In the Maritimes, the real estate market is preparing for a busy spring season, with housing statistics showing promising trends. The average home price in Nova Scotia has risen to nearly $452,000, a 6.5% increase from last year, and sales have also increased by 3%. Despite political tensions and economic uncertainty, Nova Scotia appears less affected by trade issues. The Bank of Canada has cut interest...
Assess your property’s value and risks to determine your unique home insurance coverage needs. Researching a reliable insurance broker ensures the best advice, value, and appropriate coverage for your needs....
Mortgage discharge confirms repayment completion, removing the lender's legal claim to your property. The discharge process involves the borrower, lender, and land title office, with varying rules by location....
Condos provide diverse options, including high-rises, townhouses, and lofts, each with unique ownership structures and fees. Maintenance is easier in condos, but monthly fees can be costly and impact long-term affordability....
St Patrick's Day is the day we all turn a bit Irish. 13 million pints of Guinness are consumed worldwide on St. Patrick's Day. Green is now the traditional color of St. Patrick's Day....
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....