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Divorce or separation is a life-changing event that frequently results in financial difficulties, especially when it comes to distributing joint assets such as the family house. A spousal buyout can be an efficient way for one partner to maintain property ownership while compensating the other. However, this approach needs a Read more…
Beginning on December 15, 2024, the Canadian housing market is about to undergo a dramatic transformation. The federal government has declared that 30-year amortizations on insured mortgages will be available to first-time homebuyers and purchasers of newly built homes. Many prospective homeowners applaud this initiative’s goal of lowering monthly mortgage Read more…
Starting November 21, 2024, Canada’s banking regulator, the Office of the Superintendent of Financial Institutions (OSFI), will eliminate the Minimum Qualifying Rate (MQR) requirement for straight switches of uninsured mortgages. This landmark policy change is a significant win for Canadian homeowners, granting them greater flexibility and negotiation leverage during mortgage Read more…
Is it the perfect time for you to purchase a home? Many people struggle with this subject, and the solution isn’t always clear-cut. We’ll examine many facets of Canadian home purchase in this blog, providing information to aid in your decision-making. This guide seeks to explore the intricacies of the Read more…
Buying a home is an exciting milestone in anyone’s life. However, understanding the financial intricacies of mortgages can be overwhelming. One of the critical first steps to homeownership in Canada is getting a mortgage pre-approval. The procedure for obtaining a mortgage preapproval may vary, often segmented into several steps. In Read more…
Buying a home is an exciting and significant milestone in one’s life. It marks a new chapter filled with possibilities, a place to create memories, and a sense of belonging. Owning a home provides a sense of security and stability, offering a sanctuary where individuals and families can thrive. However, Read more…