The Bank of Canada's latest decision to raise its key interest rate comes at a time when many are struggling to afford their homes. CTVNews.ca wants to hear from people in Canada who are going to great lengths to find affordable housing.
With the latest hike bringing Canada's key interest rates to levels not seen since 2001, one mortgage broker is warning that it may be 'the last straw' for some homeowners with variable mortgages.
Personal finance contributor Christopher Liew explains how First Home Savings Accounts work, who’s eligible for the program, and outlines the contribution rules.
Canada’s housing market saw the largest improvement in affordability in nearly four years in the first quarter of 2023, according to a report from economists at the National Bank of Canada.
As more Canadians pass their family cottages down to the next generation, 'major shifts' in the ownership of recreational homes will occur, according to Re/Max. But amid concerns around the cost of housing, some may be wondering whether they can afford to keep that family cottage. Here's what younger generations need to know about inheriting a recreational property and the market today.
Mortgage delinquencies are expected to rise by more than one-third of current levels over the next year, according to some economists. If you anticipate being unable to make your payments and decide to sell your home, here's what an expert says you should consider.
As cottage season dawns, the prospect of joint ownership with family or friends grows anew for many Canadians, budding perennially like a lakeside plant.
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A tiny home in Brockville, Ont. that was built by at-risk youth sits empty in front of the building it was constructed in, waiting to find a permanent location.
Andrew Melchers, left, and Heather Brisebois discuss their options on a final destination for the tiny home. (Nate Vandermeer/CTV News Ottawa)
Regardless of whether or not the country sees a recession in the near future, it’s still a good idea to create a financial action plan to help mitigate your risks. Personal finance contributor Christopher Liew shares some practical tips to help you and your family prepare.
From the rivers, valleys, and natural beauty of Saguenay, Que., to the bustling bayside city of Saint John, N.B., contributor Christopher Liew highlights the cities that offer Canadians the best value on their real estate investment.
Keeping up with a monthly mortgage payment is becoming more difficult by the year. When combined with increasing inflation rates, owning a home has caused some Canadians to struggle with making their payments. Contributor Christopher Liew shares some practical, simple tips to help you pay your mortgage so you don't find yourself falling behind.
Many Canadians are questioning whether or not it's the right time to purchase real estate. Contributor Christopher Liew breaks down the factors to keep in mind if you plan on shopping for real estate in the near future.
For millennial and gen Z Canadians, owning a home in this real estate market might seem like a pipe dream. In an exclusive column for CTVNews,ca personal finance contributor Christopher Liew offers some strategies to consider if you can’t afford the housing market yet.
Prices have been easing slightly recently, but affording a mortgage is still a very difficult task for many Canadians. How much of a mortgage can you afford? Contributor Christopher Liew breaks it down in an exclusive column for CTVNews.ca.
Amid a series of interest rate hikes recently implemented by the Bank of Canada, some homeowners may be concerned about keeping up with their mortgage payments. For those who are worried about being able to afford their home, experts say there are a number of tools available to help, including mortgage deferrals and debt restructuring.
While most markets have seen average home prices drop over the last year, residential properties haven't necessarily become more affordable. Here's the minimum annual income needed to buy a home in major cities.
(InsideOut Media / Irina Popova, The Agency Ottawa)
As average home prices begin to stabilize, a new report is showing where Canadians are paying some of the lowest homeownership costs. Here are some homes currently on the market in these areas.
Across Canada, the average price of rent climbed back up after pandemic lows, with the monthly rate new tenants face now 20 per cent higher than it was two years ago, according to just-released rental data.
More provinces should follow Quebec's lead in seeking to hold short-term rental platforms such as Airbnb accountable for uncertified listings, advocates say.
A new report from Zumper shows several of Canada’s most populous cities saw their rent soar year-over-year as demand continues to outpace supply, while Vancouver and Toronto remain the priciest cities in the country in which to rent.
Airbnb is making a renewed push into renting single rooms in a nod to its beginnings and a realization that renting an entire house is too expensive for many travellers, especially younger ones.
The Bank of Canada’s decision to hold interest rates steady on Wednesday could put financial pressure on landlords and leave renters vulnerable, experts say.
According to a report from Mercer Canada, millennials who rent for their entire careers will have to set aside eight times their salary to save enough to retire at 68 years old.
Arriving home to a notice to vacate on your front door can be devastating, to say the least. Personal finance contributor Christopher Liew shares some instances when you should consider fighting an eviction and explains how an eviction could affect your credit rating.
The hot, dry conditions that are fuelling wildfires countrywide are just the beginning of what summer could look like in Canada this year, according to Environment Canada senior climatologist Dave Phillips.
The decision to search a Winnipeg-area landfill for the remains of two First Nations women and who will fund it remains up in the air a month after a feasibility study was completed.
A $100 million class action lawsuit launched on behalf of alleged victims of sexual abuse by Catholic clergy on Manitoulin Island has been abandoned after the victims reached individual settlements with the church.
No one was harmed when a bus transporting elementary school children to a field trip in B.C. caught fire Thursday, with the flames fully engulfing the coach, spreading to an outbuilding and prompting wildfire concerns.
The federal government is looking at creating some kind of national disaster response agency in the face of an unusually intense and destructive start to the wildfire season across the country.
Air pollution from wildfires remained well above healthy levels across much of southern and northern Ontario and several communities in British Columbia and Alberta on Thursday.
Embers from a smouldering scrap wood fire set days earlier outside a home used by a Christian religious communal group along with a sparking power line caused a 2021 Colorado wildfire fanned by high winds that destroyed nearly 1,100 homes and left two people dead, authorities said Thursday.
A replacement plane for an Air India flight diverted to Russia because of an engine problem landed in San Francisco on Thursday, carrying all passengers and crew, the airline said.
Joran van der Sloot, the chief suspect in the 2005 disappearance of Natalee Holloway, arrived in the United States from Peru on Thursday to face charges that he attempted to extort money from the missing woman's mother.
Nearly two dozen teenagers from a summer camp were injured when an elevated walkway collapsed Thursday in a beachside city in Texas, with five flown to the hospital by helicopter.
A former apartment building owner pleaded not guilty Thursday to 27 felony involuntary manslaughter and negligence charges stemming from a fire that killed six people and injured 13 in December 2019 and became the deadliest residential fire in Las Vegas history.
About 300 infants, toddlers and older children have been rescued from an orphanage in Sudan's capital after being trapped there while fighting raged outside, aid officials said Thursday. The evacuation came after 71 children died from hunger and illness in the facility since mid-April.
Rescuers in Washington state are praising the resourcefulness of a 10-year-old girl who survived on her own for more than 24 hours in the rugged terrain of the Cascade mountains after getting lost while out with her family.
Racing at Belmont Park was cancelled and the Washington Nationals' home game against the Arizona Diamondbacks was postponed Thursday due to poor air quality from wildfires in Canada.
Blue Jays pitcher Anthony Bass said he's "in a better place moving forward" after speaking with Pride Toronto's executive director in the wake of his social media post that supported anti-2SLGBTQ+ boycotts.
Parents are finding it tougher than ever to save for their children's post-secondary education, but the mainstays of post-secondary saving remain key tools, as do clear goals and plenty of planning.
Irving Oil says it’s undertaking a “strategic review” with an eye to its future. In a release Wednesday, the company says it’s looking at a number of options, including the sale of its assets.
A group of climate activists claimed responsibility on Wednesday for deflating the tires of sport utility vehicles in Denmark's capital. More than 100 vehicles were vandalized, police said.
Insurance industry group Equite Association says vehicle theft in multiple provinces surged last year. Vehicle theft was up by 50 per cent in Quebec year over year, by 48.3 per cent in Ontario, by 34.5 per cent in Atlantic Canada and by 18.3 per cent in Alberta.
A lawyer for Prince Harry finished setting out the royal's case against a newspaper publisher on Thursday, quizzing a former tabloid reporter about information inserted into stories by then-editor Piers Morgan.
The many lives of Arnold Schwarzenegger get neatly divided into three equal parts in 'Arnold,' a Netflix documentary-cum-self-led tour through his remarkable success story as bodybuilder, actor and politician, each more improbable than the other.
As forest fires rage across the country, experts are sounding the alarm over the physical and psychological impacts of the wildfires and saying that they pose a serious public health issue, which individuals and governments need to acknowledge and act upon.
The Supreme Court of Canada will not hear the appeal of an Alberta woman who was unwilling to be vaccinated in order to get a life-saving organ transplant.
Ontario hospitals and pediatric physicians are being told to 'be alert' for symptoms of invasive Group A Streptococcal Disease (iGAS) after an “increasing trend” has been identified.
A battle appears to be brewing between senators and Public Safety Minister Marco Mendicino, as he tries to see the Liberals' controversial gun legislation passed swiftly into law.
Scientists have documented the first-known instance of a 'virgin birth' by a crocodile, which had been living in isolation for 16 years at Costa Rican zoo, according to a study published Wednesday.
The James Webb Space Telescope set its sights on a galaxy 20 million light-years away, capturing a dazzling star-forming galaxy in images streaked with the signature of passing asteroids.
Reporters are a skeptical bunch, so it was unusual to hear so many of them raving about their firsthand experience with Apple's next Big Thing: the high-priced headset called Vision Pro, a device infused with totally virtual reality as well as augmented reality that projects digital images on top of real-world settings.
