September 2017

The Real Deal: School Rankings and House Prices

Posted on Sep 26, 2017 in Home owner tips

The relationship between the quality of a school district and real estate prices in the neighbourhood is a bit of a “chicken-and-the-egg” question. 

The highest-ranking school districts tend to have higher house prices than less sought-after districts. At the same time, more affluent homeowners often live in more popular school districts. It’s not al...

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Bank of Canada's interest rate spike: What does it mean for homeowners with mortgages?

Posted on Sep 25, 2017

The Bank of Canada hiked interest rates twice this summer and the increases come at a time when many Canadians are struggling to pay off debt.

First, in July, the bank announced a raise from 0.5 to 0.75 per cent and then, at the beginning of September, hiked rates again to a full one percentage point. A report by TransUnion last year estimated that...

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