Canadian mortgage holders have an opportunity to reevaluate their options as interest rates begin to decrease. It's important to understand market dynamics and Bank of
The BoC cut interest rates for the first time in 4-yr, potentially impacting the summer Real Estate market. This may benefit those with variable-rate mortgages
Handling required paperwork: Managing and organizing all necessary documentation. Drafting and submitting offers: Creating and presenting purchase offers to sellers.
Determining the appropriate amount of income to allocate towards rent in Canada involves considering the 30% guideline, which may not always be feasible due to
To secure affordable property in Canada, compare mortgage rates from various lenders based on market trends. Understand how inflation, global economy, and Bank of Canada's
Evaluate Options: Decide between selling the house or assuming the existing mortgage yourself post-inheritance.Financial Assessment: Calculate equity and costs like repairs, closing fees, and potential
Speak to friends, local business owners, and check for "sold" signs in desired neighborhoods.Look for agents who’ve successfully closed transactions in the area where you’re
Deloitte Canada predicts more interest rate cuts in 2025, affecting Canadian homeowners with mortgage renewals. Despite a strong start in 2024, GDP growth is forecasted