Smaller municipalities offer unique opportunities for real estate investors due to lower property prices, making them ideal for entry-level investors. With strong demand and potential for appreciation, thorough research is essential. Effective strategies include the BRRRR method and investing in undervalued properties. Multi-unit properties provide diversified income streams. Understanding local...
Improve Your Credit Score: - Scores above 660 get better rates - Pay debts, keep accounts open Save for a Sufficient Down Payment: - 5% for homes under $500K - 20% for $1M+ - Larger down payments reduce costs...
Set a realistic budget by accounting for property taxes, maintenance, and other ongoing housing costs. Research mortgage options to choose between fixed, variable rates, and government-backed programs for savings...
The Canadian residential development industry is experiencing significant financial distress, with debtor-initiated real property insolvencies rising by 42.5% in 2024 and receivership appointments at a decade high. The construction sector also saw a 30% increase in insolvencies. Key factors include fluctuating interest rates, rising development costs, fewer multifamily project starts, decreased...
Bank of Canada commits to improved communication on quantitative easing (QE) programs post-pandemic.A QE exit condition will relate to inflation outlook, aiming for better policy transparency and response....
February and March are identified as the best months to list a home for sale, with a 66.3% success rate in transactions since 2012, according to Rightmove. These months also have the quickest average time to find a buyer, at 51 days. April and January follow closely behind. December sees the lowest completion rate at 61.7%. Buyer activity has increased, with an 8% rise in inquiries and a 15% increase in...
International Women's Day, also known as IWD for short, grew out of the labour movement to become a recognized annual event by the UN.It all started in 1908 when 15K women marched through NYC demanding shorter working hours, better pay and the right to vote. Things were made official in 1975 when the United Nations started celebrating the day....
Act Fast: Lower rates and new rules make winter competitive; complete pre-approvals and have down payments ready.Prepare Properly: Wear easy-to-remove boots and carry indoor shoes for property viewings....
Around 100,000 mortgage renewals each month in 2025, with lenders competing for clients due to rate shifts. Property values may climb over 4%, increasing the average mortgage size for buyers with larger down payments....
Pay balances three days pre-statement to lower utilization ratios, significantly boosting your credit score quickly.Accept credit limit increases to reduce utilization, improve credit health, and strengthen your profile responsibly....