In a steadfast move, the Bank of Canada has once again maintained its key interest rate at 5%, marking the sixth consecutive hold since July. This decision underscores the bank's cautious optimism, as it awaits more definitive signs of sustained inflation slowdown before contemplating rate reductions. Despite the persistent high inflation rates, there is a […]
The Montreal real estate market is poised for a dynamic spring. The first quarter of 2024 revealed a market full of vitality, predicting a prosperous real estate season. The stabilization of interest rates by the Bank of Canada was a key factor, boosting the confidence of buyers and investors alike. The stabilization of interest rates […]
Home windows typically last between 15 to 20 years before their seals begin to deteriorate, leading to potential drafts and water leaks. Older homes often have single-pane windows, which are less insulating and energy-efficient compared to the double-pane windows commonly used today. Key Indicators for Window Replacement: 1. Visible Damage: Cracks or breaks in your […]
Could things heat up again in April? Hey everyone, let's dive into what's happening with Canada's spring housing market. The start of the year showed some mixed vibes, with the market swinging back and forth. However, there's a buzz that buyers are getting ready to jump back in, as noted by a top real estate […]
New homeowners often face an unexpected financial obligation shortly after purchasing a home, known as the "welcome tax." This property transfer tax, issued by municipalities, can be a substantial amount, necessitating prompt payment, usually within 30 days of receipt. What is the Welcome Tax? The welcome tax, officially the property transfer duties, is a tax […]
Cash damming is a financial strategy that transforms personal debt, which typically does not benefit from tax-deductible interest, into business debt, where the interest paid is tax-deductible. This involves employing a line of credit to cover business-related expenditures. Eligibility for Cash Damming Cash damming isn't universally accessible; it requires meeting specific criteria. Eligible individuals include: […]
Navigating the complexities of real estate can feel like solving the age-old question of the chicken or the egg. As a real estate broker in the industry for the last 26 years, I understand the challenges you face when deciding whether to sell your current property before buying a new one or vice versa. As […]
The Bank of Canada (BoC) kept its key interest rate at 5% this week, a move widely expected by economists. This decision indicates the central bank's continued focus on taming inflation, despite some signs of economic slowdown. Underlying Inflation Remains a Concern While inflation has eased slightly in recent months, the BoC remains concerned about […]
Embarking on a home renovation project brings an array of decisions, especially when it involves electrical upgrades. A common point of confusion is choosing between 15-amp and 20-amp outlets (receptacles). Whether you're looking to enhance your living space or update your home's electrical system, understanding the differences between these outlets is essential. This guide demystifies […]
In the Quebec real estate landscape, the RL-31 slip stands out as a document of paramount importance, establishing a crucial bridge between real estate owners and tenants. This document, issued directly by the government, acts as an official declaration of residence for the tenant, highlighting key information for both parties involved. For those who might […]
