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 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…
The average home selling price reached $586,681 in December 2023, marking a yearly increase of 6.9%. However, home sales in Montreal decreased by 6.1% compared to the previous year, while active listings increased by 19% compared to last December. The…
OTTAWA - On Wednesday, the Bank of Canada maintained its key interest rate at five percent and indicated that discussions have begun regarding the possibility of rate cuts. Governor Tiff Macklem mentioned in his prepared remarks, 'With overall demand in…
Do you aspire to own a property in Montreal? A grant program is available to help you achieve this goal. You could receive financial assistance for purchasing an apartment, a house, or a residential building. To benefit from this program,…
Lori's story perfectly illustrates the importance of mortgage preapproval in buying a property. Captivated by a dream condo, he makes an immediate offer, but it is rejected in favor of another preapproved buyer. Patrick, in his enthusiasm, had neglected this…
The Tax-Free Savings Account for the Purchase of a First Property (FHSA) is an advantageous solution for those who dream of becoming owners. It was designed to help future homeowners set aside money for their down payment while benefiting from…
Graphic art is taking the world of interior design by storm with its delicate motifs, notably in the guise of undulating silhouettes, well defined yet irregularly shaped colour blocks and contrasting lines. This is a very strong trend for 2021.…
