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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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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Mortgage Affordability An important and sometimes challenging topic for those looking to buy is Mortgage Affordability: how much you can afford spending on your new home. In this article, we’ll go over some guidelines to help you have a better sense of what’s affordable for you. When it comes to calculating mortgage affordability, there are
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Homeownership While entering Canada’s housing market for the first time can be intimidating, many renters still dream of making the leap to homeownership. In fact, a recent survey found that 84% of 25 to 35-year-old non-homeowners in Canada intend to purchase a home in the future – and 68% plan to make the move over
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