Homeowners

Homes under construction are seen in a new subdivision in the Ottawa suburb of Kanata, on Friday, July 30, 2021. First-time homebuyers in Canada are facing one of the toughest real estate markets in generations. THE CANADIAN PRESS/Justin Tang

Tips for first-time homebuyers as affordability in Canada continues to deteriorate

Home prices slowly beginning to improve, but overall affordability still down

 

Igor Kotliarsky showcases a new garden suite in the backyard of his Claremont area home that he built in response to the need for more housing in the District of Saanich. (Megan Atkins-Baker/News Staff)

Saanich resident says simpler process when building garden suites a solution to housing crisis

Reducing bureaucracy will solve need for more housing, says Claremont area resident

 

Snow-covered houses and the downtown skyline are seen with the North Shore mountains in the distance in Vancouver on Thursday, December 30, 2021. Those who own a home in British Columbia valued at just under $2 million will still be eligible for the annual homeowner grant. THE CANADIAN PRESS/Darryl Dyck

Homeowners grant threshold leaps to $1.9 million in B.C. as property values increase

New cap will ensure 92 per cent of residential properties are covered

 

A real estate sign is pictured in Vancouver, B.C., on June 12, 2018. THE CANADIAN PRESS Jonathan Hayward

Parents are gifting increasingly large sums of money for kids’ down payments: CIBC

Average gift for first time homebuyers rose to $82,000 in 2020

A real estate sign is pictured in Vancouver, B.C., on June 12, 2018. THE CANADIAN PRESS Jonathan Hayward
The average Greater Victoria homeowner holds close to $500,000 in mortgage debt, according to credit education company Borrowell. (Black Press Media file photo)

Average Greater Victoria homeowner holds $500,000 in debt

Greater Victorians exceed national debt average

The average Greater Victoria homeowner holds close to $500,000 in mortgage debt, according to credit education company Borrowell. (Black Press Media file photo)
Design District Access on Pembroke and Government streets has been purchased by commercial designer Ann Squires Ferguson. (Google Maps)

Victoria commercial designer acquires fellow local firm, downtown showroom

Western Interior Design to ramp up its residential offerings

Design District Access on Pembroke and Government streets has been purchased by commercial designer Ann Squires Ferguson. (Google Maps)
Homes are pictured in Vancouver on April 16, 2019. THE CANADIAN PRESS/Jonathan Hayward

Ottawa to change stress test rate for insured mortgages next month

Qualifying rate will be borrower’s contract rate or weekly median 5-year fixed insured mortgage rate

Homes are pictured in Vancouver on April 16, 2019. THE CANADIAN PRESS/Jonathan Hayward