Finding a rental that balances price and space is a challenge these days, especially in Canada’s bustling housing market. With rents skyrocketing, renters across the country are eager to find cities that offer affordable, spacious living options.

A study by the ViewHomes Team — a division of London, ON-based real estate firm Nu-Vista Premiere Realty Inc. — took a deep dive into rental data from 41 Canadian cities to assist potential tenants in making better choices. It uncovered the best spots for renters to get the biggest bang for their buck in terms of square footage.

Related: Top Renter-Friendly Cities That May Surprise You

Let’s take a look at the cities that made the Top 10.

1. Regina, SK

If you’re looking for value, Regina is the place to be! At $1.76 per square foot, you can snag a 756-square-foot apartment for about $1,333 monthly. The provincial capital boasts a more affordable cost of living than many other Canadian cities, a growing economy and a friendly, community-oriented atmosphere.

2. Sherbrooke, QC

Sherbrooke is the runner-up with a price of $1.93 per square foot. Renters in this southern-Quebec city get a bit more space, with average apartments around 825 square feet costing about $1,595 each month. In addition to the lower cost of living, Sherbrooke offers a unique blend of Quebecois culture, a vibrant university town atmosphere and beautiful natural landscapes.

See also: The Canadian Cities Expected to Grow the Most in 2025

3. Laval, QC

Laval takes the third spot, providing almost 900 square feet for $1.96 per square foot, which totals around $1,756 a month. It’s a great way to stretch your budget compared to living right in Montreal, and you still have the convenience of the Metro to get into the city whenever you want.

4. Fort McMurray, AB

Alberta’s Fort McMurray earns the fourth spot on the list with a rental cost of $2.04 per square foot. Renters here pay $1,576 per month for apartments averaging 773 square feet. The city offers a high earning potential in the resource sector, a close-knit community and access to vast wilderness areas for outdoor enthusiasts.

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5. Brossard, QC

In fifth place is Brossard, QC, where you can enjoy large 893-square-foot apartments for a rate of $2.13 per square foot, which comes to roughly $1,907 a month. Brossard is part of the Greater Montreal area, located right across the St. Lawrence River on the South Shore. It’s a great spot to enjoy city access while paying less than half the price per square foot compared to the island.

6. Saskatoon, SK

Coming in sixth place, Saskatoon in Saskatchewan has a rate of $2.14 per square foot. Renters can expect to pay about $1,765 for an average apartment that measures 823 square feet. Saskatoon offers a unique blend of affordability, a thriving job market and a friendly atmosphere, making it an attractive option for renters seeking a balanced lifestyle.

Related: Study Reveals Which Canadian Provinces Have the Highest Life Expectancy

7. Peterborough, ON

In Peterborough, you’ll pay $2.33 per square foot, and the typical mid-sized apartment is around 855 square feet, costing $1,990 a month. Peterborough offers renters a more affordable cost of living compared to larger Ontario cities, combined with access to beautiful natural surroundings and good schools like Trent University.

8. Nanaimo, BC

Renters in Nanaimo, BC, are looking at a cost of about $2.36 per square foot for apartments that usually span 794 square feet, making the monthly rent about $1,872. Located on the east coast of Vancouver Island, Nanaimo offers a desirable blend of island living, stunning natural beauty, a relatively mild climate and a more relaxed pace of life.

See also: Buying a Home Solo: It’s Possible and Here’s How to Do It

9. London, ON

If you’re renting in London, ON, expect to pay around $2.46 per square foot, which means the average rent comes to about $2,077 for a space of 843 square feet. It has a balance of big-city amenities along with a vibrant arts and culture scene and access to green spaces.

10. St. Catharines, ON

St. Catharines makes it into the top 10, where renters are paying $2.55 for every square foot. The average monthly rent in this biggest city in the Niagara Region sits at $1,929, with typical apartment sizes around 755 square feet. The combination of affordable housing, proximity to nearby wineries and natural attractions as well as a growing job market make it a good place to live.

Related: The Best Places for Gen Z to Live in Canada

Where Are Canada’s Major Cities on the List?

Curious about rental prices in Canada’s major cities? Edmonton ranks 19th, with renters paying $3.36 per square foot. Halifax is 21st, where the cost is $3.48 per square foot. Winnipeg is at 22nd, with a rate of $3.53 per square foot. Vancouver comes in at 31st, with an average monthly rent of $2,510 for a 576 square foot apartment, which works out to $4.35 per square foot. Montreal renters face $5.35 per square foot, putting them in 35th place. Finally, Toronto is at 37th, with a rate of $5.89 per square foot.

Wondering which city is the most expensive? Calgary, AB, sits at number 41st on the list. If you’re renting there, be ready to pay around $9.04 per square foot. For an average apartment of 648 square feet, that translates to a monthly rent of about $5,858.50.

There’s some positive news on the horizon for renters in Canada! The February 2025 National Rent Report by Rentals.ca reveals that the average asking rent for residential properties hit $2,100 in January, a 4.4 per cent drop from last year and an 18-month low.

You might also like: 10 Most Expensive Places to Live in Canada

Expedia Group has released its Unpack ’25 report, highlighting the hottest travel trends for 2025. Based on proprietary insights from 25,000 travelers across its platforms — Expedia, Hotels.com and Vrbo — the report identifies eight key trends that will shape next year’s travel experiences.

From Detour Destinations to the All-Inclusive Era, here is a breakdown of the travel trends expected to be huge in 2025.

1. Detour Destinations

Tourist favorites like Rome, London and New York will still draw visitors from all over the world, but in 2025, travellers will also be eager to explore Detour Destinations. A significant 63 percent of vacationers are expected to incorporate a Detour into their plans, such as a trip to Canmore while in Calgary, a visit to Reims during a stay in Paris, or an excursion to Fukuoka while in Tokyo.

If your travels take you to Florence, Italy, consider a Detour to the Chianti region, home to some of the world’s best wine and food. Make sure to stop by Castello di Verrazzano to sample their wines and balsamic vinegar, a gourmet lunch at Passo Dopo Passo Osteria in Riserva di Fizzano, and a visit to the Rocca delle Macie winery to visit their vineyards and indulge in a wine tasting paired with local specialties.

See also: The Most Charming Canadian Small Towns to Buy Property

2. Goods Getaways

Souvenir magnets and keychains aren’t going anywhere, but specialty goods and experiences are on the rise. Interestingly, 44 percent of travelers mentioned that they enjoy shopping for local products that aren’t available back home. Whether you bring home a bag of beans from a coffee tour in Costa Rica or learn how to make the perfect cup of matcha in Japan, each destination has unique offerings to explore.

If you’re planning a trip to Florence, Italy, and want to bring home a unique souvenir steeped in history, make sure to stop by Officina Profumo Farmaceutica di Santa Maria Novella. This renowned perfumery began as an apothecary in 1221 and truly flourished during the Renaissance, especially with the creation of their oldest fragrance, Acqua della Regina, which was famously gifted by Catherine de Medici to her husband, Henry II of Valois. Explore their expanding range of scents with the help of their knowledgeable concierges, and consider taking home a bottle of perfume, along with lovely decor items like candles or beauty products such as soaps and lotions.

3. Hotel Restaurant Renaissance

Hotel restaurants are no longer just a convenience or a last resort; they’re actually factoring into people’s decisions on where to stay while travelling. Hotels.com reports that positive hotel restaurant, chef and bar reviews have increased by 40 percent in 2024 compared to last year. With features like locally-inspired seasonal menus, Michelin-starred chefs and breathtaking views, the Hotel Restaurant Renaissance is a welcome trend for 2025. Experience the rebirth in Toronto at the Westin Harbour Castle’s Don Alfonso 1890, recipient of a coveted Michelin star in 2023. Or, if you’re in Florence, Italy, La Buona Novella at Grand Hotel Minerva is a three-time winner of the prestigious Cappello dell’Espresso Award.

Related: 8 Cleaning Secrets From Four Seasons Hotel Toronto

4. JOMO Travel

Move over, FOMO… it’s all about JOMO in 2025! JOMO is the “joy of missing out,” and JOMO travel means doing less on vacation to escape the fast pace of everyday life by escaping to a quaint cabin or tranquil beach house to relax, reconnect and recharge. Sixty-two per cent of travellers stated that they seek JOMO travel to help reduce stress and anxiety. Whether you select a secluded lakeside lodge in the Canadian wilderness or a country estate in the Tuscan countryside, JOMO trips are all about picturesque gardens, sprawling porches for reading and afternoon naps and quality time unwinding in a private pool or hot tub.

See also: The Most Spectacular Spas in Canada, by Province

5. The Phenomena-List

The April 2024 solar eclipse had travellers booking private vacation homes along the path of totality, and getaways centered on naturally-occurring phenomena will continue in 2025. 80 percent of travellers want to stay in a place that offers “prime viewing for these natural wonders,” making vacation homes in rural or secluded locales the perfect option. The Northern Lights tops the list of phenomena that people will travel to see, whether venturing to Yellowknife here in Canada or Reykjavik, Iceland. What’s on the Phenomena-List for 2025? Among the top destinations are the Bay of Fundy for the highest tides in the world, Phillip Island near Melbourne, Australia for the penguin parade, Hokkaido, Japan for the ballet of Japanese cranes, and Arches National Park in Utah for stargazing at the International Dark Sky Park.

See also: The Best Places and Times of Year to See the Northern Lights

6. 2025 Set-Jetting Forecast

Travellers are increasingly seeking vacation ideas from both movies and television shows, a phenomenon referred to as Set-Jetting. This travel trend was first recognized by Expedia Group in 2022 and has been on the rise ever since. Currently, two-thirds of travelers report that films, streaming platforms, and TV series have played a role in their choice of destinations, marking a 16 percent increase since 2023. According to the 2025 Set-Jetting Forecast, popular destinations influenced by entertainment include the Highlands of Scotland (thanks to The Traitors), rugged Montana and Wyoming (courtesy of Yellowstone), and alluring Dubai (inspired by The Real Housewives of Dubai).

Related: The Most Popular Cottage Destinations Across Canada

7. One-Click Trips

Influencers we trust have made a significant mark on our fashion and beauty choices, and now they’re stepping into the world of travel shopping. According to the report, 50 percent of consumers expressed a desire to book trips they discovered on social media, but many felt hindered by time limitations and the complexities involved. To address this, Expedia is introducing innovative “shoppable storefronts” in the travel industry, curated by social media creators, trendsetters, and brands. This One-Click Trips trend makes it easier for travelers to plan their dream vacations inspired by their favorite influencers.

8. All-Inclusive Era

Gen Z has entered its All-Inclusive Era, fueled by a desire for hassle-free accommodations and a good deal. The perception of all-inclusive hotels has changed for the better among a third of Gen Z travellers, and nearly half prefer an all-inclusive resort over an a la carte property. What has led to this surge in popularity among young jetsetters? 41 percent of Gen Z cites minimal stress, 39 percent likes the ease of booking and 38 percent think all-inclusive properties feel luxurious.

To learn more about these 2025 travel trends, download the full Expedia Group Unpack ’25 report here.

You might also like: Our Favourite Michelin Guide Hotels in Canada

The cost of living continues to be a concern for Canadians, and rental rates across the country reached record-breaking levels throughout 2023. According to Rentals.ca’s National Rent Report for January 2024, the average rent for all residential property types in Canada ended 2023 at a record high of $2,178 for December 2023. This was an increase of 8.6 per cent from December 2022 when the average was sitting at $2,005.

If you have a move coming up and haven’t been keeping tabs on market rates, let’s break down the average cost of renting a one-bedroom apartment in Canada right now.

Related: This is Where Home Prices Are Dropping Most in Canada This Winter

In the January 2024 National Rent Rankings, the average cost of a one-bedroom apartment in Canada was $1,922, up 13.4 per cent year over year.

The city with the most significant increase was Brampton, ON, seeing an 18.5 per cent jump to $2,117 in December 2023 when compared to the same time period one year prior. Scarborough, ON followed closely behind with the average cost of a one-bedroom apartment sitting at $2,209 — a 17 per cent hike. The third highest increase was in Laval, QC, where a one-bedroom apartment was $1,653, up 16.2 per cent.

The Average Cost to Rent a One Bedroom in Major Canadian Cities, 2024:

• Vancouver, BC: $2,700 (4 per cent increase year over year)
• Toronto, ON: $2,521 (2.6 per cent increase)
• Edmonton, AB: $1,285 (15.4 per cent increase)
• Calgary, AB: $1,708 (14.1 per cent increase)
• Regina, SK: $1,213 (13.6 per cent increase)
• Winnipeg, MB: $1,340 (9.7 per cent increase)
• Montreal, QC: $1,741 (10.2 per cent increase)

While rental rates were up overall across the country, some cities saw a decrease in the cost of a one-bedroom apartment for rent. For instance, Halifax, NS rates decreased by 7.4 per cent, with an average one-bedroom rental price of $1,841. Kelowna, BC also showed a drop of 4.3 per cent, with average rates closing out 2023 at $1,897. The largest decrease was in the border city of Niagara Falls, ON, where rents decreased by 11.5 per cent, bringing the rental rate down to $1,636.

What is the Outlook for Rental Rates in 2024?

According to Rentals.ca, “The rental market in Canada will remain undersupplied but should become somewhat more balanced this year, with rent growth expected to converge towards its five-year average of approximately 5 per cent.”

Demand for rental apartments is expected to remain strong with some moderation as compared to 2023, due to factors like a sluggish economy, a reduced number of non-permanent residents and an increase in homebuyers as interest rates decline. A rise in apartment completions and expected tenant turnover should add more units. Alberta is predicted to continue showing above-average rent increases, while large cities in British Columbia and Ontario will continue with increases below the national average.

Related: Apartment Decor Trends You’ll See Everywhere in 2024

Get ready to inject your home with a much-needed dose of vibrant colour this spring thanks to IKEA’s new collaboration with the acclaimed Dutch design duo, Raw Color.

The IKEA TESAMMANS Collection aims to showcase how hues can play with their surroundings, creating harmony in our living spaces. By emphasizing the power of colour, the limited collection looks to encourage people to embrace the mood-enhancing qualities of each item and “bring joy and colourful character to their homes.”

“We have an emotional and intuitive approach to colour, exploring how different shades interact to enhance each other,” says Christoph Brach of Raw Color. “Colours are never alone; they need company and it’s much like a recipe where finding the right balance is key for an object to truly sparkle.”

The TESAMMANS collection will feature 18 colour-happy products, and will launch across all IKEA markets in April 2024. Here’s a look at five pieces we can’t wait to add to our spaces this spring.

Related: IKEA Canada is Reducing Prices on Over 1,000 Products

Throw Blanket

This knitted throw features graphic lines and solid colours that, from a distance, appear to blend into a single hue. When you take a closer look, each separate colour emerges. It would be a welcome addition to any monochromatic living room or bedroom.

Related: 15 Beautiful and Powerful Black and White Bedroom Ideas

Wall Clock

A functional and highly stylish wall clock, the gaps in each layer line up perfectly twice a minute to create a visually stunning moiré pattern. Consider it for your kitchen or home office, lending a dash of personality.

Lamp Shade

These stacked lamp shades transition from darker to lighter tones, and can be used for table lamps or as hanging pendant lights. They’re also available in two sizes.

Trolley Storage Cart

Not only is this storage cart on wheels vibrant and full of life, but it provides easy access from various angles, making it a versatile addition to any space.

Glassware

These pale pink and light brown drinking glasses double as works of art. Whether you add them to your bar cart or your everyday drinkware collection, they’ll add a happy hit of colour to your kitchen (and are a great option to display on open shelving).

Related: These Small Apartment Kitchens Will Inspire You to Renovate

Alberta recently experienced the highest population growth among all Canadian provinces and territories, with a year-over-year increase of just over four per cent from July 2022 to July 2023. Calgary is one of the cities attracting people from outside of Alberta, mainly thanks to its lower-than-average housing prices compared to elsewhere in the country. In August 2023, the average home price in Calgary sat at $570,700, a record high for the city but still far less than the rates in cities like Toronto and Vancouver.

If the promise of more affordable home prices has you considering a move to Calgary, but you haven’t decided on a specific area, we’ve got you covered. Here’s a breakdown of the top neighbourhoods in the city and what makes each one so enticing.

Altadore

Altadore, a family-friendly neighbourhood located in the southwest part of the city, is a perfect combination of urban and rural living. Situated a short distance from Downtown Calgary, it offers the best of both the urban and rural worlds. Besides having many parks and schools, there is also the Marda Loop, a vibrant outdoor shopping district.

Beltline

The Beltline neighbourhood in Calgary is a lively urban community located just south of the downtown core. With its trendy shops, restaurants, nightlife and cultural attractions, it’s a popular destination for young professionals, artists and families alike. The area is characterized by a mix of historic architecture, modern condos and green spaces like Central Memorial Park and nearby Stampede Park.

Edgemont

Edgemont, located in Northwest Calgary, is a beautiful residential neighbourhood with breathtaking views of mountains and ravines. It provides a peaceful suburban lifestyle with convenient access to city amenities. Residents appreciate the well-kept parks, walking trails and nearby schools, making it perfect for families. Offering a variety of housing options like single-family homes and townhouses, Edgemont remains a popular choice for those looking for a blend of nature and city living.

Crescent Heights

Crescent Heights is a residential area near McHugh Bluff and the Bow River. This cute neighbourhood offers a mix of quaint, cottage-style heritage homes, tree-lined streets and boutique shops. You can find a variety of coffee shops and restaurants, particularly along Centre Street North. The neighbourhood is also close to the Bow River Pathway and just a short distance from popular attractions like the Calgary Tower and the Calgary Zoo.

Sage Hill

Sage Hill in Calgary’s northwest is a peaceful, family-friendly community with modern developments and beautiful surroundings. Despite its tranquility, it offers convenient access to amenities and a variety of housing options at affordable prices. Residents can enjoy parks and recreation facilities, fostering a strong sense of community. It is also conveniently located near major roadways like Stoney Trail and Shaganappi Trail.

Currie

Currie is a vibrant and evolving neighbourhood located in southwest Calgary. Situated on the historic site of a former Canadian Forces Base, it offers a unique blend of history, modern urban living and green spaces. As a master-planned community, Currie features a variety of housing options, including townhouses, condominiums and single-family homes, attracting a diverse mix of residents. It has walkable streets, parks and retail amenities, plus it’s conveniently located near major roadways and downtown Calgary.

Brentwood

Brentwood, located in the northwest quadrant of Calgary, is a popular residential area with mature tree-lined streets and a close-knit community atmosphere. It offers a suburban lifestyle with easy access to city amenities. The neighbourhood features single-family homes — along with some condos and apartments — making it appealing to families and professionals. It’s also close to schools, parks, shopping and the University of Calgary.

Varsity

Varsity, situated close to the University of Calgary in Northwest Calgary, is a highly esteemed residential area known for its mature trees, single-family homes on large lots, and its proximity to green areas such as Bowmont Park and Nose Hill Park. Established in the 1960s and early 1970s, it provides a peaceful suburban living experience with easy access to all the urban amenities one could desire, and is home to a predominantly youthful population.

Hillhurst

Hillhurst is a lively neighbourhood just north of Downtown Calgary. It has historic charm and is close to both the Bow River Pathway and Riley Park. There are character homes, modern buildings and trendy shops. The community is bustling and welcoming to residents like young professionals, families and artists. It offers easy access to parks, schools and public transportation, making it a top choice for urban living with charm in Calgary.

Evanston

Evanston is a rapidly growing community in the northwest quadrant of Calgary. Known for its affordable housing and family-oriented atmosphere, it offers residents a peaceful retreat from city life while still providing convenient access to amenities. With its well-maintained parks, playgrounds and pathways — as well as nearby schools and shopping centres — the neighbourhood caters to everyone from young families to retirees.

Currently, a popular real estate discussion in Canada revolves around the concept of “cash for keys,” where tenants are requesting money in exchange for returning the property to the landlord. Here, we’ll dive into the rental debate taking place across the country right now, how it differs from an eviction, why the trend is increasing, and whether tenants are actually using it to take advantage of landlords.

Related: The Average Cost to Rent a One-Bedroom Apartment in Canada

How is ‘Cash for Keys’ Different From a Standard Eviction?

Eviction and “cash for keys” are two different but legal methods for resolving a situation where a tenant needs to vacate a property. Here are the key differences.

Eviction is a legal process initiated by a landlord to remove a tenant from a property, which typically involves going through the court system. These usually occur for cause, meaning that a tenant has violated the terms of their lease agreement, like failing to pay rent or breaching the contract terms.

Evictions are costly and time-consuming for both landlords and tenants due to legal fees, court appearances and the time it takes to complete the process. If a tenant does not vacate a property after receiving an eviction notice and court order, law enforcement could be involved to physically remove the tenant.

On the other hand, cash for keys is a voluntary agreement between a landlord and a tenant to vacate a property in exchange for a cash payment or other incentives. It’s a process that requires negotiation and mutual agreement between the landlord and the tenant. Cash-for-keys agreements are typically resolved quickly, saving time and money for both parties. You avoid going through the costly and lengthy legal eviction process.

In short, eviction is when a landlord legally removes a tenant from a property, while cash for keys is an agreement where the tenant willingly leaves in exchange for money or benefits, avoiding formal eviction.

Why is This Rental Market Trend Increasing in Canada?

As landlords are facing rising costs, like mortgages coming up for renewal at increased interest rates, they’re opting to sell instead of renegotiating the mortgage on rental properties. As a result, tenants are being forced into looking for a new home in a rental market defined by low vacancy rates and record-high average monthly rents.

Tenants are likely to face a steep increase in rent if they move, jumping hundreds or even upwards of $1,000 per month. And while rents have been increasing, salaries have not, making this an additional strain on renters. Cash-for-key deals help lessen the financial blow on tenants while landlords stand to make a profit from a sale.

Related: What is Mortgage Payment Shock and Why Are Canadians Worried?

Are Tenants Using ‘Cash for Keys’ to Take Advantage of Landlords?

Some individuals view cash-for-key agreements as a means for tenants to exploit landlords due to delays in Ontario’s tribunal system.

According to a recent CBC News article, “Paralegals and landlords say some tenants are taking advantage of long delays at the Ontario Landlord and Tenant Board, which resolves disputes between landlords and tenants, and are asking for higher cash-for-keys demands than ever before.”

However, others view the process as a way for tenants to receive fair compensation, since they’re being forced to move when rental rates have skyrocketed. It is often the tenant who bears the highest burden in these scenarios, including the time it takes to find a new home, likely paying a much higher monthly rent, first and last month’s rent deposits, and all of the expenses associated with moving.

Tenant vs Landlord Rights

Tenants have rights when asked to vacate a rental property if the landlord wishes to:

• Sell the property
• Demolish a property
• Take possession of the property so the homeowner or their spouse, child or parent can move in

For example, per the Ontario Landlord and Tenant Board, a landlord must follow a specific process for each of these three circumstances. Also, a landlord cannot ask a tenant to vacate a property before selling it.

In response to the CBC piece, published by Now, Douglas Kwan of the Advocacy Centre for Tenants Ontario stated, “Any landlord or potential landlord should know how the law works. If a property has existing tenants, the purchaser inherits those tenants and becomes their new landlord.” In a case such as this, he claims it is legal and reasonable for a tenant to demand a cash-for-keys arrangement.

In conclusion, cash for keys is a legal agreement between landlords and tenants to vacate a property in exchange for compensation, providing an alternative to the costly and lengthy eviction process.

The trend is increasing in Canada due to rising costs for landlords and a competitive rental market, with tenants using this method to mitigate the financial impact of relocating. Although some landlords feel taken advantage of — and there’s a possibility that some tenants could have unreasonable demands — it’s a reasonable route to consider.

In 2023, a captivating selection of celebrity homes hit the real estate market, offering a glimpse into the luxurious lifestyles of the rich and famous. From sprawling mansions nestled in exclusive Los Angeles neighbourhoods to chic New York City penthouses boasting breathtaking views, these homes became the focal point of attention for both real estate enthusiasts and celebrity aficionados. Let’s take a look back at the top 15 celebrity homes that hit the market in 2023.

Trevor Noah’s Manhattan Penthouse

Former Daily Show host and comedian Trevor Noah’s Manhattan penthouse was listed late in 2022 and sold for $9.5 million in 2023. The 3,600-square-foot Art Deco duplex apartment featured 15-foot ceilings, floor-to-ceiling windows, three bedrooms, a home theatre, a 1,000-square-foot terrace and a heated plunge pool.

Related: The Hottest Real Estate Markets in Canada Right Now

Cher’s Former Miami Mansion

Cher’s former estate on La Gorce Island, a gated community in Miami Beach, was listed in 2023 and sold for $35.35 million. A 12,450-square-foot Spanish-style estate with six bedrooms, arched Mediterranean-style windows and a 50-foot resort-style swimming pool, the home also boasts 158 feet of unobstructed waterfront views.

Emily Blunt and John Krasinski’s Former Hollywood Home

A Midcentury-style gem in the Hollywood Hills that once belonged to Emily Blunt and John Krasinski went up for sale this spring at a price tag of $6 million. Nestled on a cul-de-sac above Mulholland Drive, the 3,657-square-foot home was built in 1965 and the couple retained its unique charm during the updates. While it did not sell this year, you can rent it for $30,000 a month.

Related: What Is Mortgage Payment Shock and Why Are Canadians Worried?

Rihanna Buys Matthew Perry’s Former Malibu Penthouse

Rihanna added another property to her portfolio in 2023 with the purchase of the Malibu penthouse that once belonged to Friends’ star Matthew Perry. Located on the 40th floor of The Century building, one of the most exclusive addresses in Los Angeles, the 9,290-square-foot condo sold to RiRi for $21 million, $6k less than Perry sold it for in 2021.

Joe Jonas and Sophie Turner’s Miami Home

Before their split made headlines worldwide, Joe Jonas and Sophie Turner sold their Miami home in August for $15 million. With 10,414 square feet of space, six bedrooms, nine bathrooms and its own 94-foot private dock, it was described as a tropical spin on a Frank Lloyd Wright-inspired design.

Elton John’s Sprawling Condo in Atlanta

Sir Elton John offloaded his Atlanta, Georgia condo this year, the property that was his home base in the US for more than three decades. It started as a 2,500-square-foot duplex in the 1990s but the Rocket Man transformed it into a 13,500-square-foot, four-bedroom, seven-bath unit with a walk-in closet worthy of a superstar. The condo was listed for $4.9 million but sold in early November for $7.225 million, which was 45 per cent above the asking price.

Jim Carrey’s Magical Sanctuary Mansion

Located in the Los Angeles neighbourhood of Brentwood, Jim Carrey’s 12,700-square-foot home officially hit the market this year. Referred to as a “magical sanctuary” by the Canadian-born star, it has five bedrooms, six bathrooms and impressive high-beam ceilings. Originally listed for $28.9 million, it was first reduced to $26.5 million and is now available for just under $24 million.

Walt Disney’s Former Fairy Tale Family Home

The former fairy tale home of Walt Disney and his family became available for lease this year and gave us a chance to take a look inside. The Disney family lived in the home — located in the Los Feliz area of Los Angeles — from 1932 to 1950. With hand-painted murals, a screening room, a pool and a cottage-style children’s playhouse, you could rent it for $40,000 a month.

The Mansion Where Harry and Meghan Filmed Their Netflix Documentary

The Mediterranean-style Montecito mansion where Prince Harry and Meghan Markle filmed most of their Netflix documentary briefly hit the market at a price tag of over $33.5 million. At almost 14,000 square feet and featuring multiple terraces, two acres of lush grounds, a home theatre, pool, hot tub and even a chicken coop, the listing was removed in May.

The Show-Stopping Penthouse From Succession

Succession wrapped its final season in 2023 and one of its most notable filming locations hit the market this year. Appearing as the home of Kendall Roy (Jeremy Strong), the 5,500-square-foot, three-level penthouse on 72nd Street near Central Park in New York has five bedrooms, a spa bathroom and panoramic views. Listed for $29 million, it finally sold for $24.7 million.

Angelina Jolie and Brad Pitt’s Former New Orleans Pad

While doing charity work in New Orleans, former power couple Angelina Jolie and Brad Pitt purchased a 7,703-square-foot estate in the French Quarter for $3.5 million. With a main house that included an owner’s suite and four guest bedrooms, a guest house with an additional two bedrooms and a courtyard featuring a fountain and a pool, the Parisian-style property was listed for auction in late 2023 at a starting bid of $1 million.

Related: The Most Affordable Places to Live in Toronto

Barbara Walters’ Central Park Apartment

This spring, the apartment that late broadcast journalist Barbara Walters called home for decades went up for sale. Located in Manhattan’s Upper East Side adjacent to Central Park, it boasts Italian Renaissance-inspired decor and furnishings. Originally listed for $19.75 million, it was reported that a contract had been signed for just under $18 million.

Bahamas Island From Pirates of the Caribbean and James Bond Films

Little Pipe Cay in the Bahamas, where parts of the Pirates of the Caribbean and James Bond movies filmed, went up for sale in 2023 for $100 million. Located in the Exumas archipelago, about 70 miles from Nassau, it has a 5,300-square-foot primary residence, four guest cottages and staff quarters, a seaplane dock, helipad and a deep-water superyacht dock.

Jackie Kennedy’s Former DC Home

An 18th century mansion that once belonged to former First Lady Jackie Kennedy went up for auction this year and is still available. Located in the Georgetown neighbourhood of Washington, DC, the home was purchased following the assassination of her husband, President John F. Kennedy. The home, where Jackie and her children lived for a year, was later combined with two other homes to create a 16,300-square-foot compound.

Copper Beech Farm, Historic US Waterfront Home

In a record-setting real estate deal this year, the historic waterfront home known as Copper Beech Farm sold for an unbelievable $138 million back in the summer. Built in 1898, the 50-plus acre property, located on a peninsula in Greenwich, Connecticut, was once the most expensive home in the United States and owned by one of the richest people in the world at the time, industrialist George Lauder of the Carnegie Steel Company.

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Angelina Jolie and Brad Pitt were once one of Hollywood’s most powerful couples. During their 12 year relationship, Brangelina had a family, started several charitable foundations and purchased homes in France, England and the United States. Among these properties was a historic house in New Orleans, which also served as the base for their Make it Right Foundation, which rebuilt homes destroyed by Hurricane Katrina. Pitt’s connection to the city went beyond their foundation, too; it’s where he filmed some of his most iconic movies, including Interview with the Vampire and The Curious Case of Benjamin Button. Jolie and Pitt bought the house in 2006 for $3.5 million USD and sold it when they split in 2016.

The 7,703-square-foot estate has a storied history, including a past incarnation as a studio where R&B greats like Little Richard, Ray Charles and Fats Domino once recorded. Meticulously restored in 2017 to modern standards but still maintaining its 19th century Parisian aesthetic, it is currently up for auction with Interluxe Auctions at a starting bid of $1 million USD.

Let’s take a look at this stunning New Orleans property.

Pearl of the Quarter

Built in 1828, this Parisian-style masonry mansion has 36 feet of frontage on a herringbone French Quarter sidewalk. The home is steps away from the historic French Market, Café du Monde, Bourbon Street and the Faubourg Marigny neighbourhood with its Creole architecture, galleries and music venues.

A Warm Welcome

The charming foyer has rich hardwood and harlequin tile floors and a winding staircase leading to the second floor.

Let the Good Times Roll

The bright and open formal living room features a majestic marble fireplace and double French doors that lead to the front balcony.

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French Quarter Views

The double French doors from the formal living room lead to the front balcony and its impressive view of the French Quarter.

Bon Appétit

Venetian plaster walls lead from the formal living room to the formal dining room. The space has a dark marble fireplace and a door, a chandelier and a French door with balcony access.

Unleash Your Inner Chef

The fully-equipped gourmet kitchen overlooks the French Quarter skyline, and features a Viking stove, two ovens, a wine cooler, Sub-Zero refrigerator, butcher’s block island with porcelain sink and a pantry with windowed drawers. There is also a breakfast area.

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Burn After Reading

The library/second living room also has a beautiful marble fireplace, custom display shelves on every wall and a more informal seating area.

Big Easy Living

French doors lead to the owner’s suite with its bedroom, white marble fireplace, crystal chandeliers and antique sconces.

Escape and Recharge

The owner’s suite has an ensuite marble bathroom with a frameless glass shower, oversized bathtub, double vanities and access to the balcony.

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Southern Nights

There are two guest bedrooms on the first floor, each with floor-to-ceiling windows, private courtyard access and a shared marble bathroom. The third floor has two additional guest bedrooms along with a full bathroom.

Bienvenue Guests

The estate has a three-storey guest house that has two bedrooms, a full bathroom, a half bathroom and a fully-equipped kitchen. The living room is on the second floor and features a balcony and spiral staircase leading to the third floor.

The First Rule of Fight Club

The main floor of the guest house includes a gym complete with a mirrored wall, exercise bike, rowing machine, weights and a punching bag.

Sweet Home New Orleans

Hidden behind the mansion is a spacious courtyard with a fountain, pool and lush foliage. Access the courtyard directly from many of the main floor’s French doors or take in the view from one of the balconies overlooking the private oasis.

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A recent Toronto Star article about a report released by RBC analysts has raised some concerns for homeowners. The report, titled “Canadian Banks: A review of mortgage payment shock,” revealed that more than $900 billion in mortgages at Canadian banks are set to renew in the next three years. It disclosed that “around 60 per cent of mortgages at Canadian chartered banks are set to renew between now and 2026, hurting banks’ profits and homeowners’ wallets amid soaring borrowing costs.” This means that some borrowers will see their mortgage payments rise by nearly half at their next renewal.

So what exactly is mortgage payment shock? The term refers to the significant and sometimes unexpected increase in a homeowner’s monthly mortgage payment at the time of renewal. This spike results from several factors, causing financial distress for those who are not prepared for it.

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There are four common causes of mortgage payment shock:

Adjustable-Rate Mortgages

Also known as ARMs, adjustable-rate mortgages are one of the most frequent culprits. With ARMs, interest rates can fluctuate following an initial fixed-rate period, resulting in higher monthly payments.

Escrow Account Adjustments

When you make your mortgage payments, some of the money goes towards property taxes and homeowner’s insurance. These funds are kept in a special account called an escrow account. If these expenses increase due to rising property values or insurance premiums, it can lead to a sudden payment shock.

Changes in Mortgage Terms

If refinancing or restructuring a mortgage is required, it can alter the original terms and conditions. This can lead to higher monthly payments.

Economic Factors

Changes in the economy, like inflation or higher interest rates, can affect how much you pay for your mortgage.

What’s Causing Canada’s Impending Wave of Mortgage Payment Shock?

Economic factors, specifically rising interest rates and inflation, are at the root of the problem. Let’s break down some of the numbers.

• Over half of Canadians are choosing three-year, fixed-term mortgages, which are expected to renew at 6-8 per cent. In November 2019, that interest rate was 2.84 per cent.
• More than $186 billion in mortgages are set to renew in 2024. With today’s interest rates, the expected payment shock would be 32 per cent.
• In 2026, $400 billion in mortgages are renewing, with payments rising as much as 48 per cent. This will especially affect those with variable-rate mortgages.
• Payments are expected to increase by 20 per cent, even if the Bank of Canada’s key interest rate drops to 0.25 per cent by July 2026. The benchmark interest rate is currently 5 per cent, which is the highest rate since 2001. The increases were made in an attempt to curb inflation.

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Are There Ways to Prepare for Mortgage Payment Shock?

There are some ways that homeowners can prepare and plan.

• Create a detailed budget for all your housing expenses. Include possible increases in property taxes, insurance premiums and utility costs. This will help you make sure you can absorb these financial changes.
• It’s a good idea to have an emergency fund. Try to save enough money to cover unexpected home costs or higher mortgage payments. This will provide a cushion during challenging economic times.
• Consider choosing a fixed-rate mortgage instead of an adjustable-rate mortgage to avoid uncertain interest rate changes.
• To make sure your homeownership plans match your long-term financial goals, consult a financial advisor. They can help you make informed decisions about mortgage terms and options.

Right now, Canadian banks are working to lower the impact of payment shocks. Clients have choices to increase monthly payments, switch to a fixed-rate mortgage, make a lump sum payment or extend the amortization period (the length of time it takes to pay off the mortgage in full).

The Office of the Superintendent of Financial Institutions, Canada’s biggest banking regulator, has instructed major banks to set aside billions of dollars in rainy-day funds for potential debt defaults. Banks have responded by nearly tripling the amount they typically set aside for bad loans compared to the third quarter of 2022.

Mortgage payment shock is a significant cause for concern for homeowners but it’s not an impossible challenge. To be ready for potentially higher mortgage payments, understand what causes them and plan your finances wisely.

Bed bugs can be a real nuisance when they infest your home, causing itchy bites and sleepless nights. With recent outbreaks at several Las Vegas hotels and at Paris Fashion Week making headlines, it’s very clear that no one is immune to these tiny pests.

Unfortunately, identifying their presence isn’t always easy. These parasites are skilled at hiding in cracks and crevices, making them difficult to spot. It’s essential to detect the presence of bed bugs early so that you can take appropriate action and prevent a full-blown infestation. Here are seven telltale signs that you might have bed bugs in your home, plus some tips to keep in mind while travelling.

Bites on Your Skin

Your first clue may be small, itchy bites on your skin, specifically on areas that aren’t covered while sleeping. Bed bugs come out at night and feed on human blood, leaving behind clusters or lines of small, red welts. When a bed bug bites, it injects both an anesthetic and an anticoagulant so the person doesn’t realize they’ve been bitten. For some, the bites don’t cause any marks or itching while others may have an allergic reaction that requires treatment.

Blood Spots in Your Bed

If bed bug bites go unnoticed, another sign to look for is blood spots on your sheets or mattress. While the bugs are feeding, they can leave blood stains behind. The rust-coloured stains can also be caused by blood-engorged bugs being crushed.

Tiny Black Dots

Bed bugs leave behind dark, tarry spots in areas where they feed or rest, like bedding, mattresses, other furniture and even clothing. These tiny black dots are fecal matter — that is, poop — and usually about the size of a period.

Eggs or Eggshells

Bed bugs reproduce quickly, so it’s possible to find tiny, pale yellow or white eggs or eggshells anywhere that the insects have been living and hiding. These eggs are about the size of an apple seed, so it’s possible to see them with the naked eye.

Live Bugs

Bed bugs are reddish-brown in colour, flat and small, ranging from 1mm to 7mm in length. They can also survive for several months without feeding. Although they’re quite adept at hiding, you might see live bugs on your bedding, mattress, furniture or even a suitcase, but it’s always a good idea to check for them in seams or crevices if you suspect you may have brought some home.

Shed Skins

Like other insects, bed bugs shed their skins, or exoskeletons. When the bugs molt, those shells can be left behind in your bed or anywhere else they’ve been living. The exoskeletons look a lot like the bugs themselves.

An Unusual Smell

If you notice a sweet, musty odour around your bed or furniture, this could be a sign of bed bugs. These insects release pheromones that create this distinct smell, which some people describe as similar to that of coriander.

How Can I Prevent Bringing Home Bed Bugs While Travelling?

Bed bugs can be found all around the world, and they don’t care if you’re staying at a hostel or a five-star hotel. If they want to hitch a ride home with you, they will. Although no method is foolproof, there are some precautions that you can take.

• Don’t bring your pillow from home away with you.
• Opt for light-coloured plastic luggage. Bed bugs are less attracted to plastic and they’re easier to spot on light versus dark colours.
• When you arrive at your accommodations, inspect the place thoroughly before bringing in your luggage and other belongings.
• Keep your luggage off the floor, bed, furniture and other soft surfaces. Instead, place suitcases and bags on a tiled floor or a luggage rack.
• Consider keeping your clothing and other personal items in your suitcase for the duration of your trip, or thoroughly inspect all closets and drawers before storing anything away.
• When you return home, place your luggage on a hard surface far from anywhere that bed bugs could hide, and inspect everything carefully. Consider unpacking outdoors if possible.
• Wash all clothing and fabric items in hot water if possible, whether they were worn or not.