June 4, 2026

Buying a plex (a duplex, triplex, or fourplex) as a first property is becoming an increasingly popular strategy for first-time buyers, especially in expensive markets like Montreal and its surrounding area. The concept is straightforward: live in one unit and rent out the others to help pay the mortgage. Here’s what first-time buyers need to know about buying this property type.

Why Consider a Plex?

Purchasing a plex is an excellent entry point into real estate investing. By living on-site, you can easily communicate with tenants and handle maintenance without the headaches of remote property management. The financial advantages are immediate: rental income from your secondary units covers a significant portion, sometimes even the entirety, of your monthly mortgage payment, accelerating your equity growth.

Down Payment Rules in Quebec

One of the biggest advantages of buying a plex as an owner-occupant is the lower down payment requirement compared to traditional investment properties. Investment properties require a minimum 20% down payment. In contrast, owner-occupied properties  can take advantage of insured mortgage rates: just 5% down on the first $500,000 and 10% on the remainder for a duplex, or 10% down for triplexes and fourplexes.

Rental Income Boosts Borrowing Capacity 

The good news is that rental income boosts borrowing capacity. Most lenders add 50% of the gross rental income to personal income when calculating loan eligibility, which often makes it possible to purchase a higher-value property. 

If you plan to obtain mortgage loan insurance through the CMHC Income Property program, t  investors must meet specific credit score benchmarks alongside strict down payment verifications. Lenders will thoroughly review the origin of your funds over a set period, requiring documented proof of assets like personal savings, familial gifts, or equity from a previous property sale.

Closing Costs to Budget For

Beyond the down payment, up to 3% of the purchase price should be set aside for closing costs. 

In Quebec, borrowers who obtain mortgage loan insurance must also pay Quebec Sales Tax (QST) on the total insurance premium. Unlike insurance costs, which are paid along with the monthly mortgage payment, the QST amount cannot be rolled into the mortgage – it’s typically paid upfront at closing.

Notary fees typically range from $1,800 to $2,800, and are often higher for a plex than for a single-family home due to the added complexity of the transaction. The welcome tax (land transfer tax) is also owed to the municipality a few weeks after closing, with the amount varying by property value and municipality. 

Regular Expenses to Anticipate

New plex owners often underestimate the true cost of ownership. Municipal and school taxes are generally higher for a plex than for a single-family home of similar value. Insurance is pricier too, since an owner-occupied landlord policy tends to cost more than standard homeowner coverage.

For maintenance and repairs, 1% to 2% of the property’s value should be budgeted annually, keeping in mind that older buildings cost more. Even with full occupancy, setting aside at least one month’s rent per unit per year to cover potential vacancy is recommended. 

Becoming a Landlord in Quebec

While living in your own plex simplifies property oversight, it also blurs the line between your personal life and your role as a landlord. Tenant selection becomes deeply personal when a problematic renter lives just one floor away. To protect your daily peace of mind, it is essential to rigorously verify references, credit scores, and rental histories before signing any lease.

Beyond day-to-day management, you must navigate a strict legal landscape. Landlord-tenant relations in Quebec are governed by the Tribunal administratif du logement (TAL). Under TAL regulations, rent can only be set freely when a unit is vacant or during a new lease transfer; once a tenant is in place, annual rent increases are strictly regulated. Owners also bear the full legal and financial responsibility for keeping the building in habitable condition, meaning major repairs to the roof, plumbing, or foundation fall squarely on your shoulders.

Before You Make an Offer 

Buying a plex as a first home can be a financially smart move, but it’s far from a passive investment. Owner-occupants become investors and property managers simultaneously. If the thought of responding to a late-night call about a leaking faucet or heating issue feels overwhelming, it is important to carefully weigh both the financial advantages and lifestyle trade-offs before making the leap.

Running the numbers with realistic figures, consulting a mortgage broker experienced with multi-unit properties, and talking to plex owners provides invaluable insight. Real-world experience from seasoned investors is just as important as the financial calculations themselves.

June 3, 2026

The first five months of 2026 have been marked by escalating global tensions, economic turbulence, and deepening political dysfunction in the United States. As uncertainty has tightened its grip on American life, a growing number of citizens are seeking refuge north of the border.

U.S.-originated sessions on royallepage.ca – Royal LePage’s consumer real estate portal and one of the most-visited real estate company websites in Canada – have recorded increasingly significant spikes throughout the first half of 2026, with traffic surging during periods of major economic and geopolitical uncertainty.

The first major increase in U.S.-based user traffic in 2026 occurred during Week 3 (January 11th to 17th), following the death of Renée Good, who was fatally shot by an Immigration and Customs Enforcement (ICE) agent in Minneapolis, Minnesota. During that period, traffic to royallepage.ca rose 78% week over week and 65% year over year.

U.S. traffic to royallepage.ca set a new record high beginning in Week 15 of 2026 (April 5th to 11th). This upward trend coincides with heightened geopolitical tensions surrounding the Iran conflict. The U.S. and Iran agreed to a temporary two-week ceasefire after President Donald Trump issued a widely publicized ultimatum on Truth Social (April 7th), warning that “a whole civilization will die tonight,” if an agreement was not reached. During that week, U.S.-originated traffic to royallepage.ca surged 125% week over week, an increase of 233% compared to the same period in 2025.

Prior to this, the largest traffic spike recorded occurred in Week 24 of 2025 (June 8th to 14th), shortly after the National Guard was deployed to Los Angeles in response to widespread protests following U.S. ICE raids. During that period, U.S.-originated traffic to royallepage.ca surged 84% week over week and 116% compared to the same week in 2024. 

Following the Iranian ceasefire, U.S. traffic to royallepage.ca continued to climb. Additional major spikes were recorded during Week 18 of 2026 (April 26th to May 2nd) and Week 20 (May 10th to 16th), coinciding with legal and political developments surrounding the mailing of mifepristone, a medication commonly used for abortions outside of clinical settings. During Week 18, U.S.-originated traffic increased 64% week over week and an unprecedented 542% year over year. Another significant increase followed two weeks later. 

“The first months of 2026 have been marked by a relentless cycle of breaking news and unsettling headlines, from war and economic volatility to growing political and civil unrest. During periods like these, we often see Americans revisit the idea of relocating to Canada as a way to distance themselves from the turbulence surrounding U.S. politics and public life. We saw similar patterns emerge during the lead-up to the 2024 presidential election and again in its aftermath,” said Phil Soper, president and CEO, Royal LePage. 

“Canada’s cultural similarities, geographic proximity and shared language make a transition feel accessible for many Americans. When combined with Canada’s political stability, universal healthcare system and internationally recognized quality of life, it’s understandable why interest in living here tends to rise during moments of heightened uncertainty.”

Changes to Canada’s citizenship-by-descent rules in December of 2025 have sparked increased interest among Americans exploring potential pathways to Canadian citizenship. Similar to British citizens seeking Irish passports during Brexit, thousands of Americans with Canadian family ties are increasingly viewing dual citizenship as a form of long-term contingency planning amid growing political and economic uncertainty in the U.S.

Spikes in U.S. traffic to royallepage.ca have previously coincided with major American political moments dating back to Trump’s first presidency in 2017, and then again in 2024. Traffic surged following the first presidential debate between then-President Joe Biden and the presumptive Republican nominee Donald Trump, and again in the immediate aftermath of Trump’s re-election later that year.

May 29, 2026

Downsizing is not just about moving into a smaller space. It is about making intentional choices while still holding onto what matters most.

For many Canadians, this stage of life comes with a mix of practicality and emotion. You may be simplifying your home, but you are also deciding what happens to years of memories, family pieces, and meaningful belongings. The goal is not to get rid of everything; it is to create space while preserving what is important.

Here is how to approach it in a way that feels manageable and thoughtful.

Start with your “why”

Before sorting anything, get clear on what is motivating the move, whether it’s a lifestyle change, a desire for less maintenance, or a shift in long-term priorities.

When the purpose is clear, decisions become easier. It also helps reframe downsizing as a step forward rather than something you are giving up.

Give yourself time to do it properly

Downsizing takes longer than most people expect, especially when a home has been lived in for many years.

Starting early allows you to move through the process in stages. You can sort with more intention, make better decisions about what to keep, and avoid the pressure of rushing through meaningful items.

Plan for a smaller footprint

A smaller home requires a different way of thinking. Instead of trying to fit everything in, the focus shifts to what truly belongs in your day to day space.

Measuring furniture, reviewing layouts, and understanding storage limitations helps guide those decisions. Some items will naturally come with you, while others may need a different solution.

Keep what matters, store what does not need to be daily

This is where many people get stuck. Not everything fits in a smaller home, but that does not mean it has to be let go.

Storage can play an important role here. It allows you to keep family heirlooms, photo collections, or meaningful furniture without overcrowding your new space. It also creates flexibility for items that may be passed down to the next generation when the time is right.

Instead of forcing a decision, you can keep what matters in a way that still supports your new lifestyle.

Make space by moving seasonal and occasional items out

Downsizing often means less closet space, less storage, and fewer places to tuck things away.

Items like holiday decorations, seasonal clothing, sports gear, or extra furniture do not need to take up valuable space year round. Moving these into storage helps keep your home functional and uncluttered while still keeping everything accessible when you need it.

This approach makes a smaller home feel more comfortable and easier to maintain.

Thoughtfully pass things on

Downsizing is also an opportunity to share meaningful items with family and friends.

Furniture, keepsakes, and heirlooms can be passed down intentionally, rather than left for others to sort through later. Some items may not have a place today, but storing them temporarily allows you to decide when and how they are passed on.

This turns downsizing into something more positive and connected.

Create breathing room during the transition

There is often a gap between moving out of one home and fully settling into another.

Using storage during this time can reduce pressure. It keeps your space clear for staging if you are selling, helps simplify moving day, and gives you time to make thoughtful decisions once you are in your new home.

It is a practical way to stay organized without feeling rushed.

A simpler space that still holds your story

Downsizing is not about letting go of everything. It is about choosing what stays close and finding the right place for the rest.

By using storage as part of the process, you can create a home that feels lighter and easier to manage while still preserving the memories, items, and pieces that matter most.

In the end, downsizing is not about having less. It is about making space for the life you want now, without losing what matters along the way.

May 28, 2026

When the national housing conversation turns to declining prices, it’s easy to assume the whole country is cooling off. But, zoom out from Toronto and Vancouver, and a different picture emerges – one where secondary markets are proving remarkably resilient this spring. From the Prairies to Atlantic Canada, many cities are seeing stable or rising prices, driven by tight inventory and sustained local demand.

The big cities are shaping the national numbers

National averages reflect the outsized weight of Canada’s two largest markets. In the first quarter of 2026, aggregate home prices fell 4.7% in the Greater Toronto Area and 4.5% in Greater Vancouver, according to Royal LePage’s Q1 2026 House Price Survey. Because of their sheer size, softness in these two markets pulls national figures down, even as many other regions across Canada are telling a very different story.

“Because of their size, softness in British Columbia and southern Ontario has an outsized impact on national averages,” said Phil Soper, president and CEO of Royal LePage. “Meanwhile, strong demand in a much more affordable Quebec market has allowed the province’s major cities to lead in both activity and price growth. On the Prairies, sales have slowed somewhat, yet home values continue to rise modestly, reflecting ongoing supply constraints. Atlantic Canada’s economy has been bolstered by a surge in Newfoundland’s energy sector and a recovery in Nova Scotia’s exports. While sales volumes have moderated, low inventory and a continued stream of interprovincial migrants seeking affordability have fuelled continued, modest home price appreciation.”

Quebec City: The consistent standout

For the eighth consecutive quarter, Quebec City posted the highest year-over-year price growth among Canada’s major regions. The aggregate home price climbed 10.7% to $475,300 in Q1, with single-family detached homes up 11.1% and condominiums gaining 8.4%.

The driving force is a chronic lack of inventory combined with steady demand, bolstered by the stability of the public sector and a growing return of entrepreneurs to the city. Local brokers describe the market as increasingly fragmented, with some neighbourhoods still seeing multiple offers while others have cooled, but upward price pressure remains firmly in place. Royal LePage forecasts a further 12.0% increase in home prices in the city by Q4 2026.

The Prairies: Steady, not spectacular

Calgary and Edmonton tell a story of moderation rather than decline. Calgary’s aggregate price dipped just 0.5% year over year to $689,100, though single-family detached homes edged up 0.8%. The condo segment is softer, with rising inventory and increased rental availability giving buyers more breathing room. For detached homes, however, supply remains tight and competition persists.

Edmonton saw a modest 1.4% year-over-year decline to $472,300 in Q1, but prices have been ticking up on a quarterly basis. Local experts describe a market where buyers are taking their time, a luxury that wasn’t available during the frenzy of recent years, while Edmonton’s strong economic fundamentals continue to underpin demand.

Winnipeg and Regina, meanwhile, are dealing with the opposite problem: not enough homes to go around. Winnipeg’s aggregate price rose 3.1% to $424,500, while Regina climbed 3.5% to $397,900. In both cities, move-up buyers are stuck waiting for listings that aren’t coming, and first-time buyers are being pushed toward ownership by surging rental costs.

Atlantic Canada: Quiet, but prices are holding

Halifax has had an unusually subdued start to 2026. Slowing immigration, economic uncertainty, and Nova Scotia’s interprovincial transfer tax have combined to dampen activity. Yet prices have remained surprisingly resilient, with the aggregate home price rising 1.5% year over year to $525,400. Royal LePage has revised its forecast upward for the city, now projecting 4.0% growth by Q4 2026.

The story here is low inventory. Baby boomers are opting to age in place, sellers are pulling listings until conditions improve, and that tight supply is acting as a floor under prices even as transaction volumes fall.

Ottawa: Balanced and cautiously optimistic

Canada’s capital sits squarely in balanced territory. The aggregate home price dipped a marginal 0.5% year over year to $775,800, with townhomes seeing the strongest activity and condos beginning to stabilize. Activity is picking up as the spring market gets underway, with Ottawa home prices expected to remain relatively stable through the rest of the year.

The takeaway

National trends dominate the headlines, but regional realities define conditions on the ground. For buyers priced out of Canada’s largest markets, secondary cities continue to offer not just relative affordability, but in many cases, genuine competition and price appreciation. The story of Canadian real estate in 2026 isn’t simply one of decline. It’s one of divergence.

May 26, 2026

The best way to get the most out of your garage is to fully clear it out, deep clean it, organize storage vertically along the walls, and commit to parking your car inside every night. Done right, a well-organized garage protects your vehicle from Canada’s harsh winters, reduces clutter, and saves you time every single morning from November through March.

Step 1: Do a Full Garage Cleanout (Budget a Full Weekend)

A garage cleanout takes a full weekend — not one afternoon. Pull everything out of the garage completely, then sort every item into four piles:

• Keep – items you use regularly and have a specific place for
• Donate – usable items you no longer need
• Sell – sellable items for Facebook Marketplace or a garage sale
• Trash – broken, expired, or unsalvageable items

Be honest: if something hasn’t been touched in a year or two and you can’t name a specific upcoming use for it, it’s time to let it go.

Step 2: Deep Clean the Empty Garage

With everything out, clean the garage thoroughly before anything goes back in:

• Sweep and scrub the floor. Use a concrete degreaser on oil or grease stains.
• Wipe down walls and doors.
• Inspect weatherstripping around doors and windows — gaps let in cold air and moisture over winter.
• Check the garage door mechanism and test that it opens and closes properly.
• Replace dead bulbs. Consider upgrading to LED fixtures for better visibility year-round.

Starting fresh with a truly clean space makes organizing far easier.

Step 3: Measure Your Space Before Buying Storage

Before buying any shelving, cabinets, or storage systems, measure your garage carefully:

1. Map out the floor space your vehicle needs — length, width, and enough clearance on each side to open the doors comfortably.
2. Treat the remaining wall space and ceiling as your storage area.
3. Sketch a rough layout before purchasing anything.

Skipping this step is how you end up with shelving units that block a door or eat into your parking space.

Step 4: Build Upward — Use Vertical Storage

The goal is to keep the garage floor clear for your vehicle. The most effective way to do this is to go vertical:

• Floor-to-ceiling shelving or wall-mounted cabinets along the perimeter maximize space without reducing parking room.
• Clear, lidded bins labelled by category make it easy to find items without digging through stacks.
• Pegboards with heavy-duty hooks are ideal for long-handled tools, garden hoses, extension cords, and sports equipment — everything visible, off the floor, and with a designated spot.
• Overhead ceiling racks (typically rated for 250–600 lbs) are worth installing for seasonal items that only come down a few times per year, such as holiday decorations or camping gear.

Store frequently used items at accessible heights and move rarely touched items up high.

What Should Not Be Stored in a Garage

Not everything that ends up in a garage belongs there. Here’s what to keep out:

• Old paint, solvents, and flammable chemicals – these are hazardous in enclosed spaces and degrade with temperature swings. Check with your local municipality for safe disposal options.
• Propane tanks – must be stored outside in a ventilated area, never indoors.
• Birdseed, pet food, and unsealed pantry items – these attract mice and other wildlife looking for warmth in winter.
• Documents, photographs, and electronics – anything that can be damaged by moisture or cold belongs inside the house. Garages are prone to condensation and temperature fluctuations.

Park Inside Every Night — Especially in Canadian Winters

Committing to parking your car in the garage every night is the habit that holds everything else together. When the centre of the garage is consistently occupied by a vehicle, clutter has nowhere to accumulate.

Beyond organization, parking indoors has real benefits for your car:

• Batteries hold their charge better in stable temperatures.
• Engines start more cleanly when they haven’t spent the night in freezing cold.
• Paint, rubber seals, and trim last longer when not repeatedly cycled through freeze-thaw conditions.
• You spend less time scraping ice and clearing snow on dark winter mornings.

A single weekend of work now pays off every morning from November through March.

Frequently Asked Questions About Using Your Garage

How long does it take to organize a garage? A thorough garage cleanout and reorganization takes a full weekend — two solid days at minimum. Trying to rush it into a single afternoon usually results in items being put back without proper sorting.

What is the best way to store tools in a garage? The best way to store tools in a garage is with a pegboard and heavy-duty wall hooks. Pegboards keep tools visible, off the floor, and easy to grab. For power tools and small hand tools, use a labelled cabinet or sturdy shelving unit at waist height.

Can you store paint in a garage in Canada? No. Paint should not be stored in a Canadian garage. Freezing temperatures cause latex and acrylic paint to break down and become unusable. Old paint also poses a fire hazard in enclosed spaces. Store leftover paint indoors, or dispose of it through your municipality’s household hazardous waste program.

Is it bad to leave your car outside in winter in Canada? Yes. Leaving a car outside in Canadian winters accelerates wear on the battery, rubber seals, paint, and engine components due to repeated freeze-thaw cycles. Parking indoors extends the life of these components and eliminates the need for daily ice and snow clearing.

What should you not keep in a garage? You should not keep propane tanks, flammable chemicals, birdseed, pet food, important documents, photographs, or electronics in a garage. These items are either fire hazards, attract pests, or are easily damaged by moisture and temperature changes.

How do you keep a garage organized long-term? The most effective strategy is to park your car inside every night. When the floor is consistently occupied by a vehicle, there is no physical space for clutter to accumulate. Pair this with wall-mounted storage, labelled bins, and an annual spring cleanout to maintain the system.

May 21, 2026

With the rising cost of living continuing to reshape financial priorities, more Canadians are rethinking the traditional “dream wedding” in favour of a different long-term goal: home ownership. From smaller guest lists and backyard ceremonies, to courthouse weddings and delayed honeymoons, couples are making bigger sacrifices to help get a foot on the property ladder.

According to a recent Royal LePage survey, conducted by Burson,¹ 79% of respondents who are planning a wedding, or who have someone in their life who is, say they would consider requesting money for a down payment on a home instead of a traditional wedding gift (37% say definitely, and 42% say maybe). Of those respondents who are already married, 57% say they would have liked to request money for a down payment on a home instead of a wedding gift; 10% say they did in fact request money for their wedding. 

“Few milestones carry more weight than buying a home or getting married. As the cost of living puts pressure on household budgets across the country, more Canadians are finding themselves having to make difficult trade-offs between the two – and in many cases, it’s the wedding that gets scaled back,” said Anne-Elise Cugliari Allegritti, vice president of research and communications, Royal LePage. 

“There is no one-size-fits-all answer to the question ‘rings or real estate?’. Every couple is different, and so are the circumstances under which they navigate these important life events. However, rising living costs – extending well beyond housing alone – are causing many Canadians to reassess how they prioritize major celebrations and long-term financial goals,” she noted. “In the past, tradition may have dictated first marriage, then mortgage. Today, many couples are having to balance their desire for a once-in-a-lifetime wedding celebration with the reality of building equity and securing their financial future. For some, that means prioritizing getting into the housing market before walking down the aisle. Many people are recognizing that while a wedding is a beautiful one- or two-day event, a home is a lifetime investment.” 

Saying “I do” to home ownership first

When asked if they would forgo or significantly scale back a wedding to put money towards a down payment on a home, 46% of respondents across Canada say definitely; 36% say maybe. When thinking back to their own wedding, over half (55%) of married respondents say they would have forgone or significantly scaled back a wedding to put money towards a down payment on a home.

According to The Knot’s 2025 Global Wedding Report, the average wedding costs approximately $33,000 USD, before a honeymoon or wedding rings (more than $45,000 CAD).² 

“With weddings, couples have more options when it comes to lowering costs – trimming the guest list, choosing a more modest venue, or cutting back on extravagant extras. Housing offers less flexibility, without compromising on size or location. As a result, some couples are choosing to trade the champagne toasts for a sizable down payment because they know that while you can always throw a party later, you may not always be able to find your forever home at today’s prices.”

Other interesting highlights from the survey:

• Respondents in British Columbia are the most likely to request financial contributions toward a down payment in place of other wedding gifts.
• Those in Manitoba, Saskatchewan and Quebec are less likely than the average Canadian to request money towards a home as a wedding gift.
• When asked to identify the biggest or most important purchase in a person’s life, 83% of respondents said a home.

Read the full press release and review the data chart for more details:

PRESS RELEASE

DATA CHART

Buying your first marital home? Check out these helpful articles:

• Ottawa launches applications for first-time home buyers’ GST/HST rebate
• Province of Ontario proposes full HST rebate for first-time homebuyers on new homes
• Planning to buy a home this spring? Here’s what you can do now to prepare yourself.
• Saving for your first home? Here’s what you need to know about Canada’s First Home Savings Account (FHSA)
• Canada’s housing market is ripe with possibility, but new buyer hopefuls are taking their time
• Do I need a REALTOR® to purchase a home?
• Understanding the Bank of Canada’s overnight lending rate: What it is and why it matters
• Moving to a new province? Here’s how to relocate like a pro

May 19, 2026

Power outages can happen any time of year – after thunderstorms, high winds, heavy rain, ice accumulation, heat waves, or equipment failure. When the power goes out, it’s not just the lights that shut off. Food can spoil, basements can flood, internet connections go down, cellphones die, and indoor climates can get uncomfortable fast.

The good news is you don’t need a home’s-worth of backup power to be prepared for an outage. Most homeowners only need a practical plan to keep the essentials running, and if you plan ahead, you can often avoid buying far more generator capacity than you actually need.

Step 1: Identify your “essential loads”

Start by listing what you would truly want powered during an outage:

• Fridge and freezer
• Sump pump (if your home has one)
• Wi-Fi modem/router
• Phone and laptop chargers
• A few interior lights
• Garage door opener (optional)

If you have a sump pump, it’s often the most important item to have running during storms with heavy rain, as these systems prevent basement flooding and can save thousands in damage.

Step 2: Keeping your house warm is often less power than people think

If your home uses natural gas or oil heat, the fuel provides the heat, but electricity is still needed to run a blower fan and sometimes a small pump or controls. In many homes, that heating “support” load is modest, often in the range of 300 to 400 watts for the fan or pump on many systems.

Having power to your heating system is a major advantage, as it means a smaller generator can keep your whole home warm, rather than needing a massive unit to run the entire system. 

Money-saving tip: Don’t size backup power as if everything must run at once

One of the biggest reasons people overspend on backup power is how the system gets sized.

It’s common to list every device you might want to keep powered during an outage – fridge, freezer, microwave, kettle, coffee maker, lights, TV, furnace fan, and the sump pump. But, when you add up every wattage at once, including start-up surge, the numbers can quickly spiral. The result is homeowners buying a larger, heavier, and more expensive generator than their situation really calls for. 

A more realistic way to plan is rotating loads (sometimes called load management). For example:

• Your fridge doesn’t need continuous power, it cycles. You can power it for a period, then switch to another priority.
• Your freezer can often be powered less frequently (often once or twice a day) if the door stays closed and food stays frozen.
• Wi-Fi, chargers and LED lights use relatively little power and can often run alongside other essentials.
• For many homes, gas/oil furnace fan/pump power is relatively low, making it feasible as part of the essentials plan.

The takeaway: the cheapest and easiest backup power plan is often the one that’s sized for how people actually use power during an outage, not for an unrealistic “everything at once” scenario.

Step 3: Choose a backup option that matches real-life use

There are several backup approaches. The best one depends on your budget, outage frequency, and how hands-on you want to be.

Option A: Standby generator (permanent install)

A standby generator is installed outside and connected to your electrical panel with a transfer switch, often turning on automatically whenever there’s an outage.

Best for: frequent outages and homeowners who want a hands-off solution.
Keep in mind: installation and total cost can be significant, and yearly maintenance cost is part of ownership.

Option B: Portable gas generator

Portable generators can power home essentials using extension cords or, more safely and conveniently, a properly installed transfer switch.

Best for: flexibility, especially for longer outages.
Keep in mind: portable generators require storing and rotating multiple gas cans to keep fuel fresh, along with managing noise, regular maintenance, and proper setup and safety precautions. 

Option C: Battery backup (with or without solar)

Battery power stations and home batteries can be great for smaller loads.

Best for: short outages and quiet operation.
Keep in mind: runtime is finite once the battery is drained. Solar panels can help recharge the battery, but output drops in poor weather or low-light winter conditions, and produces nothing at night, which is exactly when many outages occur.

Option D: Using a vehicle as backup power (vehicle-based power)

Many homeowners don’t realize that the vehicle sitting in their driveway can be a practical source of backup power for essentials. Because vehicles are maintained and are ready to go on demand, a vehicle-based approach can be a useful option for running items like refrigeration, Wi-Fi, chargers, and (in many homes) the gas or oil furnace fan/pump. Depending on your setup and loads, vehicle-based solutions can provide 50–80 hours of essential backup power.

There are a few different ways people do this, ranging from built-in vehicle power features on some newer models, to purpose-built systems designed to safely provide household-style power from a vehicle. These solutions work with gas, diesel, hybrid, and most pure EV vehicles.  

Step 4: Build a simple outage kit

A few inexpensive items make power outages far less stressful:

• Flashlights and spare batteries
• Headlamps 
• Outdoor-rated extension cords (if your setup uses them)
• A power bar (useful when power is limited)
• Phone battery banks

Store everything together in one place so you’re not hunting in the dark.

Final thoughts: Preparedness is about essentials (and not overspending)

Outages are a reality of homeownership. The goal isn’t powering everything – it’s protecting what matters – preventing water damage, keeping food safe, staying connected, and maintaining basic comfort.

If you plan around essentials, rotate loads realistically, and choose a backup approach you can confidently use, you’ll be prepared whenever the power goes out.

May 13, 2026

Buying a recreational property like a cottage, cabin, or vacation home can be both a personal escape and a solid investment. With the potential for short-term rental income and long-term value growth, it’s important to approach the purchase with careful planning. Here’s what to keep in mind:

Choose a high-demand location

Location is key. Opt for an area that attracts tourists and offers consistent demand for vacation rentals. Properties near lakes, mountains, or popular towns with year-round activities and convenient access tend to perform best. Look for amenities that appeal to renters and contribute to a strong return on investment.

Account for seasonal fluctuations

Rental demand often shifts with the seasons. Lakefront cottages peak in the summer, while ski chalets see most of their business in the winter. Review historical rental data to understand when you’ll earn the most and how to price accordingly. Planning around these cycles can help you maximize income and offset slower periods.

Understand local regulations

Before you buy, make sure the property is legally zoned for short-term rental use. Many areas have specific rules or licensing requirements for vacation rentals. Failing to comply can lead to fines or restrictions on your ability to rent. A local real estate lawyer can help verify everything is in order.

Plan for ongoing maintenance

Vacation properties, especially those in rural or remote areas, often need more upkeep than traditional homes. From seasonal prep to regular repairs, it’s essential to have a plan in place. Build a reliable network of local service providers and budget for routine maintenance to avoid unexpected disruptions or costly damage.

Evaluate rental income potential

Research similar rentals in the area to estimate how much income you can expect. Look at pricing, occupancy rates, and guest reviews. Property managers and rental platforms can provide insights and data to help you set realistic expectations and assess profitability.

Explore financing options

Lenders often treat vacation properties differently from primary residences. You may face higher interest rates or larger down payment requirements. Work with a mortgage broker familiar with recreational properties to find the best financing for your situation.

Consider the tax impact

Rental income is taxable, and there may be capital gains tax when you sell. However, many related expenses, like mortgage interest, property taxes, and repairs, are deductible. A tax professional can help you navigate these rules and ensure you’re prepared for tax season.

Pro tip: Keep detailed records of all rental-related income and expenses to simplify reporting and maximize deductions.

Factor in personal use

If you plan to use the property yourself, think about how that will affect your rental income. Many owners reserve time during off-peak seasons to enjoy the property while keeping it available during high-demand periods to maximize earnings.

A vacation property can serve as both a personal retreat and a profitable investment. With the right location, solid planning, and a clear understanding of the financial and legal landscape, you can make a confident and informed purchase that supports your long-term goals.

May 7, 2026

If you’ve been following Toronto’s housing market, you’ve likely noticed a shift in tone this year. The condo market has settled into a more balanced, stable rhythm after a few years of post-pandemic ups and downs. While activity has picked up slightly compared to 2025, the bigger shift isn’t just in how much is selling, but in how the market itself is behaving.

Recent data underscores this transition. According to the Q1 2026 Royal LePage House Price Survey and Market Forecast, the median price of a condominium in the Greater Toronto Area decreased 6.5% year over year to $658,000, but remained relatively flat quarter over quarter, rising 0.3%. In the City of Toronto, the median price declined 3.8% year over year to $660,600, and increased 3.7% compared to Q4 2025.

As inventory continues to build, conditions remain in favour of buyers, but the pace of the market has become more measured. Decisions are being made more thoughtfully, with a focus on long-term value rather than quick moves.

If you’re thinking about buying or selling a condo this year, here are four key trends shaping Toronto’s condo market to keep in mind.

1. Buyers have more room to negotiate

Buyers are still in a strong position, thanks to higher inventory levels and more choice across the market. Unlike previous years, when limited supply fuelled intense competition, today’s environment feels far less competitive.

With more options available, buyers are taking their time, comparing properties, and negotiating with greater confidence. Conditional offers are becoming more common, and there’s a clear focus on getting good value, especially in segments with the most supply.

While transactions are still happening at a steady pace, the experience feels more deliberate. Overall, buyers have more control and space to make decisions that feel right for them.

2. Inventory is concentrated in smaller, investor-owned units

One of the most defining features of Toronto’s current condo market isn’t just how much inventory is available, but what that inventory looks like. A large share of listings consists of smaller condos, especially studios and one-bedroom units.

Much of this supply is coming from investor-owned properties. With borrowing costs still relatively high and rent growth leveling off, some investors are choosing to sell, adding more entry-level units to the market.

At the same time, demand hasn’t kept pace. Smaller condos, particularly those with less efficient layouts or in investor-heavy buildings, are taking longer to sell and tend to be more price-sensitive.

Meanwhile, larger and more functional units are holding their appeal. Two-bedroom layouts, one-bedroom plus den options, and condos with parking or space for a home office are seeing stronger interest, reflecting a shift toward practicality, flexibility, and long-term livability.

3. First-time and end-user buyers are leading the way

One of the biggest shifts in 2026 is the growing presence of end-user buyers, especially those entering the market for the first time.

With prices down compared to last year and more inventory available at accessible price points, homeownership is starting to feel within reach for sidelined buyers, as easing condo prices narrow the gap between rent and mortgage costs.

The profile of today’s condo buyer is also becoming more defined. Many are in their late 20s to early 30s, working in fields like finance, tech, healthcare and professional services. Some are buying solo, others as couples, and in many cases, family support is helping them get started.

At the end of the day, it comes down to lifestyle, functionality and location. Features like dedicated at-home workspace, access to transit, walkability and nearby amenities are key considerations for today’s condo buyers. Established neighbourhoods such as Yonge and Eglinton, King West, the Distillery District and the St. Lawrence Market continue to attract strong interest for their connectivity and sense of community.

4. Investor activity is reshaping supply dynamics

Investor participation remains an important part of Toronto’s condo market, but it is shifting in response to changing financial conditions.

Many who bought during the low-rate environment of 2020 and 2021 are now facing mortgage renewals at much higher rates. For some, especially those with smaller units and tighter margins, that’s prompting a rethink, and in some cases, a decision to sell.

This has led to more investor-owned units hitting the market, particularly in the entry-level segment, adding to overall inventory.

However, not all investors are rushing to exit. Some are choosing to hold and wait for better conditions, rather than sell at a lower price. That hesitation is creating a bit of friction, with some listings sitting longer or being pulled and relisted.

Overall, this push and pull is creating a more segmented market, where pricing and demand can vary significantly depending on the type of unit, the building and the location.

Outlook for Toronto’s 2026 condo market

Looking ahead, Toronto’s condo market is expected to maintain a steady and balanced trajectory through the remainder of the year.

The spring and summer markets should unfold without major surprises. With borrowing costs holding relatively stable and buyer confidence slowly returning, activity is expected to remain consistent, though more measured. Buyers are taking a thoughtful approach, focusing on long-term value rather than rushing decisions.

Pricing will continue to depend on the type of unit. Smaller, more uniform condos, especially in investor-heavy buildings, may continue to face some downward pressure. In contrast, well-designed, functional units in desirable locations are likely to hold their value, supported by steady demand from end-users.

On the supply side, new condo completions will continue at a pace similar to last year, keeping inventory levels elevated in the near term. Existing supply will gradually be absorbed, setting the stage for tighter market conditions in 2027 and 2028. As a result, buyers may face increased competition for a more limited inventory down the line, reflecting the impact of today’s reduced building levels.

While recent policy changes, such as reduced development charges, may help support future supply, those effects will take time to materialize. Meanwhile, higher construction costs continue to shape what gets built and when.

Overall, Toronto’s condo market is moving into a more stable and sustainable phase. With more choice, more balanced conditions, and a growing share of end-user demand, the market is increasingly defined by careful, informed decision-making rather than urgency.

May 5, 2026

If you’re looking to modernize dated cabinetry in the kitchen or add your own sense of style to a new-build bathroom, cabinet hardware is a simple and cost-effective update to make your space feel more considered. With so many finishes and styles available, it is helpful to have a plan before you start shopping.

Here are five things to consider when choosing cabinet hardware:

1. Knobs versus pulls

The traditional rule is straightforward: knobs for doors and pulls for drawers. Knobs require less grip and work well on upper cabinets where you are reaching up to open a swinging door. Pulls offer more leverage, making them ideal for heavier lower drawers. For a timeless look, many Canadian homeowners mix both, using knobs on all doors and pulls on all drawers while keeping the finish consistent.

Alternatively, many modern and transitional designs use pulls exclusively for a sleek, uniform aesthetic. Don’t be afraid to break the rules if it suits the layout of your room.

2. Getting the size right

Proportion is key to a polished look. A good starting point for pull length is approximately one-third the width of the drawer front. While two smaller pulls on a wide drawer offer a traditional look, a single, extra-long pull is often more functional for modern drawer glides. For cabinet doors, knobs typically fall between one and one-and-a-half inches in diameter – anything smaller can feel difficult to grasp.

Adopt the “Centre-to-Centre” Rule: If you are replacing existing hardware, measure the distance between the screw holes from centre to centre. In Canada, you will often see these sizes listed in inches, but pay close attention to the millimetres measurement. Most modern cabinetry follows a metric system where 96mm (approx. 3-3/4″), 128mm (approx. 5″), and 160mm (approx. 6-1/4″) are the standards. Matching the metric number is the secret to ensuring your new hardware aligns perfectly with existing holes.

3. Choosing a finish

Some of the most common finishes are brushed nickel, matte black, brass, and bronze. The most important rule is to coordinate with the permanent fixtures you cannot easily change, such as faucets, light fixtures, and hinges.

If you have stainless steel appliances and are feeling stuck, matte black is a versatile choice that complements almost any palette. For those seeking warmth, unlacquered brass has seen a significant resurgence, as it develops a natural patina over time that adds character to both traditional and transitional spaces.

4. Material and longevity

What the hardware is made out of matters as much as the aesthetic. Most budget-friendly hardware is die-cast zinc, which is lightweight and affordable, but more prone to wear over time. Solid brass, while a larger upfront investment, is considerably more durable and holds its finish longer in high-traffic areas like the kitchen. When shopping, check if a product is solid brass or brass-plated. The difference won’t be visible when new, but it will become apparent after years of use.

5. Match the style to the space

Hardware should feel like a natural extension of the room. Traditional cabinetry pairs well with more ornate knobs or classic cup pulls, while flat-panel cabinets suit simple bar pulls with clean lines. 

If you are not sure where to start, bring a cabinet door sample or a photo of your room to the hardware store. It is the best way to see how different finishes interact with your cabinet colour. If possible, take a single sample home first; what looks right under bright showroom lights can read differently under the specific lighting of your own home.

Your choice of hardware is a small detail that makes a significant impact on how you experience your home every day. By choosing pieces that reflect your style and meet your functional needs, you are adding a personal, finished touch to the heart of your home.