”Canada’s federal mortgage insurer is not in favour of extending the maximum amortization period for new mortgages, arguing that measures to cut monthly payments would also stoke demand and spur higher home prices.” ”Canada’s federal mortgage insurer is not in favour of extending the maximum amortization period for new mortgages, arguing that measures to cut
” The recent market has seen an uptick in those mortgage types” ”It’s still anyone’s guess as to whether the Bank of Canada will hike or cut its policy rate in the coming months – and Canadian borrowers appear increasingly open to taking out shorter-term, fixed-rate mortgages in that uncertain climate.” ”New data from Ratehub.ca
”After withstanding some turbulent times over the past 12 months, Canada’s housing market looks like it may be reverting to a degree of normality at last – a development that would come as welcome news for the country’s mortgage industry.” ” The height of the COVID-19 pandemic saw home prices and sales activity skyrocket in
Home renovations are going to cost money—there’s really no way around it. Whether you’re changing out the kitchen backsplash or completely gutting your bathroom, things can add up when it comes to materials, time, and services. But that doesn’t mean you need to spend to the max and get yourself into financial trouble. ”Be realistic
” Are you an owner or tenant of a commercial, industrial or institutional building and feel that the assessment of your property is too high? April 30, 2023 is the deadline to challenge this assessment.” ” Property values in Quebec have increased dramatically over the past three years.” ”Last September, the City of Montreal, as
While the benefits can be alluring in a tough housing market, don’t let your excitement lead you into a bad decision. Here are some of The pros and cons of pre-construction ” When you purchase a pre-construction home, you make your down payment on a staggered schedule. While your initial payment will generally be less
” Why do need a formal contract? Because it’s the first step in determining whether your contractor is legitimate and professional, even before one nail has been hammered.” ” Drafting a contract is the start of your relationship with a contractor. In working out the contract details, it will really show you whether this person
” In-floor heating can be a great addition to your home and it seems to be all the rage recently. It can be installed in almost any room and is most common in laundry rooms, mud rooms and entranceways, “wet zones” or cold floor zones.” ” Let’s review the basics. There are two types of
” The new house flipping tax was introduced on January 1, 2023, to target people who were avoiding taxes on flipped properties. Previously, some house flippers were classifying profits as capital gains to avoid paying the correct taxes.” ” The new house flipping tax was introduced on January 1, 2023, to target people who were
”In the latest attempt to curb the price of residential real estate in Canada, Parliament has introduced a new statute aimed at making housing more affordable and accessible to Canadians.” ”The Prohibition on the Purchase of Residential Property by Non-Canadians Act, S.C. 2022, c. 10, s. 235 (the “Act”) officially came into force on Jan.
