Found 2 blog entries tagged as house prices.

When mortgage interest rates were on a downward trend in the early days of the coronavirus pandemic, a variable mortgage rate made sense. With no signs of tightening on the horizon, the housing market boomed at extraordinary levels never seen before.

Now that interest rates are rising as the central bank attempts to rein in out-of-control price inflation, the discussion is how high mortgage rates will go. It is a crucial conversation, since rising rates will increase your monthly mortgage payments. While it’s challenging to forecast just how high mortgage rates will climb, Canada Mortgage and Housing Corporation (CMHC) thinks they will start to stabilize in 2024, which is when some market analysts expect the Canadian real estate market to…

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On the surface, tiny homes offer a practical solution to a rising problem among many who want to own a home but can’t get their foot in the door: rising prices. According to the Canadian Real Estate Association, the average Canadian house price has surpassed the $800,000 mark; however, a tiny home can be purchased or built for less than $200,000. People who live in tiny homes are committed to living minimally, which helps reduce costs and their carbon footprint. A tiny home may not be for everyone, so here are the basics of living in 400 square feet or less:

What Are Tiny Homes?

According to a 2017 report by Statista Research Department, the average size of a Canadian home is 1,792 square feet, ranking third after the United States and Australia…

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