Dec 20, 2024 · With the Bank of Canada in a rate-cutting cycle, many Canadians expect mortgage rates to continue to drop. This may be true for variable mortgage rates since they track changes in the Bank of Canada rate.

Oct 17, 2024 · British Columbia’s provincial government has confirmed that the maximum annual allowable rent increase for 2025 will be capped at 3%, a reduction from the 3.5% allowed in 2024. It is tying rent increases to inflation, as calculated using the Consumer Price Index (CPI).. Source: BC Government Source: Statista Inflation Rates Next year’s change marks a return to B.C.’s standard formula for ...

Sep 20, 2024 · Learn about Canada’s boldest mortgage reforms in decades, including new 30-year amortizations, a higher insured mortgage cap, and expanded eligibility for first-time buyers and investors. Understand how these significant changes impact homeownership and …

Dec 27, 2024 · The Canada Mortgage and Housing Corporation (CMHC) MLI Select program is a loan insurance initiative designed to encourage the development, preservation, and improvement of affordable rental housing in Canada. This program helps real estate investors and developers by offering financial incentives for projects that meet specific criteria in affordability, energy efficiency, and accessibility.

Oct 19, 2024 · Breaking a lease isn't as straightforward as packing your bags and handing over the keys. Whether you're facing unexpected life changes or dealing with challenging living conditions you need to understand your rights and responsibilities as a tenant. The good news is there are legal ways to end your lease early without facing severe consequences. From military deployment to landlord negligence sev

Nov 10, 2024 · Buying your first home in Canada marks a significant milestone, but the process can feel overwhelming. From saving for a down payment to understanding mortgage rates, you'll need to prepare for one of the biggest financial decisions of your life. Fortunately, Canada offers several programs and incentives designed specifically to help first-time homebuyers achieve their dreams of homeownership.

Jan 2, 2025 · The Manitoba real estate market experienced notable activity in November 2024, with increasing sales, declining inventories, and rising prices shaping the landscape.. Total Residential Market Sales. The number of homes sold through MLS® Systems in Manitoba totalled 1,077 units in November 2024, representing a 20.3% increase compared to November 2023.

Nov 18, 2024 · Looking to save money on your Ontario property purchase? Land transfer tax can add thousands of dollars to your closing costs, but there are legal ways to reduce or avoid this expense. In Ontario, buyers typically face both provincial and municipal land transfer taxes, making property purchases particularly costly in cities like Toronto. You'll be glad to know several exemptions and rebates exist

Dec 24, 2024 · The City of Hamilton has released its 2024 Housing Sustainability and Investment Roadmap update, outlining significant progress and next steps in addressing the region’s housing challenges.The Roadmap, adopted by the City Council in the spring of 2023, serves as a guiding framework for creating, preserving, and supporting affordable housing across Hamilton.

Nov 27, 2023 · Metro Vancouver’s real estate market finished 2024 on a strong note, with significant December sales growth underscoring an improving demand trend throughout the year.