Thinking of home renovations? New federal tax credits can help.
Springtime is all about new beginnings, and sprucing up your living space can be just thing to shake off winter. For many Canadians, new incentives recently announced in the federal budget will make a home renovation project more attractive.
The federal budget announced in January includes a home renovation tax credit of ...
Good morning,
The Bank of Canada announced that their overnight rate is being reduced by .50bps to 1.50%. If the major financial institutions follow this move prime will be 3%. There is some suggestion that we will not see immediate changes by the lenders due to their cost of funds through deposits and the price they are getting when they go to sell the mortgages that they are committing ...
The Bank of Canada left the overnight rate unchanged we is what
we expected. The Governor cited that the country is working within
the expected CPI. This is very good news to the variable rate
clients as it gives more reason to stay put in their variable rate
mortgages, as the spread between variable @ 4.05% today and fixed
rates @ 5.45% on average increases.
Many lenders have adopted the ne ...
Ottawa, July 9, 2008
2008-051
Government of Canada Moves to Protect, Strengthen Canadian Housing Market
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The Government of Canada today announced adjustments to the rules for government guaranteed mortgages aimed at protecting and strengthening the Canadian housing market. The new measures include:
A home is one of life's most important purchases. Yet because there is no money-back guarantee, it makes sense to learn as much as possible about any property you wish to acquire. Understanding the important differences between an appraisal and a home inspection will help you to obtain detailed information about the home's value and condition - information you need to make an informed decis ...
In any real estate market, prepping your home so that potential buyers see it in its best light can mean that your home sells more quickly and possibly at thousands over the selling price. Here are a few simple steps that ca ...
For many people, saving for a down payment is an important part of purchasing a home of their own.
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Major life events such as getting married or additions to the family can have an impact on which mortgage is best for you. As you move through different life stages it makes sense to revisit your mortgage strategy to ensure ...
In the past, the term move-up buyer was often used to describe growing families needing more space. Yet in recent years, a wider range of Canadians have been "moving up" to housing that better fits their changing lifestyle needs. Married couples with grown children are cashing in on the equity of their existing homes to buy more expensive, yet smaller homes with luxury amenities and upgrade ...
Whatever the nine million-strong Canadian boomer cohort does creates waves. As the baby boom generation1 ages, there will be an undeniable impact on the housing market across the country, according to the Canada Mortgage and Housing Corporation (CMHC). Recently CMHC described2 how many in this group will shift from being "move up buyers" wanting larger homes to "empty nesters" looking to do ...