Yasir Khan's blog

Is it possible to have a down payment strategy in today’s sizzling Canadian real estate market?

The condominium market is on fire, especially in the major urban centres in the Canadian real estate market. After a deep decline in the first year of the coronavirus pandemic, driven by evolving consumer trends, the condo market has enjoyed an exceptional turnaround. Some housing market analysts think that 2022 could even be a record-breaking year for condo sales and prices.

The Bank of Canada (BoC) has said it will be use its monetary policy to tamp down inflation, which currently sits at a 30-year high, joining the chorus of central banks worldwide trying to grapple with the rapidly escalating cost of living.

TORONTO, ONTARIO, June 3, 2022 – Greater Toronto Area (GTA) housing market conditions continued to evolve in response to higher borrowing costs. Similar to April results, May 2022 sales were down on a monthly and annual basis. Conversely, active listings at the end of May were up on a month-over-month and year-over-year basis. More balanced market conditions have provided buyers with more negotiating power. As a result, while benchmark and average home prices were up substantially compared to last year, selling prices trended lower on a month-over-month basis.

Housing and affordability are top priorities for Ontarians and became campaign drivers in the lead-up to the provincial election on June 2, which saw the Progressive Conservative Party claim victory with a majority win. With the Ontario housing market suffering from critically low supply, high prices and home ownership creeping (or as some might describe it, careening) further out of reach for many, it seems Premier Doug Ford’s campaign slogan to “get it done,” has hit home.

The world of real estate can be a little confusing. With so many players involved in the process of buying a home, keeping everyone’s role straight can be a little challenging. However, by educating yourself on what each professional does and how they can each help you on your home-buying journey, you can make sure that you get the best experience possible. In this article, we’ll answer the question, what does a real estate lawyer do?

The Bank of Canada raised its benchmark interest rate 50 basis points on Wednesday, the second consecutive outsized hike as the central bank tries to tame roaring inflation.

The hike brings the policy interest rate to 1.5 per cent, a decision that was widely predicted by economists and priced in by markets.

It takes credit to build credit ­– most of us have heard this at some point in our early years of adulthood. Some of us heard it when we got our first credit card; others when they went to apply for a loan of some type and realized they didn’t have a credit score. The crux is that while it takes credit to build credit, it also takes credit to destroy credit. So, what exactly is “credit” when it comes to finances, and how does your credit score affect your mortgage interest rate?

Demand for commercial real estate soars nationwide amidst economic expansion and stock market volatility, according to RE/MAX® Canada Brokers

Investors flock to ‘bricks and mortar’ as hedge against inflation in Q1 2022

With the unofficial start of summer finally here, residents of Ontario and beyond begin to think about “cottaging season,” a term for the annual migration to summer cottages. There are many great locations in Ontario to consider purchasing a summer cottage, many of which are located along the shores of the Great Lakes.