Renting an apartment in Ontario can be quite an expensive undertaking, leaving many residents wondering why they must shell out such hefty sums just to secure a place to live. For newcomers to the area, the high cost of rent can be quite shocking.

In this blog post, the expert at Nicole Tracey Mortgages will delve into the factors that contribute to the costly rental market in Ontario and how they affect tenants and landlords alike. By understanding these factors, you'll be better equipped to navigate the rental landscape and make informed decisions for your housing needs.

According to the Canadian Real Estate Association, the Spring market is anticipating a drop in home prices edging down approximately 6% from 2022, putting the average home price at $662,103 in 2023. The downward trend stems from rising interest rates and continued uncertainty in the marketplace.

In the current economic climate, speaking with a mortgage broker has become more important than ever. Mortgage brokers are professionals who can help you find the right mortgage product that suits your unique financial situation. They are knowledgeable about the various types of mortgages available in the market and can help you understand the pros and cons of each.

Government bond yields are an important factor that can impact fixed interest rates. To better understand this relationship, we first need to define what government bond yields and fixed interest rates are.

 
Original Article Source Credits: The Beacon Herald, https://www.stratfordbeaconherald.com

Article Written By: Cory Smith

Original Article Posted on: Jun 09, 202

Link to Original Article: https://www.stratfordbeaconherald.com/news/local-news/united-way-survey-shows-need-for-more-housing-options-in-huron-perth?__vfz=medium%3Dstandalone_content_recirculation_with_ads

Original Article Source Credits: HGTV, https://www.hgtv.ca

Article Written By: Sharon Miki Chan

Original Article Posted on: Feb. 15, 2021

Link to Original Article: https://www.hgtv.ca/real-estate/blog/remodeling-trends-2021-rental-1945927

Original Article Source Credits: The Beacon Herald, https://www.stratfordbeaconherald.com

Article Written By: Kathleen Saylors

Original Article Posted on: Jun 09, 2021

Link to Original Article: https://www.stratfordbeaconherald.com/news/local-news/provincial-funding-for-oxford-county-modular-housing-development-going-forward

Original Article Source Credits: Better Dwelling, https://betterdwelling.com

Article Written By: NA

Original Article Posted on: APRIL 1, 2021

Link to Original Article: https://betterdwelling.com/canadian-mortgage-approvals-for-over-leveraged-borrowers-soars-to-a-record-high/

Original Article Source Credits: CBC, https://www.cbc.ca

Article Written By: Pete Evans

Original Article Posted on: Apr 08, 2021

Link to Original Article: https://www.cbc.ca/news/business/osfi-mortgage-stress-test-rules-1.5979558

Original Article Source Credits: CISION, https://www.newswire.ca

Article Written By: Western Economic Diversification Canada

Original Article Posted on: Mar 16, 2021

Link to Original Article: https://www.newswire.ca/news-releases/government-of-canada-supports-recovery-and-growth-of-women-led-businesses-across-the-prairies-amid-covid-19-pandemic-885971007.html

Original Article Source Credits:   The Canada Life Assurance Company , https://www.canadalife.com/

Article Written By:  NA

Original Article Posted on:  NA

Link to Original Article:  https://www.canadalife.com/investing-saving/mortgages/how-to-choose-the-right-type-of-mortgage-for-you.html

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