Lower interest rates are driving a surge in homebuying activity, with November showing strong resales and price increases across major markets. Toronto saw a 1.9% rise in home resales, while Montreal experienced a 15% jump. Calgary's market remains robust, with resales 50% above pre-pandemic levels. Despite some price appreciation, affordability issues persist, particularly in Toronto and Montreal....
BlueShore Financial's expert advisors specialize in helping first-time homebuyers achieve their dreams. They provide accurate information, establish budgets and goals, and offer various financial options. Advisor Mirena Velikova assists clients in navigating the complexities of home ownership, including potential blind spots. She educates clients on savings plans, RRSP withdrawals, insured...
Pricing slightly below market value attracts multiple offers and encourages faster sales across regions. Well-maintained exteriors and appealing landscapes boost property attractiveness in any climate....
Many Canadians find the home buying process stressful and frustrating. To start, save for a down payment and other expenses like taxes and fees. Determine your budget using tools like TD’s Mortgage Affordability Calculator. Get pre-approved for a mortgage to know your options. Find a realtor who understands your needs and market trends. Schedule showings and inspect properties thoroughly. Make an...
Updating your kitchen with quartz countertops and smart appliances significantly enhances resale value. Adopting a neutral color palette makes your home more appealing to potential buyers and feels modern....
Create a budget by listing income sources, tracking spending, and identifying non-essential expenses to reduce. Set financial goals by researching housing markets, breaking down savings into monthly or yearly targets....
Interest rates are dropping, making refinancing a mortgage appealing for those with high rates. Breaking a mortgage incurs penalties, typically based on three months’ interest or the Interest Rate Differential....
Understanding various types of mortgages and their features can help new Canadians make informed decisions to achieve their financial goals. Continue to full article...
Discover the endless possibilities at 659 Lucasville Road! This spacious bungalow is ideal for those seeking extra room or wanting to accommodate loved ones with accessibility needs. Zoned MU-1, the property provides incredible flexibility forboth residential and business ventures. With a versatile layout, it?s perfect for setting up a daycare, long-term...
Renewing your mortgage can be stress-free and money-saving. Tips include starting early, exploring different lenders, understanding your current mortgage, researching rates, considering future financial goals, and negotiating for the best deal. Knowing fixed vs. variable rates, stress test requirements, and prepayment options are crucial. Short-term options, lump sum payments, and professional guidance...