Canadians face major barriers to homeownership in 2025, with many unable to save for a down payment. Two-thirds are waiting for interest rates to drop, and 74% adopt a "wait and see" approach due to economic fears. Over half feel they've missed their chance to buy, especially millennials. High housing costs and living expenses hinder savings, while wealth inequality grows as homeownership...
A report from the Insurance Bureau of Canada warns that the country's insurance system is under pressure due to increasing wildfire severity and frequency. The IBC urges policymakers to learn from California's recent insurance crisis, which left many homes uninsured. The report highlights a significant rise in insured catastrophic losses in Canada, with Alberta reporting over $1 billion in...
The home improvement market is set to grow from $974.57B in 2025 to $1.46T by 2032, driven by innovation. The Leading Indicator of Remodeling Activity projects a 1.2% increase in year-over-year home renovation spending for 2025....
BMO economists revised their forecast, predicting four Bank of Canada rate cuts, lowering the rate to 2% by July. BMO expects the US Federal Reserve to stay on the sidelines until September, with a possible 25 basis point cut....
Insulate pipes and maintain stable heating to prevent freezing and bursting during ice storms. Keep gutters, grates, and drainage systems clear to avoid ice buildup and potential water damage....
Breaking a lease in Canada can be necessary due to job relocations, family needs, or uninhabitable conditions. Tenants should review their lease for early termination clauses and understand their legal grounds, such as uninhabitable conditions or domestic abuse. Proper notice procedures vary by province, and alternatives like subletting or lease assignment may ease financial burdens. Effective...
Mother's Day is a celebration honoring the mother of the family or individual, as well as motherhood, maternal bonds, and the influence of mothers in society. The origins of commemorating motherhood dates back to the Ancient Greeks, where in spring festival, they celebrated the goddess Rhea, considered the Mother of the Gods. Anna Jarvis’s lobbying...
Interest rate fluctuations create uncertainty for both developers and homebuyers, affecting all stages of development.Rising development costs due to supply chain issues, labour shortages, and municipal fees impact Real Estate projects....
Canada’s 3.5 million housing unit goal by 2030 is unlikely to be achieved, falling short by millions. National housing starts continue to lag behind demand. CMHC forecasts slower housing starts in 2025, despite remaining above the 10-year average...
Halifax Regional Municipality has secured $79.3 million from the Canada Mortgage and Housing Corporation to implement a Housing Accelerator Fund Action Plan by 2026. The plan aims to create 2,600 new housing units, speed up approvals, increase housing choices, and convert unused spaces into homes. This initiative supports the broader goal of 15,467 new units over three years and is part of Canada's...