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New Brunswick is attracting more people looking for a new home, and it’s easy to see why. It’s a place where you can enjoy a high quality of life without the high cost. The province is one of Canada’s safest, and its close-knit community vibe makes it easy to settle in and feel part of…

In today’s Canadian real estate market, is it possible to maximize your investment returns? Gone are the days of easy money floating throughout the national economy thanks to the Bank of Canada’s (BoC) historically low interest rates, fuelling the 2020-2021 housing boom that led to exorbitant residential property valuations. Now that conditions have normalized, investors…

In Canada, Homeowners’ Associations (HOAs) are not as widespread as in some other countries, like the United States, but they do exist, particularly in certain types of residential developments. HOAs are more commonly found in planned communities, condominiums, and townhouse complexes. Properties within an HOA enjoy added benefits like enhanced amenities and community management. HOAs…

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…