2024 Canada Housing Budget: A Closer Look at New Policies and their Impact In a decisive move aimed at addressing the pressing housing issues in Canada, the federal government unveiled a substantial $52.9 billion in new spending plans in the 2024 federal budget. Given the recent surge of housing-related policy announcements, it comes as no
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The First Home Savings Account (FHSA) is an innovative initiative in Canada, aiding first-time homebuyers in their journey towards homeownership. As a professional mortgage broker, I’d like to provide a detailed overview of how the FHSA operates, its eligibility criteria, benefits, precautions, and its role in helping first-time home buyers save for a down payment.
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Reverse Mortgage or Canadians, Introduction: Many Canadians find themselves in a situation where they have a considerable amount of equity tied up in their homes but are facing financial challenges. Whether it’s for retirement planning, unexpected expenses, or simply wanting to maintain their current lifestyle, there is a solution available called a reverse mortgage. In
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