Renewing your mortgage this year? Royal LePage has published a number of online resources available at the following links: OSFI to drop mortgage stress test for uninsured borrowers who switch lenders at renewal Federal government announces landmark adjustments to mortgage rules for first-time buyers in Canada 30-year amortizations on insured mortgages for new build homes
There are lots of reasons for selling a second home. You may be looking for a change, going through a separation, or noticing the property value has gone up. In some regions, the price of cottages and condos has doubled , which is advantageous for sellers. Since the pandemic, the secondary residence sector has been quiet due
Opening your cottage or cabin in the spring is a task many homeowners look forward to. With summer fast approaching, it’s time to prepare for another season of relaxation and fun away from the city. To ensure that everything runs smoothly, following a detailed checklist is essential. Here’s our top 10 list of tasks to
On Tuesday, April 16th, the Canadian federal government unveiled the 2024 budget. The annual fiscal announcement detailed dozens of new and ongoing initiatives aimed at creating new housing, along with policies targeted at making renting and home ownership more affordable for Canadians. Here are eight standout housing policies announced in this year’s budget: Canadian Renters’
In fact it’s one of the best tools to protect purchasers and get the most of a real estate broker’s experience and knowledge, and by the same token guide you in choosing a property that meets your criteria and your budget. The regulator (OACIQ = Organisme d’autoréglementation du courtage immobilier du Québec) has decreed that
Many first time buyers question whether the ‘FHSA’ is advantageous for them so I have taken this opportunity to highlight certain points that will help clarify the benefits. In a nutshell it allows each spouse to create his / her own FHSA and to contribute individually up to $8,000 a year, for a total limit
Every now and then, you may look at your kitchen and feel that it needs a facelift to bring it up to speed with current design trends. Thankfully, upgrading your home doesn’t have to break the bank, or require a major construction overhaul. Even small updates like switching out cabinet hardware or applying a new
Notifying governments, financial institutions, service providers and other organizations of your change of address is essential when preparing to move. In this article, you will discover how to do it quickly and efficiently thanks to a detailed checklist of whom to contact. 1. Government of Quebec The provincial government provides a change of address service which allows you to
If you’re thinking about buying a property right now, you’re probably keeping a close eye on interest rate fluctuations. The increase to the key lending rate announced this week by the Bank of Canada likely has you wondering about the potential impact it could have on your purchase plans. And what about the state of
Many investors are turning to the real estate market to grow their assets. From rental properties to flipping to investment funds, there are plenty of investment options. Ready to get started? Browse this article for three ways to invest in real estate. What is real estate investment? Investing in real estate means acquiring a property you
