About 60% of outstanding Canadian mortgages — roughly 1.2 million loans — will renew by the end of 2026, according to the Bank of Canada. Many of those were locked in at 1% to 2% during the pandemic and are now rolling over at 4% to 5%. For a landlord with a $400,000 mortgage, that means an extra $400 to
The average Canadian condo corporation saw its insurance premium jump by 40 per cent in 2020. That figure from ACERA captures a trend that has only accelerated since. When you combine rising construction costs, a global reinsurance pullback, and back-to-back years of record wildfire and flood damage, the result is a condo insurance market that confuses owners and investors alike.
A home appraisal comes back in 48 hours. That sounds like good news — faster closing, less waiting. But in the Canadian housing market, speed can be a warning sign. The average appraisal takes 7 to 10 days from start to finish, and a report that lands in two days may mean the appraiser didn’t spend enough time on the
Only $33 separates the average monthly rent for a furnished one-bedroom in Toronto from an unfurnished one — $1,983 against $1,950. That gap has narrowed sharply in the past year, and in some GTA neighbourhoods, furnished units now cost less than their bare counterparts. At a time when 70% of Canadian renters say high rent is their biggest challenge, the
When a real estate agent represents both the buyer and the seller in the same deal — known as dual agency — the total commission can run between 3.5% and 5.0% of the sale price, depending on the market. In Toronto, that means a £20,000 to £25,000 payout on a £500,000 home. But the bigger question isn’t what the agent
Imagine buying a home and inheriting a mortgage rate of 1.84% when new five-year fixed rates sit at 4.04% — that alone could save you roughly $11,400 over 18 months on a $500,000 balance. That is the promise of an assumable mortgage in Canada’s 2026 market. But the catch is bigger than most buyers expect. The equity gap, lender approval
You budget $45,000 for a kitchen renovation. Mid-range materials, new cabinets, new counters, keep the same footprint. Then the contractor opens the walls and finds knob-and-tube wiring that needs replacing, a plumbing vent routed through a stud bay that doesn’t meet code, and a floor joist that was cut to run an old dryer duct. The electrician alone costs $4,800.
Canada’s national vacancy rate hit 3.1% in 2025, the highest in four years, according to the liv.rent 2026 Rental Market Trend Report. That single number tells you the rental market has shifted. Landlords who once had dozens of applicants per unit now face more competition to fill their properties. Asking rents are dropping in Toronto, Vancouver, Calgary, and Ottawa. And
By spring 2026, the GTA saw condo apartment prices fall 6.4% year-over-year to an average of C$639,468, while freehold townhome sales rose 2% in the same period. The gap between what buyers want and what the market is building is narrowing — and townhomes sit right in the middle of that shift. Disclosure: Some links on this page are affiliate
About 60% of Canadians between 18 and 34 carry renters insurance, leaving roughly 40% with no coverage for their furniture, electronics, and other belongings. Compare that with 75% of renters aged 55–74 who have a policy, and a clear gap appears — younger tenants are far more likely to skip this protection. What many don’t realise is that their landlord’s
You walk through a rental unit at 7pm and notice things the daytime photos didn’t show — the hum from the ventilation system, the flickering hallway light, the group of people lingering near the entrance. More Canadian apartment seekers are now scheduling viewings after dark, and the shift tells you a lot about where the rental market stands in 2026.
In a 12-offer bidding war in British Columbia, the winning buyer typically pays 8–18% above the list price. That gap runs from $80,000 to $180,000 on a million-dollar home. With bidding wars in 2026 concentrated in specific neighbourhoods and property types, knowing where that number lands before you bid is the difference between a smart purchase and a costly mistake.
