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Good news for Toronto homeowners: of the 30 suburbs tracked by TRREB, 10 showed detached home prices up by over 20% last month compared to Sept. 2019.

Detached home prices just rose over 20% in 10 Toronto suburbs September was another banner month for the Toronto region’s housing market and no property type was hotter than detached homes in the suburban areas surrounding the city.

Several bank analysts say mortgage rates will go even lower, because of (1) competition among lenders, (2) seasonal factors, and (3) the pandemic’s impact on the economy.

Canadian mortgage rates are the lowest in history. Can they go any lower? Not by much, but yes, several analysts say

Despite the huge growth of reverse mortgages in Canada, the growth has actually slowed during the pandemic, having peaked at 57.46% in October 2018 and sliding ever since.

Canadian Seniors Have Racked Up Over $4.3 Billion In Reverse Mortgage Debt | Better Dwelling Canadian homeowners in their twilight years are drawing on their home equity at a rapid pace. Office of the Superintendent of Financial Institutions (OSFI) filings show reverse mortgage debt reached a new record high in July. The debt is still showing double digit growth, but the rate has fallen to....

Average prices of homes in Ottawa continuing to rise. Granted, Ottawa's population is peerless when it comes to permanent jobs and pensioners.

Ottawa's real estate market remains red hot despite COVID-19 pandemic | CBC News Ottawa's real estate market remains red hot despite economic uncertainty caused by the COVID-19 pandemic.

3 reasons not to retire on CPP/OAS alone: 1) It's not enough money if you live in a major city; 2) Most people qualify only after age 65; and 3) Government whims can affect the programs.

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Survey cited by Globe and Mail reveals that 33% of working Canadians plan to postpone retirement due to reductions in savings, loss of investment values, and a need for more retirement savings to generate income.

How the COVID-19 pandemic may sabotage retirement for boomers and Gen X A lot of people are financially supporting adult children. This financial help could limit the ability to save for retirement, or put an additional demand on existing savings

Average price of a home in London / St. Thomas up 19.6% to $484,884 - more than ever first-time home buyers need early inheritances for downpayments.

First-time home buyers priced out of London's hot real estate market | CBC News The average price of a home in the region has climbed nearly 20 per cent since this time last year, according to the London and St. Thomas Association of Realtors.

Most people who come to us for reverse mortgages simply wish to pay out their existing mortgage(s) so they no longer have to make payments every month, and can free up their monthly budget.

As deferral programs end, a reverse mortgage can help As government assistance and lender deferral programs come to a close, borrowers are looking for solutions

Home prices in Windsor up 19% from a year ago. Average home price is now $401,465, up $65,422 from summer 2019.

Windsor housing market booms during pandemic | CBC News Windsor-Essex's real estate market is red hot, according to Windsor real estate agent Aditya Soma. He attributes part of the price increase to the growing demand of buyers from outside the region who can work from home and no longer find it necessary to live in a big city as a result.

Sudbury has very robust seller’s market conditions despite COVID-19, and considerably more robust than pre-COVID in last June 2019 -

Home sales rise in city despite virus Despite the pandemic, Sudbury is a seller’s market, according to brokerage firm Zoocasa.Citing Canadian Real Estate Association statistics, Zoocasa said both the average price of a home in Su…

Many on the cusp of retirement have layoff risk top of mind. Regardless, the risks and rewards of early retirement are easier to navigate if confronted early - you'll have more time to prepare and adapt.

Early retirement comes at too high a cost for Ontario man with two decades to run on his mortgage To get to his income goal of $50,000 after tax, Walter will have to work until at least 65

Good news for people with adult children (or grandchildren) purchasing homes in the near future: the new minimum qualifying mortgage rate (stress test) will be less stringent on mortgage borrowers.

Ottawa changing stress test rate for insured mortgages starting April 6 The federal government is changing the stress test rate for insured mortgages starting April 6 that experts say should make it marginally easier for some buyers to purchase their first home, or owners refinancing their existing mortgages.