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ON's total mortgage balance in "severe delinquency" exceeded $1B for the first time. Mortgages in severe delinquency are double the pre-pandemic levels.

Speak to friends, local business owners, and check for "sold" signs in desired neighborhoods.Look for agents who’ve successfully closed transactions in the area where you’re looking to buy.

Among first-time homebuyers, 77% purchase with others: Spouse (61%) Parents (16%) Friends (11%) Siblings (7%) Buying with someone, especially if unmarried, warrants consideration of legal agreements for property rights.

Even with low credit, you can still buy a house in Canada, the housing market is expected to rebound in 2024.To build a strong mortgage application, focus on improving your credit score; understanding how credit score is calculated is key.

Rising construction costs outpace home insurance adjustments, leaving many homeowners underinsured after disasters. Increased natural disasters and insurer pullout in vulnerable areas limit homeowners' options and drive up costs.

Approximately 2.5 billion Father's Day cards are sent each year. Neckties have become a popular traditional gift for Father's Day. "World's Greatest Dad" is a popular Father's Day phrase. Breakfast in bed is a common Father's Day treat. Wishing a fantastic Father's Day to all the dads who strive to be the best versions of…

Interest Rate U-turn – Rates rose since March 2022 – Recently ↓ 0.25% – Borrowers to pay ↓, savers earn ↓ Savings Rates: – Prepare for ↓ rates – Factors: overnight rate, market, competition – Rates ~4%, likely to ↓

Canada's banking regulator has introduced a cap on mortgages for highly indebted borrowers. The new rule is intended to prevent Canadians from accumulating too much debt.

72% of Canadians are waiting for lower Bank of Canada rates before buying homes. High rates hinder passing the mortgage stress test, affecting buying power and home affordability.