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Bank of Canada maintains policy rate at 5% on December 6, continues quantitative tightening

Bank of Canada maintains policy rate at 5% on December 6, continues quantitative tightening

  Bank of Canada maintains policy rate on December 6, 2023, continues quantitative tightening Here are the 8 key takeaways: Interest Rates Unchanged: The Bank of Canada maintained the overnight rate at 5%, with the Bank Rate at 5.25% and the deposit rate at 5%. This decision reflects the Bank’s current monetary policy stance. Continuation

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Introducing the FHSA First Home Savings Account: A Helping Hand for First-Time Home Buyers

Introducing the FHSA First Home Savings Account: A Helping Hand for First-Time Home Buyers

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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Buying an Investment Property under a Holding Company: A Comprehensive Guide

Buying an Investment Property under a Holding Company: A Comprehensive Guide

Investing in real estate has always been a popular choice for individuals looking to diversify their investment portfolio and generate passive income. However, when it comes to purchasing an investment property, there are various considerations to take into account. One such consideration is whether to buy the property in your personal name or in the

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Reverse Mortgage for Canadians: Maintaining Your Lifestyle Without Selling Your Home

Reverse Mortgage for Canadians: Maintaining Your Lifestyle Without Selling Your Home

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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The Magical Purchase Plus Improvements Mortgage: Unlocking Your Dream Home in Canada

The Magical Purchase Plus Improvements Mortgage: Unlocking Your Dream Home in Canada

Are you looking to buy your dream home in Canada but worried about the additional costs of renovations and improvements? Look no further! The Magical Purchase Plus Improvements Mortgage is here to make your dreams come true. This innovative mortgage option allows you to finance the purchase of a new home along with the necessary

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