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…
In the Quebec real estate landscape, the RL-31 slip stands out as a document of paramount importance, establishing a crucial bridge between real estate owners and tenants. This document, issued directly by the government, acts as an official declaration of…
In recent times, especially around the holiday season, there's been a noticeable uptick in reports of scams and fraudulent activities. It has become increasingly crucial to remain vigilant. To protect your finances, regularly monitor the activity on your account through…
Dans le paysage immobilier québécois, le Relevé 31 se distingue comme un document d'une importance capitale, établissant un pont crucial entre les propriétaires immobiliers et les locataires. Ce document, émanant directement du gouvernement, agit comme une déclaration officielle de résidence…
The Canadian government has decided to maintain the restriction preventing foreign individuals from acquiring residential properties within its territory until 2027, with the aim of addressing the housing affordability crisis affecting several cities across the country. Chrystia Freeland, the Minister…
In January 2024, the real estate market in Montreal and Quebec experienced a positive dynamic, marked by a significant increase in transactions and property prices. In the greater Montreal area, real estate transactions saw an 18% increase, with 2,077 properties…
