe it’s not an issue those people aren’t considering all the expenses. Daycare, retirement savings, maintenance on the home and renovations are largely excluded from their thinking and the price of renovations has increased. Whether you want to or not, home renovations …

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Affordability across Canada

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Rental website Rentseeker.ca has produced a new, 3D graph depicting how much it costs to buy a home and what the average was last year in the same city. This give prospective buyers hope to one day achieve their goals of home ownership, when looking at most cities. Some cities such as Toronto, the average home price grew 12.1% in …

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Make sure you read the fine print

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Last week BMO lowered their 5 year fixed interest rate to 2.99%, down from 3.49% in an attempt to gain market share. Buyers are delighted but financial experts are concerned that this reduction will cause concern in an already busy spring market. The new rate offered by BMO is a promotional rate and offered until April 17/14. What it is …

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The in-laws are moving in!

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The price of housing is going up and so is the number of retirees in the next few years. Baby boomers have a challenge in front of them with also caring for their elderly parents. Multi-generational homes typically refers or parents moving in with their adult children though the reverse is also technically true. In theory, multi-generational homes are a …

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Affording a home in Saskatoon, it pays to be creative

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While most would be surprised to hear, affording a home in Saskatoon is becoming more of a challenge than in other centers such as Calgary or Edmonton.  According to the latest affordability report issued by RBC Economics Research, housing affordability is on the rise in Saskatchewan. The Housing Trends and Affordability report measures each province’s proportion of pre-tax household monthly …

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