Imagine buying a home and securing a single, steady interest rate for the next 30 years, keeping your mortgage payments predictable and consistent. If interest rates fall, you can refinance without major penalties. And if you choose to pay it…
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…
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…
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…
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…
Just bought a new home or signed a lease? Follow this essential checklist for a stress-free move! 90 Days Before the Move: Set the Date: Lock in your moving day and book movers or recruit friends to help. Plan the…
Buying a home in need of renovation may seem daunting, but it's an excellent opportunity to create the space of your dreams. The purchase-renovation mortgage offers a flexible solution for financing both the purchase of your home and the necessary…
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…
