Understanding Insured Mortgages in Canada: A Guide for Homebuyers
Understanding Insured Mortgages in Canada: A Comprehensive Guide for First-Time Homebuyers Introduction Buying a home is an exciting milestone. However, understanding the complexities of mortgages, especially for first-time homebuyers, can be challenging. A common term you’ll encounter is “insured mortgage.” In this guide, we’ll explain what this means and how it impacts your homebuying journey. […]
Mastering Mortgage Rates in Canada: A Comprehensive Guide to Influences and Trends Affecting Your Home Loan
Understanding the Key Factors Impacting Homeownership Costs Understanding the factors that influence Canadian mortgage rates is crucial for homeowners and prospective buyers alike. In this comprehensive guide, we delve into the key determinants shaping the borrowing landscape in Canada, and subsequently, in Montréal. From government bonds and energy prices to the intricate ties with the […]
A Guide to Unlocking the Benefits of Canada’s Tax-Free First Home Savings
Unlocking Homeownership Dreams: An In-Depth Look at Canada’s First Home Savings Account (FHSA) In the 2022 budget, the Canadian government introduced a new tax-free savings tool to help Canadians save for their first home. Scheduled to roll out in April 2023, the First Home Savings Account (FHSA) is aimed at making it easier and more […]
Montreal Property Taxes to Rise in 2023: Here’s What You Need to Know About the Increase
2023 Montreal Property Tax Hike: What Homeowners Need to Know According to the city of Montreal’s budget proposal for 2023 that was released earlier this past week, residential real estate property taxes are set to rise quite significantly. Change in property taxes doesn’t come as a surprise to anyone who has been following the housing […]
7 Tips for Making a Competitive Offer in Montreal’s Cooling Real Estate Market
How to Make the Most of Montreal’s Cooling Real Estate Market: 7 Tips for Competitive Offers Throughout the past few years, the Montreal real estate market has been extremely hot, with prices of single family homes increasing 59% between January 2017 and January 2022.* However, with some economic downturn and rising mortgage rates, the market […]