Last week’s article covered some latest news about the Bank of Canada’s decision to increase the interest rate for mortgages and how it may affect homebuyers. One of the short interviews that was included in the text briefly discussed the difference between fixed rate and variable rate mortgage, but now, you can read more extensively…
After an off-topic blog about mental and physical wellness last time around, we are back discussing a very important topic regarding the economy and banking’s effect on our real estate market. There are some more news coming out about the stress-test regulations this year. Sadly, it’s going to be even more difficult for younger people…
Now that the last long weekend of the year has passed us, we are a couple of months away from our favourite time of the year – CHRISTMAS! This is not a blog about the festivities, but more about how you can navigate the busy time…
As if moving from one province to another wasn’t difficult enough, the last thing on most people’s minds is how their family’s relocation will affect their tax return. However, the CRA offers a long list of eligible tax deductions related to moving to help offset the costs. Last year, the…
We are delighted to share a story from our latest guest blogger, a young lady living and working in Winnipeg who recently bought herself a condo. It’s nice to get some stories from outside of Ottawa because this blog like to discuss real estate from across the country! ——— Hi! My name is Nicole, I’m…
When we speak of mortgages, it’s always about families with a stable income that will comfortably pay it off after a certain time. What is never spoken about are entrepreneurs and their housing plans; as we know, being self-employed means your salary can vary on a monthly basis, but being an employee on a payroll…
Away from the legal topics of real estate from a couple of weeks ago, we look at an issue that is much more local, our own region! It has long been a hot topic for tenants, whether university students or government employees, and anything in between. Even though salaries in Ottawa are generally good –…
This week presents a relatively new topic we have not really discussed before or educated you on – but important in the real estate industry and property ownership – some legal measures of real estate. Zoning by-laws are not the only source of…
It’s a weird ride so far for Canadian homebuyers. Outside investments, income that is not rising the way they wish, and the mortgage stress test all affecting their big plans for a home of their own. There are three things strongly in their minds when they think of investing in real estate: 1) The fear…
It’s been a long time since we deviated away from mortgages and real estate. After all, it’s the summer now and people’s minds can be elsewhere, and rightly so! We thought we’d use the week around mid July (aka midsummer) to talk about your overall health! Mental and physical health are always important, but summer…
