The Federal Government announced in September that, in addition to the new 30-year amortization option for first-time homebuyers of new builds (which took effect August 1st), they will also extend this option to first-time buyers of resale homes and all buyers of new builds, who take out an insured mortgage. The new rules, set to […]
With interest rates dropping, many homeowners ask the same question: Is now the right time to refinance my mortgage? The simple answer? It could be! But as with most financial decisions, a few factors must be considered to ensure it’s your correct move. Why Refinance? Refinancing your mortgage can be an excellent opportunity to take […]
Severe weather events have become more common nationwide, specifically in Ontario. The most recent, an extreme rainfall event in July 2024, saw record-breaking flooding in Mississauga, along major highways, and in parts of Toronto including Union Station. Many homes and businesses sustained flood damage, leaving homeowners worried about the next extreme weather event. As a […]
Retirement is around the corner for many in Canada today, with a quarter of the demographic falling into the senior category by 2030. While so much of the population is hitting this milestone, their housing options may differ from what they once envisioned. Downsizing to a smaller home or condo is much more expensive than […]
It’s no secret that the dream of buying a home is becoming harder for many families and first-time homebuyers, yet the housing market is still doing well and homes are still selling at all price points. It begs the question: Who are the buyers? In the luxury market, prices vary depending on the location, but […]
PURCHASING A COTTAGE OR VACATION HOME CAN BE AN EXCITING VENTURE, OFFERING A PERFECT GETAWAY FROM THE HUSTLE AND BUSTLE OF CITY LIFE. HOWEVER, IT’S ESSENTIAL TO APPROACH THIS PURCHASE WITH CAREFUL CONSIDERATION AND THOROUGH PLANNING. HERE ARE SEVEN KEY THINGS TO KNOW BEFORE DIVING INTO CANADA’S COTTAGE OR VACATION HOME MARKET. UNDERSTANDING THE MARKET […]
The 2024 federal budget recently announced a change to the capital gains tax, which caused concern for Canadians who own multiple properties. While the Liberal government has indicated that the new plan is aimed at the wealthy and that 99.87 percent of Canadians will not be affected, we have yet to see how this will […]
With spring in full swing and gardening projects on your mind as you hunker down at home, it’s time to start thinking about enjoying the patio again. A few small projects can take that dull, blank space and turn it into a patio with panache. 1. PAINT THE FLOOR Plain Jane concrete isn’t something to […]
The recent federal budget announced several plans to tackle the housing and affordability crisis. Several initiatives were included to assist first-time homebuyers in saving and affording a house in the current market climate. Other plans to build more homes are a longer-term project, but in the short term, savings incentives and borrowing options will take […]
Navigating the world of mortgages can sometimes feel like trying to predict the weather in Canada: just when you think you’ve got it figured out, things change. But unlike the weather, understanding the economic factors that influence mortgage rates doesn’t have to be a guessing game. In this article, we’ll break down the complex interplay […]