Homeowners are Taking Out Mortgages – not to Purchase a Home – But to Boost Their Purchasing Power

Real estate has been an outstanding investment in most parts of Canada in the past few years. Home valuations are continuing to rise and have broken through the peak of their 1989 “bubble” in many areas of the country. That’s good news for Canada’s 7.5 million home owners, who are enjoying an average increase of [...]

More Canadians Purchasing Second Homes

More Canadians than ever are purchasing second homes. No longer the purview of the wealthy, second home ownership has gone mainstream. For many Canadians, it’s the dream of a summer cottage, golf retreat or a winter chalet.

For others, career or family demands fuel the desire for a second home: for business stays, or to shelter [...]