Finance Blog | The Canadian Home

The dream of homeownership is a cornerstone of the financial well-being for many. But for Canadians, that dream seems to be slipping further out of reach. Compared to its neighbour, the United States, and other developed nations, Canada faces a unique challenge – skyrocketing home prices coupled wit

The 2024 Canadian Federal Budget, announced by Canada’s Deputy Prime Minister and Finance Minister Chrystia Freeland on April 16, 2024, marks a significant step towards accelerating productivity, unlocking innovation through AI, increasing investment to support businesses of all sizes and perhaps mo

On March 27th 2024, Prime Minister Justin Trudeau announced the introduction of a Bill of Rights for renters in Canada during a speech in Vancouver for Budget 2024. Although the full extent of this bill was not disclosed here are some of the major points that were shared,

If you have been planning to buy a home in Ontario this year then you need to act now because chances are you might not get an opportunity later. Canada has now entered the infamous spring market which is widely considered as the most busy (and competitive) real estate season, with good reason. With

The Bank of Canada (BoC) has been aggressively raising interest rates since late 2022 to combat high inflation. While this strategy has shown some success in dampening price increases, it's becoming increasingly clear that the BoC can't maintain these elevated rates for much longer. Let's delve into

It's that time of the year again folks, the time when you have to report your income, calculate your tax liability, pay your dues and claim a refund wherever applicable. It is long, time-consuming, and boring but extremely important. So, if you are looking to make the most of tax returns in 2024 the

The latest numbers are in and The Canadian Home is happy to report that things are looking on the bright side once again. Following a challenging year in 2023, characterized by inflation, rate hikes, and a notable slowdown, the Ontario housing market is showing signs of recovery. The efforts to comb

The Bank of Canada (BoC) is on deck to deliver its second interest rate update of 2024 on March 6th, 10:00 AM ET. This announcement follows their January decision to maintain the key interest rate at 5%, marking the third consecutive hold after a series of hikes in 2023.

Canada's major cities are currently grappling with a housing crisis of monumental proportions. With skyrocketing rent prices rendering living spaces increasingly unaffordable, a significant segment of the population finds itself in dire straits. Amidst the national discourse surrounding this crisis,

Ontario's real estate market underwent a significant recalibration in 2023. Years of meteoric growth yielded a measured correction, with average home prices experiencing a 3% decline. This shift was primarily driven by rising interest rates, which subdued buyer activity and resulted in an 8% decreas

January 2024 marks a significant turnaround from the sluggish market conditions witnessed in December. With both the number of transactions and new listings experiencing an upward trend, the real estate landscape is showing signs of renewed activity. In contrast to the standstill witnessed in Decemb

On Sunday, February 4th 2024 the finance minister of Canada Chrystia Freeland announced that the ban on foreigners buying residential properties in Canada has now been extended by 2 years (that is until January 1st 2027). The government cited ongoing housing affordability concerns and the desire to