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News & Blogs

April 19, 2024
Major Update on Mortgage Policies for First-Time Homebuyers
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…
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April 9, 2024
Spring 2024 in Montreal: A Real Estate Market in Full Renewal
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…
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April 3, 2024
Window Replacement Guide: When and Why to Consider New Windows
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…
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March 22, 2024
Understanding the Welcome Tax for New Homeowners
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…
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March 22, 2024
What is Cash Damming?
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…
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March 8, 2024
Bank of Canada Holds Rates Steady, Signaling Inflation Fight Not Over Yet
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…
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