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Home prices in Canada are set to rise this year, according to a new report. In its latest forecast released Thursday, Royal LePage adjusted its price forecast for 2023 given stronger-than-expected demand and limited supply. The brokerage now predicts that national home prices will rise 4.5 per cent year-over-year by …
Read More »Title insurers must be under anti-money laundering rules, former executive says – National
Title insurers need to be brought under anti-money laundering rules to fight against scam artists who impersonate homeowners to sell or mortgage their properties, a former insurance executive says. Tim Hyde, who spent years in the title insurance business in Ontario, said dozens of cases involving impersonators in Ontario and …
Read More »A look at the ‘daunting’ costs many Ontario homebuyers face in their 1st year of ownership
New analysis is shining some light on the “daunting” costs many Ontario homebuyers face in their first year of ownership, particularly in the Toronto area. Point2 Homes released new data on Thursday looking at upfront costs and annual recurring expenses, including closing costs, the down payment, mortgage, property tax and …
Read More »Rents in Canada are through the roof. Here are the most expensive cities
Rent prices are through the roof across Canada as decades-high inflation has increased the cost of living in the country. The national average rent last month was $2,005 – an increase of more than 12 per cent compared with December 2021, according to Rentals.ca’s January 2023 Rent Report. Vancouver remains …
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