Explore our homebuying roots through this collection of reports and studies from our earlier focus on purchasing homes. These resources reflect our initial commitment to helping people achieve the dream of homeownership, which laid the foundation for our current mission — to elevate renters’ experiences in today’s ever-evolving house rental market.
Despite mortgage rates reaching historic lows, housing affordability continues to erode in the country’s largest and most in-demand cities. In a year as volatile and uncertain as 2020, the effect of lower mortgage rates was muted by soaring home prices, increasing demand and tight supply. In fact, the share of income needed to afford housing continues to increase and monthly mortgage payments are becoming a financial burden in more cities across the nation. For example,…
Mortgage affordability in Canada has eroded sharply in the past decade. In fact, in the last 10 years, the share of income needed to afford a mortgage has gone up…
Working from home and more flexibility was the ideal scenario everyone had dreamed of prior to the pandemic. But working from the kitchen table during lockdown and the flexibility to…
[metaslider id=”137832″] Most Millennials tend to greatly underestimate the amount of money they will need for a down payment. The national average down payment is about $62,000, but 40% of Millennials expect it to be less than $10,000. What’s more, 61% of young people have less than $10,000 in savings. Of those, 14% have no savings at all. The average savings rate in the last decade was 8%. And, although personal savings went through the roof…
This year, Canadians are being advised to avoid non-essential travel outside of the country. So, for around one million retired and semi-retired people, going south to escape the long, dark…
Americans are enjoying larger new single-family homes but, at the same time, new apartments are getting smaller, as shown by recent STORAGECafe research. The average size of a newly built…
Almost overnight, our homes became our everything. But after forcing everyone inside, the pandemic laid bare the inadequacies and shortcomings of our homes. Families with children cooped up in two-bedroom apartments and people stuck in crammed studios had to live their entire life out of their living rooms and kitchens. Needless to say, this sudden change in lifestyle had a major impact on homebuyers’ needs and expectations. So, to map out the current profile of…
With interest rates on the floor and work-from-home slowly becoming work-from-anywhere, buying a second home, or a vacation home makes more sense than ever. As families have been forced to…
In March, the isolation and containment measures set in place to fight the coronavirus pandemic forced the majority of homebuyers to rethink their entire approach to house hunting and buying…