2/2/2023 | Posted in Home Owners by Sheru Asnani
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As Canadian homeowners grapple with the Bank of Canada's flurry of interest rate hikes, one in three say they won't be able to handle higher rates for long before they ... More

45% with variable mortgages say they would have to sell in under 9 months: Yahoo/Maru Poll

  1/19/2023 | Posted in Home Owners by Sheru Asnani
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An increasing number of Canadians appear to be tapping into their homes for extra cash.

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More Canadians turning to reverse mortgages amid savings crunch

  9/28/2022 | Posted in Home Owners by Sheru Asnani
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The 60 percent + 30 percent + 10 percent proportion is meant to give balance to the colors used in any space and is incredibly simple to use.

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60-30-10 Color Rule: How to Use It & How to Break It

  9/21/2022 | Posted in Home Owners by Sheru Asnani
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Significant slowdown in housing, bond, and equity markets had a major influence on Q2 figures

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RBC on the state of Canada's household wealth

  8/31/2022 | Posted in Home Owners by Sheru Asnani
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More and more Canadians are drawing on the wealth represented by their homes.

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HELOC debt continues to rise in Canada

  5/26/2022 | Posted in Home Owners by Sheru Asnani
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More than 9 out of 10 Canadians want to be able to live out their retirement years in the comfort of their home, and reverse mortgages are increasingly being used to make that ... More

Canadians want to age in place and are turning to reverse mortgages to make that happen

  3/27/2020 | Posted in Home Owners by Sheru Asnani
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It's very likely that COVID-19 will shatter Ontario's municipalities' budgets, and without provincial or federal help they will have no option but to increase the ... More

Cities worry COVID-19 could shatter their budgets

  6/5/2019 | Posted in Home Owners by Sheru Asnani
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Canadian homeowners continue to cut back on home renovation spending in 2019: CIBC Poll

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Homeowners' spending on renovations falls to 6-year low

  7/27/2018 | Posted in Home Owners by Sheru Asnani
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Canadians spent nearly $78bln on renovations last year, but a slower sales cycle could impact that figure.

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Home renovations surge

  6/1/2018 | Posted in Home Owners by Sheru Asnani
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Spending drops as much as 25 per cent in some provinces as more homeowners focus on wear and tear.

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Canadian homeowners trim spending on home renovations in 2018

  8/6/2017 | Posted in Home Owners by Sheru Asnani
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A rental suite is a great way to help homeowners meet their mortgage payments at a time when home prices are creeping ever upward in some parts of Canada.

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If you haven't disclosed your home's rental suite, you may be breaking the law

  10/8/2016 | Posted in Home Owners by Sheru Asnani
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Earlier this week, Finance Minister Bill Morneau introduced tax changes that were aimed primarily at foreign investors in Canadian real estate to ensure they abide by our ... More

How principal-residence tax changes will affect every Canadian homeowner

  10/4/2016 | Posted in Home Owners by Sheru Asnani
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For most people, buying a first house or condo is exciting and a big leap into adulthood. But it doesn’t take long for the cold hard reality of mortgage payments, taxes ... More

Common real estate scams and how to avoid them

  9/15/2016 | Posted in Home Owners by Sheru Asnani
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Canadian household debt ratios hit a record high over the spring, according to new figures released Thursday by Statistics Canada.

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Canadian key household debt ratio hits record high

  9/15/2016 | Posted in Home Owners by Sheru Asnani
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Good news and bad news for homeowners; low interest rates are set to be around for a while but the Canadian economy is likely to remain sluggish.

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Get used to low interest rates, slow growth

  9/13/2016 | Posted in Home Owners by Sheru Asnani
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A room’s size is sometimes a matter of perception, and the paint color on the walls has a lot to with that perception. Some colors can actually make a room appear ... More

Paint Colors That Make a Room Look Bigger

  8/25/2016 | Posted in Home Owners by Sheru Asnani
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Canadians are borrowing more as low interest rates help drive a thirst for credit. Non-mortgage loans increased in the second quarter of 2016 according to RBC, especially auto ... More

Lender warns over rising household debt

  6/24/2016 | Posted in Home Owners by Sheru Asnani
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Canadian homeowners are projected to spend an average of $13,017 per household on renovations and home improvements this year, according to the latest poll by CIBC.

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Each Canadian household to spend around $13,000 on renovations in 2016: CIBC

  6/15/2016 | Posted in Home Owners by Sheru Asnani
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Canadians owe $1.65 for each dollar of disposable income according to Statistics Canada with an increase in debt levels driven by mortgage borrowing.

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Household debt eases but mortgages remain strong

  5/25/2016 | Posted in Home Owners by Sheru Asnani
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The ambitious climate change initiative proposed by Environment Minister Glen Murray and exposed by the Globe and Mail is bound to come with a hefty bill, critics caution.

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How much will it cost if Ontario makes you kiss your gas furnace goodbye?

  5/3/2016 | Posted in Home Owners by Sheru Asnani
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The Liberal government said its plans to make it easier for landlords to evict problem tenants will lead to more affordable housing, but tenants' rights groups blasted the ... More

Ontario mulls changes to rental rules, prompting concern from tenants groups

  3/15/2016 | Posted in Home Owners by Sheru Asnani
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Canadian’s household debt continued its upward trajectory in the fourth quarter of 2015. The latest data from Statistics Canada shows that average debt rose by 1.5 per ... More

Mortgage debt behind rise in household debt

  11/20/2015 | Posted in Home Owners by Sheru Asnani
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Colourful leaves and cooler temperatures are a sign that winter is on its way. Harsh winter winds, freezing temperatures, rooftop snow and ice build-up can cause damage to your ... More

Winterize your home to prevent water damage

  11/12/2015 | Posted in Home Owners by Sheru Asnani
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Electricity prices in Ontario rose in November, pushing the average household hydro bill up by 3.4 per cent. There are some things you can do to keep your bill ... More

8 ways to reduce your hydro bill

  10/29/2015 | Posted in Home Owners by Sheru Asnani
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The federal government isn't the only one spending on construction projects of late, as Scotiabank said Wednesday that Canadians will spend a record $53 billion this year ... More

Scotiabank construction report says Canadians to spend record $53B on renos in 2015

  8/13/2015 | Posted in Home Owners by Sheru Asnani
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Canadian households are carrying more debt on average than they were last year but it is generally as the result of “good” spending. A report from mortgage lender ... More

Canadian household debt increases but for good things

  8/8/2015 | Posted in Home Owners by Sheru Asnani
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In the heart of Toronto’s overheated housing market, where the average detached home now sells for more than $1 million, Harper vowed to make life better not for those ... More

Harper promises to introduce permanent home renovation tax credit if he is re-elected

  7/24/2015 | Posted in Home Owners by Sheru Asnani
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Homebuyers looking for a mortgage are finding conditions are getting tougher if they are self-employed, at a time when there is an increasing number of self-employed Canadians. ... More

Borrowing is tougher for self-employed

  7/16/2015 | Posted in Home Owners by Sheru Asnani
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Canada’s ageing housing stock together with influence from TV shows has led to more spending on renovations. Figures from the Altus Group show that Canadian households ... More

We're spending more on renovations: Altus Group

  6/16/2015 | Posted in Home Owners by Sheru Asnani
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A survey by Manulife Bank of Canada says nearly half of Canadian homeowners are taking steps to whittle down their mortgage debt, but many would be in trouble if their monthly ... More

A third of Canadians would struggle if mortgage rate grew by only 1%, survey finds
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