This morning the Bank of Canada raised interest rates for the first time in nearly seven years, which means there’s going to be a few changes for your finances
The threat of a housing bubble has loomed over the Canadian markets for years, but now that higher interest rates are coming, many Canadian homeowners are worried about making ends meet
The average rent for a Toronto condo hit an all-time high in the second quarter, despite the release of Ontario’s Fair Housing Plan, which was designed to cool the market
Many insurers are also no longer offering flood insurance in some areas that have flooded recently because the premiums would be unaffordable for most policyholders
A vote next week could legalize short-term rentals in Vancouver, but is also expected to place a number of restrictions on anyone looking to list their properties on services like Airbnb.
