How much income do you need to afford a home?
The income required to buy a home in Canada varies widely depending on the market, from under $40,000 in Trois-Rivières to more than $320,000 in West Vancouver.
The full Hilliard MacBeth interview
Hilliard MacBeth is an Edmonton-based portfolio manager with Richardson GMP Ltd. He also wrote a book, called When the Bubble Bursts: Surviving the Canadian real estate crash, and thinks the market is overvalued by up to 50 per cent.
Exclusive: Analyst explains bold prediction
It’s a controversial stance, but the analyst predicting a 40-50 per cent price correction explained how he arrived at his dire estimation.
Broker expands into third market in less than a year of operations
CanWise Financial has opened its third office in less than a year since foundation and the company has enjoyed marked growth in that span.
Lighter Side: Castle Edition
Most kids dream of living in a castle – the draw bridge, the expansive grounds, the magical forest and, if you’re lucky, the moat. Well, for those grown-ups who haven’t let the dream die, here are the best castles across Canada (and a couple overseas).
Vancouver mayor calls for action on affordability
Gregor Robertson, the mayor of Vancouver, has called on provincial lawmakers to take action to tackle the issue of housing affordability.
Alberta heading for more than $7 billion deficit says report
Alberta could be heading for a much larger deficit in its budget than previously predicted according to a TD Economics report.
Tech start-ups want a different kind of workspace
Commercial realtors who want to attract clients from the fast-growing tech space should keep their eye out for more unusual workspaces.
Brokers aren’t worried about big bank rate cuts
It’s all ado about nothing, according to brokers who don’t believe the big bank’s rate cuts warrant all the media coverage they’re getting, after two big banks make record rate moves.
Developer buy-downs the next big mortgage trend?
You’ve heard of brokers buying down rate but how about developers? One is offering a promotion that will allow clients to pay as little as $1 per day to live in its upcoming condo development.