Rent prices in Montreal have been steadily rising, and Westmount is no exception. The average rent in Westmount has been increasing, making it a hot topic for renters and potential homebuyers alike. Westmount is a prime location known for its…
In Quebec, December 31st marks the deadline for landlords to send repossession notices to tenants if they intend to reclaim a rental unit for personal use or other specific purposes in the upcoming year. Failing to meet this deadline means…
New homeowners often face an unexpected financial obligation shortly after purchasing a home, known as the "welcome tax". This real estate transfer tax, issued by municipalities, can represent a substantial amount, requiring prompt payment, usually within 30 days of receipt.…
New changes to capital gains taxation take effect Tuesday. For capital gains of $250,000 or less, the inclusion rate remains at 50%. This measure, announced by Prime Minister Justin Trudeau, is designed to ensure generational fairness. The Liberal government hopes…
Have you noticed an increase in your electricity bill? With the government’s recent price hikes, it's more important than ever to find ways to save energy and reduce costs. Here are some effective tips to help you lower your electricity…
The Bank of Canada has lowered its overnight rate to 4.75%, a reduction of 25 basis points from the previous 5% level that had been in place since July 2023. This marks a significant shift in monetary policy, as the…
Average apartment rents in the Montreal region could rise by 27% over the next three years. A potential drop in interest rates and a slow recovery in construction in 2024 will not be enough to curb this increase, whether for…
Downsizing for retirement is a smart way to simplify your life and enhance your golden years. Imagine less house to clean, fewer bills to pay, and more money in your pocket from selling your larger home. This move offers significant…
Applying for a building or renovation permit can take from 24 hours to six months, depending on the nature and complexity of the work. Times also vary according to the municipality and the preparation of your file. It's crucial to…
Investing your RRSPs in an income property may sound tempting, but before diving in, it's crucial to weigh up the pros and cons. First of all, it's important to note that RRSPs cannot directly hold an income property. Instead, this…
