Edmonton Real Estate Blog

(NC) The term “house poor” is likely one we’re familiar with as Canadians. Given the ever-changing housing market, it’s something you may even have identified with. But what does it really mean? And how can we avoid it?

“House poor” is a situation that describes a person who “over-extends” themselves and spends an unusually large proportion of his or her total income (roughly 30-40% or more) on home ownership, including mortgage payments, property taxes, maintenance and utilities. If you’re feeling like a disproportionate amount of your income goes towards your home-related expenses, then you might be in this group.

According to the 2019 RBC home ownership poll, half of Canadians claim they would avoid a situation where they become house poor as they say it’s mentally stressful and financially irresponsible.

However, one in four Canadians does identify this way and approximately one in ten is prepared to put themselves in this position....

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(NC) For many of us, the aesthetics of our home –– a colourful garden, new furniture or trendy appliances –– often become our primary focus. But this can leave little time for unseen elements that can become a safety hazard.


Something overlooked like a loose or frayed cord can spark a house fire, and this happens most frequently during the winter months, according to the Canadian Red Cross.


It doesn’t take much for a fire to start in your home, but it doesn’t take much to prevent one. That’s why around this time of year, it’s crucial to take small, precautionary measures that will keep your family out of harm’s way. Here are four easy steps for a fire-free home:


  1. Develop a fire escape plan. Should a fire occur, it’s important to evacuate the home as quickly as possible. Creating a fire escape plan and practicing that plan twice a year will help ensure the safety of your loved ones in the event of a fire.
  2. Check smoke detectors frequently....
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Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.