Tools and strategies are provided to help manage the shock of renewing home loans at significantly higher interest rates. Continue to full article...

Advisors need to adjust strategies, as eligible dividends may now be more tax-efficient than capital gains. High earners in some Canadian regions now face higher taxes on capital gains than on dividends....

Buying your first home in Canada can be both exciting and overwhelming. Key tips for first-time buyers include saving strategically for a down payment, understanding what you can afford to borrow, and improving your credit score. It's essential to calculate your debt service ratios and prepare for the mortgage stress test. Comparing mortgage options and getting pre-approved can help streamline the...

Canadian home prices are expected to rise by around 1% in 2024 despite rate cuts. Home prices are forecast to grow modestly at 2.8% in 2025 and 3% in 2026....

In September 2024, Canada’s central bank cut the benchmark prime rate, easing borrowing costs for consumers. The rate cut directly benefits floating-rate borrowers, with significant reductions for insured variable mortgages....

A study shows younger Canadian homebuyers prioritize saving for a mortgage over other life milestones.78% of single, unmarried first-time homebuyers under 30 focus on mortgage savings rather than lavish weddings....

More than eight hectares of land in Nova Scotia is designated for affordable housing in Middle Sackville and Dartmouth under the "Land for Housing Program." This initiative aims to create 1,100 housing units, nearly half of which will be affordable. The Affordable Housing Association will develop 106 mixed-market units, including 42 affordable, while Metro Premier Properties plans over 300...

Reverse mortgages in Canada are regulated and less risky compared to those in the U.S. Seniors can access tax-free cash based on their home's value without monthly payments, repaying the loan upon selling the home or passing away. Key points include the need for independent legal advice, potential fees, and the requirement to maintain property taxes and insurance. While they offer flexibility and...

Easing Interest Rates: Interest rates are decreasing, boosting buyer confidence and market activity. Average home prices are projected to rise by 1% to 6% by the end of 2024....

Purpose of Financing: - Loans: Various needs, like cars or education - Mortgages: Specifically for Real Estate or home equityBorrowing Amounts & Terms: - Loans: $100s to $1000s; term varies - Mortgages: $1000s to Millions; up to 30 years...