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News & Blogs

March 28, 2024
What’s in store for Canada's spring housing market?

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 […]

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March 22, 2024
Understanding the Welcome Tax for New Homeowners

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 […]

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March 22, 2024
What is Cash Damming?

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: […]

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March 15, 2024
Real Estate Dilemma: Should You Sell Before Buying or Buy Before Selling?

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 […]

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March 8, 2024
Bank of Canada Holds Rates Steady, Signaling Inflation Fight Not Over Yet

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 […]

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March 8, 2024
Navigating Electrical Outlets for Home Renovation: A Guide to 15 Amp vs. 20 Amp Receptacles.

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 […]

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February 23, 2024
The Importance of the RL-31 Slip in the Province of Quebec: A Cornerstone of the Landlord-Tenant Relationship

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 […]

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February 23, 2024
Protect Yourself from Scams: Tips for Enhanced Financial Security 

In recent times, especially around the holiday season, there's been a noticeable uptick in reports of scams and fraudulent activities. It has become increasingly crucial to remain vigilant. To protect your finances, regularly monitor the activity on your account through our mobile app or online banking service. If you encounter any transaction that seems unusual, […]

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February 23, 2024
L'Importance du Relevé 31 dans la Province de Québec : Un Pilier de la Relation Propriétaire-Locataire

Dans le paysage immobilier québécois, le Relevé 31 se distingue comme un document d'une importance capitale, établissant un pont crucial entre les propriétaires immobiliers et les locataires. Ce document, émanant directement du gouvernement, agit comme une déclaration officielle de résidence pour le locataire, en mettant en lumière des informations primordiales pour les deux parties impliquées. […]

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February 9, 2024
Canada Extends Foreign Real Estate Purchase Ban Until 2027 to Improve Housing Accessibility

The Canadian government has decided to maintain the restriction preventing foreign individuals from acquiring residential properties within its territory until 2027, with the aim of addressing the housing affordability crisis affecting several cities across the country. Chrystia Freeland, the Minister of Finance, confirmed this Sunday the extension of this measure, initially put in place in […]

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