Thinking about buying your first property in Canada? Navigating the real estate market can be daunting, but with the right strategies and knowledge, you can make a sound investment. Here are some essential tips and strategies to help first-time buyers…
Unlocking Homeownership with 30-Year Mortgages for First-Time Buyers In a significant move aimed at making homeownership more accessible, the Department of Finance Canada announced the introduction of 30-year mortgage amortizations for first-time homebuyers purchasing newly constructed homes. This change, effective…
In the ever-evolving landscape of Canada's economic trajectory, April's inflation figures serve as a compass, guiding policymakers, economists, and investors alike towards informed decisions. Let's embark on a journey through the insights gleaned from the latest data releases and the…
The recent deliberations of the Bank of Canada's governing council on April 10, 2024, offer insights into the factors shaping monetary policy.At the core of discussions was the timing of a potential cut to the bank's key overnight interest rate.…
In a recent announcement, the Canadian government unveiled plans to adjust the inclusion rate on capital gains taxes, signifying a significant transformation in the tax landscape outlined in Budget 2024. These changes aim to address disparities in the tax system…
The Canadian federal government has recently revealed significant changes aimed at easing the path to homeownership for first-time buyers amidst soaring housing prices. Finance Minister Chrystia Freeland announced these measures during a press conference in Toronto, emphasizing the government's commitment…
Neighbourhood planning in Brookswood-Fernridge, Township of Langley, has encountered a twist with the introduction of Provincial small-scale multi-unit housing legislation (Bill 44). This legislation, which received Royal Assent on December 7, 2023, mandates municipalities to allow for a significant increase…
In February, Canada's inflation rate dropped to 2.8%, marking progress for central bank policymakers. This decline marks the first instance of consecutive months below 3% since early 2021. Let's explore economists' viewpoints and predictions:Leslie Preston, Senior Economist at Toronto-Dominion Bank…
In the inaugural quarter of the fiscal year, the Royal Bank of Canada (RBC) and the National Bank of Canada showcased notable resilience, outstripping market expectations despite elevating provisions for loan losses, emblematic of a broader trend among Canada's banking…
Has your small business taken advantage of the Canada Emergency Business Account (CEBA) during the pandemic? Repaying the loan might appear challenging for those who borrowed and are experiencing financial hurdles, but there is a ray of hope. Let's delve…