Will millennials put an end to NIMBYism?
Say what you want about the oft-maligned millennials, but they may well be the generation that puts an end to NIMBYism for good.The “not in my backyard” attitude that has historically hampered development in some of the city’s most desirable
71% of first-time buyers use their own savings for a down payment
The Canada Mortgage and Housing Corporation (CMHC) released the results of its annual Mortgage Consumer Survey, announcing some not-so-shocking statistics about first-time buyers. The survey was completed by 3,002 mortgage consumers that participated in
A crash course on buying new construction homes
It’s been a while since we provided a few tips and notes about buying new construction homes. Whether you’re buying your first home or you’re buying direct from the builder or developer for the first time, the list below will be helpful! 1) Registering
Are we all actually real estate addicts?
Interesting read by Ian McGugan in the Globe and Mail’s Report on Business this week: “Face it, Canada — you’re a real estate addict, and no one wants a cure.”As the percentage of Canadians who own their own homes hits 70%, the majority of the population
How to deal with moving back home
Living at home is no longer taboo. Tuition and transportation are enough to leave a post-grad millennial with depleted funds and a defeated attitude. Paying astronomical rent or mortgage fees on top of these expenses can transform some wallets into
First-time buyer advice from the pros
We recently had the pleasure of chatting with four well known real estate industry experts. We discussed the various market cooling strategies being proposed and we also asked them if they had any first-time buyer advice, since this segment is probably
You can always move to Nova Scotia to buy your first home
Struggling to buy your first home in Ontario? Just move to Nova Scotia where the government and Housing Nova Scotia just announced a new Down Payment Assistance Pilot Program for first-time buyers. “The Government of Canada is pleased to partner with the
'More than half of intending buyers will be first-time buyers in 2017': Jason Mercer
We recently had the opportunity to hear Jason Mercer’s thoughts on the different strategies being proposed to cool the Greater Toronto Area’s (GTA) housing market. As Director Market Analysis for the Toronto Real Estate Board (TREB), Jason is the
36% of millennials believe renting is better than owning
CIBC recently surveyed more than 3,000 Angus Reid Forum panellists online about their thoughts on homeownership. The survey was conducted between March 16th and 20th and included homeowners and tenants. The survey uncovered the fact that many millennials
How to research new home appliances in 4 easy steps
Do you remember your first apartment? Was it really small or worn or outdated? Did you have to settle for second-hand furniture and appliances because that was all you could afford? As your first real taste of independence, you probably looked past all
