Canada to allow 30-year amortization for first-time buyers' mortgages on new homes. The federal government has announced a pivotal update set to take effect on August 1st, permitting 30-year amortization periods on insured mortgages exclusively for first-time homebuyers purchasing newly…
In a steadfast move, the Bank of Canada has once again maintained its key interest rate at 5%, marking the sixth consecutive hold since July. This decision underscores the bank's cautious optimism, as it awaits more definitive signs of sustained…
The Montreal real estate market is poised for a dynamic spring. The first quarter of 2024 revealed a market full of vitality, predicting a prosperous real estate season. The stabilization of interest rates by the Bank of Canada was a…
Home windows typically last between 15 to 20 years before their seals begin to deteriorate, leading to potential drafts and water leaks. Older homes often have single-pane windows, which are less insulating and energy-efficient compared to the double-pane windows commonly…
Could things heat up again in April? Hey everyone, let's dive into what's happening with Canada's spring housing market. The start of the year showed some mixed vibes, with the market swinging back and forth. However, there's a buzz that…
New homeowners often face an unexpected financial obligation shortly after purchasing a home, known as the "welcome tax." This property transfer tax, issued by municipalities, can be a substantial amount, necessitating prompt payment, usually within 30 days of receipt. What…
Cash damming is a financial strategy that transforms personal debt, which typically does not benefit from tax-deductible interest, into business debt, where the interest paid is tax-deductible. This involves employing a line of credit to cover business-related expenditures. Eligibility for…
Navigating the complexities of real estate can feel like solving the age-old question of the chicken or the egg. As a real estate broker in the industry for the last 26 years, I understand the challenges you face when deciding…
The Bank of Canada (BoC) kept its key interest rate at 5% this week, a move widely expected by economists. This decision indicates the central bank's continued focus on taming inflation, despite some signs of economic slowdown. Underlying Inflation Remains…
Embarking on a home renovation project brings an array of decisions, especially when it involves electrical upgrades. A common point of confusion is choosing between 15-amp and 20-amp outlets (receptacles). Whether you're looking to enhance your living space or update…
