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Winter is a season that brings along chilly temperatures, snow, and icy conditions. While it is a beautiful time of year, it is crucial to take certain precautions and make necessary preparations to ensure that your home remains warm and cozy during this period. As you take the time to prepare your home for winter,…

Although often touted as a safe haven when compared to the stock market’s volatility, over the past 25 years, Canada’s S&P/TSX composite index has actually generated annual returns equal to, or better than, even key Canadian real estate markets such as Toronto and Vancouver, which have experienced skyrocketing increases in residential real estate prices over…

Location is crucial to any business’s success, but the commercial real estate needs of a restaurant, retailer, consulting firm, mechanic or manufacturer will all be very different. For a restaurant that opens for lunch but serves food until the wee hours of the morning, the best location might be a buzzing downtown with a mix…

Since the beginning of 2022, the Bank of Canada (BoC) has been on a crusade to vanquish inflation in the Canadian economy by engaging in a quantitative tightening (QT) campaign. This is a blend of raising interest rates and trimming its balance sheet, which is filled with government and corporate bonds and mortgage-backed securities. Fast…

Bank of Canada’s Interest Rate Announcement: Steady at 5% In its final interest rate announcement of 2023, the Bank of Canada has held its overnight rate at 5%. The non-move was widely expected, marking the third announcement in a row that the benchmark rate hasn’t budged, amid an economic slowdown, which is “reducing inflationary pressures…

As you navigate the Canadian real estate market, you might have come across something called a chattel. But what is a chattel? And what is a chattel in real estate? Put simply, a chattel is a movable personal property not permanently affixed to the land. Some examples of chattel include furniture, appliances (dishwashers, dryers, stoves,…

Debt helps determine the borrowers’ creditworthiness and commitment to their financial obligations. Understanding the different types of debt and how they affect mortgage approval helps potential homebuyers take the necessary steps to get higher chances of securing a mortgage. Moreover, recognizing the factors when evaluating a borrower’s debt-to-income ratio will help individuals meet the criteria…

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Securing a pre-approval mortgage is the golden ticket that provides insights into your borrowing capacity and sets the stage for your house-hunting adventure. But what if you aspire to reach for a more substantial pre-approval amount, one that can unlock the door to your dream home? Whether you’re a first-time buyer looking to maximize your…

Is the Fredericton real estate market on your list of desirable places to live in Canada? If not, it should be! Real estate in Fredericton is an inspiring endeavour because the city provides residents with an extraordinary mix of natural beauty, culture, and history. The New Brunswick capital maintains a quaint, colonial charm unrivalled anywhere…