Canadian banks are becoming increasingly worried about their shrinking mortgage business. With fewer people taking out mortgages due to high interest rates and economic uncertainty, banks are posting more competitive rates to attract customers. This move is a clear sign of desperation as they strive to maintain their market share and keep their mortgage business afloat.

In May, the Greater Toronto Area (GTA) saw a significant drop in the sales of newly built homes. According to data, there was a 50% decline compared to the same period last year. This decrease has been attributed to several factors, including high interest rates and economic uncertainty, which have made potential buyers more cautious. Builders and developers are finding it challenging to sell new homes, leading to a noticeable slowdown in the market.

In recent months, rents across Canada have been rising faster than home prices. This trend is causing concern for many renters and potential homebuyers alike. The primary reason behind this shift is the high interest rates set by the Bank of Canada. As borrowing becomes more expensive, fewer people are able to afford home loans, leading to a higher demand for rental properties.

Minto Apartment REIT's CEO, Michael Waters, remains optimistic about the future of rental housing even though the real estate market is facing challenges. According to Waters, the demand for rental housing continues to be strong, and Minto is well-positioned to meet this demand. Despite higher interest rates and economic uncertainties, Waters believes that people still need places to live, making rental properties a valuable investment.

Having a well-maintained driveway can greatly improve the appearance of your home. In Canada, where weather conditions can be harsh, it is especially important to protect your driveway from damage. One of the best ways to do this is by using a driveway sealer. Driveway sealers create a protective layer that shields your driveway from water, ice, and other elements. With many types of driveway sealers available, choosing the right one can be a challenge. This article will guide you through the common types of driveway sealer and help you make an informed decision.

Are you planning to sell your home soon or simply looking to increase its value? Home improvements can help boost your property's value and appeal to potential buyers. The good news is that you don't have to break the bank to make significant changes to your home. With some creativity and effort, you can increase your home's value without spending a fortune. In this article, we'll share ten simple home improvements that can help increase your home's value.

Small bathrooms may present unique challenges, but fear not! Discover clever mirror tricks to strategically place fixtures, in which these bright ideas will prove that size is no limitation when it comes to creating a luxurious and inviting ambiance.