Just like anywhere else, buying and owning an apartment in Canada is different than having a house. The house comes with the land it is built on and more. Simply put, you are buying a piece of land and everything within its perimeters – the house, the trees, the mines and minerals, and other improvements built on it. You have the absolute right to everything on, over, and under – within the...
Many average Canadian families are finding home affordability out of reach with higher prices and increases in mortgage rates, says a recent report from RBC. It states that the average household has to give 43.3 percent of its much needed pre-tax income just to service the cost of owning a bungalow at current market values. For a two-storey home, the affordability measure rose to 48.9 percent...
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